DHC Q3: Revenue Up, Transitioning Portfolio

DHCs Q3 earnings show a four percent revenue increase to $388.7 million, with normalized funds from operations at $9.7 million or four cents per share. The company is transitioning its senior housing portfolio, with eighty-five communities already switched and the rest by year-end. Temporary labor costs rose but are easing in Q4. Senior housing occupancy and pricing improved, driving net operating income up seven percent. Asset sales are progressing, with forty-four properties sold and thirty-eight more under contract. Guidance remains steady, with expectations of tighter margins and real cash flow gains to boost shareholder value. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4b69a37085dd477b