DHC reports Q3 net loss $0.34/share; Normalized FFO ($0.06); SHOP NOI down 58% QoQ

DIVERSIFIED HEALTHCARE TRUST

2022-Q3 EPS reported $0.21 revenue$946,681,000

Net loss attributable to common shareholders of $81.5M ($0.34 per share); Normalized FFO per share ($0.06).
Same property Cash Basis NOI: Office +4.7% YoY; SHOP -26.7% YoY, with Hurricane Ian adding $4.1M in operating expenses.
SHOP average occupancy rose 110 bps QoQ to 74.7%; Office occupancy declined to 85.9% from 88.1% QoQ.
Acquired a CA life science property for $82.0M; ended quarter with $800.8M cash and no significant maturities until 2024.
Executed 221k sq ft of Office leases at 2.4% roll-up; SHOP occupancy reached 75.8% in Sep 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIVERSIFIED HEALTHCARE TRUST reported financial results for the quarter and nine months ended September 30, 2022.

Period: the quarter and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Diversified Healthcare Trust, or the Company, issued a press release regarding the Company’s results of operations and financial condition for the quarter and nine months ended September 30, 2022

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

DIVERSIFIED HEALTHCARE TRUST filing history →

Source: SEC EDGAR

accession 0001075415-22-000030

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