NEWTON, Mass. (AP) _ Diversified Healthcare Trust (DHC) on Tuesday reported a loss in funds from operations in its first quarter, after reporting a profit in the same period a year earlier.

The real estate investment trust, based in Newton, Massachusetts, said it had a funds from operations loss of $21.9 million, or 9 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 net income of $240.4 million, or $1.01 per share.

The residential care real estate investment trust posted revenue of $310.7 million in the period.

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