skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. NWH.UN: Hi 5I I have held this stock in the past. [NorthWest Healthcare Properties Real Estate Investment Trust]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi 5I

I have held this stock in the past. It has come well off its highs and pays a good dividend as result. Understanding that any recovery will mute the dividend, is this stock a good consideration for the healthcare sector?

Thank you

Peter
Asked by Peter on November 27, 2023
5i Research Answer:

NWH.UN has had lots of challenges, and reduced its distribution by 55% in September. It has also been working with creditors to extend debt maturities and has assets up for sale. Now, much of these issues are reflected in the low valuation, and units could do better in a lower interest rate environment. But, the company got itself into this mess, and in the 3Q per-unit cash flow still fell from 15c to 13c, despite higher income. We think investors can sit this one out until fundamentals show some improvement.