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Diversified Healthcare Trust (DHC)
NASDAQ:DHC
RESEARCH TOOLSreports
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.25Last Year’s EPS
-0.36Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -13.47%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, successful property sales, and strategic financing efforts, indicating positive momentum. However, challenges such as sequential NOI decline, tenant vacancies, and increased expenses due to weather impacts were noted. The overall sentiment leans towards positive due to the outweighing highlights.Company Guidance
During the Diversified Healthcare Trust Fourth Quarter 2024 Earnings Conference Call, the company provided several key metrics and guidance for 2025. The fourth quarter saw total revenues of $379.6 million, a 5% year-over-year increase, and normalized FFO of $5.3 million or $0.02 per share, surpassing consensus estimates. The SHOP sector achieved 80% occupancy, with a 56% improvement in NOI, and a 7.3% increase in revenues. The medical office and life science portfolio completed 112,000 square feet of leasing activity, with a 6.9% rent increase and same-store occupancy at 90.2%. Looking ahead, approximately 7.9% of annualized revenue is set to expire by year-end 2025. The company anticipates 2025 SHOP NOI to range from $120 to $135 million, while medical office and life science NOI is projected at $104 to $112 million. CapEx for 2025 is expected to be between $150 and $170 million, with a significant reduction from previous years. The company also discussed its refinancing strategy, highlighting $340 million in anticipated loan proceeds and a proactive approach to address upcoming debt maturities, including the $380 million due in 2025 and the zero coupon bonds due in 2026.Revenue Growth and SHOP Performance
Diversified Healthcare Trust reported total revenues of $379.6 million for the fourth quarter, marking a 5% year-over-year increase. SHOP occupancy reached 80% for the first time since Q1 2020, with a 56% improvement in SHOP NOI and a 7.3% increase in SHOP revenues.
Successful Property Sales and Strategic Dispositions
Completed property sales close to $179 million in Q1 2025, including the sale of the Muse Life Science campus for $159 million. Additionally, there are active marketing efforts for 34 communities with signed term sheets for five communities targeting proceeds of $68 million by Q2 2025.
Financing Strategy and Debt Management
Signed term sheets for $340 million in anticipated loan proceeds with a favorable weighted average interest rate of approximately 6.5%. Progress made in addressing the 2025 and 2026 debt maturities with significant asset sales and refinancing plans.
Increased FFO and NOI
Normalized FFO for the fourth quarter was $5.3 million or $0.02 per share, representing a 31% sequential quarter increase. Same property cash basis NOI saw an 18.7% improvement year over year.
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DHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $2.45 | $2.66 | +8.57% |
| Nov 04, 2024 | $3.50 | $2.82 | -19.43% |
| Aug 01, 2024 | $3.26 | $3.22 | -1.23% |
| May 06, 2024 | $2.53 | $2.28 | -9.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Diversified Healthcare Trust (DHC) report earnings?
Diversified Healthcare Trust (DHC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Diversified Healthcare Trust (DHC) earnings time?
Diversified Healthcare Trust (DHC) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DHC EPS forecast?
DHC EPS forecast for the fiscal quarter 2025 (Q1) is -0.25.
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