Investor Presentaiton

Proportionate Share Basis Proportionate Share Basis reflects net income (losses) from equity accounted joint ventures and Vital Trust on a proportionately consolidated basis at the REIT's ownership percentage. Management believes this is relevant in representing the REIT's incomes, expenses, assets and liabilities in proportion to its investment interest. Proportionate Share Basis is a non-IFRS measure. Using Net Operating Income (year ended 31 December), a worked example of the IFRS to Proportionate bridge is shown below. Summary of Adjustments Consolidated C$ Millions (IFRS Reported) Remove Vital Trust NCI Convert JV's to Proportionate Reverse Consolidated Elims Proportionate Consolidation Net Operating Income 386.6 (86.6) 38.3 (2.1) 336.1 A summary of the Proportionate Share Basis for joint ventures and Vital Trust is shown below: ■ Vital Trust: ~28.6% European JV: ~31.7% ▪ Australian JV: ~30.0% Source: Q4 2023 Supplemental & Q4 2023 MD&A ☑northwest St. John of God Specialist Centre, Berwick NWH REIT | Q4 2023 FINANCIAL RESULTS PRESENTATION | 31

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