Diversified Healthcare Tr Stock Price, News & Analysis

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.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a quarterly cash dividend of $0.01 per common share, amounting to $0.04 annually. The dividend is payable to shareholders of record as of January 24, 2022, and will be distributed on or about February 17, 2022. DHC focuses on owning high-quality healthcare properties in the U.S., with a diversified portfolio valued at over $8.0 billion, including over 390 properties and approximately 28,000 senior living units, managed by The RMR Group (Nasdaq: RMR).

Diversified Healthcare Trust (Nasdaq: DHC) announced a transaction with a global institutional investor, receiving approximately $378 million for a 35% equity interest in its joint venture owning a life science complex in Boston, MA. This deal values the property at about $1.7 billion after accounting for $620 million in secured debt. Proceeds will be used for capital expenditures, reducing debt, and other business purposes. DHC aims to enhance liquidity and leverage through this partnership.

Five Star Senior Living (Nasdaq: FVE) has successfully transitioned operations for 107 senior living communities owned by Diversified Healthcare Trust (Nasdaq: DHC) and exited the skilled nursing business. The company now operates 140 senior living communities with about 20,000 units, focusing on Independent and Assisted Living. CEO Katherine Potter emphasized plans to enhance resident experience and diversify services through the Ageility division. Five Star is also supporting the closure of one remaining community in Delaware.

Diversified Healthcare Trust (Nasdaq: DHC) has transitioned management for 107 communities within its Senior Housing Operating Portfolio to 10 new operators, ahead of schedule. This move aims to enhance performance and value for each community. The transition follows an agreement with Five Star Senior Living Inc. (Nasdaq: FVE) to transfer management responsibilities. DHC's portfolio, valued at $8.2 billion, includes 392 properties and over 27,000 senior living units. However, the success of these transitions and future redevelopment opportunities remains uncertain.

Diversified Healthcare Trust (Nasdaq: DHC) reported significant leasing activity in Q3 2021, with 372,106 square feet leased at average rents 28% higher than prior levels. New management agreements for 107 senior living communities were executed, with 99 transitioned to new third-party managers, expected to complete by year-end. The company faced a net loss of $89.3 million, or $0.38 per share, and a decrease in normal funds from operations (Normalized FFO) to -$9.4 million. DHC's liquidity remains strong with $800 million cash available, despite industry recovery challenges.

Diversified Healthcare Trust (Nasdaq: DHC) announced a quarterly cash dividend of $0.01 per share, translating to $0.04 annually. This dividend will be payable on or about November 18, 2021 to shareholders on record as of October 25, 2021. As of June 30, 2021, DHC's portfolio consists of $8.2 billion in assets across 392 properties nationwide, including 28,000 senior living units. The dividend rate may change based on various financial factors, as determined by the Board of Trustees.

Diversified Healthcare Trust (Nasdaq: DHC) will release its third quarter 2021 financial results after market close on November 3, 2021. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel will take place on November 4, 2021, at 10:00 a.m. Eastern Time. The call can be accessed via a dedicated phone line or online audio webcast available on the company’s website. As of June 30, 2021, DHC's portfolio was valued at $8.2 billion, comprising 392 properties across 36 states and Washington, D.C., housing nearly 600 tenants and totaling approximately 28,000 senior living units.