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Diversified Healthcare Trust (DHC) on Q1 2020 Results - Earnings Call Transcript

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Diversified Healthcare Trust (NASDAQ:DHC) Q1 2020 Earnings Conference Call May 7, 2020 10:00 AM ET

Company Participants

Michael Kodesch - Director, IR

Jennifer Francis - President & COO

Richard Siedel - CFO & Treasurer

Conference Call Participants

Bryan Maher - B. Riley FBR, Inc.


Good day, and welcome to the Diversified Healthcare Trust First Quarter 2020 Results Conference Call and Webcast. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Mr. Michael Kodesch, Director of Investor Relations. Mr. Kodesch, the floor is yours, sir.

Michael Kodesch

Thank you. Welcome to Diversified Healthcare Trust call covering the first quarter 2020 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 a 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 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, Thursday, May 7, 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, EBITDAR or adjusted EBITDA and cash basis net operating income or cash basis NOI. Reconciliations of net income attributable to common shareholders through these non-GAAP figures and the components to calculate AFFO, CAD or FAD, are available in our supplemental operating and

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