NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Diversified Healthcare Trust (DHC) on Monday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Newton, Massachusetts, said it had funds from operations of $33.1 million, or 14 cents per share, in the period.
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 $43.3 million, or 18 cents per share.
The residential care real estate investment trust, based in Newton, Massachusetts, posted revenue of $366.5 million in the period.
Diversified Healthcare expects full-year funds from operations in the range of 52 cents to 58 cents per share.
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