Northview Residential REIT · TSX:NRR.UN
Northview Residential REIT — Investor Presentation (March 2025)
26 slides from Northview Residential REIT's investor presentation, March 2025
Slide 1: Investor Presentation
Investor Presentation March 2025
Slide 2: Disclaimer
Disclaimer Certain information contained in this presentation constitutes forward-looking information within the meaning of applicable securities laws. Statements that reflect Northview Residential REIT’s (“Northview” or the “REIT”) objectives, plans, goals, and strategies are subject to risks, unce
Slide 3: Northview Residential REIT
TSX: NRR.UN Northview Residential REIT Northview is one of Canada's largest publicly traded multi-residential REITs with nearly $2.7 billion in assets uniquely positioned in secondary markets across Canada Our Portfolio NOI% by Region1 38% 13,433 Multi-Residential Suites Northern Canada 33% 19% West
Slide 4: At a Glance
TSX: NRR.UN At a Glance December 31, 2024 Property Portfolio Multi-residential Same Door Occupancy1 96.1% Same Door AMR1 $1,446 Fair Value of Investment Properties ($ billions)2 $2.6 Weighted Average Cap Rate1 6.62% Financial Performance Same Door NOI Margin1 57.0% Annualized Cash Distribution per U
Slide 5: Investment Thesis
TSX: NRR.UN Investment Thesis Northview’s diversified portfolio and strong operational performance position it to generate earnings growth and Unitholder value Strong Multi- Sustained 1 family 2 Performance Fundamentals Compelling Sustainable Active Debt 3 Valuation 4 Distributions 5 Management 2023
Slide 6: Solid Multi-Residential Fundamentals
Solid Multi-Residential Fundamentals 1 2 3 4 5 Solid Multi-Residential Fundamentals TEMPERED IMMIGRATION, HOUSING SUPPLY SHORTAGE AND TARIFF UNCERTAINTY • In October 2024, the Government of Canada released the 2025-2027 Immigration Levels Plan anticipated to stabilize population growth. • An estimat
Slide 7: Sustained Results Led by Strong Performance
1 2 3 4 5 Sustained Results Led by Strong Performance Sustained Performance Northview’s multi-residential portfolio continues with solid NOI supported by strong housing fundamentals Steady growth in AMR and Occupancy1 Consistent growth in NOI and NOI margins2 95.8% 160 59.5% 100% 140 58.9% 59.0% 98%
Slide 8: Compelling Valuation
1 2 3 4 5 Compelling Valuation Compelling Valuation Northview has a compelling valuation proposition with a trading discount to NAV and lower AFFO Multiple, offering significant upside potential Premium / (Discount) to Consensus NAV 2 AFFO Multiple 2 Unit Price Return Performance 1 Northview’s unit
Slide 9: Sustainable Distributions
1 2 3 4 5 Sustainable Distributions Sustainable Distributions Northview’s solid operational performance and prudent distributions, position it to execute on its debt management strategy, generate earnings growth and long-term Unitholder value AFFO Payout Ratio Distribution Yield 1 140.0% 120.0% Stro
Slide 10: Active Credit Facility Debt Management
1 2 3 4 5 Active Credit Facility Debt Management Active Debt Management Northview continues to strengthen its balance sheet by reducing the credit facility balance, floating interest rate exposure and debt service costs $600 40% Credit Facility Balance ($ millions) Credit Facility % of Total Debt $5
Slide 11: Headway on Non-core Assets Sales
1 2 3 4 5 Headway on Non-core Assets Sales Active Debt Management In 2024, Northview completed $61.3 million of non-core asset sales providing an additional $28.6 million in credit facility repayments further improving leverage • Non-core assets identified for sale include properties located in smal
Slide 12: Mortgage Summary
1 2 3 4 5 Mortgage Summary Active Debt Management Staggard mortgage maturities mitigate interest rate exposure on refinancing Mortgage Maturity Ladder 4.50% 4.18% 4.17% 3.94% $600.0 3.89% 4.00% • Management anticipates that in $500.0 3.50% 3.47% 2025, the reduction in credit facility interest will m
Slide 13: Investment Thesis
TSX: NRR.UN Investment Thesis Northview’s diversified portfolio and strong operational performance position it to generate earnings growth and Unitholder value Strong Multi-family Sustained 1 Fundamentals 2 Performance Housing Completions Required by 20301 Same Door NOI Growth3 3.5 million 8.7% Nati
Slide 14: Corporate Overview
Corporate Overview ae Northview
Slide 15: Aligned Sponsors and Institutional Relationships
Aligned Sponsors and Institutional Relationships Northview benefits from a strong Board of Trustees and Institutional support Board of Trustees Daniel Drimmer1, Chairman Daniel is the Founder and Chief Executive Officer of Starlight Investments and has 5% led significant amounts of real estate trans
Slide 16: Northview's Experienced Management Team
Northview’s Experienced Management Team Northview has a highly experienced internal management team, who have a proven track record of value creation for investors Todd Cook Sarah Walker Karl Bomhof Linay Freda President & Chief Executive Officer Chief Financial Officer Vice President, General Couns
Slide 17: Environmental, Social, and Governance (ESG)
Environmental, Social, and Governance (ESG) Northview understands the importance of prioritizing ESG and is committed to enhancing its long-term ESG strategy OUR COMMITMENTS The REIT actively manages sustainability-related risks and assesses sustainability-related opportunities on an on-going basis,
Slide 18: 2024 Environmental Notable Projects
2024 Environmental Notable Projects Yellowknife Townhome Retrofits Winnipeg Suite Upgrades After the completion of a successful pilot project in Northview partnered with Efficiency Manitoba and partnership with the Arctic Energy Alliance in 2023, a furnace received replacement of in-suite showerhead
Slide 19: Contact Information
Contact Information Todd Cook President & Chief Executive Officer tcook@nvreit.ca Sarah Walker Chief Financial Officer swalker@nvreit.ca General Investor Inquiries investorrelations@nvreit.ca (403) 531-0720 Investor Presentation | 19
Slide 20: Appendix — Our Core Regions
Appendix — Our Core Regions Northview
Slide 21: Western Canada
Western Canada British Columbia (6.2% of NOI1; AMR2 - $1,100; Occupancy2 – 90.6%) Taylor, BC • Northern BC’s economy has a predominant focus on the energy Fort St. John, BC and natural resource sector, which includes large hydroelectric dams, biomass facilities and wind farms. Slake Lake, AB Fort Mc
Slide 22: Northern Canada
Northern Canada Arctic Bay, NU • Northview is the largest private sector landlord and owner of income producing properties in these territories. Pond Inlet, NU Inuvik, NT • The real estate market in the territories is characterized by high rental rates and low vacancy rates. Permafrost, a short Camb
Slide 23: Atlantic Canada
Atlantic Canada New Brunswick (5.8% of NOI1; AMR2 - $1,041; Occupancy2 - 98.5%) • The economy in New Brunswick is closely tied to its exports and primary industries of agriculture, aquaculture, forestry, Labrador City, NL mining and manufacturing. • The economy and real estate market has been buoyed
Slide 24: Central Canada
Central Canada Manitoba (5.8% of NOI1; AMR2 - $1,174; Occupancy2 - 97.9%) • Winnipeg is home to many of Canada’s leading international agribusiness companies, Western Canada’s hub for advanced manufacturing, and has the largest center for transportation manufacturing in North America. Other major in
Slide 25: Commercial and Execusuite Portfolio
Commercial and Execusuite Portfolio • Commercial portfolio consists of 69% office, 18% warehouse and storage, and 13% retail, along with 200 execusuites Inuvik, NT • Commercial and Execusuites portolio represents 16% Iqaluit, NU of consolidated Northview NOI Yellowknife, NT • Total commercial square
Slide 26: Northview
Northview
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