Diversified Healthcare Trust Reports Third Quarter FFO and Revenue Miss
Diversified Healthcare Trust (DHC) reported third-quarter financial results that fell short of market expectations. The company posted Funds From Operations (FFO) of $0.13 per share, missing consensus estimates by $0.02, while total revenue reached $367.67 million, representing a 5.4% year-over-year decline and a miss of $1.02 million. Looking ahead, the company provided full-year guidance for normalized FFO per common share in the range of $0.46 to $0.52. This guidance sits below the previous fiscal year consensus estimate of $0.61, suggesting a tightening of profitability expectations for the remainder of the period.
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