12:40 PM EDT, 03/11/2025 (MT Newswires) -- NorthWest Healthcare Properties Real Estate Investment Trust reported fourth-quarter FFO per unit of $0.10 vs. $0.09 for the prior year period, -8% below National Bank and consensus at $0.10 / $0.11.

According to National Bank, NorthWest's results featured some notable developments. A CEO announcement was not made alongside the release, however Craig Mitchell indicated he remains on track to step down late-Q2. Concerns relating to Healthscope, while realized after NWH provided a 10-week rent deferral, appear insulated thanks to favourable lease agreements. Overall, this could've been a worse outcome for its key tenant.

Lastly, with additional proceeds coming in from Assura and thanks to its recent debenture issuance, NorthWest Healthcare has avoided transacting on a harder to sell geography, National Bank noted.

Maintain Outperform, target raised to $5.75 (from $5.50).