NorthWest International Healthcare Properties REIT ("NWI" or the "REIT") announced today that it has released its results for the three month period ended March 31, 2013.
With the transformational changes of 2012 and the REIT's reconfiguration to focus on high quality international healthcare assets now complete, NWI delivered strong financial results for the three months ended March 31, 2013 highlighted as follows:
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NOI of $4,343,063, representing a 289% increase over the same period last year
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AFFO / unit of $0.047, representing a 137% increase over the same period last year
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AFFO to distribution payout ratio of approximately 85%
Paul Dalla Lana , CEO, commented:
The REIT's outlook for 2013 and beyond remains positive, with all of its investments meeting or exceeding expectations during the three months ended March 31, 2013.
Supported by a solid existing business with many accretive growth opportunities, including the REIT's recently announced acquisition of a strategic interest in NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN), Canada's largest healthcare real estate company, NWI continues to work towards its objective to deliver stable and growing distributions over an increasingly diverse and sizeable portfolio.