Diversified Healthcare Trust (DHC) Q3 2024 Earnings Call Transcript

Diversified Healthcare Trust (NASDAQ:DHC) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET

Company Participants

Melissa McCarthy – Manager, IR
Chris Bilotto – President & CEO
Matthew Brown – CFO

Conference Call Participants

Bryan Maher – B. Riley FBR
Justin Haasbeek – RBC Capital Markets

Operator

Good morning, and welcome to the Diversified Healthcare Trust Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Melissa McCarthy, Manager of Investor Relations. Please go ahead.

Melissa McCarthy

Thank you, Drew. Good morning. Joining me on today’s call are Chris Bilotto, President and Chief Executive Officer; and Matt Brown, Chief Financial Officer and Treasurer. Today’s call includes a presentation by management, followed by a question-and-answer session with sell-side analysts. Please note that the recording and retransmission of today’s conference call is strictly prohibited without the prior written consent of the company.

Today’s conference call 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 beliefs and expectations as of today, Tuesday, November 5, 2024. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today’s conference call other than through filings with the Securities and Exchange Commission or SEC.

In addition, this call may contain non-GAAP numbers including normalized funds from operations or normalized FFO, net operating income or NOI and cash basis net operating income or cash basis NOI. A reconciliation of these non-GAAP measures to net income is available in our financial results package, which can be found on our

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