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NORTHWEST HEALTHCARE PROPERTIES 180 DUNDAS STREET WEST , SUITE 1100 , TORONTO , ONTARIO , M5G 1Z8 T : 416 366 2000 F : 416 366 2433 www.nwhp.ca ли NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST RELEASES STRONG SECOND QUARTER 2021 RESULTS INCLUDING ANNUAL PER UNIT AFFO AND NAV GROWTH OF 8 % AND 6 % , RESPECTIVELY TORONTO , August 12 , 2021 / CNW / - NorthWest Healthcare Properties Real Estate Investment Trust ( the " REIT " ) ( TSX : NWH.UN ) , Canada's leading global diversified healthcare real estate investment trust , today announced its results for the three months and six months ended June 30 , 2021 . Commenting on the quarter , Paul Dalla Lana , CEO of the REIT , said : " Q2 was another strong quarter for NorthWest with NAV per unit up 6.3 % on strong revaluation gains in Australia and a rebounding Brazilian Real . The REIT sees potential for further NAV growth from a combination of continued revaluation gains , the execution of the REIT's UK value creation initiatives , growth in its global asset management platform , and a growing development pipeline . The REIT'S UK value creation strategy took a major step forward with the acquisition of Aspen Healthcare and the planned sale of its eight operating hospitals that will allow the REIT to diversify and enhance its tenant base , expand its UK portfolio with two new high - quality hospitals and position for its planned Joint Venture which is on track for closing in 2021 . During this moment of intense focus on the global healthcare industry , the REIT has been working with its operating partners to deliver real estate solutions to meet evolving demands . In this context , NorthWest is particularly focused on the trend of decanting services out of hospitals and along with its capital partners is executing on ambulatory care and healthcare precinct strategies to drive value - add development opportunities , which now exceed $ 1 billion . For the balance of the year , the REIT is exceptionally well positioned to execute on its strategic priorities while delivering on both substantial earnings and net asset value growth . " 2021 Second Quarter Financial and Operational Highlights : For the three months and six month ended June 30 , 2021 , the REIT delivered strong financial and operational performance with an increasingly conservative balance sheet across an expanded 190 property , 16.1 million square foot defensive acute healthcare real estate portfolio underpinned by long- term inflation indexed leases . Key highlights are as follows : • Q2 2021 revenue was stable at $ 90.1M with improved cash collection of 98.8 % up 20 bp quarter over quarter ; Year over year AFFO per unit increased by 7.8 % to $ 0.22 in Q2 2021 ( $ 0.92 per unit on an annualized normalized basis ) as a result of accretive acquisitions , increased management fees , reduced interest expense through deleveraging and same property net operating income ( " SPNOI " ) growth ; AFFO payout ratio of 93 % ( 87 % normalized ) based on the REIT's $ 0.80 per unit annual distribution ; Constant currency adjusted SPNOI growth of 2.9 % in Q2 2021 as compared to Q2 2020 , driven primarily by annual rent indexation ;