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Diversified Healthcare: Q1 Earnings Snapshot

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...

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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.

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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

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