NorthWest Healthcare Properties Real Estate Investment Trust
Market Cap
CA$2.3b
Last Updated
2021/01/24 00:53 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
2.4%
NWH.UN
1.5%
CA REITs
-0.2%
CA Market
1 Year Return
7.4%
NWH.UN
-19.6%
CA REITs
1.5%
CA Market
Return vs Industry: NWH.UN exceeded the Canadian REITs industry which returned -19.6% over the past year.
Return vs Market: NWH.UN exceeded the Canadian Market which returned 1.5% over the past year.
Shareholder returns
| NWH.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 1.5% | -0.2% |
| 30 Day | 4.2% | 1.5% | 2.7% |
| 90 Day | 11.7% | 11.4% | 12.5% |
| 1 Year | 15.4%7.4% | -14.9%-19.6% | 5.2%1.5% |
| 3 Year | 39.8%13.0% | 11.3%-5.7% | 13.5%2.7% |
| 5 Year | 116.0%50.6% | 40.4%6.5% | 60.0%35.5% |
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
6 days ago | Simply Wall St
Is NorthWest Healthcare Properties Real Estate Investment Trust's (TSE:NWH.UN) ROE Of 5.9% Concerning?2 months ago | Simply Wall St
Did You Participate In Any Of NorthWest Healthcare Properties Real Estate Investment Trust's (TSE:NWH.UN) Respectable 98% Return?3 months ago | Simply Wall St
Is NorthWest Healthcare Properties Real Estate Investment Trust's (TSE:NWH.UN) 5.6% ROE Worse Than Average?Valuation
Is NorthWest Healthcare Properties Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
45.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NWH.UN (CA$13.15) is trading below our estimate of fair value (CA$23.95)
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 (28x) compared to the CA REITs industry average (9x).
PE vs Market: NWH.UN is poor value based on its PE Ratio (28x) compared to the Canadian market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: NWH.UN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: NWH.UN is overvalued based on its PB Ratio (1.5x) 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?
21.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NWH.UN's forecast earnings growth (21% per year) is above the savings rate (1.5%).
Earnings vs Market: NWH.UN's earnings (21% per year) are forecast to grow slower than the Canadian market (26.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NWH.UN's revenue (3% per year) is forecast to grow slower than the Canadian market (8% per year).
High Growth Revenue: NWH.UN's revenue (3% 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?
6.08%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NWH.UN's dividend (6.08%) is higher than the bottom 25% of dividend payers in the Canadian market (1.55%).
High Dividend: NWH.UN's dividend (6.08%) is in the top 25% of dividend payers in the Canadian market (4.91%)
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 (84.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Paul Dalla Lana (53 yo)
8.67yrs
Tenure
CA$6,795,576
Compensation
Mr. Paul Dalla Lana is the Founder of NorthWest Healthcare Properties Real Estate Investment Trust and serves as its Chief Executive Officer and Chairman. Mr. Dalla Lana is the Founder of NorthWest Value P...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD5.34M) is above average for companies of similar size in the Canadian market ($USD2.13M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.67yrs | CA$6.80m | 14.53% CA$ 339.3m | |
| President & CEO of NorthWest Healthcare Properties Management (ANZ) | 0.42yr | CA$2.07m | no data | |
| Chief Financial Officer | 4.33yrs | CA$871.96k | 0.093% CA$ 2.2m | |
| COO & MD of Canada | 4yrs | CA$489.85k | 0.036% CA$ 832.8k | |
| Executive VP | 5.5yrs | CA$528.09k | 0.063% CA$ 1.5m | |
| Managing Director of Europe | 8yrs | CA$2.38m | 0.45% CA$ 10.4m | |
| Managing Director of Brazil | 10yrs | no data | no data | |
| Senior Vice President of Canadian Operations | 1yr | no data | no data | |
| Executive Vice President of Funds Management | 0.42yr | no data | no data | |
| Regional General Manager of Western Canada | no data | no data | no data | |
| Executive Director of NorthWest Healthcare Properties Management (ANZ) | 3yrs | no data | no data |
4.2yrs
Average Tenure
53yo
Average Age
Experienced Management: NWH.UN's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.67yrs | CA$6.80m | 14.53% CA$ 339.3m | |
| Independent Trustee | 2.67yrs | CA$139.00k | no data | |
| 0.083yr | CA$1.02m | no data | ||
| Independent Trustee | 0.33yr | no data | no data | |
| Lead Independent Trustee | 2.92yrs | CA$159.00k | no data | |
| Independent Trustee | 5.67yrs | CA$125.50k | 0.015% CA$ 342.5k | |
| Independent Trustee | 6.25yrs | CA$155.50k | 0.034% CA$ 789.3k |
2.9yrs
Average Tenure
55yo
Average Age
Experienced Board: NWH.UN's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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 3.7%.
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: NaN
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.335b
- Market Cap: CA$2.314b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NWH.UN | TSX (The Toronto Stock Exchange) | Yes | New Trust Units | CA | CAD | May 2015 |
| NWHU.F | OTCPK (Pink Sheets LLC) | Yes | New Trust Units | US | USD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:53 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.