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Diversified Healthcare Trust Shares Decline After Q1 Normalized FFO Declines
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Diversified Healthcare Trust Shares Decline After Q1 Normalized FFO Declines
May 7, 2024 10:42 AM

01:29 PM EDT, 05/07/2024 (MT Newswires) -- Diversified Healthcare Trust ( DHC ) shares fell 7% in recent Tuesday trading, a day after the company reported Q1 results.

The company posted Q1 normalized funds from operations Monday of $0.01 per share, down from $0.05 a year earlier.

Three analysts polled by Capital IQ expected $0.01.

Revenue in the quarter ended March 31 rose to $370.8 million from $346 million a year earlier.

Three analysts surveyed by Capital IQ expected $370.7 million.

Price: 2.38, Change: -0.18, Percent Change: -7.03

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