Investor Presentaiton
Dispositions
During FY23, Northwest divested $495.2 million (1) of its non-core assets and securities.
Sales of Non-Core Investment Properties
During 2023, The REIT announced its initiative to sell
non-core assets.
The REIT divested properties with a fair value of
$360.7 million (2) to repay property level debt, corporate
credit facilities & Australasian term debt.
Sales of Unlisted Securities
The REIT sold approximately 63% of its investment in
unlisted securities for proceeds of $134.5 million.
Dispositions - Non-Core Investment Properties
Region
Quarter
Disposition Proceeds
(in Millions)
Americas
Q2
74.2
Australasia
Q2
48.8
Australasia
74.9
The proceeds were used towards the full repayment of the
Australasian term debt, secured by the underlying unlisted
securities.
Americas
Q4
74.4
Australasia
Q4
88.4
TOTAL
360.7
Net proceeds from dispositions will be allocated to repay high-cost corporate debt on an accretive basis
Notes: (1) All values shown on a consolidated portfolio basis. (2) $232m on a proportionate basis.
Source: Q4 2023 MD&A
☑northwest
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