The Globe and Mail reports in its Thursday, Sept. 5, edition that National Bank Financial analyst Giuliano Thornhill has reiterated his "sector perform" recommendation and $5.50 unit target for Northwest Healthcare REIT. The Globe's David Leeder writes that analysts on average target the units at $5.71. Mr. Thornhill says in a note: "[Northwest] has divested $1.6-billion in assets across geographies and lowered leverage by $1.2-billion. Going forward, the biggest pain point for Northwest's outlook are its $125-million series G convert maturing March 2025, which has already been extended and is the highest costing debt within its capital stack (10 per cent). When accounting for an additional $180-million in dispositions within North America, proceeds from unit sales, and assuming lenders will be helpful regarding maturing lines/debt, we see Northwest being in a liquidity position to address current maturities. Looking out to next year, we estimate leverage metrics to be positively trending toward levels, albeit lower, near our coverage universe." Mr. Thornhill thinks Northwest will get "interesting" for investors following the conclusion of the last batch of financing, which is currently under negotiations.