secwatch.observer — SEC 8-K summary
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Issuer:     DIVERSIFIED HEALTHCARE TRUST (DHC)
CIK:        0001075415
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001104659-23-063424
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DHC SHOP occupancy 78% in Apr, still 860 bps below 2019; CEO cites $700M debt maturity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075415/000110465923063424/0001104659-23-063424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075415/000110465923063424/tm2316470d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063424

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