Quarterly ResultMay 4, 2026, 04:33 PM
Diversified Healthcare Trust Q1 Normalized FFO $33.1M, SHOP NOI +13.5%
AI Summary
Diversified Healthcare Trust reported a net loss of $(43.3) million or $(0.18) per share for Q1 2026. Despite this, Normalized FFO surged 131.4% year-over-year to $33.1 million, or $0.14 per share, driven by strong operational performance. Same property SHOP NOI increased 13.5% to $44.3 million, with occupancy up 110 basis points to 82.4%. The company projects full-year 2026 Normalized FFO per share between $0.52 and $0.58, anticipating 26% to 33% SHOP NOI growth.
Key Highlights
- Q1 2026 Net Loss: $(43.3) million, or $(0.18) per share.
- Q1 2026 Normalized FFO: $33.1 million, or $0.14 per share, a 131.4% YoY increase.
- Q1 2026 Consolidated NOI: $75.9 million, with same property cash basis NOI up 8.6% YoY.
- Same property SHOP NOI increased 13.5% YoY to $44.3 million.
- Same property SHOP occupancy rose 110 basis points YoY to 82.4%.
- Medical Office and Life Science same property occupancy improved 60 basis points to 95.3%.
- Full Year 2026 Normalized FFO guidance: $0.52 to $0.58 per common share.
- Declared a quarterly distribution of $0.01 per common share.