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Update: Northwest Healthcare Properties REIT Surges 10% As Q4 Adjusted Funds From Operations Decline YOY
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Update: Northwest Healthcare Properties REIT Surges 10% As Q4 Adjusted Funds From Operations Decline YOY
Mar 15, 2024 9:05 AM

11:40 AM EDT, 03/15/2024 (MT Newswires) -- Northwest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO) overnight Thursday reported fourth-quarter 2023 adjusted funds from operations of $32.8 million, or $0.13 per share, down from $41.4 million, or $0.17 per share, in the prior-year period.

Fourth-quarter 2023 net loss attributable to shareholders widened to $188.9 million from a loss of $135.5 million in the year-ago quarter.

Revenue from investment properties in the fourth quarter of 2023 was $124.0 million, increasing 4.1% year over year.

The REIT's shares at last look jumped 10.7% in early Friday trading.

Price: 4.66, Change: +0.45, Percent Change: +10.69

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