NASDAQ$DHC

Diversified Heal · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results with a net loss attributable to common shareholders of $0.34 per share and Normalized FFO attributable to common shareholders of ($0.06) per share.

Diversified Healthcare Trust reported a net loss of $0.34 per share and a Normalized FFO of ($0.06) per share for the third quarter of 2022. Leasing demand in the Office Portfolio remained strong, while the SHOP segment was negatively impacted by Hurricane Ian and cost increases.

  • Leasing demand remained strong in the Office Portfolio segment.
  • Same property cash basis NOI in the Office Portfolio segment increased 4.7% year-over-year.
  • SHOP segment recovery continues with average occupancy increasing 110 basis points from the second quarter.
  • Hurricane Ian increased operating expenses by over $4.1 million during the quarter.

Headline financials

Total Revenue

$323M

Previous: $337M-4.3%
EPS (adj)

-$0.06

Previous: -$0.04-50.0%
Capital Expenditures

-$264M

Previous: -$126M-109.5%
Free Cash Flow

-$346M

Previous: -$215M-60.4%
Net Income

-$81.5M

Previous: -$89.3M+8.8%
Operating Income

-$298M

Previous: -$275M-8.4%
Gross Profit

$33.8M

Previous: $71.3M-52.6%
Cash & Equivalents

$801M

Previous: $795M+0.8%
Total Assets

$6.07B

Previous: $7.07B-14.1%

Revenue & EPS history

Diversified Heal · Revenue · Quarterly

$323M

Q3 2022-4.3%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Diversified Heal · $268M total across 1 segment · Q4 2022

  • SHOP
    $268M+14.2%

Forward guidance

The company expects continued occupancy and rate growth in its SHOP segment, leading to future stabilization. DHC believes it has sufficient liquidity to execute on its business plan and position the company for long-term, sustainable growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.9%

Avg return

Earnings day

+3.9%

Avg return

5 days after

+7.8%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+51.0%

Q4 2022

Best reaction

-18.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+7.8%+8.9%
Q4 2025-2.3%+9.9%+11.7%
Q3 2025+5.5%+4.9%+12.9%
Q1 2025+30.7%+38.5%+50.5%
Q4 2024+8.6%+12.2%+0.8%
Q3 2024-18.4%-24.2%-25.9%
Q2 2024-2.7%-5.7%+4.2%
Q1 2024-11.8%-13.4%+13.7%
Q4 2023+8.4%+8.8%-18.6%
Q3 2023+7.2%+7.7%+28.0%
Q2 2023+12.0%+29.2%+30.1%
Q1 2023+0.6%+0.0%+163.6%
Q4 2022+51.0%+82.7%+37.8%
Q3 2022-13.2%-5.9%-27.2%
Q2 2022+1.2%+9.9%-16.3%
Q1 2022+6.9%+0.0%-1.8%
Q4 2021-4.5%-7.1%-2.6%
Q3 2021-10.3%-7.1%-29.7%
Q2 2021+1.8%+1.3%-3.1%
Q1 2021-7.1%-6.4%-13.9%
Q4 2020+0.9%+1.5%+6.7%
Q3 2020-6.3%+27.0%+49.5%
Q2 2020+6.9%+3.8%-5.5%
Q1 2020+8.7%-2.0%+104.7%
Q4 2019+6.7%-0.3%-52.9%
Q3 2019-8.7%-14.8%-16.0%
Q2 2019+6.7%+8.2%+3.8%
Q1 2019+2.3%+2.3%+1.5%
Q4 2018-8.2%-8.6%-9.0%
Q3 2018-2.7%-0.2%-15.9%
Q2 2018+0.9%-2.6%+3.6%
Q1 2018+2.0%+1.7%+9.5%
Q4 2017-4.3%-2.8%-1.0%
Q3 2017+1.1%+1.9%+0.4%
Q2 2017-1.8%-1.1%+2.9%
Q1 2017-1.1%-0.5%+3.2%
Q4 2016+1.5%+1.6%+0.7%
Q3 2016-1.8%-5.6%-8.1%
Q2 2016-2.4%-1.1%+2.7%
Q1 2016+2.4%
Q4 2015+0.4%
Q3 2015-2.4%
Q2 2015-1.2%
Q1 2015-1.0%
Q4 2014-0.4%
Q3 2014-1.5%
Q2 2014-1.5%
Q1 2014-0.7%
Q4 2013+4.3%
Q3 2013-1.2%
Q2 2013-4.7%
Q1 2013-0.6%
Q4 2012+0.9%
Q3 2012+1.5%
Q2 2012-0.8%
Q1 2012+0.1%
Q4 2011-1.3%
Q4 2010-1.3%
Q3 2011-2.9%
Q2 2011+0.6%
Q1 2010-2.5%
Q1 2011-0.1%
Q4 2008+4.0%
Q3 2010+1.7%
Q3 2009+1.7%
Q2 2010+1.3%
Q2 2009+1.3%
Q4 2009+1.3%

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