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home / news releases / DHC - Diversified Healthcare Trust FFO of -$0.09 misses by $0.07 revenue of $310.73M misses by $6.31M

DHC - Diversified Healthcare Trust FFO of -$0.09 misses by $0.07 revenue of $310.73M misses by $6.31M

Diversified Healthcare Trust
Diversified Healthcare Trust press release (NASDAQ:DHC): Q1 FFO of -$0.09 misses by $0.07. Revenue of $310.73M (-14.3% Y/Y) misses by $6.31M. "During the first quarter, we reported strong sequential quarter NOI growth in our same property SHOP segment, largely driven by increases in rate. In addition, leasing results in our Office Portfolio have remained resilient and are helping to support the overall recovery of our business as the effects of the COVID-19 pandemic wane. Additionally, we generated $653 million of cash in the first quarter through a new joint venture with 10 Office Portfolio properties, bringing our total cash position to approximately $1.5 billion at quarter end," president & CEO Jennifer Francis commented.

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Diversified Healthcare Trust FFO of -$0.09 misses by $0.07, revenue of $310.73M misses by $6.31M
Stock Information
Company Name: Diversified Healthcare Trust
Stock Symbol: DHC
Market: NASDAQ
Website: dhcreit.com
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