Diversified Healthcare Occupancy Up, But Below Pre-Pandemic Levels in November
December 29, 2023
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Diversified Healthcare Trust ($NASDAQ:DHC) is a publicly traded healthcare real estate investment trust (REIT) that owns and leases medical office buildings and other healthcare facilities. In November, the occupancy rate of their healthcare facilities rose, but it was still below pre-pandemic levels. The occupancy rate of these properties had decreased significantly since the start of the pandemic, due to disruptions to the healthcare system, such as postponing elective surgeries and other medical procedures. The occupancy rate in November was also lower than the average occupancy rate of the same time last year. Despite the current occupancy rate being lower than pre-pandemic levels, Diversified Healthcare Trust has made a strong recovery in recent months. The REIT has continued leasing medical office buildings and other healthcare facilities, which will help increase occupancy in the future.
Additionally, the trust has taken steps to ensure its properties are safe for tenants, such as installing safety barriers and providing personal protective equipment (PPE). These measures have helped maintain tenant confidence in their properties. The trust has taken preventive measures to protect its tenants and ensure their properties remain safe and up to code, which will help to ensure long-term success for the REIT.
Share Price
On Thursday, Diversified Healthcare Trust stock opened at $3.8 and closed at the same price, down by 0.5% from last closing price of 3.8. Though the occupancy rate for the company increased in November as compared to October, it still remains lower than pre-pandemic levels. Diversified Healthcare Trust has been hit hard by the pandemic, with a decrease in occupancy in the past few months as demand for healthcare services decreased. Nevertheless, the company has continued to take steps to adapt to the changing market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DHC. More…
| Total Revenues | Net Income | Net Margin |
| 1.39k | -256.33 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DHC. More…
| Operations | Investing | Financing |
| 14.29 | -246.85 | -289.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DHC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.53k | 3.09k | 10.18 |
Key Ratios Snapshot
Some of the financial key ratios for DHC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -4.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s analysis of DIVERSIFIED HEALTHCARE TRUST’s fundamentals shows that it is strong in asset, medium in dividend and weak in growth and profitability. The Star Chart classifies the company as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This makes it attractive to income investors or those looking for a steady and reliable source of income. However, its low health score of 2/10 with regard to its cashflows and debt suggests that it is less likely to pay off debt and fund future operations, making it a riskier option for investors. More…
Peers
DHT’s portfolio includes hospitals, skilled nursing facilities, senior housing, and other healthcare-related properties. The company’s competitors include Healthpeak Properties Inc, Healthcare Trust Inc, Ventas Inc, and other healthcare REITs.
– Healthpeak Properties Inc ($NYSE:PEAK)
Healthpeak Properties Inc is a real estate investment trust that invests in healthcare properties. As of 2022, the company has a market capitalization of 12.41 billion dollars. The company’s portfolio includes senior housing, life science, and medical office properties. Healthpeak Properties Inc is headquartered in Denver, Colorado.
– Healthcare Trust Inc ($OTCPK:HLTC)
Healthcare Trust, Inc. is a real estate investment trust that focuses on owning and operating healthcare-related properties. The company’s portfolio includes hospitals, skilled nursing facilities, assisted living facilities, and other healthcare-related properties. As of December 31, 2020, Healthcare Trust’s portfolio consisted of 572 properties in 42 states and Washington, D.C.
– Ventas Inc ($NYSE:VTR)
Ventas Inc. is a real estate investment trust that focuses on healthcare properties. As of 2022, it has a market capitalization of 15.46 billion dollars. The company primarily owns and leases senior housing and skilled nursing properties in the United States, Canada, and the United Kingdom.
Summary
Diversified Healthcare Trust has seen an increase in occupancy of its healthcare facilities in November, though the occupancy rate is still below pre-pandemic levels. In terms of investing, Diversified Healthcare Trust offers a safe investment with modest returns. Its portfolio consists of healthcare providers and device manufacturers, which provides some diversification of risk and a steady stream of income. Overall, Diversified Healthcare Trust is a relatively low-risk option compared to other sectors and provides a potential for modest returns for investors with appropriate levels of risk tolerance.
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