The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst
: Just coming back to the AUHPT, what was kind of the overriding rationale for the disposition from the Northwest perspective?
Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst
: No, sorry, just the overriding rationale for selling some of the units to your partner?
Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst
: Got it. Okay. Okay. And then maybe, Paul, to your comment on further $1 to $2 of NAV per unit upside over the next 12 months. You took some
pretty solid fair value gains this quarter in the U.K. yet the potential upside remains pretty attractive and pretty significant. Has anything changed
for you quarter-over-quarter in terms of the magnitude of that upside, whether it's cap rates, expect the cap rates, the compression could be more
than you expected last quarter? It just seems like you're servicing the value, but the potential value creation remains intact. It's curious combination.
Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst
: That's great color. My last question just comes to AFFO per unit growth. I think you mentioned on the call the normalized AFFO per unit $0.92,
that's been pretty consistent. If we go back to Q2 of '19, it's kind of been at that level. You highlighted some factors in that intervening time period
would put pressure on that number. So for example, the delevering that you've done, and the balance sheet is in really good shape, both the U.K.
Healthcare fund. And the currency has been a bit tough as well, which clearly you can't predict going forward.
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NOVEMBER 12, 2021 / 3:00PM, NWH_u.TO - Q3 2021 NorthWest Healthcare Properties REIT Earnings Call
But with the amount of repositioning of the portfolio that you've accomplished, like where and what's the delevering like we done now, like where
in the priority scale does of inching up that $0.92 disclosed normalized AFFO per unit rank when you look out into 2022?
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