Diversified Healthcare Trust | REIT Profile

Symbol: DHC
CIK: 1075415
Exchange: NASDAQ
HQ: Newton, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Health Care
Externally Managed REIT

See DHC on Yahoo Finance
See DHC on SEC.gov

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About Diversified Healthcare Trust

Diversified Healthcare Trust (Nasdaq: DHC) is a real estate investment trust (REIT) that owns approximately $7.1 billion of high-quality healthcare properties located in 36 states and Washington, D.C. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines and by property type and location. DHC’s life science and medical office portfolio includes over 100 properties totaling approximately nine million square feet and is occupied by almost 500 tenants. DHC’s senior living portfolio contains more than 27,000 senior living units.


Diversified Healthcare Trust Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$2.23 $2.30 $2.16 $2.21 $2.25 920,091 -$0.02 -0.89%

Last update: 2025-04-22 10:09:20 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 5.2

Dividend of Trading Day 2025-04-21


Dividend Yield: 1.78%*
Annualized Dividend: $0.04*
Dividend Yield (TTM): 1.8%
Annualized Dividend (TTM): $0.04
Ex-Dividend Date: 2025-04-22
Dividend Date: 2025-05-15
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Diversified Healthcare Trust

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for DHC.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 Normalized AFFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 Normalized AFFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day 2025-04-21


Market Capitalization: $541,575,000
EBITDA: $229,963,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 8.12
Dividend Per Share: $0.04
EPS: -1.55
Revenue Per Share TTM: $6.24
ProfitMargin: -24.80%
Operating Margin TTM: -3.20%
Return on Assets TTM: -0.65%
Return on Equity TTM: -17.20%
Revenue TTM: $1,495,427,000
Gross Profit TTM: $256,375,000
Diluted EPS TTM: $-1.55
Quarterly Earnings Growth YOY: -68.40%
Quarterly Revenue Growth YOY: 5.00%
Trailing P/E: N/A
Forward P/E: N/A
Beta: 2.01
Price to Sales Ratio TTM: 0.36
Price to Book Ratio: 0.28
EV to Revenue: 2.21
EV to EBITDA: 22.22x
Shares Outstanding: 241,236,000
52 Week High: $4.21
52 Week Low: $2.00
50 Day Moving Average: $2.51
200 Day Moving Average: $2.89

Properties Owned by DHC


DHC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $8.01 per share you would have been able to buy 124 shares of DHC on 2024-04-22 costing $993.24 @ $8.01 per share you would have been able to buy 62 shares of DHC on 2024-04-22 costing $496.62 @ $8.01 per share you would have been able to buy 31 shares of DHC on 2024-04-22 costing $248.31 @ $8.01 per share you would have been able to buy 12 shares of DHC on 2024-04-22 costing $96.12 @ $8.01 per share you would have been able to buy 6 shares of DHC on 2024-04-22 costing $48.06
Current worth On 2024-07-05 these 124 shares would be worth $396.80 @ $3.20 On 2024-07-05 these 62 shares would be worth $198.40 @ $3.20 On 2024-07-05 these 31 shares would be worth $99.20 @ $3.20 On 2024-07-05 these 12 shares would be worth $38.40 @ $3.20 On 2024-07-05 these 6 shares would be worth $19.20 @ $3.20
Dividends earned $6.20 in dividends would have been earned since 2024-04-22 with 124 shares. $3 in dividends would have been earned since 2024-04-22 with 62 shares. $1.55 in dividends would have been earned since 2024-04-22 with 31 shares. $0.60 in dividends would have been earned since 2024-04-22 with 12 shares. $0.30 in dividends would have been earned since 2024-04-22 with 62 shares.
Net (gain / loss)* -590.24 USD -295.12 USD -147.56 USD -57.12 USD -28.56 USD
ROI** -59.43% -59.43% -59.43% -59.43% -59.43%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by DHC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
DHC 2025-04-22 0.010 --- 2025-04-10 2025-04-22 2025-05-15
DHC 2025-01-27 0.010 --- 2025-01-16 2025-01-27 2025-02-20
DHC 2024-10-28 0.010 --- 2024-10-16 2024-10-28 2024-11-14
DHC 2024-07-22 0.010 --- 2024-07-11 2024-07-22 2024-08-15
DHC 2024-04-19 0.010 --- 2024-04-11 2024-04-22 2024-05-16
DHC 2024-01-19 0.010 --- 2024-01-11 2024-01-22 2024-02-15
DHC 2023-10-20 0.010 --- 2023-10-12 2023-10-23 2023-11-16
DHC 2023-07-21 0.010 --- 2023-07-13 2023-07-24 2023-08-17
DHC 2023-04-21 0.010 --- 2023-04-13 2023-04-24 2023-05-18
DHC 2023-01-20 0.010 --- 2023-01-12 2023-01-23 2023-02-16
DHC 2022-10-21 0.010 --- 2022-10-13 2022-10-24 2022-11-17
DHC 2022-07-22 0.010 --- 2022-07-14 2022-07-25 2022-08-18
DHC 2022-04-22 0.010 --- 2022-04-14 2022-04-25 2022-05-19
DHC 2022-01-21 0.010 --- 2022-01-13 2022-01-24 2022-02-17
DHC 2021-10-22 0.010 --- 2021-10-14 2021-10-25 2021-11-18
DHC 2021-07-23 0.010 --- 2021-07-15 2021-07-26 2021-08-19
DHC 2021-04-23 0.010 --- 2021-04-15 2021-04-26 2021-05-20
DHC 2021-01-22 0.010 --- 2021-01-14 2021-01-25 2021-02-18
DHC 2020-10-23 0.010 --- 2020-10-15 2020-10-26 2020-11-19
DHC 2020-07-24 0.010 --- 2020-07-16 2020-07-27 2020-08-20

Financial Statements Overview


The next Earnings Report for DHC is 2024-07-30

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Assets 2024-12-31 2024-09-30 QoQ
Current Assets
Cash and Cash Equivalents at Carrying Value 144,584,000 256,527,000
Short-Term Investments 0 0
Cash and Short Term Investments 144,584,000 256,527,000
Current Net Receivables 0 0
Inventory 0 261,400,000
Other Current Assets 281,540,000 86,036,000
Total Current Assets 430,181,000 342,563,000 25.6%
Non-Current Assets
Property Plant Equipment 0 0
Accumulated Depreciation Amortization PPE 0 0
Long-Term Investments 151,449,000 134,271,000
Investments 0 0
Intangible Assets Excluding Goodwill 0 27,868,000
Goodwill 0 0
Intangible Assets 0 27,868,000
Other Non-Current Assets 0 0
Total Non-Current Assets 4,706,824,000 27,868,000 16,789.7%
Total Assets 5,137,005,000 5,285,196,000 -2.8%
Liabilities
Current Liabilities
Current Accounts Payable 0 0
Deferred Revenue 0 0
Current Debt 0 0
Short-Term Debt 0 0
Current Long-Term Debt 0 0
Short Long-Term Debt Total 2,910,904,000 2,945,291,000
Other Current Liabilities 38,105,000 25,206,000
Total Current Liabilities 38,105,000 25,206,000 51.2%
Non-Current Liabilities
Long-Term Debt Noncurrent 0 0
Long-Term Debt 2,910,904,000 2,817,455,000
Capital Lease Obligations 0 127,836,000
Other Non-Current Liabilities 229,153,000 266,295,000
Total Non-Current Liabilities 3,140,057,000 3,211,586,000
Total Liabilities 3,178,162,000 3,236,792,000 -1.8%
Shareholders' Equity
Common Stock 2,413,000 2,413,000
Common Stock Shares Outstanding 239,601,000 239,667,000
Treasury Stock 0 0
Retained Earnings -2,663,866,000 -2,574,007,000
Total Shareholder Equity 1,958,843,000 2,048,404,000 -4.4%

Amounts in USD ($)

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Income Statement 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Total Revenue 370,776,000 361,535,000 356,524,000 346,219,000
Cost of Revenue 0 0 0 0
Gross Profit 370,776,000 361,535,000 356,524,000 346,219,000
Research and Development 0 0 0 0
Selling General and Admin 7,568,000 6,020,000 6,954,000 7,284,000
Operating Expense 385,391,000 394,125,000 376,298,000 367,949,000
Operating Income -14,615,000 -32,590,000 -19,774,000 -21,730,000
Income Expense Net (Other) 0 0 0 0
EBIT -12,717,000 -55,188,000 -19,919,000 -18,801,000
Interest Income 57,576,000 48,853,000 47,758,000 47,384,000
Pretax Income -86,072,000 -102,498,000 -65,590,000 -72,350,000
Income Tax 187,000 66,000 189,000 221,000
Minority Interest 0 0 0 0
Net Income -86,259,000 -102,564,000 -65,779,000 -72,571,000
Net Income Basic -86,259,000 -102,564,000 -65,779,000 -72,571,000

Amounts in USD ($)

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Cash Flow 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Net Income -86,259,000 -102,564,000 -65,779,000 -72,571,000
Depreciation 70,133,000 83,653,000 67,236,000 68,419,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 207,123,000 245,939,000 278,122,000 338,431,000
Cash Flow 28,602,000 -7,209,000 -14,031,000 25,681,000
Capital Expenditures -46,723,000 -66,607,000 -60,466,000 -47,642,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -58,839,000 -51,265,000 -60,466,000 -33,636,000
Dividends Paid 0 0 0 0
Net Borrowings 2,630,721,000 2,570,910,000 2,506,858,000 2,446,072,000
Cash Flow Financing -8,561,000 26,330,000 -3,481,000 -17,631,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 4.9
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.1
9 Dividend to Normalized AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios during the last four quarters. 9.0
10 Dividend to Normalized AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
4 Normalized AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
3 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.2
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.9
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
1 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.8
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.6
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.4
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.3
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.4
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.1
5.2 Overall REITRating™ Score (See trend) 6.3

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-04-22 - v5.9