Summary : Diversified Healthcare Trust (DHC) on Wednesday reported a loss in a key measure in its second quarter. It takes net income and adds back items such as depreciation and amortization.
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
NEWTON, Mass. (AP) _ Diversified Healthcare Trust (DHC) on Wednesday reported a loss in a key measure in its second quarter.
The real estate investment trust, based in Newton, Massachusetts, said it had a funds from operations loss of $10.4 million, or 4 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 $109.4 million, or 46 cents per share.
The residential care real estate investment trust posted revenue of $313 million in the period.
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
