Diversified Healthcare: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 03:00 AM ET
Last Updated - Aug 02, 2024, 03:00 AM EDT
NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Diversified Healthcare Trust (DHC) on Thursday reported a key measure of profitability in its second quarter.
The Newton, Massachusetts-based real estate investment trust said it had funds from operations of $6.8 million, or 3 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $97.9 million, or 41 cents per share.
