Diversified Healthcare Trust reports Q1 normalized FFO 6c, consensus 4c

Reports Q1 revenue $386.864M, consensus $383.17M. “During the first quarter, we made substantial progress in growing SHOP NOI, which increased 47.7% and 49.0% on a sequential quarter and year over year basis, respectively, to $37 million. This was achieved primarily through rate increases, along with a 330 basis point increase in NOI margin compared to last quarter. We believe that our operating results are reflective of our active asset management and the capital we have deployed to upgrade our SHOP communities,” said Christopher Bilotto, President and Chief Executive Officer