Diversified Healthcare Trust
Owns senior housing, medical offices, and life science real estate across the United States.
Something off on this page? Send us feedback.
Profile
Owns senior living communities, medical offices, and life science properties across the United States. Resident fees from third-party-operated communities provide most revenue, while healthcare and biotech tenants pay rent; The RMR Group externally manages the trust.
Owns healthcare real estate across the United States, with a Senior Housing Operating Portfolio alongside medical office and life science properties. The senior living communities span independent living, assisted living, memory care, and skilled nursing; regional operators run them under management agreements, while resident fees and services generate most revenue. Medical providers, clinics, biotechnology laboratories, and related businesses lease the office and research space under a mix of net and full-service leases.
Combines a geographically broad property base with specialized regional managers, allowing pricing, staffing, sales, and resident care to be handled locally. REIT rules generally prevent direct operation of senior living communities, so taxable subsidiaries contract with third-party managers. Business and much of property management are provided under long-term agreements with The RMR Group.
Company facts
Key statistics
Year to date +53.3% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 18, 2026 | RBC Capital | Reiterate | Sector Perform | $8 | ||
| Jun 3, 2026 | Maxim Group | Reiterate | Buy | $10 | $10.50 | |
| May 6, 2026 | Maxim Group | Target | $9.50 | $10 | ||
| Apr 27, 2026 | Maxim Group | Target | $9.50 | |||
| Nov 13, 2025 | RBC Capital | Upgrade | Underperform | Sector Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.15 | −$0.16 | −9.1% | $370.8M | $365.4M | −1.4% | −0.11% |
| May 4, 2026Q1 FY26 | −$0.15 | −$0.14 | +4.5% | $380.2M | $366.5M | −3.6% | +5.28% |
| Feb 23, 2026Q4 FY25 | −$0.15 | $0.09 | +160.0% | $392.9M | $379.6M | −3.4% | −0.81% |
| Nov 3, 2025Q3 FY25 | $0.08 | $0.04 | −50.0% | $392.9M | $388.7M | −1.1% | −4.75% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $386.9M | $382.7M | $388.7M | $379.6M | $366.5M | $365.4M | |
| Gross profit | $72.5M | $70.1M | $63.3M | −$51.5M | −$49.9M | −$40.6M | |
| Operating income | $63.5M | −$7.3M | −$14.8M | −$11.1M | −$4.7M | −$518.0K | |
| Net income | −$9.0M | −$91.6M | −$164.0M | −$21.2M | −$43.3M | −$37.4M | |
| Diluted EPS | −$0.04 | −$0.38 | −$0.68 | −$0.09 | −$0.18 | −$0.16 | |
| Gross margin | 18.7% | 18.3% | 16.3% | -13.6% | -13.6% | -11.1% | |
| Operating margin | 16.4% | -1.9% | -3.8% | -2.9% | -1.3% | -0.1% |
Fiscal years (4-quarter sums)FY21 $1.38B · FY22 $1.28B · FY23 $1.41B · FY24 $1.50B · FY25 $1.54B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $116.8M · Total debt $2.42B · Total assets $4.24B · Shareholders' equity $1.58B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 20, 2026 | Jul 20 | Aug 13 | $0.01 | |
| Apr 21, 2026 | Apr 21 | May 14 | $0.01 | |
| Jan 26, 2026 | Jan 26 | Feb 19 | $0.01 | |
| Oct 27, 2025 | Oct 27 | Nov 13 | $0.01 | |
| Jul 21, 2025 | Jul 21 | Aug 14 | $0.01 | |
| Apr 22, 2025 | Apr 22 | May 15 | $0.01 | |
| Jan 27, 2025 | Jan 27 | Feb 20 | $0.01 | |
| Oct 28, 2024 | Oct 28 | Nov 14 | $0.01 |
Ownership
Shares outstanding 242.11M · Float 186.79M · 77.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Flat Footed LLC | 23.49M | 9.70% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 23.08M | 9.53% | 13F | Aug 7, 2026 |
| Silver Point Capital L.P. | 15.50M | 6.40% | 13F | Aug 17, 2026 |
| H/2 Credit Manager LP | 12.82M | 5.29% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 10.59M | 4.38% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Welltower
Largest US senior-housing REIT, dominant SHOP peer with vastly greater scale.
- Ventas
Closest segment-for-segment peer: SHOP + MOB + research at much greater scale.
- Healthpeak Properties
Largest pure-play outpatient medical + life-science REIT; head-to-head on MOB.
- Healthcare Realty
Largest pure-play US medical outpatient REIT; head-to-head on MOB.
- Alexandria Real Estate Equities
Premier US life-science REIT; direct overlap on DHC's life-science campuses.
- Sabra Health Care REIT
Self-managed REIT shifting from NNN to SHOP — overlap on DHC's top segment.
- Omega Healthcare Investors
Largest US SNF-focused triple-net REIT growing into senior housing via RIDEA.
- CareTrust REIT
Triple-net REIT in SNF and senior housing, expanding into DHC's NNN space.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Diversified Healthcare Trust | $7.65 | +0.20% | $1.85B | — | — | 1.2 | −4.5% |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| Healthpeak Properties | $20.79 | −0.79% | $14.45B | 59.9 | 101.1 | 4.9 | +8.0% |
| Healthcare Realty | $18.99 | 0.00% | $6.66B | — | 275.4 | 5.8 | −5.3% |
| Alexandria Real Estate Equities | $51.98 | +0.81% | $8.99B | — | — | 3.0 | −15.6% |
| Sabra Health Care REIT | $20.45 | −0.80% | $5.20B | 78.5 | 28.1 | 6.0 | +24.7% |
| Omega Healthcare Investors | $46.34 | +0.75% | $13.76B | 16.4 | 23.9 | 10.6 | −7.0% |
| CareTrust REIT | $39.03 | 0.00% | $9.22B | 24.2 | 25.2 | 17.0 | +5.1% |
| Median | 69.2 | 87.0 | 6.5 | +6.5% |