Diversified Healthcare Trust(DHC)Earnings, Financials & Key Ratios

DHC•NASDAQ•REIT / Real Estate

$9.20

Price updated Jul 7, 2026

SectorReal Estate IndustryHealthcare REITs Sub-IndustryDiversified healthcare real estate

AboutDHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA.Show more

Revenue$1.54B+2.8%
FFO-$24M+71.9%
FFO/Share-0.10+72.0%
FFO Payout-40.32%-256.8%
FFO per Share-0.10+72.0%
NOI Margin-15.95%-193.1%
FFO Margin-1.56%+72.6%
ROE-15.78%+8.5%
ROA-6.02%+14.0%

DHC Price & Volume

Diversified Healthcare Trust (DHC) stock price & volume — 10-year historical chart

Loading chart...

Persistent Operational Losses Threaten Asset Value Stability

Investment Thesis • Updated 2026Q1

VerdictNegative: The company's fundamental inability to generate positive AFFO

Growth:Contracting

Profitability:Negative

Financial:Vulnerable

Cash Flow:Burning

Primary Risk:Operational insolvency and liquidity

Key Thesis Takeaways

Diversified Healthcare Trust faces a precarious outlook characterized by systemic operational insolvency within its Senior Housing Operating Portfolio and a rapid erosion of shareholder equity from $2.3B in 2023Q4 to $1.6B in 2026Q1.
The company's inability to generate positive AFFO, evidenced by a $15.5M deficit in 2026Q1, suggests that the current dividend payout and capital expenditure requirements are unsustainable without external financing.
Investors should remain cautious as the combination of negative revenue growth of -5.3% and significant cash burn creates a high-risk environment for long-term capital preservation.

Verdict Logic

which stood at -$15.5M in 2026Q1, indicates a structural failure to cover operational costs and dividend distributions.

DHC Growth Metrics

Diversified Healthcare Trust (DHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.41%

5 Years-1.18%

3 Years6.21%

TTM0.39%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-9.28%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-9.11%

Return on Capital

10 Years4.5%

5 Years1.1%

3 Years2.42%

Last Year-0.83%

DHC Recent Earnings

Diversified Healthcare Trust (DHC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)

Q2 2026Latest

May 4, 2026

Metric

Actual

Est

EPS

$0.14+4.5%

$0.15

Rev

$366M-3.6%

$380M

Q1 2026

Feb 23, 2026

Metric

Actual

Est

EPS

$0.09+160.0%

$0.15

Rev

$380M-3.4%

$393M

Q4 2025

Nov 3, 2025

Metric

Actual

Est

EPS

$0.04-50.0%

$0.08

Rev

$389M-1.1%

$393M

Q3 2025

Aug 4, 2025

Metric

Actual

Est

EPS

$0.08+0.0%

$0.08

Rev

$383M+0.2%

$382M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 4, 2026	$0.14vs $0.15+4.5%	$366Mvs $380M-3.6%
Q1 2026	Feb 23, 2026	$0.09vs $0.15+160.0%	$380Mvs $393M-3.4%
Q4 2025	Nov 3, 2025	$0.04vs $0.08-50.0%	$389Mvs $393M-1.1%
Q3 2025	Aug 4, 2025	$0.08vs $0.08+0.0%	$383Mvs $382M+0.2%

Based on last 12 quarters of dataView full earnings history →

Latest DHC News

Recent stock market news and headlines for Diversified Healthcare Trust (DHC)

Business Wire·1 day ago

Diversified Healthcare Trust Second Quarter 2026 Conference Call Scheduled for Tuesday, August 4th

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its second quarter 2026 financial results after the Nasdaq closes on Monday, August 3, 2026. On Tuesday, August 4, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Chris Bilotto, Chief Financial Officer and Treasurer Matthew Brown and Vice President Anthony Paula will host a conference call to discuss these results. The conference call te.

Zacks Investment Research·6 days ago

Are You Looking for a Top Momentum Pick? Why Diversified Healthcare (DHC) is a Great Choice

Does Diversified Healthcare (DHC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research·Jun 18, 2026

Diversified Healthcare (DHC) Upgraded to Buy: What Does It Mean for the Stock?

Diversified Healthcare (DHC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Zacks Investment Research·Jun 15, 2026

Diversified Healthcare (DHC) is a Great Momentum Stock: Should You Buy?

Does Diversified Healthcare (DHC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Peers Comparison

Key metrics vs top competitors for Diversified Healthcare Trust (DHC)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
DHCDiversified Healthcare TrustCurrent	$9.20	$2.23B	-7.73	2.84%	-18.59%	-15.78%	0.44%
VTRVentas, Inc.	$94.07	$44.73B	174.20	18.47%	4.25%	2.08%	—
WELLWelltower Inc.	$237.59	$166.46B	170.93	35.82%	12.31%	3.49%	—
OHIOmega Healthcare Investors, Inc.	$49.62	$14.78B	25.58	13.95%	51.02%	11.85%	—
SBRASabra Health Care REIT, Inc.	$20.06	$5.06B	31.34	10.15%	19.21%	5.6%	—
LTCLTC Properties, Inc.	$39.23	$2.01B	15.57	25.26%	39.08%	10.9%	—

Compare DHC vs Peers

Diversified Healthcare Trust (DHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VTR

Most directly comparable listed peer for DHC.

Scale Benchmark

vs WELL

Larger-name benchmark to compare DHC against a more recognizable public peer.

Peer Set

Compare Top 5

vs VTR, WELL, OHI, SBRA

DHC SEC Filings & Documents

Diversified Healthcare Trust (DHC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 4, 2025·SEC

Get notified when DHC posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

DHC Frequently Asked Questions

Diversified Healthcare Trust (DHC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Diversified Healthcare Trust's revenue?

Diversified Healthcare Trust (DHC) reported $1.52B in revenue for fiscal year 2025. This represents a 1618% increase from $88.3M in 1998.

How fast is Diversified Healthcare Trust growing?

Diversified Healthcare Trust (DHC) grew revenue by 2.8% over the past year. Growth has been modest.

Is DHC profitable?

Diversified Healthcare Trust (DHC) reported a net loss of $320.2M for fiscal year 2025.

Dividend & Returns

Does DHC pay dividends?

Yes, Diversified Healthcare Trust (DHC) pays a dividend with a yield of 0.44%. This makes it attractive for income-focused investors.

What is DHC's return on equity?

Diversified Healthcare Trust (DHC) has a return on equity (ROE) of -15.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

What is Diversified Healthcare Trust's FFO?

Diversified Healthcare Trust (DHC) generated Funds From Operations (FFO) of $-63.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in DHC back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 4, 2026

$0.14vs $0.15+4.5%

$366Mvs $380M-3.6%

Q1 2026

Feb 23, 2026

$0.09vs $0.15+160.0%

$380Mvs $393M-3.4%

Q4 2025

Nov 3, 2025

$0.04vs $0.08-50.0%

$389Mvs $393M-1.1%

Q3 2025

Aug 4, 2025

$0.08vs $0.08+0.0%

$383Mvs $382M+0.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

DHCDiversified Healthcare TrustCurrent

$9.20

$2.23B

-7.73

2.84%

-18.59%

-15.78%

0.44%

VTRVentas, Inc.

$94.07

$44.73B

174.20

18.47%

4.25%

2.08%

—

WELLWelltower Inc.

$237.59

$166.46B

170.93

35.82%

12.31%

3.49%

—

OHIOmega Healthcare Investors, Inc.

$49.62

$14.78B

25.58

13.95%

51.02%

11.85%

—

SBRASabra Health Care REIT, Inc.

$20.06

$5.06B

31.34

10.15%

19.21%

5.6%

—

LTCLTC Properties, Inc.

$39.23

$2.01B

15.57

25.26%

39.08%

10.9%

—