Diversified Healthcare Trust Stock News

REITs extended their winning streak into August with a +2.11% average total return and are now +6.97% thus far in 2024. Large cap (+5.27%), mid-cap (+3.51%) and small cap REITs (+0.84%) averaged gains in August. Micro caps (-3.03%), however, finished August in the red. 68.39% of REIT securities had a positive total return in August.

Diversified Healthcare Trust's revenue improved in Q2, but there was a growing net loss primarily due to increased interest expenses. Occupancy levels in senior housing are rising, but challenges in the medical office and life science portfolio remain. DHC faces a debt maturity wall in 2025 and 2026, with plans to refinance through secured debt deals to lower interest expenses.

Diversified Healthcare Trust (NASDAQ:DHC ) Q2 2024 Results Conference Call August 2, 2024 1:00 PM ET Company Participants Kevin Brady - Director of Investor Relations Chris Bilotto - President and Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley FBR Justin Haasbeek - RBC Capital Markets Operator Good afternoon, and welcome to the D...

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC's second quarter 2024 financial results will be held on Friday...

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC's common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024. About Diversified Healthcare Trus...

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Executive Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be presenting at Nareit's REITweek 2024 Investor Conference in New York, NY on Tuesday, June 4, 2024 at 3:00 p.m. Eastern Time. A live audio webcast of the presentation will be available in a...

U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increase of 2024. Posting a second week of modest declines following four-straight weekly gains, the S&P 500 finished lower by 0.4% on the week, but still notched its best month since February. Real esta...

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $120 million mortgage loan secured by eight properties within DHC's Medical Office and Life Science Portfolio, located in seven states and consisting of approximately 725,000 square feet. As of March 31, 2024, the weighted average remaining lease term for these properties was 5.4 years an...