NASDAQ$DHC

Diversified Heal · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Demonstrated strong year-over-year improvement in the SHOP segment and announced an amendment to the credit facility.

Diversified Healthcare Trust reported strong year-over-year improvement in its SHOP segment for Q4 2022, with occupancy increasing by 380 basis points and average monthly rates increasing by nearly 9%, resulting in a 14.2% increase in revenues. The company reported a net loss attributable to common shareholders of $0.27 per share and normalized FFO of $0.03 per share.

  • SHOP segment occupancy improved 380 basis points year over year to 76.3%.
  • SHOP segment revenues increased 14.2% year over year.
  • Net loss attributable to common shareholders was $0.27 per share.
  • Normalized FFO attributable to common shareholders was $0.03 per share.

Headline financials

Total Revenue

$337M

Previous: $337M+0.0%
EPS (adj)

$0.03

Previous: -$0.07+142.9%
Net Income

-$65.3M

Previous: $367M-117.8%
Operating Income

-$18.2M

Previous: $367M-105.0%
Gross Profit

$51.7M

Previous: $63M-17.9%
Cash & Equivalents

$688M

Previous: $635M+8.4%
Total Assets

$6B

Previous: $6.62B-9.4%

Revenue & EPS history

Diversified Heal · Revenue · Quarterly

$337M

Q4 2022+0%vs Q4 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

DHC's future performance is subject to risks including continued improvement in its SHOP segment, economic conditions, and compliance with financial covenants. The company may not realize continued improvement in its SHOP segment and any continued improvement DHC may realize may not lead to a significant improvement in DHC's overall financial results.

Headwinds

  • DHC may not realize continued improvement in its SHOP segment.
  • Continued improvement DHC may realize may not lead to a significant improvement in DHC's overall financial results.
  • DHC's SHOP segment is subject to various risks, many of which are beyond its control, including rising or sustained high interest rates, high inflation, labor market challenges, supply chain disruptions, volatility in the public equity and debt markets, pandemics, geopolitical instability and economic downturns or recessions.
  • DHC may not realize occupancy or rate growth and/or increased revenues in future periods, and DHC's occupancy and/or rates may decline and its SHOP segment revenues may decrease.
  • DHC's normalized FFO may not be positive in future quarters and may decline.

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 Q4 2022

Historical avgQ4 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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