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Diversified Healthcare Trust (DHC) CEO Jennifer Francis on Q4 2019 Results - Earnings Call Transcript

Mar. 02, 2020 4:18 PM ETDiversified Healthcare Trust (DHC), DHCNL, DHCNI
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Diversified Healthcare Trust (NASDAQ:DHC) Q4 2019 Results Conference Call March 2, 2020 10:00 AM ET

Company Participants

Michael Kodesch - Director, IR

Jennifer Francis - President and COO

Rick Siedel - CFO and Treasurer

Conference Call Participants

Drew Babin - Baird

Vikram Malhotra - Morgan Stanley

Bryan Maher - B. Riley FBR

Michael Carroll - RBC Capital Markets

Omotayo Okusanya - Mizuho


Good morning, and welcome to the Diversified Healthcare Trust Fourth Quarter 2019 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would like to now turn the conference over to Michael Kodesch, Director of Investor Relations. Go ahead.

Michael Kodesch

Thank you. Welcome to Diversified Healthcare Trust call covering the fourth quarter 2019 results. Joining me on today's call are Jennifer Francis, President and Chief Operating Officer; and Rick Siedel, Chief Financial Officer and Treasurer.

Today's call includes the presentation by management followed by a question-and-answer session. I would like to note that the transcription, recording and retransmission of today's conference call are strictly prohibited without the prior written consent of Diversified Healthcare Trust or DHC.

Today's conference call contains Forward-Looking Statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon DHC’s present beliefs and expectations as of today, Monday, March 2, 2020.

The Company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call other than through filings with the Securities and Exchange Commission or SEC.

In addition, this call may contain non-GAAP numbers, including normalized Funds from Operations or normalized FFO, EBITDA, EBITDARM or adjusted EBITDA and cash basis net operating income or cash basis NOI.

Reconciliations of net income attributable to common shareholders to

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