Diversified Healthcare Trust Provides Monthly SHOP Performance Update
- None.
- None.
Insights
The update from Diversified Healthcare Trust (DHC) on its Senior Housing Operating Portfolio (SHOP) segment's performance provides a mixed picture. While the occupancy rate slightly declined by 10 basis points month-over-month, it's important to note the yearly increase of 190 basis points. This suggests a steady recovery in the senior housing market, which had been previously affected by the pandemic. The modest dip in Resident Fees and Services revenue by 0.4% from the previous month is not particularly alarming, especially considering the 9.9% year-over-year growth. The main takeaway here is the resilience and potential growth trajectory in the senior housing sector, which investors should watch for its long-term implications on DHC's revenue stability and growth.
Moreover, the significant 38.7% month-over-month increase in net operating income (NOI) and the improvement in NOI margin by 280 basis points from January 2024, are indicators of effective cost management and operational efficiency. These improvements in margins are essential for the company's profitability, especially in the face of inflationary pressures that have increased operating expenses year over year. Investors should appreciate DHC's ability to manage expenses and maintain profitability margins in such an economic environment.
From a financial perspective, the reported figures indicate DHC's adeptness in navigating short-term fluctuations while maintaining a positive year-over-year growth trend. The 9.9% increase in Resident Fees and Services revenue compared to February 2023 is a robust sign of the company's ability to raise rental and care rates effectively. However, the slight decrease in revenue from January 2024 could be attributed to the shorter month, which is a seasonal factor and not indicative of underlying business issues.
Investors should also consider the increase in property operating expenses, driven by inflationary effects on wages and utilities, as well as higher property insurance premiums. While DHC has managed to improve its NOI margin, the rising costs are a concern that needs monitoring for future sustainability. The financial health of DHC, particularly within the SHOP segment, seems to be on a positive trajectory, but it's imperative to keep an eye on how they balance revenue growth with the rising costs of operation.
When evaluating DHC's performance, it's important to understand the nuances of the real estate investment trust (REIT) industry. The SHOP segment's performance is a critical factor for DHC, as senior housing is a core investment area for the trust. The reported increase in NOI is a positive sign for investors, as it reflects the potential for steady cash flows, which are vital for the trust's ability to pay out dividends. The NOI margin's year-over-year improvement, albeit slight, is a testament to the trust's operational efficiency.
The change in methodology for calculating the average monthly rate, now based on the exact number of days in the month, aligns the revenue recognition with occupancy rates, providing a more accurate reflection of the property's performance. While other REITs may calculate NOI differently, DHC's approach offers transparency and comparability for investors. The detailed breakdown of operating expenses and revenue streams in the report allows for a better assessment of the trust's performance and potential risks associated with the senior housing market.
Monthly Unaudited Results in DHC’s Total SHOP Properties:
-
February 2024 occupancy was
78.9% , a decrease of 10 basis points from January 2024, and 190 basis points higher than February 2023. -
February 2024 Resident Fees and Services revenue was
$102.3 million $0.4 million 0.4% , from January 2024, and higher by$9.2 million 9.9% , compared to February 2023. -
February 2024 net operating income, or NOI, was
$10.1 million $2.8 million 38.7% , from January 2024, and higher by$1.2 million 12.9% , compared to February 2023. -
February 2024 NOI margin was
9.9% , 280 basis points above January 2024, and 30 basis points above February 2023.
February 2024 total SHOP revenues decreased slightly from the prior month due to a decrease in skilled nursing revenue as a result of two fewer days in February. Year over year, total SHOP revenues increased
February 2024 total SHOP operating expenses decreased
Diversified Healthcare Trust
SHOP Segment - Monthly Results of Operations
(dollars in thousands, except average monthly rate)
2024 (1) |
2024 (1) |
$ |
% |
|
2023 |
|
$ |
% |
|||||||||||||||||||
|
|
Feb |
Jan |
Change |
Change |
Feb |
Change |
Change |
|||||||||||||||||||
ALR/Five Star Managed Communities |
|||||||||||||||||||||||||||
Number of Properties |
|
|
119 |
|
|
|
119 |
|
|
|
|
|
|
|
119 |
|
|
|
|
|
|||||||
Number of Units |
|
17,655 |
|
|
17,542 |
|
|
17,706 |
|
||||||||||||||||||
Occupancy |
|
|
78.8 |
% |
|
|
78.8 |
% |
|
|
|
|
|
|
77.2 |
% |
|
|
|
|
|||||||
Average Monthly Rate (2) |
$ |
4,796 |
|
$ |
4,792 |
|
$ |
4 |
|
0.1 |
% |
$ |
4,566 |
|
$ |
230 |
|
5.0 |
% |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Residents Fees and Services |
$ |
66,684 |
|
$ |
66,669 |
|
$ |
15 |
|
0.0 |
% |
$ |
61,616 |
|
$ |
5,068 |
|
8.2 |
% |
||||||||
Property Operating Expenses |
|
|
(57,849 |
) |
|
|
(59,093 |
) |
|
|
(1,244 |
) |
|
(2.1 |
)% |
|
|
(52,753 |
) |
|
|
5,096 |
|
|
9.7 |
% |
|
NOI (3) |
$ |
8,835 |
|
$ |
7,576 |
|
$ |
1,259 |
|
16.6 |
% |
$ |
8,863 |
|
$ |
(28 |
) |
(0.3 |
)% |
||||||||
NOI Margin |
|
|
13.2 |
% |
|
|
11.4 |
% |
|
|
|
|
|
|
14.4 |
% |
|
|
|
|
|||||||
Other Operator Managed Communities |
|||||||||||||||||||||||||||
Number of Properties |
|
|
113 |
|
|
|
113 |
|
|
|
|
|
|
|
115 |
|
|
|
|
|
|||||||
Number of Units |
|
7,574 |
|
|
7,557 |
|
|
7,623 |
|
||||||||||||||||||
Occupancy |
|
|
79.1 |
% |
|
|
79.5 |
% |
|
|
|
|
|
|
76.3 |
% |
|
|
|
|
|||||||
Average Monthly Rate (2) |
$ |
5,945 |
|
$ |
6,036 |
|
$ |
(91 |
) |
(1.5 |
)% |
$ |
5,450 |
|
$ |
495 |
|
9.1 |
% |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Residents Fees and Services |
$ |
35,618 |
|
$ |
36,059 |
|
$ |
(441 |
) |
(1.2 |
)% |
$ |
31,502 |
|
$ |
4,116 |
|
13.1 |
% |
||||||||
Property Operating Expenses |
|
|
(34,358 |
) |
|
|
(36,356 |
) |
|
|
(1,998 |
) |
|
(5.5 |
)% |
|
|
(31,423 |
) |
|
|
2,935 |
|
|
9.3 |
% |
|
NOI (3) |
$ |
1,260 |
|
$ |
(297 |
) |
$ |
1,557 |
|
524.2 |
% |
$ |
79 |
|
$ |
1,181 |
|
1494.9 |
% |
||||||||
NOI Margin |
|
|
3.5 |
% |
|
|
(0.8 |
)% |
|
|
|
|
|
|
0.3 |
% |
|
|
|
|
|||||||
Total SHOP |
|||||||||||||||||||||||||||
Number of Properties |
|
|
232 |
|
|
|
232 |
|
|
|
|
|
|
|
234 |
|
|
|
|
|
|||||||
Number of Units |
|
25,229 |
|
|
25,099 |
|
|
25,329 |
|
||||||||||||||||||
Occupancy |
|
|
78.9 |
% |
|
|
79.0 |
% |
|
|
|
|
|
|
77.0 |
% |
|
|
|
|
|||||||
Average Monthly Rate (2) |
$ |
5,142 |
|
$ |
5,166 |
|
$ |
(24 |
) |
(0.5 |
)% |
$ |
4,831 |
|
$ |
311 |
|
6.4 |
% |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Residents Fees and Services |
$ |
102,302 |
|
$ |
102,728 |
|
$ |
(426 |
) |
(0.4 |
)% |
$ |
93,118 |
|
$ |
9,184 |
|
9.9 |
% |
||||||||
Property Operating Expenses |
|
|
(92,207 |
) |
|
|
(95,449 |
) |
|
|
(3,242 |
) |
|
(3.4 |
)% |
|
|
(84,176 |
) |
|
|
8,031 |
|
|
9.5 |
% |
|
NOI (3) |
$ |
10,095 |
|
$ |
7,279 |
|
$ |
2,816 |
|
38.7 |
% |
$ |
8,942 |
|
$ |
1,153 |
|
12.9 |
% |
||||||||
NOI Margin |
|
|
9.9 |
% |
|
|
7.1 |
% |
|
|
|
|
|
|
9.6 |
% |
|
|
|
|
|||||||
2023 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
YTD |
|
||||||||||||||||||||||||||||||||||||||
ALR/Five Star Managed Communities |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Properties |
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
119 |
|
|
|
Number of Units |
|
17,716 |
|
|
17,706 |
|
|
17,704 |
|
|
17,704 |
|
|
17,703 |
|
|
17,699 |
|
|
17,699 |
|
|
17,677 |
|
|
17,655 |
|
|
17,655 |
|
|
17,655 |
|
|
17,655 |
|
|
17,655 |
|
|
|||||||||||||
Occupancy |
|
77.2 |
% |
|
|
77.2 |
% |
|
|
77.7 |
% |
|
|
78.0 |
% |
|
|
78.1 |
% |
|
|
77.6 |
% |
|
|
78.0 |
% |
|
|
78.5 |
% |
|
|
78.7 |
% |
|
|
79.2 |
% |
|
|
79.3 |
% |
|
|
79.1 |
% |
|
|
78.2 |
% |
|
|
Average Monthly Rate (2) |
$ |
4,409 |
|
$ |
4,566 |
|
$ |
4,514 |
|
$ |
4,527 |
|
$ |
4,551 |
|
$ |
4,532 |
|
$ |
4,530 |
|
$ |
4,534 |
|
$ |
4,556 |
|
$ |
4,542 |
|
$ |
4,510 |
|
$ |
4,548 |
|
$ |
4,526 |
|
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Residents Fees and Services |
$ |
59,539 |
|
$ |
61,616 |
|
$ |
61,307 |
|
$ |
61,673 |
|
$ |
62,076 |
|
$ |
62,268 |
|
$ |
62,570 |
|
$ |
62,923 |
|
$ |
63,276 |
|
$ |
63,482 |
|
$ |
63,154 |
|
$ |
63,558 |
|
$ |
747,442 |
|
|
|||||||||||||
Property Operating Expenses |
|
(53,744 |
) |
|
|
(52,753 |
) |
|
|
(56,145 |
) |
|
|
(51,873 |
) |
|
|
(55,579 |
) |
|
|
(55,416 |
) |
|
|
(56,808 |
) |
|
|
(56,774 |
) |
|
|
(56,355 |
) |
|
|
(56,793 |
) |
|
|
(56,604 |
) |
|
|
(59,851 |
) |
|
|
(668,695 |
) |
|
|
NOI (3) |
$ |
5,795 |
|
$ |
8,863 |
|
$ |
5,162 |
|
$ |
9,800 |
|
$ |
6,497 |
|
$ |
6,852 |
|
$ |
5,762 |
|
$ |
6,149 |
|
$ |
6,921 |
|
$ |
6,689 |
|
$ |
6,550 |
|
$ |
3,707 |
|
$ |
78,747 |
|
|
|||||||||||||
NOI Margin |
|
9.7 |
% |
|
|
14.4 |
% |
|
|
8.4 |
% |
|
|
15.9 |
% |
|
|
10.5 |
% |
|
|
11.0 |
% |
|
|
9.2 |
% |
|
|
9.8 |
% |
|
|
10.9 |
% |
|
|
10.5 |
% |
|
|
10.4 |
% |
|
|
5.8 |
% |
|
|
10.5 |
% |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Operator Managed Communities |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Properties |
|
118 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
115 |
|
|
|
114 |
|
|
|
113 |
|
|
|
113 |
|
|
|
113 |
|
|
|
Number of Units |
|
7,623 |
|
|
7,623 |
|
|
7,623 |
|
|
7,623 |
|
|
7,623 |
|
|
7,623 |
|
|
7,623 |
|
|
7,647 |
|
|
7,647 |
|
|
7,572 |
|
|
7,571 |
|
|
7,554 |
|
|
7,554 |
|
|
|||||||||||||
Occupancy |
|
74.8 |
% |
|
|
76.3 |
% |
|
|
76.5 |
% |
|
|
77.4 |
% |
|
|
77.1 |
% |
|
|
78.0 |
% |
|
|
78.3 |
% |
|
|
78.6 |
% |
|
|
78.6 |
% |
|
|
79.2 |
% |
|
|
79.4 |
% |
|
|
79.6 |
% |
|
|
77.8 |
% |
|
|
Average Monthly Rate (2) |
$ |
5,732 |
|
$ |
5,450 |
|
$ |
5,738 |
|
$ |
5,569 |
|
$ |
5,652 |
|
$ |
5,644 |
|
$ |
5,762 |
|
$ |
5,797 |
|
$ |
5,987 |
|
$ |
5,815 |
|
$ |
5,745 |
|
$ |
5,896 |
|
$ |
5,733 |
|
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Residents Fees and Services |
$ |
32,486 |
|
$ |
31,502 |
|
$ |
33,142 |
|
$ |
32,576 |
|
$ |
32,953 |
|
$ |
33,300 |
|
$ |
34,109 |
|
$ |
34,559 |
|
$ |
35,697 |
|
$ |
34,605 |
|
$ |
34,275 |
|
$ |
35,262 |
|
$ |
404,466 |
|
|
|||||||||||||
Property Operating Expenses |
|
(34,312 |
) |
|
|
(31,423 |
) |
|
|
(33,952 |
) |
|
|
(32,932 |
) |
|
|
(33,428 |
) |
|
|
(32,731 |
) |
|
|
(33,688 |
) |
|
|
(35,301 |
) |
|
|
(33,519 |
) |
|
|
(34,361 |
) |
|
|
(34,421 |
) |
|
|
(36,328 |
) |
|
|
(406,396 |
) |
|
|
NOI (3) |
$ |
(1,826 |
) |
$ |
79 |
|
$ |
(810 |
) |
$ |
(356 |
) |
$ |
(475 |
) |
$ |
569 |
|
$ |
421 |
|
$ |
(742 |
) |
$ |
2,178 |
|
$ |
244 |
|
$ |
(146 |
) |
$ |
(1,066 |
) |
$ |
(1,930 |
) |
|
|||||||||||||
NOI Margin |
|
(5.6 |
)% |
|
|
0.3 |
% |
|
|
(2.4 |
)% |
|
|
(1.1 |
)% |
|
|
(1.4 |
)% |
|
|
1.7 |
% |
|
|
1.2 |
% |
|
|
(2.1 |
)% |
|
|
6.1 |
% |
|
|
0.7 |
% |
|
|
(0.4 |
)% |
|
|
(3.0 |
)% |
|
|
(0.5 |
)% |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Total SHOP |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Properties |
|
237 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
234 |
|
|
|
233 |
|
|
|
232 |
|
|
|
232 |
|
|
|
232 |
|
|
|
Number of Units |
|
25,339 |
|
|
25,329 |
|
|
25,327 |
|
|
25,327 |
|
|
25,326 |
|
|
25,322 |
|
|
25,322 |
|
|
25,324 |
|
|
25,302 |
|
|
25,227 |
|
|
25,226 |
|
|
25,209 |
|
|
25,209 |
|
|
|||||||||||||
Occupancy |
|
76.5 |
% |
|
|
77.0 |
% |
|
|
77.3 |
% |
|
|
77.8 |
% |
|
|
77.8 |
% |
|
|
77.7 |
% |
|
|
78.1 |
% |
|
|
78.5 |
% |
|
|
78.6 |
% |
|
|
79.2 |
% |
|
|
79.3 |
% |
|
|
79.3 |
% |
|
|
78.1 |
% |
|
|
Average Monthly Rate (2) |
$ |
4,800 |
|
$ |
4,831 |
|
$ |
4,879 |
|
$ |
4,840 |
|
$ |
4,880 |
|
$ |
4,866 |
|
$ |
4,900 |
|
$ |
4,914 |
|
$ |
4,986 |
|
$ |
4,922 |
|
$ |
4,879 |
|
$ |
4,952 |
|
$ |
4,888 |
|
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Residents Fees and Services |
$ |
92,025 |
|
$ |
93,118 |
|
$ |
94,449 |
|
$ |
94,249 |
|
$ |
95,029 |
|
$ |
95,568 |
|
$ |
96,679 |
|
$ |
97,482 |
|
$ |
98,973 |
|
$ |
98,087 |
|
$ |
97,429 |
|
$ |
98,820 |
|
$ |
1,151,908 |
|
|
|||||||||||||
Property Operating Expenses |
|
(88,056 |
) |
|
|
(84,176 |
) |
|
|
(90,097 |
) |
|
|
(84,805 |
) |
|
|
(89,007 |
) |
|
|
(88,147 |
) |
|
|
(90,496 |
) |
|
|
(92,075 |
) |
|
|
(89,874 |
) |
|
|
(91,154 |
) |
|
|
(91,025 |
) |
|
|
(96,179 |
) |
|
|
(1,075,091 |
) |
|
|
NOI (3) |
$ |
3,969 |
|
$ |
8,942 |
|
$ |
4,352 |
|
$ |
9,444 |
|
$ |
6,022 |
|
$ |
7,421 |
|
$ |
6,183 |
|
$ |
5,407 |
|
$ |
9,099 |
|
$ |
6,933 |
|
$ |
6,404 |
|
$ |
2,641 |
|
$ |
76,817 |
|
|
|||||||||||||
NOI Margin |
|
4.3 |
% |
|
|
9.6 |
% |
|
|
4.6 |
% |
|
|
10.0 |
% |
|
|
6.3 |
% |
|
|
7.8 |
% |
|
|
6.4 |
% |
|
|
5.5 |
% |
|
|
9.2 |
% |
|
|
7.1 |
% |
|
|
6.6 |
% |
|
|
2.7 |
% |
|
|
6.7 |
% |
||
| (1) | The information regarding DHC’s SHOP segment results for January and February 2024 reflects preliminary estimates with respect to certain results of DHC for such periods, based on currently available information. Because the quarterly financial close process and review for these periods is not yet complete, DHC’s final results upon completion of its quarterly close process and review may vary from these preliminary estimates. |
| (2) | Previously, average monthly rate was calculated as average daily rate (revenue divided by occupied days) multiplied by 30 days. Retroactively to January 2023, we are now calculating the average monthly rate as the average daily rate multiplied by the exact number of days in the month. This change in methodology is now largely consistent with changes in revenue and occupancy as they are based on the same time period. |
| (3) | The calculation of NOI shown excludes certain components of net income (loss) in order to provide results that are more closely related to DHC's property level results of operations. DHC defines NOI as income from its real estate less its property operating expenses. NOI excludes amortization of capitalized tenant improvement costs and leasing commissions that DHC records as depreciation and amortization. DHC uses NOI to evaluate individual and company-wide property level performance. Other real estate companies and real estate investment trusts, or REITs, may calculate NOI differently than DHC does. |
| Calculation and Reconciliation of NOI for SHOP Segment | |||||||
(dollars in thousands) |
|||||||
For the Month Ended |
|||||||
February 28, 2023 |
February 29, 2024 |
||||||
Calculation of NOI: |
SHOP |
SHOP |
|||||
Residents fees and services |
$ |
93,118 |
|
|
$ |
102,302 |
|
Property operating expenses |
|
(84,176 |
) |
|
(92,207 |
) |
|
NOI |
$ |
8,942 |
|
|
$ |
10,095 |
|
For the Month Ended |
|||||||||||
February 28, 2023 |
January 31, 2024 |
February 29, 2024 |
|||||||||
SHOP |
SHOP |
SHOP |
|||||||||
Residents fees and services |
$ |
93,118 |
|
|
$ |
102,728 |
|
|
$ |
102,302 |
|
Expenses: |
|
|
|
|
|
||||||
Property operating expenses |
|
84,176 |
|
|
95,449 |
|
|
92,207 |
|
||
Depreciation and amortization |
|
13,998 |
|
|
|
15,595 |
|
|
|
15,644 |
|
Total expenses |
|
98,174 |
|
|
111,044 |
|
|
107,851 |
|
||
|
|
|
|
|
|
||||||
Gain on sale of properties |
|
(2,430 |
) |
|
- |
|
|
- |
|
||
Interest expense |
|
(93 |
) |
|
|
(23 |
) |
|
|
(23 |
) |
Net loss |
|
(7,579 |
) |
|
(8,339 |
) |
|
(5,572 |
) |
||
|
|
|
|
|
|
||||||
Add (less): Interest expense |
|
93 |
|
|
23 |
|
|
23 |
|
||
Depreciation and amortization |
|
13,998 |
|
|
|
15,595 |
|
|
|
15,644 |
|
Gain on sale of properties |
|
2,430 |
|
|
- |
|
|
- |
|
||
NOI |
$ |
8,942 |
|
|
$ |
7,279 |
|
|
$ |
10,095 |
|
About Diversified Healthcare Trust:
DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout
Warning Concerning Forward-Looking Statements
This press release contains 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, it 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. For example, the information regarding DHC’s SHOP segment results provided in this press release reflects certain preliminary estimates based on currently available information, and DHC’s final results upon completion of its quarterly financial close process and review may vary from these preliminary estimates, and as a result, the information provided herein may not provide a meaningful measure of DHC’s SHOP segment results as expected.
The information contained in DHC's periodic reports filed with the Securities and Exchange Commission, or the SEC, including under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” or incorporated therein, also identifies important factors that could cause DHC's actual results to differ materially from those stated in or implied by DHC's forward-looking statements. DHC's filings with the SEC are available on the SEC's website at www.sec.gov.
You should not place undue reliance upon any forward-looking statements. 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/20240402458873/en/
Kevin Brady, Director, Investor Relations
(617) 796-8234
Source: Diversified Healthcare Trust
FAQ
What was the occupancy rate for DHC's SHOP segment in February 2024?
How does the February 2024 revenue compare to February 2023 for DHC's SHOP segment?
What was the net operating income (NOI) for DHC's SHOP segment in February 2024?
What was the change in total SHOP revenues from the prior month in February 2024?
What drove the decrease in total SHOP operating expenses in February 2024?
