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More on Senior Housing Properties Q1 beat

  • Q1 normalized FFO of $112.9M or $0.48 per share vs. $98.6M and $0.45 one year ago.
  • Cash basis NOI of $154.4M up 11.9% Y/Y. Same-property NOI up 1.7% Y/Y.
  • Same-property occupancy for MOBs of 94.8% down from 95.3% a year ago. NOI up 1.4%.
  • Same-property occupancy at senior living communities of 84.8% down from 85.7%. NOI up 1.6%.
  • YTD acquisitions of $76.1M and sales (or agreements to sell) of $10.2M.
  • Conference call at 10 ET
  • Previously: Senior Housing Properties Trust beats by $0.01, misses on revenue (May 5)
  • SNH flat premarket

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DHC--
Diversified Healthcare Trust