TSX:NWH.UN

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NorthWest Healthcare Properties Real Estate Investment Trust

Executive Summary

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. More Details


Snowflake Analysis

Average dividend payer and slightly overvalued.

Share Price & News

How has NorthWest Healthcare Properties Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NWH.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NWH.UN's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

NWH.UN

-0.09%

CA REITs

0.7%

CA Market


1 Year Return

-2.0%

NWH.UN

-16.4%

CA REITs

-2.0%

CA Market

Return vs Industry: NWH.UN exceeded the Canadian REITs industry which returned -16.1% over the past year.

Return vs Market: NWH.UN exceeded the Canadian Market which returned -1.8% over the past year.


Shareholder returns

NWH.UNIndustryMarket
7 Day-1.3%-0.09%0.7%
30 Day2.3%10.9%5.3%
90 Day5.0%8.2%4.0%
1 Year5.3%-2.0%-11.6%-16.4%1.6%-2.0%
3 Year28.5%3.7%13.8%-3.6%10.2%-0.5%
5 Year98.5%37.8%40.2%5.8%44.5%22.3%

Long-Term Price Volatility Vs. Market

How volatile is NorthWest Healthcare Properties Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NorthWest Healthcare Properties Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NWH.UN (CA$12.26) is trading below our estimate of fair value (CA$25.43)

Significantly Below Fair Value: NWH.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NWH.UN is poor value based on its PE Ratio (26.1x) compared to the CA REITs industry average (9.2x).

PE vs Market: NWH.UN is poor value based on its PE Ratio (26.1x) compared to the Canadian market (15x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NWH.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NWH.UN is overvalued based on its PB Ratio (1.4x) compared to the CA REITs industry average (0.8x).


Next Steps

Future Growth

How is NorthWest Healthcare Properties Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NWH.UN's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if NWH.UN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NWH.UN's revenue (3.5% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: NWH.UN's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NWH.UN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has NorthWest Healthcare Properties Real Estate Investment Trust performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWH.UN has high quality earnings.

Growing Profit Margin: NWH.UN's current net profit margins (20.5%) are lower than last year (29.2%).


Past Earnings Growth Analysis

Earnings Trend: NWH.UN's earnings have declined by 11.3% per year over the past 5 years.

Accelerating Growth: NWH.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NWH.UN had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the REITs industry average (16.4%).


Return on Equity

High ROE: NWH.UN's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is NorthWest Healthcare Properties Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: NWH.UN's short term assets (CA$452.4M) do not cover its short term liabilities (CA$1.1B).

Long Term Liabilities: NWH.UN's short term assets (CA$452.4M) do not cover its long term liabilities (CA$2.4B).


Debt to Equity History and Analysis

Debt Level: NWH.UN's debt to equity ratio (132.8%) is considered high.

Reducing Debt: NWH.UN's debt to equity ratio has reduced from 199.6% to 132.8% over the past 5 years.

Debt Coverage: NWH.UN's debt is not well covered by operating cash flow (6%).

Interest Coverage: NWH.UN's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

What is NorthWest Healthcare Properties Real Estate Investment Trust current dividend yield, its reliability and sustainability?

6.64%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: NWH.UN's dividend (6.53%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).

High Dividend: NWH.UN's dividend (6.53%) is in the top 25% of dividend payers in the Canadian market (5.45%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NWH.UN has been paying a dividend for less than 10 years.

Growing Dividend: NWH.UN has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.9%), NWH.UN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NWH.UN's dividends in 3 years are forecast to be covered by earnings (83.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Paul Dalla Lana (53 yo)

8.5yrs

Tenure

CA$6,795,576

Compensation

Mr. Paul Dalla Lana is the Founder of NorthWest Healthcare Properties Real Estate Investment Trust and serves as its Chief Executive Officer and Chairman. Mr. Dalla Lana is the Founder of NorthWest Value P...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD5.20M) is above average for companies of similar size in the Canadian market ($USD2.03M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Dalla Lana
Chairman & CEO8.5yrsCA$6.80m14.54%
CA$ 316.5m
Craig Mitchell
President & CEO of NorthWest Healthcare Properties Management (ANZ)0.25yrCA$2.07mno data
Shailen Chande
Chief Financial Officer4.17yrsCA$871.96k0.086%
CA$ 1.9m
Peter Riggin
COO & MD of Canada3.83yrsCA$489.85k0.036%
CA$ 776.8k
Mike Brady
Executive VP5.33yrsCA$528.09k0.063%
CA$ 1.4m
Jan Krizan
Managing Director of Europe7.83yrsCA$2.38m0.45%
CA$ 9.7m
Gerson Amado
Managing Director of Brazil9.83yrsno datano data
Dave Casimiro
Senior Vice President of Canadian Operations0.83yrno datano data
Timothy Blackwell
Executive Vice President of Funds Management0.25yrno datano data
Terry Schmitt
Regional General Manager of Western Canadano datano datano data
Chris Adams
Executive Director of NorthWest Healthcare Properties Management (ANZ)2.83yrsno datano data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: NWH.UN's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Dalla Lana
Chairman & CEO8.5yrsCA$6.80m14.54%
CA$ 316.5m
Karen Weaver
Independent Trustee2.5yrsCA$139.00kno data
Stephani Kingsmill
Independent Trustee0.17yrno datano data
Colin Loudon
Lead Independent Trustee2.75yrsCA$159.00kno data
Robert Baron
Independent Trustee5.5yrsCA$125.50k0.015%
CA$ 319.5k
Brian Petersen
Independent Trustee6.08yrsCA$155.50k0.028%
CA$ 612.5k

4.1yrs

Average Tenure

54.5yo

Average Age

Experienced Board: NWH.UN's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.2%.


Top Shareholders

Company Information

NorthWest Healthcare Properties Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NorthWest Healthcare Properties Real Estate Investment Trust
  • Ticker: NWH.UN
  • Exchange: TSX
  • Founded:
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: CA$2.177b
  • Market Cap: CA$2.117b
  • Shares outstanding: 177.54m
  • Website: https://www.nwhreit.com

Number of Employees


Location

  • NorthWest Healthcare Properties Real Estate Investment Trust
  • 180 Dundas Street West
  • Suite 1100
  • Toronto
  • Ontario
  • M5G 1Z8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NWH.UNTSX (The Toronto Stock Exchange)YesNew Trust UnitsCACADMay 2015
NWHU.FOTCPK (Pink Sheets LLC)YesNew Trust UnitsUSUSDMay 2015

Biography

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. A...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:50
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.