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Diversified Healthcare Trust (DHC)
NASDAQ:DHC
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.29Last Year’s EPS
-$0.33Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -35.23%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements such as significant NOI growth in SHOP and successful leasing activities, several challenges persist. These include unexpected expenses, slower-than-expected occupancy recovery, and a reduction in guidance. Strategic dispositions and insurance savings are positive steps, but the overall performance was below expectations.Company Guidance
During the DHC third quarter 2024 earnings call, the company provided updated guidance, highlighting a focus on strategic initiatives aimed at improving the SHOP (Senior Housing Operating Portfolio) performance. Despite a 32.6% year-over-year increase in SHOP NOI, the guidance for the full year was lowered, with expectations set for SHOP NOI to range between $102 million and $107 million due to slower-than-anticipated occupancy growth and unforeseen expenses such as hurricane-related costs. The call also addressed plans for addressing $440 million in upcoming debt maturities, with a strategy that includes engaging multiple lenders to secure financing under favorable terms. Additionally, DHC discussed dispositions of select SHOP communities with negative NOI to streamline their portfolio, with expected valuations between $55,000 and $65,000 per unit, aiming to boost NOI margins and occupancy rates for the remaining portfolio.SHOP NOI Growth
Consolidated SHOP NOI increased 32.6% year-over-year, supported by operational improvements and favorable market trends.
Medical Office and Life Science Portfolio Leasing
Completed 83,000 square feet of new and renewal leasing activity with a rent roll-up of 4.8% and a weighted average lease term of 7.4 years.
Insurance Program Savings
Renewed annual insurance program effective July 1, resulting in a $6.8 million or 26% reduction in premiums.
Strategic Dispositions
Under agreements to sell 25 properties for gross proceeds of $333 million, including 18 senior living communities for over $150,000 per unit.
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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 |
|---|---|---|---|
| Nov 04, 2024 | $3.52 | $2.83 | -19.60% |
| Aug 01, 2024 | $3.28 | $3.24 | -1.22% |
| May 06, 2024 | $2.54 | $2.30 | -9.45% |
| Feb 26, 2024 | $2.97 | $3.18 | +7.07% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Diversified Healthcare Trust (DHC) earnings time?
Diversified Healthcare Trust (DHC) earnings time is at Feb 26, 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 2024 (Q4) is -$0.29.
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