Q: is nwh.un worth keeping after their latist earnings report ?
5i Research Answer:
Cash flow per unit was 15c, vs estimates 12.4c; revenue was $123.9M, about 8% better than estimates. EBITDA of $106M also beat estimates. Revenue rose 4%. Occupancy was good at 97%. However, the company continues to write down its portfolio, resulting in a $189M loss for the quarter and a $481M loss for the year. Payout ratio is 67% at the reduced distribution rate. NWH sold more than $450M in assets last year, which improves its financial conditions but may lower its growth rate. Lower cash flow is expected this year, and only small growth in cash flow is predicted for 2025. While the quarter beat expectations, we do not think this needs to be owned today.