DHC Reports Strong Q3 2026 Results Driven by Senior Housing Growth
DHC (DHC) reported robust third-quarter 2026 financial results, highlighted by a significant increase in Adjusted EBITDAre to $73.4 million, up 28.4% year-over-year. The company's senior housing portfolio (SHOP) saw substantial growth, with Same Property NOI rising 50.4% due to improved occupancy rates and rate growth. Normalized FFO also increased to $0.13 per share compared to $0.02 in the prior year. Strategic shifts are underway to optimize the balance sheet and reduce operational volatility. This includes transitioning seven Colorado skilled nursing facilities to a 15-year triple net lease with Ensign Group and reducing net debt to annualized Adjusted EBITDAre by 2.5x over the past year. While medical office occupancy saw a slight decline due to tenant departures, new leasing activity was completed at rates 25% above prior rents.
Tickers: $SHOP
Topics: EBITDA FFO NOI occupancy rates senior housing