{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-074778","form_type":"8-K","ticker":"DHC","cik":"0001075415","company_name":"DIVERSIFIED HEALTHCARE TRUST","filed_at":"2023-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.866210+00:00","generated_at":"2026-06-13T16:50:04.460555+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"DHC: May SHOP NOI $5.8M, down 36% from Apr; debt covenant compliance unlikely before mid-2024","bullets":["May 2023 SHOP occupancy 78.1%, NOI $5.8M ($11.1M below May 2019), NOI margin 6.3%.","Debt incurrence covenant: needs $81.3M additional income to reach 1.5x coverage; not complied for over 2 years.","SHOP NOI Jan-May 2023 averaged $6.5M/month vs. $16.4M/month needed by Sept 2023 to refinance $450M Jan 2024 debt.","Company believes earliest covenant compliance mid-2024 after $700M debt matures; significant risk it may never comply.","DHC reiterates merger with Office Properties Income Trust as best path; combined company will be covenant-compliant immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-074778","json":"https://secwatch.observer/filing/0001104659-23-074778.json","markdown":"https://secwatch.observer/filing/0001104659-23-074778.md","text":"https://secwatch.observer/filing/0001104659-23-074778.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075415/000110465923074778/0001104659-23-074778-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075415/000110465923074778/tm2319674d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:50:04.460555+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}