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Diversified Healthcare Trust reports news about a healthcare real estate investment trust that owns properties across the United States. The company’s portfolio categories include senior living communities, medical office properties and life science properties, with operating activity organized around its Senior Housing Operating Portfolio and its Medical Office and Life Science Portfolio.
Recurring DHC updates include quarterly financial results, earnings presentations, financial guidance, conference call notices, common-share distributions and dividend tax characterization. Company releases also reference its Maryland REIT structure, Nasdaq-listed common shares of beneficial interest, healthcare-property diversification and management relationship with The RMR Group.
Diversified Healthcare Trust (Nasdaq: DHC) reported its financial results for the first quarter of 2024, available on their website. A conference call discussing the results will be held on May 7, 2024. The press release can be accessed through the provided links.
Diversified Healthcare Trust (DHC) provided an update on the performance of its Senior Housing Operating Portfolio (SHOP) segment. In March 2024, occupancy was 78.8%, a drop of 10 basis points from February 2024 but up 150 basis points from March 2023. Revenue was $103.1 million, up by 0.8% from February 2024 and 9.2% higher than March 2023. Net operating income (NOI) was $7.3 million, down 27.3% from February 2024 but up 68.6% from March 2023. Total SHOP revenues increased on a sequential month basis and by 9.2% year over year due to higher rental rates and occupancy.
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