Diversified Healthcare Trust announced its Q4 2021 financial results, highlighting progress in the SHOP segment and enhanced liquidity. The company completed the transition of 107 senior living communities, invested in improving communities, recapitalized a joint venture, and ended the quarter with over $1 billion in cash. Subsequent to year-end, an additional $653 million was received from a joint venture.
Net income attributable to common shareholders was $365.6 million, or $1.54 per share.
Normalized funds from operations attributable to common shareholders was $(16.5) million, or $(0.07) per share.
Gain on sale of properties of $461.4 million, or $1.94 per share, was recorded from DHC's sale of equity interest in its existing joint venture.
Completed the transition of 107 senior living communities to new operators.
The press release does not contain specific forward guidance for revenue or EPS. It does mention potential improvements from SHOP segment and future liquidity.
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