Diversified Healthcare Trust Provides Monthly SHOP Performance Update; September 2023 Occupancy Was 79.4%, 660 Basis Points Below September 2019, And 10 Basis Points Above August 2023
Portfolio Pulse from Benzinga Newsdesk
Diversified Healthcare Trust (DHC) has provided an update on its Senior Housing Operating Portfolio (SHOP) for September 2023. The occupancy was 79.4%, 660 basis points below September 2019, but 10 basis points above August 2023. The Resident Fees and Services revenue was $96.1 million, 4.0% below September 2019, but 1.5% above August 2023. The net operating income (NOI) was $8.8 million, 40.0% below September 2019, but 66.4% above August 2023.
October 23, 2023 | 8:28 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
DHC's SHOP segment shows a mixed performance for September 2023, with lower figures compared to September 2019, but improvements compared to August 2023. This could indicate a slow recovery.
The performance of DHC's SHOP segment is mixed, with lower occupancy, revenue, and NOI compared to September 2019, but improvements compared to August 2023. This could indicate a slow recovery from a possible downturn, which could impact the stock price in the short term. However, the direction of the impact is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100