Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares
January 12 2023 - 8:00AM
Business Wire
Diversified Healthcare Trust (Nasdaq: DHC) today announced a
regular quarterly cash distribution on its common shares of $0.01
per common share ($0.04 per share per year). This distribution will
be paid to DHC’s common shareholders of record as of the close of
business on January 23, 2023 and distributed on or about February
16, 2023.
About Diversified Healthcare Trust:
DHC is a real estate investment trust, or REIT, focused on
owning high-quality healthcare properties located throughout the
United States. DHC seeks diversification across the health services
spectrum by care delivery and practice type, by scientific research
disciplines and by property type and location. As of September 30,
2022, DHC’s approximately $7.0 billion portfolio included 379
properties in 36 states and Washington, D.C., occupied by
approximately 500 tenants, and totaling approximately 9 million
square feet of life science and medical office properties and more
than 27,000 senior living units. DHC is managed by The RMR Group
(Nasdaq: RMR), a leading U.S. alternative asset management company
with more than $37 billion in assets under management as of
September 30, 2022 and more than 35 years of institutional
experience in buying, selling, financing and operating commercial
real estate. To learn more about DHC, visit www.dhcreit.com.
WARNING CONCERNING
FORWARD-LOOKING STATEMENTS
This press release 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 intent, beliefs and expectations, but
these statements and the implications of these statements are not
guaranteed to occur and may not occur for various reasons, some of
which are beyond DHC’s control.
For example, this press release states that DHC’s regular
quarterly cash distribution rate is $0.01/share per quarter or
$0.04/share per year. A possible implication of this statement is
that DHC will continue to pay quarterly distributions of
$0.01/share per quarter or $0.04/share per year in the future.
DHC’s distribution rate may be set and reset from time to time by
DHC’s Board of Trustees. DHC’s Board of Trustees considers many
factors when setting or resetting DHC’s distribution rate,
including DHC’s historical and projected net income, normalized
funds from operations, requirements to maintain DHC’s qualification
for taxation as a REIT, limitations in DHC’s debt agreements, the
availability to DHC of debt and equity capital, DHC’s expectation
of its future capital requirements and operating performance, DHC’s
expected needs for and availability of cash to pay its obligations
and other factors deemed relevant by DHC’s Board of Trustees in its
discretion. Further, DHC’s projected cash available for
distribution may change and may vary from its expectations.
Accordingly, future distributions to DHC’s shareholders may be
increased or decreased and DHC cannot be sure as to the rate at
which future distributions will be paid.
You should not place undue reliance upon forward-looking
statements.
Except as required by law, DHC does not intend to update or
change any forward-looking statements as a result of new
information, future events or otherwise.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20230111005950/en/
Melissa McCarthy, Manager, Investor Relations (617) 796-8234
Diversified Healthcare (NASDAQ:DHC)
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