Diversified Healthcare Tr Stock Price, News & Analysis

Diversified Healthcare Trust (DHC) has secured $94.3 million in mortgage financings backed by six senior housing communities managed by Five Star Senior Living. The financing package includes a $64 million five-year mortgage at 6.57% interest secured by four communities (1,079 units, $171,000/unit value) and a $30.3 million ten-year Fannie Mae mortgage at 6.36% interest secured by two communities (465 units, $142,000/unit value). The proceeds, combined with cash reserves, will fully repay DHC's remaining $100 million 9.75% senior notes due June 2025. Since March 2025, DHC has secured $343 million in total mortgage financings across 27 SHOP communities, with average valuations of $174,000 per unit and 6.55% weighted average interest rate. Management plans to address 2026 note maturities through $330-380 million in asset sales and new financings.

Diversified Healthcare Trust (Nasdaq: DHC) has announced its participation in Nareit's REITweek 2025 Investor Conference in New York. The company's President and CEO Chris Bilotto, along with CFO and Treasurer Matthew Brown, will deliver a presentation on Tuesday, June 3, 2025, at 1:45 p.m. Eastern Time. Investors and interested parties can access a live audio webcast of the presentation through DHC's website, with recommended access 15 minutes before the presentation begins.

Diversified Healthcare Trust (DHC) has announced its first quarter 2025 financial results, which are available on the company's website in the Quarterly Reports section. The company will host a conference call to discuss these results on Tuesday, May 6, 2025, at 10:00 a.m. Eastern Time.

Investors can access the call by dialing (877) 329-4297 from the US and Canada, or (412) 317-5435 from other locations. A replay will be available for one week by calling (877) 344-7529 with pass code 5678342. Additionally, a live audio webcast will be accessible on DHC's website, with an archived version available for replay after the call.

Diversified Healthcare Trust (DHC) has secured a $109 million 10-year fixed-rate mortgage financing through Freddie Mac, backed by seven senior living communities comprising 1,184 units across five states. The loan features a 6.22% fixed interest rate with interest-only payments for the first 5 years and matures on May 1, 2035.

The financed properties, managed by Five Star Senior Living, have an appraised value of $236 million, reflecting a 7.3% cap rate or approximately $199,000 per unit, with a loan-to-value ratio of 47%. DHC plans to use the proceeds to redeem a portion of its 9.750% senior notes due 2025.

Additionally, DHC has secured term sheets with different lenders for approximately $94 million in loans, expected to close by May 2025. These proceeds, combined with the Freddie Mac loan and cash on hand, will provide liquidity to redeem DHC's 2025 senior notes.

Diversified Healthcare Trust (DHC) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual distribution of $0.04 per share. The dividend will be paid to shareholders of record as of April 22, 2025, with the distribution scheduled for May 15, 2025.

Diversified Healthcare Trust (DHC) has scheduled its first quarter 2025 financial results announcement and conference call. The company will release its Q1 2025 results after Nasdaq's closing on Monday, May 5, 2025.

The conference call is set for Tuesday, May 6, 2025, at 10:00 a.m. Eastern Time, featuring key executives: President and CEO Christopher Bilotto, CFO and Treasurer Matthew Brown, and VP Anthony Paula. Investors can join via phone at (877) 329-4297 for US/Canada or (412) 317-5435 for international calls, with no passcode required.

A replay will be available until May 13, 2025, at 11:59 p.m. ET through (877) 344-7529 using passcode 5678342. Additionally, a live audio webcast will be accessible on www.dhcreit.com, with replay available after the call.

Diversified Healthcare Trust (DHC) has closed a $140 million mortgage financing secured by 14 senior living communities across nine states, comprising 1,375 units managed by Five Star Senior Living. The non-recourse loan features:

- Three-year term with March 2028 initial maturity and two one-year extension options
- Variable interest rate: SOFR plus 2.50% margin
- 24-month interest-only payments with two possible six-month extensions
- One-year interest rate cap with 4.50% SOFR strike rate
- 62% loan-to-value ratio
- 7.0% implied capitalization rate ($163,500 per unit)

DHC plans to use proceeds to redeem part of its 9.750% senior notes due 2025. The company expects to close $200 million in additional secured financings within 45 days and currently holds $145 million in cash.

Diversified Healthcare Trust (Nasdaq: DHC) has appointed Alan Felder as an Independent Trustee to its Board of Trustees, effective immediately. Felder brings over 20 years of experience from UBS Investment Bank, where he most recently served as Head of Real Estate, Lodging and Leisure, Americas.

During his tenure at UBS, Felder held various leadership positions, including Head of Private Financing Markets, Americas and Managing Director in the Mergers and Acquisitions Group. Prior to UBS, he worked in investment banking at Donaldson Lufkin & Jenrette, specializing in capital markets and M&A transactions. Felder, a Wharton School graduate, will serve on DHC's Audit Committee. The appointment was facilitated by Korn Ferry, assisting DHC's Nominating and Governance Committee.

Seven Hills Realty Trust (SEVN) has appointed Matthew Brown as Chief Financial Officer and Treasurer, effective March 10, 2025. Brown, currently a Senior Vice President at The RMR Group (RMR), will succeed Fernando Diaz, who is resigning effective March 9, 2025.

Brown brings extensive experience from his tenure at RMR since 2007, where he oversees accounting, finance, and tax operations. As a certified public accountant, he also serves as CFO of Diversified Healthcare Trust (DHC). The company noted that Diaz's departure was not due to any disputes with SEVN, Tremont Realty Capital, or RMR.