Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants. The SHOP segment manages senior living communities that offers short term and long term residential care, and other services for residents where it pay fees to the operator to manage the communities for its account. The company was founded on December 16, 1998 and is headquartered in Newton, MA.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

DHC reports improved Q4 performance, eyes asset optimization

DHC shows improved performance with normalized FFO in Q4 2022.
Operators focus on strengthening employee base and property portfolio.
Challenges in expenses and capital spending addressed for growth.
Opportunities lie in SHOP segment recovery and asset optimization.

DHC reports improved Q1 earnings, focuses on merger benefits

DHC's Q1 2023 earnings call highlighted improved financial performance, particularly in normalized FFO and NOI. The planned merger with OPI is expected to address challenges and unlock opportunities for enhanced financial stability. Concerns around debt covenants and liquidity were acknowledged, emphasizing the importance of strategic decisions moving forward.

DHC reports Q2 FFO growth, faces cost pressures and merger opportunities

DHC's Q2 performance showed improvements in FFO driven by the SHOP segment.
Challenges included cost pressures, debt covenant compliance, and CapEx delays.
Opportunities lie in the merger with OPI, operational enhancements, and strategic CapEx management.

DHC reports Q3 growth, navigates post-merger challenges with strategic moves

DHC's Q3 performance showed revenue growth and a focus on strengthening financial metrics and strategic positioning.
The company faces challenges in maintaining NOI for the office portfolio and navigating post-merger agreement termination implications.
Strategies like asset sales, credit facility extensions, and NOL preservation present opportunities for financial enhancement and growth.
Engagement of B. Riley Securities underscores proactive financial management and potential for strategic capital decisions.

DHC reports robust Q4 earnings, eyes growth in SHOP segment

DHC's Q4 2023 earnings call highlighted strong financial performance, strategic investments, and plans for portfolio optimization. While facing challenges in property sales and occupancy growth, the company is well-positioned to leverage opportunities in its SHOP segment and office portfolio. Investors should monitor DHC's progress in executing its growth strategies.

Diversified Healthcare Trust exceeds Q2 expectations, reaffirms growth guidance

DHC's Q2 2024 performance showcased robust financial results, driven by strong SHOP segment growth and operational improvements across key segments, reflecting effective strategic execution.
The company's focus on enhancing NOI through property rationalization, renovations, and strategic sales underscores its commitment to maximizing shareholder value and capitalizing on market opportunities.
While challenges such as market uncertainties and operational complexities persist, DHC's solid liquidity position, reaffirmed guidance, and proactive initiatives position it well to navigate challenges and pursue growth.
By leveraging strengths in operational performance, strategic initiatives, and financial management, DHC has the potential to capitalize on opportunities, drive sustained growth, and deliver long-term value to investors.

DHC addresses SHOP challenges, focuses on resilience and growth opportunities

DHC navigated challenges in its SHOP segment while focusing on normalized FFO and financial guidance adjustments.
The company demonstrated resilience in managing cost increases and addressing hurricane impacts effectively.
Strategic initiatives and proactive approaches towards refinancing strategies were key highlights.
Opportunities in optimizing NOI recovery and leveraging growth areas were emphasized.

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Diversified Healthcare (DHC) delivered FFO and revenue surprises of -33.33% and -0.27%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Diversified Healthcare (DHC) Misses Q1 FFO and Revenue Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2021. “We are pleased that the COVID-19 vaccination clinics at our managed senior living communities are complete and we believe that the successful rollout of the vaccines was a catalyst for occupancy to begin to stabilize in February and March,” stated Jennifer Francis, President and Chief Operating Officer of Diversified Healthcare Trust. “At the co

Diversified Healthcare Trust Announces First Quarter 2021 Results

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Diversified Healthcare Trust looks to be a solid value prospect at first glance.

Diversified Healthcare Trust: A Potential Falling Knife

Five Star Senior Living

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has agreed to amend its management arrangements with Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, for DHC's senior housing operating portfolio, or SHOP, communities. The principal changes to the management arrangements include: Five Star will cooperate with DHC in transitioning 108 senior living communities with approximately 7,500 living units to other operators without payment of an

Diversified Healthcare Trust Agrees to Amend Management Agreements with Five Star Senior Living Inc.

NEWTON, Mass,--(BUSINESS WIRE)--Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, today announced a new strategic plan to reposition its senior living management business to focus on larger independent living, assisted living and memory care communities as well as stand-alone active adult and independent living communities. As part of the implementation of this new plan, Five Star will be amending its management arrangements with Diversified Healthcare Trust (Nasdaq: DHC), or DHC, to al

Five Star Senior Living Announces New Strategic Plan Which Will Reposition Senior Living Management Business and Completely Exit the Skilled Nursing Business

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2021 financial results after the Nasdaq closes on Wednesday, May 5, 2021. On Thursday, May 6, 2021 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participa

Diversified Healthcare Trust First Quarter 2021 Conference Call Scheduled for Thursday, May 6th

Diversified Healthcare Trust (DHC) Management on Q4 2020 Results - Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2020. “The commencement of vaccine distribution in December of 2020 marked a major milestone in the early stages of the senior living industry recovery,” stated Jennifer Francis, President and Chief Operating Officer of Diversified Healthcare Trust. “As of February 20, 2021, we are pleased that our operator has vaccinated over 23,500 total residents

Diversified Healthcare Trust Announces Fourth Quarter 2020 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has priced an underwritten public offering of $500 million of 4.375% Senior Notes due 2031, guaranteed by certain of DHC's subsidiaries. The settlement of this offering is expected to occur on February 8, 2021, subject to customary closing conditions. DHC expects to use the net proceeds from this offering for general business purposes, including to redeem the $300 million principal amounts outstan

Diversified Healthcare Trust Prices $500 Million of 4.375% Senior Notes due 2031

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today provided certain business updates regarding the ongoing impacts of the COVID-19 pandemic on DHC's business and operating results. Five Star Senior Living Inc. (Nasdaq: FVE), DHC's senior housing operating portfolio, or SHOP, segment operator has partnered with CVS to administer vaccines to SHOP community residents and staff, which commenced in December 2020. DHC expects vaccination clinics for SHOP community reside

Diversified Healthcare Trust Provides Business Updates and Announces Amendments to Credit Facilities

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2020 financial results after the Nasdaq closes on Wednesday, February 24, 2021. On Thursday, February 25, 2021 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Jennifer Francis and Chief Financial Officer and Treasurer Richard Siedel will host a conference call to discuss these results. The conference call telephone number i

Diversified Healthcare Trust Fourth Quarter 2020 Conference Call Scheduled for Thursday, February 25th

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows: Common Shares   Dividend Allocation   Per Share Section Total Unrecaptured Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/01/20 01/01/20 01/01/20 $0.25 $0.00 $0.00 $0.00 $0.00 $0.00

Diversified Healthcare Trust Announces 2020 Dividend Allocation

We made a strong bull case for Diversified Healthcare Trust based on vaccine deployment. The stock was a far higher risk play and did not offer any dividends worth speaking about, but the NAV made the bull case.

Diversified Healthcare Trust: Dispositions Will Be Key To 2021 Returns

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Operating Officer Jennifer Francis and Chief Financial Officer Richard Siedel will be participating in meetings at the Capital One Securities REIT Conference held virtually on Tuesday, January 12, 2021. Any institutional investors interested in meeting with DHC should contact Tara Marasco Smith at tara.marasco@capitalone.com. Diversified Healthcare Trust (Nasdaq: DHC) is a real es

Diversified Healthcare Trust Attending Capital One Securities REIT Conference on Tuesday, January 12th

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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) is pleased to announce that U.S. News and World Report, the global authority in health care rankings, has recognized 30 communities within DHC's Senior Housing Operating Portfolio (SHOP) segment in its annual list of “Best Nursing Homes”. The list of the country's best short-term rehabilitation and long-term care facilities reflects comprehensive information about care, health inspections and staffing, as well as other f

Diversified Healthcare Trust Communities Receive National Recognition

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Operating Officer Jennifer Francis, Chief Financial Officer and Treasurer Richard Siedel will be presenting at Nareit's REITworld: 2020 Virtual Investor Conference on Tuesday, November 17, 2020 at 1:45 p.m. Eastern Time. To access the Company's live presentation, please complete the complimentary registration for the conference at the following link: Nareit's REITworld Registratio

Diversified Healthcare Trust to Present at Nareit's REITworld: 2020 Virtual Investor Conference on Tuesday, November 17th

Diversified Healthcare Trust (DHC) on Q3 2020 Results - Earnings Call Transcript

Diversified Healthcare (DHC) delivered FFO and revenue surprises of -50.00% and -0.31%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Diversified Healthcare (DHC) Q3 FFO and Revenues Miss Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter and nine months ended September 30, 2020. "While the senior living industry continues to experience significant challenges as a result of the COVID-19 pandemic, the stability of our medical office and life sciences portfolio and the steps we took earlier in the year to enhance liquidity put us in a strong position to withstand the effect of the pandemic," stated Jenni

Diversified Healthcare Trust Announces Third Quarter 2020 Results

Diversified Healthcare Trust has suffered, thanks to its senior housing exposure. While the company is struggling on that front, its medical offices and life sciences buildings offset the entire debt structure and then some.

Diversified Healthcare Trust: Maximal Leverage To Vaccine Deployment

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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) has completed the previously announced sale of four assets for a combined sales price of approximately $53 million. These sales include: A portfolio of three senior living communities with a combined 239 units located in Washington and Montana for $46 million. A 78,747 square foot medical office property located in Hattiesburg, MS for approximately $7.3 million. These sales were part of DHC's previously announced disposi

Diversified Healthcare Trust Completes the Sale of Four Assets for a Combined Sales Price of Approximately $53 Million

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