NorthWest Healthcare Properties REIT Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Michael Markidis - BMO Capital Markets - Analyst : Thanks, operator. Good morning. And Craig, I'm not sure if you're in the Eastern time zone, but whatever time zone you're in, good day to you. Stephanie, just on the you gave a G&A expense ratio and I was trying to scribble and get it down. Could you kind of walk us through that math again, please, and how you're thinking about it?

Question: Michael Markidis - BMO Capital Markets - Analyst : Got it. Okay. And I'll have a look at the deck, but is that done on a proportionate or on a consolidated basis?

Question: Michael Markidis - BMO Capital Markets - Analyst : Consolidated. Okay. Thank you for that. Just with respect to, I think you said there's some I don't know if there's some sales that have been completed post Q4 anything expected to close sorry, post Q3 in the near term. Just curious if you could give us sort of what your corporate liquidity would be today and how that stacks up against the $125 million convert?

Question: Michael Markidis - BMO Capital Markets - Analyst : Okay. So, is the $104 million, is that a again, is that a consolidated proportionate? Does it include Vital? I'm just trying to get -- REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 15, 2024 / 3:00PM, NWH_u.TO - Q3 2024 NorthWest Healthcare Properties REIT Earnings Call

Question: Michael Markidis - BMO Capital Markets - Analyst : Okay. So, it is a corporate metric. Okay. And then of the assets that are held for sale, so what's the leverage attached to them? I guess I could go to assets held for sale, but just getting a sense of what kind of cash you could get back with that $200 million of assets for sale?

Question: Michael Markidis - BMO Capital Markets - Analyst : Less than $50 million or less than 50?

Question: Michael Markidis - BMO Capital Markets - Analyst : Okay. I guess is there in the I mean I hate going down this road, but in the event, like what are the options available to you if you don't generate the liquidity on that note?

Question: Michael Markidis - BMO Capital Markets - Analyst : That was actually a great point. I forgot about the -- Sure. So, thank you for that. Okay, and then just maybe, Craig, if you could provide us with an update in terms of has the in terms of finding your successor, has that has the firm been engaged to conduct that search as the search commenced? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 15, 2024 / 3:00PM, NWH_u.TO - Q3 2024 NorthWest Healthcare Properties REIT Earnings Call

Question: Michael Markidis - BMO Capital Markets - Analyst : Okay. Great. I appreciate the update. Thanks so much.

Question: Sairam Srinivas - Cormark Securities - Analyst : Thank you, operator. Good morning, guys. Thanks,

Question: Sairam Srinivas - Cormark Securities - Analyst : Just when thinking about dispositions, I know we've talked about the Brazilian portfolio for a bit now in the last couple of quarters. Has there been any progress in terms of your vision there or in terms of any interest to kind of seeing there?

Question: Sairam Srinivas - Cormark Securities - Analyst : I'm sorry. Actually, that's really good color. And maybe just looking at the $200 million or so of assets that are currently under on sale, are they mainly -- Will be fixed if they're mainly essentially North America then?

Question: Sairam Srinivas - Cormark Securities - Analyst : That makes sense. And maybe just shifting gears to the organic growth disclosures on NOI. I know the organic growth is very strong in North America this quarter and that's because of there was a tenant introduction last year. If you kind of eliminate that in the two years, how does that normalized growth look like?

Question: Sairam Srinivas - Cormark Securities - Analyst : That makes sense, Stephanie. All right, guys. Thank you so much for this and I'll turn it back.

Question: Sairam Srinivas - Cormark Securities - Analyst : Good, sir. I think it looks really good. Thanks again and congrats on a good quarter.