secwatch.observer — SEC 8-K summary
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Issuer:     DIVERSIFIED HEALTHCARE TRUST (DHC)
CIK:        0001075415
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001075415-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DHC Q4 2022: net loss $0.27/sh, normalized FFO $0.03/sh, SHOP occupancy up 380bps
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- Net loss attributable to common shareholders of $65.3M ($0.27 per share); Normalized FFO of $0.03 per share.
- SHOP segment occupancy improved 380 bps YoY to 76.3%; revenues up 14.2% YoY.
- Same property SHOP Cash Basis NOI surged 404.7% YoY to $9.9M; office same property NOI declined 0.9%.
- Credit facility amended: fixed charge coverage ratio covenant waived through Jan 2024; commitments reduced to $450M after $136.4M repayment.
- Office portfolio occupancy fell to 84.7% from 91.3% a year ago; new leases signed at 8.9% higher rents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075415/000107541523000006/0001075415-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075415/000107541523000006/dhc-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001075415-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer