Diversified Healthcare Tr Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) announced the results of its 2021 Annual Meeting of Shareholders. Key outcomes include the appointment of Jennifer F. Francis as President and CEO, following her role as President and COO since 2018. Lisa Harris Jones was elected as an Independent Trustee with 71.1% of votes, while Francis received 87.1% as Managing Trustee. Shareholder approval for executive compensation was 89.9%, and Deloitte & Touche LLP was ratified as independent auditors with 99.3% support. DHC’s portfolio comprises 396 properties across 36 states, valued at $8.2 billion.

Diversified Healthcare Trust (Nasdaq: DHC) will present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 8, 2021, at 3:45 p.m. Eastern Time. The presentation will feature President and COO Jennifer Francis and CFO Richard Siedel. Interested participants can register for the conference online. DHC, a real estate investment trust focusing on healthcare properties, has a portfolio valued at $8.2 billion, encompassing 396 properties across 36 states, with over 29,000 senior living units and 11.2 million square feet of life science and medical office properties.

Diversified Healthcare Trust (DHC) reported a net loss of $67.5 million for Q1 2021, equating to $0.28 per share. Despite challenges, over 96% of residents received COVID-19 vaccinations, stabilizing occupancy rates. The company transitioned 108 senior living communities to new operators to enhance profitability. The Office Portfolio segment showed improved NOI growth over the last two quarters. However, Same Property Cash Basis NOI declined by 40.6% compared to last year, primarily due to pandemic impacts. DHC maintains liquidity with $1.2 billion in cash and cash equivalents.

Diversified Healthcare Trust (Nasdaq: DHC) announced a quarterly cash distribution of $0.01 per common share, totaling $0.04 annually. This dividend will be paid to shareholders on record as of April 26, 2021, with distribution expected around May 20, 2021. DHC focuses on owning quality healthcare properties across the U.S. and is managed by The RMR Group Inc. The company emphasizes diversification across healthcare services and property types.

Diversified Healthcare Trust (Nasdaq: DHC) announced amendments to its management agreements with Five Star Senior Living (Nasdaq: FVE). Key changes include transitioning 108 senior living communities to new operators without termination fees and maintaining Five Star's management of 120 communities. DHC's performance termination rights for these communities will adjust in 2025, allowing up to 10% termination without fees. The management agreement term is extended to December 31, 2036. DHC aims to improve operational performance through these changes, particularly in smaller communities.

Diversified Healthcare Trust (Nasdaq: DHC) will release its first quarter 2021 financial results after market close on May 5, 2021. A conference call with President Jennifer Francis and CFO Richard Siedel is scheduled for May 6, 2021, at 10:00 a.m. Eastern Time to discuss the results. Participants can dial in using (877) 329-4297 or (412) 317-5435 for international calls. A live audio webcast will also be available on the company’s website, with a replay accessible until May 13, 2021.

DHC is a REIT focused on high-quality healthcare properties, with an $8.2 billion portfolio across 36 states.

Diversified Healthcare Trust (Nasdaq: DHC) reported its financial results for Q4 2020, highlighting a net loss of $16.2 million ($0.07 per share) and normalized funds from operations of $20.5 million ($0.09 per share). The company noted improvements in its Office segment with 99% rent collection, while the SHOP segment experienced a decline in occupancy, averaging 72.2%. DHC has vaccinated over 23,500 residents and staff, and took steps to improve liquidity by amending credit facilities and issuing $500 million in senior notes, addressing significant maturities through 2024.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a public offering of $500 million in 4.375% Senior Notes due in 2031. The settlement is expected on February 8, 2021. Proceeds will be used primarily to redeem $300 million of the 6.75% Senior Notes due 2021 and to prepay a $200 million term loan. DHC’s portfolio includes 407 healthcare properties across the U.S., totaling about 11.6 million square feet and over 30,000 living units. The offering is subject to customary closing conditions.