NEWTON, Mass. (AP) _ Diversified Healthcare Trust (DHC) on Wednesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The real estate investment trust, based in Newton, Massachusetts, said it had funds from operations of $5.8 million, or 2 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 3 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $67.5 million, or 28 cents per share.
The residential care real estate investment trust posted revenue of $362.7 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $4.14. A year ago, they were trading at $3.01.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHC at https://www.zacks.com/ap/DHC
∎
نظر شما