2023-05-08 16:56:08 ET
- Diversified Healthcare Trust press release ( NASDAQ: DHC ): Q1 FFO of $0.05 beats by $0.02 .
- Revenue of $346.03M (+11.4% Y/Y) beats by $7.66M .
- Leased 72,351 square feet in DHC's Office Portfolio at weighted average rents that were 17.9% higher than prior rents for the same space.
- SHOP occupancy increased 390 basis points to 76.9% and average monthly rates increased by 8.2% year over year, resulting in a 13.9% increase in revenues.
- Leased three wellness centers totaling 224,500 square feet soon after terminating previous leases following tenant defaults.
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Diversified Healthcare Trust FFO of $0.05 beats by $0.02, revenue of $346.03M beats by $7.66M