Diversified Healthcare Trust Common Shares of Beneficial Interest - DHC STOCK NEWS

Diversified Healthcare Trust (Nasdaq: DHC) reported financial results for Q4 2021, highlighting a net income of $365.6 million ($1.54/share) and a gain on property sales of $461.4 million. The company raised over $1 billion from joint ventures and completed the transition of 107 senior living communities to new operators. However, the normalized funds from operations (FFO) were negative at $(16.5) million. DHC maintained strong occupancy rates in its Office Portfolio at 91.3% but faced significant declines in the Same Property Cash Basis NOI for its SHOP segment, down 63.3% year-over-year.

Diversified Healthcare Trust (Nasdaq: DHC) has announced an amendment to its revolving credit facility, extending the maturity date to January 2024. Key changes include:

• Extension of waivers for certain financial covenants until December 31, 2022.
• Increased ability to fund capital expenditures from $350 million to $400 million.
• Reduction of revolving credit facility commitments from $800 million to $700 million, with a further decrease to $586 million in January 2023.
• Interest rate premium raised by 15 basis points.

DHC has announced a joint venture worth $703 million involving 10 properties in its Office Portfolio, acquiring around $653 million in cash proceeds while maintaining a 20% equity stake. The properties, with a total area of 1.1 million square feet, were sold at $657 per square foot, resulting in an expected gain on sale of about $320 million. The funding will be used for capital expenditures and debt reduction. This venture is managed by The RMR Group, reinforcing DHC's operational liquidity.

Diversified Healthcare Trust (Nasdaq: DHC) will release its fourth quarter 2021 financial results on February 23, 2022, after market close. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel is scheduled for February 24, 2022, at 10:00 a.m. ET. Participants can join via a designated phone number or listen online through the company website. DHC focuses on high-quality healthcare properties across the U.S., with a portfolio worth over $7.0 billion, including 390 properties and nearly 28,000 senior living units.

Diversified Healthcare Trust (Nasdaq: DHC) released its dividend characterization for 2021 tax reporting. Shareholders will see a total dividend allocation of $0.04 per share, categorized as part of ordinary income, with no amounts designated as qualified dividends or capital gains. Important dates include a declaration date of January 14, 2021, and a payable date of February 18, 2021. The company, managing over $7.0 billion in healthcare properties across the U.S., continues to be guided by The RMR Group, which oversees more than $32 billion in assets.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a quarterly cash dividend of $0.01 per common share, amounting to $0.04 annually. The dividend is payable to shareholders of record as of January 24, 2022, and will be distributed on or about February 17, 2022. DHC focuses on owning high-quality healthcare properties in the U.S., with a diversified portfolio valued at over $8.0 billion, including over 390 properties and approximately 28,000 senior living units, managed by The RMR Group (Nasdaq: RMR).

Diversified Healthcare Trust (Nasdaq: DHC) announced a transaction with a global institutional investor, receiving approximately $378 million for a 35% equity interest in its joint venture owning a life science complex in Boston, MA. This deal values the property at about $1.7 billion after accounting for $620 million in secured debt. Proceeds will be used for capital expenditures, reducing debt, and other business purposes. DHC aims to enhance liquidity and leverage through this partnership.

Five Star Senior Living (Nasdaq: FVE) has successfully transitioned operations for 107 senior living communities owned by Diversified Healthcare Trust (Nasdaq: DHC) and exited the skilled nursing business. The company now operates 140 senior living communities with about 20,000 units, focusing on Independent and Assisted Living. CEO Katherine Potter emphasized plans to enhance resident experience and diversify services through the Ageility division. Five Star is also supporting the closure of one remaining community in Delaware.

Diversified Healthcare Trust (Nasdaq: DHC) has transitioned management for 107 communities within its Senior Housing Operating Portfolio to 10 new operators, ahead of schedule. This move aims to enhance performance and value for each community. The transition follows an agreement with Five Star Senior Living Inc. (Nasdaq: FVE) to transfer management responsibilities. DHC's portfolio, valued at $8.2 billion, includes 392 properties and over 27,000 senior living units. However, the success of these transitions and future redevelopment opportunities remains uncertain.