Diversified Healthcare Trust reports Q3 2026 loss but lifts senior‑housing NOI guidance
Diversified Healthcare Trust (DHC) posted third‑quarter 2026 results with a net loss of $0.21 per share and revenue of $367.7 million, missing consensus estimates. Adjusted EBITDAre rose 28.4% YoY to $73.4 million and normalized FFO increased to $0.13 per share, a 659.7% year‑over‑year gain. The senior‑housing operating portfolio (SHOP) delivered same‑property NOI of $48 million, up 50.4% YoY, prompting the company to raise its full‑year SHOP NOI guidance to $190‑$200 million and cut recurring capital‑expenditure guidance by $10 million at the midpoint.
Why it matters
The raised SHOP NOI guidance improves the outlook for cash flow generation, which may support debt repayment and dividend capacity (the company’s own guidance says). The lower capex guidance reduces expected cash outflows, potentially enhancing free cash flow for investors.
Key facts
- 1Q3 2026 revenue was $367.7 million, a 5.4% decline year‑over‑year. tradingview.com
- 2Net loss was $(0.21) per share, missing analyst estimates of $(0.15). investing.com
- 3Adjusted EBITDAre increased 28.4% year‑over‑year to $73.4 million. investing.com
- 4Normalized FFO was $0.13 per share, up from $0.02 per share a year ago (659.7% growth). investing.com
- 5SHOP same‑property NOI rose 50.4% year‑over‑year to $48 million. investing.com
- 6Full‑year 2026 SHOP NOI guidance was raised to $190‑$200 million. seniorhousingnews.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.