Investor Presentaiton

Net Operating Income NOI Growth of 11.0% from Acquisitions, Developments and Rent Reviews. Rent Reviews & Leasing NET OPERATING INCOME BRIDGE ($M) (1) +11.0% growth (including FX) / +8.8% (excluding FX) ☐ 83% CPI, CPI-linked and fixed reviews. ☐ FY23 SPNOI growth of +3.7% vs 2.7% for FY22 400 Acquisitions Contribution from US Portfolio acquisitions 17 11 4 348 350 300 Dispositions Divestment of $360.7m (²) of non-core assets in line with strategy 250 Development Income 200 8 387 3 ~$4m of additional development income 150 NOI Q4 2022 Like-For-Like Developments Acquisitions Growth Divestments Non Recurring FX NOI Q4 2023 Adj Over 83% of Northwest's rents are indexed Notes: (1) All values shown on a consolidated portfolio basis. (2) $232m on a proportionate basis Source: Q4 2023 MD&A ☑northwest NWH REIT | Q4 2023 FINANCIAL RESULTS PRESENTATION | 18

View entire presentation