N
orthwest Healthcare Properties Real Estate Investment Trust (NWH.UN) has achieved a significant milestone with the assignment of an investment-grade issuer credit rating by Morningstar DBRS. This BBB (low) rating, accompanied by a stable trend, validates the strength of NWH's global healthcare real estate portfolio and its diverse tenant base.

    "This achievement underscores our commitment to building a resilient and institutional-quality healthcare REIT," said Craig Mitchell, CEO of Northwest. "We've made significant strides in strengthening our balance sheet, reducing leverage, and improving our cost of capital."

    Stephanie Karamarkovic, CFO, added that the rating reflects the REIT's focus on further enhancing its financial position. NWH's portfolio comprises 185 income-producing properties and 16.1 million square feet of gross leasable area across major markets in North America, Brazil, Europe, and Australasia.

    As a leading owner and operator of healthcare real estate infrastructure, Northwest leverages its global workforce to serve as a long-term partner to top healthcare operators. The REIT's portfolio is characterized by long-term indexed leases and stable occupancies, providing investors with access to high-quality international healthcare real estate infrastructure.

    Forward-looking statements in this release are based on assumptions about future events and financial trends that may affect the REIT's financial condition, performance, strategy, and needs. While management believes these assumptions are reasonable, actual results may differ due to known and unknown risks and uncertainties beyond the REIT's control.