Diversified Healthcare Tr Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) recently announced new management agreements with Navion Senior Solutions for five assisted living communities in South Carolina and Omega Senior Living for one community in Nebraska. This brings the total to approximately 96% of communities transitioning from Five Star Senior Living to new operators. DHC is expected to finalize all management transitions by year-end 2021. The company's portfolio includes 392 properties and 28,000 senior living units, valued at $8.2 billion as of June 30, 2021.

Diversified Healthcare Trust (Nasdaq: DHC) announced the addition of five assisted living communities in Wisconsin, comprising 300 units, to its management agreement with Cedarhurst Senior Living. Additionally, a new management agreement was established with IntegraCare for two communities in Pennsylvania totaling 182 units. This brings the total to approximately 91% of the 108 senior living communities being transitioned from Five Star Senior Living (Nasdaq: FVE). DHC expects to complete all transitions by the end of the year.

Diversified Healthcare Trust (Nasdaq: DHC) has entered into a management agreement with Northstar Senior Living for seven communities, representing 422 units in California and Arizona. This marks a significant transition, with around 84% of the 108 communities moving from Five Star Senior Living to new operators. DHC reported a 74.7% occupancy rate in August for the 120 communities managed by Five Star, up 100 basis points from July. The company aims to complete all transitions by year-end 2021, although challenges remain in securing operators for the remaining communities.

Five Star Senior Living (FVE) reported a significant increase in occupancy rates across its owned and managed communities for August, with owned communities reaching 73.7%, a 320 basis point rise from July. The transition of smaller communities to new operators is underway, with 62 of 108 transitions completed. All employees are now compliant with COVID-19 vaccination requirements. This progress aligns with their strategic plan focusing on larger, higher-performing communities, enhancing their rehabilitation and wellness services.

Diversified Healthcare Trust (Nasdaq: DHC) has entered a management agreement with Cedarhurst Senior Living for eight healthcare communities in Illinois, comprising 486 units. This agreement represents approximately 78% of the total transitioning communities, as DHC shifts management from Five Star Senior Living (Nasdaq: FVE). The company anticipates completing the transition of all 108 communities by the end of the year. DHC's portfolio, valued at $8.2 billion, consists of 392 properties across 36 states.

Diversified Healthcare Trust (DHC) reported its financial results for Q2 2021, revealing a normalized FFO per share of $0.05 and an adjusted EBITDAre of $87.8 million, marking improvements from Q1 2021. The company continued transitioning 108 senior living communities from Five Star Senior Living to new management, with 70% of the transitions already executed. DHC's Office Portfolio segment saw record leasing activity, completing 632,000 square feet of leases at 5.9% higher GAAP rents. However, the company reported a net loss of $34.2 million for the quarter, primarily impacted by COVID-19.

Diversified Healthcare Trust (Nasdaq: DHC) has entered a management agreement with Stellar Senior Living for nine skilled nursing and one continuing care retirement community across Colorado, Texas, and Wyoming, totaling 1,152 units. This marks a significant shift as DHC transitions approximately 70% of its Senior Housing Operating Portfolio from Five Star Senior Living. Additionally, DHC plans to close 1,500 skilled nursing units to enhance resident experiences and has begun selling 10 skilled nursing bed licenses, part of a broader plan to divest 542 licenses in compliant states.

Diversified Healthcare Trust (Nasdaq: DHC) has announced three new management agreements covering 66 communities with 4,084 units in its Senior Housing Operating Portfolio. Operators include Charter Senior Living, Oaks-CaraVita Senior Care, and Phoenix Senior Living, transitioning approximately 61% of DHC's SHOP communities from Five Star Senior Living. These agreements, typically five years, aim to align interests and incentivize performance for a faster recovery post-COVID-19. As of March 31, 2021, DHC's portfolio comprises $8.2 billion in assets across 396 properties.

Diversified Healthcare Trust (Nasdaq: DHC) announced a quarterly cash distribution of $0.01 per common share, equating to $0.04 per year. This dividend will be paid to shareholders on record as of July 26, 2021, with payment expected around August 19, 2021. DHC's portfolio includes $8.2 billion in assets, comprising 396 properties across the U.S., with over 600 tenants and approximately 11.2 million square feet of healthcare facilities.