The bonds are secured by 95 properties, including medical office, life science and triple net leased senior living communities and wellness centers. We have provided additional aggregate information on this portfolio of properties in our quarterly earnings presentation. Chris Bilotto Now turning to the results for the quarter. Normalized FFO for the fourth quarter was $8.1 million or $0.03 per share and included $2.7 million or $0.01 per share of non-cash amortization of the discount associated with the zer ...

Diversified Healthcare (DHC) came out with quarterly funds from operations (FFO) of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to FFO of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -40%. A quarter ago, it was expected that this residential care real estate investment trust would post FFO of $0.07 per share when it actually produced FFO of $0.03, delivering a surprise of -57.14% ...

SIFIED THCARE Diversified Healthcare Trust Fourth Quarter 2023 Financial Results and Supplemental Information February 26, 2024 Table of Contents | FINANCIAL RESULTS | Diversified Healthcare Trust Announces Fourth Quarter 2023 Financial Results . | | | --- | --- | --- | | | Fourth Quarter 2023 Highlights | | | | Fourth Quarter 2023 Results 2020 Results 2012 Results of the subscribed on the country of the county of the county of | | | FINANCIALS | Key Financial Data | | | | Condensed Consolidated Balance She ...

Senior Living and Healthcare Operations - As of December 31, 2023, Five Star Senior Living managed 119 senior living communities, while 113 communities were managed by other third-party managers[36] - The company expects continued volatility in labor, insurance, and food costs within its Senior Housing Operating Portfolio (SHOP) segment[38] - Substantially all of the company's net operating income (NOI) from senior living communities in 2023 was generated from properties where a majority of revenues are derived from tenants' and residents' private resources, with only a small amount dependent on Medicare and Medicaid programs[69] Acquisitions and Investments - The company acquired approximately 34.0% of AlerisLife common shares for a total purchase price of $14.9 million, with ABP Trust retaining the remaining 66.0%[54] - The company owns a 10% equity interest in a life science property joint venture in Boston and a 20% equity interest in a joint venture for 10 medical office and life science properties[56] - The company's acquisition strategy focuses on income generation and appreciation potential, with a preference for properties with strong market fundamentals and high credit quality tenants[41][45] - The company may invest in joint ventures, mortgages, and other real estate interests, including participating or convertible mortgages[56] Regulatory and Compliance Risks - The senior living and healthcare industries are subject to extensive federal, state, and local regulations, which could impact the company's tenants and property values[63] - The company and its tenants face increasing scrutiny and enforcement actions from federal and state authorities, including audits, fines, and potential license revocations, which could impact profitability and property values[66][68] - Medicare and Medicaid rate adjustments may not compensate for increased costs incurred by tenants and managers, potentially affecting rent payments and profitability[74] - The company and its tenants must comply with HIPAA and state privacy laws, with potential penalties of up to $7,500 per violation under the California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA)[80] - The ACA has increased penalties for healthcare fraud offenses by 20% to 50% for cases involving more than $1.0 million, with heightened enforcement efforts targeting false claims and abuse[75] - CMS issued a final rule effective January 16, 2024, requiring SNFs and Medicaid-participating nursing facilities to disclose additional ownership and management data to increase transparency[83] Financial and Capital Management - The company plans to selectively sell properties to manage leverage, improve liquidity, and strategically update its investment portfolio[46] - The company may seek additional capital through debt financing, equity offerings, or property sales, with proceeds used for distributions, investments, or refinancing[58] - The company's REIT status requires compliance with complex tax regulations, and failure to qualify could result in significant tax liabilities and reduced shareholder distributions[298] - The company may face tax liabilities that reduce cash flow, including federal, state, and local taxes on income and assets, potentially increasing income tax expense[304] - The company may pay distributions to shareholders in forms other than cash, such as issuing additional common shares, to preserve liquidity[310] Debt and Interest Rate Exposure - The company's fixed rate debt as of December 31, 2023, totals $3,049,643 thousand, with annual interest expense of $130,275 thousand[470] - A 1% change in interest rates for refinancing fixed rate debt (excluding senior secured notes due 2026) would impact annual interest cost by approximately $21.1 million[470] - The company has no floating rate debt obligations as of December 31, 2023, and February 21, 2024, after repaying its secured credit facility in December 2023[473] - The company may enter into hedge arrangements or derivative contracts in the future to mitigate exposure to interest rate changes[469] - The company's debt agreements allow for early repayments, often at a premium, which could help mitigate refinancing risks at higher rates[472] - The fair value of the company's fixed rate debt is affected by market interest rate changes, with increases in rates decreasing the fair value and vice versa[471] - The company's subsidiary guarantors may be released from their guarantees under certain conditions, such as a sale or transfer of assets, or if the notes achieve specific credit ratings[322] Environmental and Sustainability Initiatives - The company's real-time energy monitoring (RTM) program has captured 22 properties, generating $3.9 million in cumulative savings, with $0.9 million saved in 2023[94] - 23 office portfolio properties have LEED designations, covering 2.2 million rentable square feet (22.5% of properties and 25.6% of rentable square feet)[95] - 25 properties have ENERGY STAR certifications, covering 3.1 million square feet (11.2% of eligible properties and 15.1% of rentable square feet)[96] - The company's manager, RMR, has committed to achieving net zero emissions by 2050, with a 50% reduction target by 2030 from a 2019 baseline for Scope 1 and 2 emissions[93] - Environmental sustainability strategies focus on reducing carbon emissions, energy consumption, and water usage to lower operating costs and enhance competitiveness[92] Competition and Market Risks - The company faces competition from other REITs, financial institutions, and private companies, with competitors often having greater financial resources[86] - The company may incur significant costs due to adverse weather, natural disasters, and climate change impacts, with potential losses not fully covered by insurance[100] - Ownership of real estate exposes the company to environmental liabilities, including cleanup costs for hazardous substances and compliance with environmental laws[98] Workforce and Management - The company relies on its manager, RMR, for workforce management, including hiring, training, and development, to meet business and sustainability goals[102] COVID-19 and Government Aid - The company recognized $1.6 million in funds from CARES Act, ARPA, and state programs as interest and other income for the year ended December 31, 2023, meeting required terms and conditions[72] - The CARES Act provided $2.0 trillion in aid to address the financial impact of the COVID-19 pandemic, including support for healthcare providers[70] Cybersecurity and Privacy Risks - The company and its tenants face ongoing cybersecurity risks, with increasing regulatory focus on ransomware and other cyberattacks[79]

In the latest trading session, Diversified Healthcare (DHC) closed at $3.01, marking a +1.69% move from the previous day. This change outpaced the S&P 500's 0.6% loss on the day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.92%.The residential care real estate investment trust's shares have seen an increase of 2.07% over the last month, not keeping up with the Finance sector's gain of 3.63% and the S&P 500's gain of 3.56%.The investment community will be closely monitoring the performan ...

Diversified Healthcare (DHC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this residential care real estate investment trust have returned -6.3% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks REIT and Equity Trust - Other industry, to which Diversified Healthcare belongs, has lost 3.7% over this period. Now the key que ...

Diversified Healthcare (DHC) closed the latest trading day at $2.58, indicating a -0.77% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.82%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.95%.The the stock of residential care real estate investment trust has fallen by 14.75% in the past month, lagging the Finance sector's gain of 1.02% and the S&P 500's gain of 5.59%.The upcoming earnings release of Diversified Healthcare w ...

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment. Monthly Unaudited Results in DHC’s Total SHOP Comparable Properties: December 2023 occupancy was 80.0%, 580 basis points below December 2019, and 10 basis points below November 2023. December 2023 Resident Fees and Services revenue was $96.0 million, $6.4 million, or 6.2%, below December 2019, and $1.4 million, ...

Diversified Healthcare (DHC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this residential care real estate investment trust have returned -17.9% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks REIT and Equity Trust - Other industry, to which Diversified Healthcare belongs, has lost 3.6% over this period. Now the key question is: Whe ...

Diversified Healthcare Trust (NASDAQ:DHC) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Melissa McCarthy - Manager of Investor Relations Jennifer Francis - President and Chief Executive Officer Matt Brown - Chief Financial Officer and Treasurer Conference Call Participants Bryan Maher - B. Riley FBR Operator Good morning, everyone, and welcome to the Diversified Healthcare Trust Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please also note today's ...