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NorthWest Healthcare Properties Real Estate Investment Trust

OTCPK:NWHU.F
Snowflake Description

Second-rate dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWHU.F
OTCPK
CA$2B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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. The last earnings update was 11 days ago. More info.


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NWHU.F Share Price and Events
7 Day Returns
3.9%
OTCPK:NWHU.F
1.8%
US REITs
-0.7%
US Market
1 Year Returns
-0.6%
OTCPK:NWHU.F
16.3%
US REITs
3%
US Market
NWHU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NorthWest Healthcare Properties Real Estate Investment Trust (NWHU.F) 3.9% 2.9% 8.9% -0.6% 20.4% -
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • NWHU.F underperformed the REITs industry which returned 16.3% over the past year.
  • NWHU.F underperformed the Market in United States of America which returned 3% over the past year.

Value

 Is NorthWest Healthcare Properties Real Estate Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NorthWest Healthcare Properties Real Estate Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NorthWest Healthcare Properties Real Estate Investment Trust.

OTCPK:NWHU.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:NWHU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 26.5%) (188.91%))
1.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.18 * 5.96%)
9.76%

Discounted Cash Flow Calculation for OTCPK:NWHU.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for NorthWest Healthcare Properties Real Estate Investment Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NorthWest Healthcare Properties Real Estate Investment Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:NWHU.F DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (CAD, Millions) Source Present Value
Discounted (@ 9.76%)
2019 106.30 Analyst x1 96.85
2020 126.45 Analyst x2 104.96
2021 131.32 Est @ 3.85% 99.31
2022 135.94 Est @ 3.52% 93.66
2023 140.40 Est @ 3.28% 88.13
2024 144.78 Est @ 3.12% 82.80
2025 149.12 Est @ 3% 77.70
2026 153.48 Est @ 2.92% 72.85
2027 157.87 Est @ 2.86% 68.27
2028 162.32 Est @ 2.82% 63.96
Present value of next 10 years cash flows CA$848.49
OTCPK:NWHU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$162.32 × (1 + 2.73%) ÷ (9.76% – 2.73%)
CA$2,371.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,371.67 ÷ (1 + 9.76%)10
CA$934.47
OTCPK:NWHU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$848.49 + CA$934.47
CA$1,782.96
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,782.96 / 135.14
CA$13.19
OTCPK:NWHU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:NWHU.F represents 0.74276x of TSX:NWH.UN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74276x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 13.19 x 0.74276
$9.80
Value per share (USD) From above. $9.80
Current discount Discount to share price of $8.82
= -1 x ($8.82 - $9.80) / $9.80
9.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NorthWest Healthcare Properties Real Estate Investment Trust is available for.
Intrinsic value
10%
Share price is $8.82 vs Future cash flow value of $9.8
Current Discount Checks
For NorthWest Healthcare Properties Real Estate Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NorthWest Healthcare Properties Real Estate Investment Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • NorthWest Healthcare Properties Real Estate Investment Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NorthWest Healthcare Properties Real Estate Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NorthWest Healthcare Properties Real Estate Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NWHU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.24
TSX:NWH.UN Share Price ** TSX (2019-05-16) in CAD CA$11.88
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NorthWest Healthcare Properties Real Estate Investment Trust.

OTCPK:NWHU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:NWH.UN Share Price ÷ EPS (both in CAD)

= 11.88 ÷ 0.24

50.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NorthWest Healthcare Properties Real Estate Investment Trust is overvalued based on earnings compared to the US REITs industry average.
  • NorthWest Healthcare Properties Real Estate Investment Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does NorthWest Healthcare Properties Real Estate Investment Trust's expected growth come at a high price?
Raw Data
OTCPK:NWHU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 50.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
6.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NorthWest Healthcare Properties Real Estate Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NorthWest Healthcare Properties Real Estate Investment Trust's assets?
Raw Data
OTCPK:NWHU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$8.40
TSX:NWH.UN Share Price * TSX (2019-05-16) in CAD CA$11.88
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:NWHU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:NWH.UN Share Price ÷ Book Value per Share (both in CAD)

= 11.88 ÷ 8.40

1.41x

* Primary Listing of NorthWest Healthcare Properties Real Estate Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NorthWest Healthcare Properties Real Estate Investment Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover NorthWest Healthcare Properties Real Estate Investment Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NorthWest Healthcare Properties Real Estate Investment Trust expected to grow at an attractive rate?
  • NorthWest Healthcare Properties Real Estate Investment Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • NorthWest Healthcare Properties Real Estate Investment Trust's earnings growth is positive but not above the United States of America market average.
  • NorthWest Healthcare Properties Real Estate Investment Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NWHU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NWHU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 6.2%
OTCPK:NWHU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.7%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:NWHU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NWHU.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 377 134 1
2019-12-31 369 136 1
OTCPK:NWHU.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 373 108 28
2018-12-31 367 93 47
2018-09-30 358 96 40
2018-06-30 351 80 3
2018-03-31 381 87 48
2017-12-31 370 91 105
2017-09-30 375 99 142
2017-06-30 358 111 213
2017-03-31 305 106 147
2016-12-31 291 99 96
2016-09-30 264 91 46
2016-06-30 258 73 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NorthWest Healthcare Properties Real Estate Investment Trust's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • NorthWest Healthcare Properties Real Estate Investment Trust's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NWHU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from NorthWest Healthcare Properties Real Estate Investment Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NWHU.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:NWHU.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.24
2018-12-31 0.45
2018-09-30 0.39
2018-06-30 0.02
2018-03-31 0.46
2017-12-31 1.04
2017-09-30 1.62
2017-06-30 2.44
2017-03-31 1.88
2016-12-31 1.39
2016-09-30 0.66
2016-06-30 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NorthWest Healthcare Properties Real Estate Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NorthWest Healthcare Properties Real Estate Investment Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NorthWest Healthcare Properties Real Estate Investment Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • NorthWest Healthcare Properties Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NorthWest Healthcare Properties Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
NorthWest Healthcare Properties Real Estate Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NorthWest Healthcare Properties Real Estate Investment Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NWHU.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 373.07 27.84 28.32
2018-12-31 367.30 46.62 24.88
2018-09-30 358.17 39.91 26.33
2018-06-30 351.05 2.51 28.13
2018-03-31 380.90 47.50 26.79
2017-12-31 369.92 104.81 26.92
2017-09-30 374.67 142.19 25.62
2017-06-30 358.41 213.44 20.97
2017-03-31 305.02 147.30 21.00
2016-12-31 290.98 96.29 21.22
2016-09-30 263.69 45.78 24.08
2016-06-30 257.79 45.66 27.14
2016-03-31 238.17 136.50 25.39
2015-12-31 202.03 120.64 24.61
2015-09-30 152.10 103.55 18.60
2015-06-30 104.90 103.97 15.18
2015-03-31 63.35 -4.92 12.13
2014-12-31 50.30 -8.47 7.82
2014-09-30 44.00 -25.79 10.68
2014-06-30 38.38 -13.40 9.63
2014-03-31 43.10 20.74 8.00
2013-12-31 34.00 36.84 7.29
2013-09-30 29.46 17.12 2.88
2013-06-30 18.86 -2.08 2.19
2013-03-31 10.14 -23.19 1.62
2012-12-31 3.34 -29.53 1.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NorthWest Healthcare Properties Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NorthWest Healthcare Properties Real Estate Investment Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • NorthWest Healthcare Properties Real Estate Investment Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NorthWest Healthcare Properties Real Estate Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NorthWest Healthcare Properties Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NorthWest Healthcare Properties Real Estate Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NorthWest Healthcare Properties Real Estate Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NorthWest Healthcare Properties Real Estate Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NorthWest Healthcare Properties Real Estate Investment Trust Company Filings, last reported 1 month ago.

OTCPK:NWHU.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,712.12 3,032.80 94.44
2018-12-31 1,682.55 3,001.86 46.34
2018-09-30 1,521.54 2,806.45 56.30
2018-06-30 1,637.95 2,970.91 61.44
2018-03-31 1,703.26 2,720.57 49.67
2017-12-31 1,654.93 2,650.06 72.60
2017-09-30 1,496.36 2,640.81 36.45
2017-06-30 1,559.34 2,342.89 53.68
2017-03-31 1,368.59 2,016.26 61.25
2016-12-31 1,189.79 1,905.70 20.17
2016-09-30 1,126.93 1,836.24 73.65
2016-06-30 927.83 1,771.36 33.36
2016-03-31 826.21 1,665.35 13.14
2015-12-31 842.96 1,611.17 14.91
2015-09-30 766.79 1,531.95 10.49
2015-06-30 786.24 1,570.43 5.97
2015-03-31 367.38 842.13 5.54
2014-12-31 99.97 647.48 18.37
2014-09-30 59.52 682.33 32.81
2014-06-30 66.89 635.56 3.69
2014-03-31 56.88 613.91 2.63
2013-12-31 73.69 576.92 2.64
2013-09-30 86.17 414.03 5.46
2013-06-30 58.29 407.34 3.72
2013-03-31 58.00 251.39 6.60
2012-12-31 42.10 231.18 3.14
  • NorthWest Healthcare Properties Real Estate Investment Trust's level of debt (177.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1077.6% vs 177.1% today).
  • Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.73%
Current annual income from NorthWest Healthcare Properties Real Estate Investment Trust dividends. Estimated to be 6.73% next year.
If you bought $2,000 of NorthWest Healthcare Properties Real Estate Investment Trust shares you are expected to receive $135 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NorthWest Healthcare Properties Real Estate Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • NorthWest Healthcare Properties Real Estate Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase NorthWest Healthcare Properties Real Estate Investment Trust before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:NWHU.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NWHU.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.80 4.00
2019-12-31 0.80 4.00
OTCPK:NWHU.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.800 6.759
2019-04-12 0.800 6.951
2019-03-15 0.800 6.902
2019-02-19 0.800 7.294
2019-01-17 0.800 7.450
2018-12-17 0.800 8.115
2018-11-19 0.800 7.683
2018-10-15 0.800 7.407
2018-09-14 0.800 7.188
2018-08-15 0.800 7.022
2018-07-13 0.800 7.012
2018-06-15 0.800 7.065
2018-05-16 0.800 7.045
2018-04-13 0.800 7.114
2018-03-15 0.800 7.087
2018-02-15 0.800 7.416
2018-01-15 0.800 7.157
2017-12-15 0.800 7.080
2017-11-15 0.800 7.000
2017-10-13 0.800 7.040
2017-09-15 0.800 7.109
2017-08-21 0.800 7.287
2017-06-15 0.800 7.474
2017-05-15 0.800 7.446
2017-04-13 0.800 7.416
2017-03-15 0.800 7.422
2017-02-09 0.800 7.783
2017-01-13 0.800 7.873
2016-12-15 0.800 7.886
2016-11-15 0.800 8.217
2016-10-14 0.800 7.732
2016-09-16 0.800 7.654
2016-08-12 0.800 7.566
2016-07-15 0.800 7.826
2016-06-15 0.800 8.064
2016-05-13 0.800 8.278
2016-04-15 0.800 8.370
2016-03-11 0.800 8.446
2016-03-10 0.800 8.373
2015-11-12 0.800 9.216
2015-08-12 0.800 9.617

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, NorthWest Healthcare Properties Real Estate Investment Trust has been paying a dividend for less than 10 years.
  • NorthWest Healthcare Properties Real Estate Investment Trust has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of NorthWest Healthcare Properties Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NorthWest Healthcare Properties Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NorthWest Healthcare Properties Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Dalla Lana
COMPENSATION CA$0
AGE 51
TENURE AS CEO 7 years
CEO Bio

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 Partners Inc. and serves as its President. He has several years of experience in real estate acquisition, development and finance. Mr. Dalla Lana serves as the Chief Executive Officer and Trustee at GT Canada Medical Properties Real Estate Investment Trust effective May 31, 2012. He has led NorthWest Value Partners Inc.'s acquisition and development of more than $3.0 billion in real estate assets, while building NorthWest Healthcare across Canada with a significant focus on healthcare properties. Mr. Dalla Lana was a professional in the Real Estate Capital Markets Group of Citibank, N.A. He served as an Economist with B.C. Central Credit Union. Mr. Dalla Lana has been Non-Independent Trustee of NorthWest Healthcare Properties Real Estate Investment Trust since March 2010. He has been a Director of Vital Healthcare Management Limited since January 16, 2012. Mr. Dalla Lana is an Advisory Board Member of the Dalla Lana School of Public Health and serves on the President's Advisory Council at The University of Toronto. He received an M.B.A. in Finance and Real Estate and a B.A. in Economics from the University of British Columbia.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Paul's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the NorthWest Healthcare Properties Real Estate Investment Trust management team in years:

3.8
Average Tenure
53
Average Age
  • The tenure for the NorthWest Healthcare Properties Real Estate Investment Trust management team is about average.
Management Team

Paul Dalla Lana

TITLE
Chairman & CEO
AGE
51
TENURE
7 yrs

Bernie Crotty

TITLE
President & Trustee
AGE
56
TENURE
2.3 yrs

Shailen Chande

TITLE
Chief Financial Officer
COMPENSATION
CA$790K
TENURE
2.7 yrs

Jan Krizan

TITLE
Managing Director of Germany
COMPENSATION
CA$2M
AGE
49
TENURE
6.3 yrs

Craig Mitchell

TITLE
Chief Executive Officer of NorthWest Healthcare Properties Management
COMPENSATION
CA$2M
TENURE
0.8 yrs

Peter Riggin

TITLE
COO & MD of Canada
COMPENSATION
CA$490K
AGE
55
TENURE
2.3 yrs

Mike Brady

TITLE
Executive VP
COMPENSATION
CA$528K
TENURE
3.8 yrs

Gerson Amado

TITLE
Managing Director of Brazil
TENURE
8.3 yrs

David Carr

TITLE
Chief Executive Officer of Vital Healthcare Management Limited
COMPENSATION
CA$950K
TENURE
4 yrs

Terry Schmitt

TITLE
Regional General Manager of Western Canada
Board of Directors Tenure

Average tenure and age of the NorthWest Healthcare Properties Real Estate Investment Trust board of directors in years:

4
Average Tenure
56
Average Age
  • The tenure for the NorthWest Healthcare Properties Real Estate Investment Trust board of directors is about average.
Board of Directors

Paul Dalla Lana

TITLE
Chairman & CEO
AGE
51
TENURE
7 yrs

Bernie Crotty

TITLE
President & Trustee
AGE
56
TENURE
9.3 yrs

Christopher Naylor

TITLE
COMPENSATION
CA$143K
AGE
63
TENURE
4 yrs

Colin Loudon

TITLE
Lead Independent Trustee
COMPENSATION
CA$156K
AGE
66
TENURE
1.3 yrs

Robert Baron

TITLE
COMPENSATION
CA$126K
AGE
53
TENURE
4 yrs

Brian Petersen

TITLE
COMPENSATION
CA$154K
AGE
51
TENURE
4.6 yrs

Karen Weaver

TITLE
COMPENSATION
CA$80K
AGE
59
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • NorthWest Healthcare Properties Real Estate Investment Trust insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Mar 19 Sell Mike Brady Individual 19. Mar 19 20. Mar 19 -22,221 $8.57 $-189,706
14. Mar 19 Sell Silver and White Management, Inc Company 11. Mar 19 11. Mar 19 -17,248 $8.38 $-144,471
26. Feb 19 Buy Brian Petersen Individual 26. Feb 19 26. Feb 19 2,500 $8.08 $20,192
27. Dec 18 Buy Paul Dalla Lana Individual 24. Dec 18 24. Dec 18 50,000 $6.94 $345,162
26. Dec 18 Buy Paul Dalla Lana Individual 21. Dec 18 21. Dec 18 90,000 $6.97 $626,301
25. Dec 18 Buy Paul Dalla Lana Individual 18. Dec 18 19. Dec 18 71,000 $7.36 $520,083
15. Aug 18 Sell Bernard Crotty Individual 14. Aug 18 14. Aug 18 -17,400 $8.79 $-152,993
13. Jun 18 Buy Paul Dalla Lana Individual 12. Jun 18 12. Jun 18 20,000 $8.67 $173,387
06. Jun 18 Buy Paul Dalla Lana Individual 05. Jun 18 05. Jun 18 20,000 $8.75 $174,717
04. Jun 18 Buy Paul Dalla Lana Individual 01. Jun 18 01. Jun 18 20,000 $8.69 $173,465
22. May 18 Sell Bernard Crotty Individual 22. May 18 22. May 18 -8,589 $8.92 $-76,645
X
Management checks
We assess NorthWest Healthcare Properties Real Estate Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NorthWest Healthcare Properties Real Estate Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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 December 31, 2018 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 156 income-producing properties and 11.2 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 180 professionals across nine offices in six countries to serve as a long term real estate partner to leading healthcare operators.

Details
Name: NorthWest Healthcare Properties Real Estate Investment Trust
NWHU.F
Exchange: OTCPK
Founded:
CA$1,192,797,368
CA$1,036,496,335
135,137,516
Website: http://www.nwhreit.com
Address: NorthWest Healthcare Properties Real Estate Investment Trust
180 Dundas Street West,
Suite 1100,
Toronto,
Ontario, M5G 1Z8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX NWH.UN New Trust Units The Toronto Stock Exchange CA CAD 16. May 2015
OTCPK NWHU.F New Trust Units Pink Sheets LLC US USD 16. May 2015
Number of employees
Current staff
Staff numbers
213
NorthWest Healthcare Properties Real Estate Investment Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:55
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.