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Sep 30, 2022
Diversified Heal Q3 2022 Earnings Report
Announced third quarter 2022 results with a net loss attributable to common shareholders of $0.34 per share and Normalized FFO attributable to common shareholders of ($0.06) per share.
Key Takeaways
Diversified Healthcare Trust reported a net loss of $0.34 per share and a Normalized FFO of ($0.06) per share for the third quarter of 2022. Leasing demand in the Office Portfolio remained strong, while the SHOP segment was negatively impacted by Hurricane Ian and cost increases.
Leasing demand remained strong in the Office Portfolio segment.
Same property cash basis NOI in the Office Portfolio segment increased 4.7% year-over-year.
SHOP segment recovery continues with average occupancy increasing 110 basis points from the second quarter.
Hurricane Ian increased operating expenses by over $4.1 million during the quarter.
Forward Guidance
The company expects continued occupancy and rate growth in its SHOP segment, leading to future stabilization. DHC believes it has sufficient liquidity to execute on its business plan and position the company for long-term, sustainable growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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