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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 REPORTS THIRD QUARTER 2021 RESULTS WITH 11 % YEAR OVER YEAR NAV PER UNIT GROWTH TORONTO , November 11 , 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 nine months ended September 30 , 2021 . Commenting on the quarter , Paul Dalla Lana , CEO of the REIT , said : " Q3 was another strong quarter for NorthWest as the REIT delivered solid operating results and progressed key strategic priorities including substantial completion of its UK value creation initiatives , establishing , and expanding its relationships with leading healthcare operators and adding to its healthcare precincts development strategy . A highlight was the $ 160 million gain related to our UK portfolio which supported NAV per unit growth of 3.5 % during the quarter and almost 11 % year over year . With significant demand for long - leased inflation indexed assets and increasing interest in healthcare real estate , we continue to see several catalysts for further NAV growth across the portfolio through continued cap rate compression , expansion of our global asset management platform and a growing focus on value- add development . Looking ahead to the new year , the REIT remains well positioned to execute on its strategic priorities with a focus on growth and continued balance sheet optimization . " 2021 Third Quarter Financial and Operational Highlights : For the three and nine months ended September 30 , 2021 , the REIT delivered strong financial and operational performance with an increasingly conservative balance sheet across an expanded 192 property , 16.2 million square foot defensive acute healthcare real estate portfolio underpinned by long- term inflation indexed leases . Key highlights are as follows : • Q3 2021 revenue stable year over year at $ 95.6M ; • Q3 2021 AFFO of $ 0.22 per unit is in - line with the previous quarter ; • • • AFFO payout ratio of 93 % ( 87 % normalized ) based on the REIT's $ 0.80 per unit annual distribution ; Constant currency adjusted same property NOI growth of 2.4 % in Q3 2021 as compared to Q3 2020 , driven primarily by annual rent indexation ; Strong portfolio occupancy of 96.9 % is up 20 bp quarter over quarter with the international portfolio holding stable at 98.5 % ; Weighted average lease expiry of 14.1 years is underpinned by the international portfolio's Hospital and Health Care Facility Assets ' weighted average lease expiry of 17.2 years ; • Total assets under management " AUM " increased 15.1 % year over year to $ 8.5 billion ; • Total capital deployed in fee bearing vehicles is $ 5.0 billion up 16.3 % year over year . Undeployed capital in existing fee bearing vehicles totals $ 3.7 billion ; Net asset value ( " NAV " ) per unit increased by 10.8 % year over year to $ 13.60 driven primarily by fair value gains resulting from the execution of the REIT's UK asset management initiatives ;