DHC - Diversified Healthcare Trust FFO of -$0.04 misses by $0.03 revenue of $313.03M misses by $4.66M
- Diversified Healthcare Trust press release ( NASDAQ: DHC ): Q2 FFO of -$0.04 misses by $0.03 .
- Revenue of $313.03M (-9.6% Y/Y) misses by $4.66M .
- "Second quarter results demonstrated the continued and encouraging recovery of our senior living portfolio. In our SHOP communities, occupancy improved 60 basis points while NOI increased by $6.3 million from the first quarter, primarily fueled by our operators' ability to increase rate. Office Portfolio leasing activity was strong with a 9.1% roll up from prior rents on 263,000 square feet of leasing. On a sequential basis, same property Office Portfolio cash basis NOI increased 2.4% and overall improvement in our portfolios' results drove a 23.3% increase in adjusted EBITDA."
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Diversified Healthcare Trust FFO of -$0.04 misses by $0.03, revenue of $313.03M misses by $4.66M