other material
confidence high
sentiment negative
materiality 0.70
DHC SHOP occupancy 78% in Apr, still 860 bps below 2019; CEO cites $700M debt maturity
DIVERSIFIED HEALTHCARE TRUST
- April SHOP occupancy 78.0%, 860 bps below April 2019, 40 bps above March 2023.
- April SHOP NOI $9.0M, $10.1M below April 2019, but $4.6M above March 2023.
- Year-to-date April SHOP NOI margin 7.1%, 1,170 bps below 2019 YTD.
- CEO states recovery 'inconsistent' and $700M debt maturing in 12 months makes merger with Office Properties Income Trust best path.