Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Diversified Healthcare Trust (Nasdaq: DHC) has announced a quarterly dividend of $0.01 per common share, translating to $0.04 annually. This distribution will be paid on or about May 19, 2022 to shareholders on record as of April 25, 2022. DHC, with over $6.7 billion in healthcare properties across 36 states and Washington, D.C., focuses on diversified healthcare services, including over 100 life science and medical office properties and over 27,500 senior living units.

Positive

• Quarterly dividend of $0.01 per share demonstrates commitment to returning value to shareholders.
• Strong asset base of $6.7 billion in healthcare properties indicates financial stability.
• Diversity in property types and locations may provide risk mitigation.

Negative

• None.

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 quarterly dividend will be paid to common shareholders of record as of the close of business on April 25, 2022 and distributed on or about May 19, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) is a real estate investment trust (REIT) that owns more than $6.7 billion of high-quality healthcare properties located in 36 states and Washington, D.C. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines and by property type and location. DHC’s life science and medical office portfolio includes over 100 properties totaling approximately nine million square feet and is occupied by nearly 500 tenants. DHC’s senior living portfolio contains over 27,500 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $37 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA. To learn more about DHC, visit www.dhcreit.com.

WARNING REGARDING FORWARD LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever DHC uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, DHC is making forward-looking statements. These forward-looking statements are based upon DHC’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by DHC’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond DHC's control. For example, this press release states that DHC’s dividend rate will be $0.01/share per quarter or $0.04/share per year. A possible implication of this statement is that DHC will continuously pay quarterly dividends of $0.01/share per quarter or $0.04/share per year in the future. DHC’s dividend rates are set and reset from time to time by DHC’s Board of Trustees. The DHC Board considers many factors when setting dividend rates including DHC’s historical and projected income, normalized funds from operations attributable to common shareholders, the then current and expected needs and availability of cash to pay DHC’s obligations and fund DHC’s investments, restrictions contained in DHC’s credit agreement, distributions which may be required to be paid to maintain DHC’s tax status as a real estate investment trust and other factors deemed relevant by DHC’s Board of Trustees in its discretion. Accordingly, future dividend rates may be increased or decreased and there is no assurance as to the rate at which future dividends will be declared and paid. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward looking statements in this press release. Except as required by law, DHC does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220413006040/en/

Michael Kodesch, Director, Investor Relations

(617) 796-8234

www.dhcreit.com

Source: Diversified Healthcare Trust

FAQ

What is the dividend amount declared by Diversified Healthcare Trust (DHC)?

Diversified Healthcare Trust (DHC) declared a quarterly dividend of $0.01 per share.

When will the dividend for DHC be paid?

The dividend will be paid on or about May 19, 2022.

What are the record dates for the dividend payment of DHC?

The record date for the dividend payment is April 25, 2022.

How does DHC's asset value impact its dividend sustainability?

DHC has over $6.7 billion in real estate assets, which can provide stability for future dividend payments.

What types of properties does DHC invest in?

DHC invests in healthcare properties including life science facilities, medical offices, and senior living units.