NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN), referred to on its earnings call as Vital Infrastructure Property Trust, reported first-quarter results that management said reflected steady operating performance, progress on cost reduction and continuing efforts to recycle capital into North American healthcare infrastructure opportunities.
Chief Executive Officer Zach Vaughan said the trust delivered same-property net operating income growth of 3% year-over-year, or 4% excluding the impact of higher property expenses tied to outsourcing facility management work in the Canadian portfolio. Vaughan said the result was at the upper end of the trust’s target range.
