Diversified Healthcare Tr Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) reported its Q1 2022 financial results, with net income of $240.4 million ($1.01 per share) and normalized FFO of $(21.9) million ($(0.09) per share). The company achieved a $327.5 million gain from a joint venture involving 10 Office Portfolio properties, adding $653 million in cash. Occupancy improved in the SHOP segment, reaching 73.0%. However, the Office Portfolio experienced declining occupancy rates, and DHC's liquidity ratio fell below the 1.5x requirement for incurring new debt. Cash and equivalents totaled approximately $1.5 billion.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a quarterly dividend of $0.01 per common share, translating to $0.04 annually. This distribution will be paid on or about May 19, 2022 to shareholders on record as of April 25, 2022. DHC, with over $6.7 billion in healthcare properties across 36 states and Washington, D.C., focuses on diversified healthcare services, including over 100 life science and medical office properties and over 27,500 senior living units.

Diversified Healthcare Trust (Nasdaq: DHC) will release its first quarter 2022 financial results after market close on May 3, 2022. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel is scheduled for May 4, 2022, at 10:00 a.m. ET. Investors can participate by calling (877) 329-4297 or (412) 317-5435 for international calls. A replay of the call will be available until May 11, 2022. DHC owns over $6.7 billion in healthcare properties across 36 states and Washington, D.C., comprising more than 27,500 senior living units.

Diversified Healthcare Trust (Nasdaq: DHC) announced the election of David A. Pierce as an Independent Trustee, expanding its Board to seven members. The Board now comprises 71% independent members, with 29% women and 14% representing underrepresented communities. Mr. Pierce brings over 30 years of healthcare experience, previously serving as Executive VP at Boston Scientific. DHC invests in healthcare properties worth over $6.6 billion across 36 states and Washington, D.C., with a diverse portfolio including life sciences and senior living units.

Diversified Healthcare Trust (Nasdaq: DHC) reported financial results for Q4 2021, highlighting a net income of $365.6 million ($1.54/share) and a gain on property sales of $461.4 million. The company raised over $1 billion from joint ventures and completed the transition of 107 senior living communities to new operators. However, the normalized funds from operations (FFO) were negative at $(16.5) million. DHC maintained strong occupancy rates in its Office Portfolio at 91.3% but faced significant declines in the Same Property Cash Basis NOI for its SHOP segment, down 63.3% year-over-year.

Diversified Healthcare Trust (Nasdaq: DHC) has announced an amendment to its revolving credit facility, extending the maturity date to January 2024. Key changes include:

• Extension of waivers for certain financial covenants until December 31, 2022.
• Increased ability to fund capital expenditures from $350 million to $400 million.
• Reduction of revolving credit facility commitments from $800 million to $700 million, with a further decrease to $586 million in January 2023.
• Interest rate premium raised by 15 basis points.

DHC has announced a joint venture worth $703 million involving 10 properties in its Office Portfolio, acquiring around $653 million in cash proceeds while maintaining a 20% equity stake. The properties, with a total area of 1.1 million square feet, were sold at $657 per square foot, resulting in an expected gain on sale of about $320 million. The funding will be used for capital expenditures and debt reduction. This venture is managed by The RMR Group, reinforcing DHC's operational liquidity.

Diversified Healthcare Trust (Nasdaq: DHC) will release its fourth quarter 2021 financial results on February 23, 2022, after market close. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel is scheduled for February 24, 2022, at 10:00 a.m. ET. Participants can join via a designated phone number or listen online through the company website. DHC focuses on high-quality healthcare properties across the U.S., with a portfolio worth over $7.0 billion, including 390 properties and nearly 28,000 senior living units.

Diversified Healthcare Trust (Nasdaq: DHC) released its dividend characterization for 2021 tax reporting. Shareholders will see a total dividend allocation of $0.04 per share, categorized as part of ordinary income, with no amounts designated as qualified dividends or capital gains. Important dates include a declaration date of January 14, 2021, and a payable date of February 18, 2021. The company, managing over $7.0 billion in healthcare properties across the U.S., continues to be guided by The RMR Group, which oversees more than $32 billion in assets.