NorthWest Healthcare Properties Real Estate Investment Trust
Market Cap
CA$2.3b
Last Updated
2020/02/16 00:19 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.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record average dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.6%
NWH.UN
1.4%
CA REITs
0.6%
CA Market
1 Year Return
24.1%
NWH.UN
14.9%
CA REITs
5.8%
CA Market
Return vs Industry: NWH.UN exceeded the Canadian REITs industry which returned 14.7% over the past year.
Return vs Market: NWH.UN exceeded the Canadian Market which returned 5.6% over the past year.
Shareholder returns
| NWH.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | 1.4% | 0.6% |
| 30 Day | 8.3% | 3.2% | 0.6% |
| 90 Day | 8.6% | 5.6% | 3.5% |
| 1 Year | 32.8%24.1% | 20.7%14.9% | 9.1%5.8% |
| 3 Year | 61.9%30.7% | 44.7%22.5% | 15.4%5.0% |
| 5 Year | n/a | 64.2%23.6% | 33.5%13.9% |
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$13.25) is trading below our estimate of fair value (CA$26.5)
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 (16.4x) compared to the REITs industry average (11x).
PE vs Market: NWH.UN is poor value based on its PE Ratio (16.4x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: NWH.UN is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NWH.UN is overvalued based on its PB Ratio (1.7x) compared to the CA REITs industry average (1.1x).
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 2 analysts?
43.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NWH.UN's forecast earnings growth (43.1% per year) is above the savings rate (1.4%).
Earnings vs Market: NWH.UN's earnings (43.1% per year) are forecast to grow faster than the Canadian market (10.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NWH.UN's revenue (4.6% per year) is forecast to grow slower than the Canadian market (4.9% per year).
High Growth Revenue: NWH.UN's revenue (4.6% 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?
6.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NWH.UN has a large one-off gain of CA$177.2M impacting its September 30 2019 financial results.
Growing Profit Margin: NWH.UN's current net profit margins (29.4%) are higher than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: NWH.UN has become profitable over the past 5 years, growing earnings by 6.3% per year.
Accelerating Growth: NWH.UN's earnings growth over the past year (168.1%) exceeds its 5-year average (6.3% per year).
Earnings vs Industry: NWH.UN earnings growth over the past year (168.1%) exceeded the REITs industry 9.2%.
Return on Equity
High ROE: NWH.UN's Return on Equity (9.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is NorthWest Healthcare Properties Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: NWH.UN has a high level of physical assets or inventory.
Debt Coverage by Assets: NWH.UN's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: NWH.UN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if NWH.UN has a sufficient allowance for bad loans.
Low Risk Liabilities: NWH.UN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NWH.UN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NWH.UN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NWH.UN has an appropriate level of bad loans.
Next Steps
Dividend
What is NorthWest Healthcare Properties Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
6.04%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NWH.UN's dividend (6.04%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: NWH.UN's dividend (6.04%) is in the top 25% of dividend payers in the Canadian market (5.32%)
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 (86.1%), 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 thoroughly covered by earnings (0.5% 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 (52yo)
7.8yrs
Tenure
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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD2.15M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.8yrs | no data | 4.89% CA$110.9m | |
| President & Trustee | 10.1yrs | no data | no data | |
| Chief Financial Officer | 3.4yrs | CA$790.11k | 0.080% CA$1.8m | |
| Managing Director of Germany | 7.1yrs | CA$2.38m | 0.46% CA$10.4m | |
| Chief Executive Officer of NorthWest Healthcare Properties Management | 1.5yrs | CA$2.38m | no data | |
| COO & MD of Canada | 3.1yrs | CA$489.85k | 0.041% CA$926.7k | |
| Executive VP | 4.6yrs | CA$528.09k | 0.043% CA$985.0k | |
| Managing Director of Brazil | 9.1yrs | no data | no data | |
| Regional General Manager of Western Canada | 0yrs | no data | no data | |
| Regional General Manager of Ontario Canada | 0yrs | no data | no data |
4.0yrs
Average Tenure
54yo
Average Age
Experienced Management: NWH.UN's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.8yrs | no data | 4.89% CA$110.9m | |
| President & Trustee | 10.1yrs | no data | no data | |
| Independent Trustee | 1.8yrs | CA$80.25k | no data | |
| Lead Independent Trustee | 2yrs | CA$156.00k | no data | |
| Independent Trustee | 4.8yrs | CA$126.00k | 0.016% CA$366.4k | |
| Independent Trustee | 5.3yrs | CA$154.00k | 0.032% CA$730.8k | |
| Independent Trustee | 4.8yrs | CA$142.50k | 0.0040% CA$89.7k |
4.8yrs
Average Tenure
57yo
Average Age
Experienced Board: NWH.UN's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NWH.UN 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 28.2%.
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$2.270b
- Market Cap: CA$2.063b
- Shares outstanding: 171.33m
- 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. As at September 30, 2019 the REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 171 income-producing properties and 14.0 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand. The REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 200 professionals in nine offices in five countries to serve as a long term real estate partner to leading healthcare operators.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 00:19 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.