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Diversified Healthcare Trust (DHC)

Diversified Healthcare Trust brought in $1.5B of revenue over the twelve months to June 30, 2026, down 1.5% from a year earlier. It posted a net loss of $266M. In fiscal 2025 capital spending exceeded operating cash flow by $166.4M. At June 30, 2026 it held $116.8M in cash against $2.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 3, 2026.

Watch DHC in 60 seconds
Price
$7.96
-2.09% on the day · September 28, 2026
52-week range $3.92 to $9.66
Market cap
$1.9B
Revenue (last 12 months)
$1.5B
-1.5% year on year
Net margin
-17.7%

What Diversified Healthcare Trust does

Diversified Healthcare Trust is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NASDAQ under the ticker DHC.

Revenue and profit by year

Revenue
FY18: $1.1B $1.1B FY18FY19: $1B $1B FY19FY20: $1.6B $1.6B FY20FY21: $1.4B $1.4B FY21FY22: $1.3B $1.3B FY22FY23: $1.4B $1.4B FY23FY24: $1.5B $1.5B FY24FY25: $1.5B $1.5B FY25
Net income
FY18: $286.9M $286.9M FY18FY19: -$88.2M -$88.2M FY19FY20: -$139.5M -$139.5M FY20FY21: $174.5M $174.5M FY21FY22: -$15.8M -$15.8M FY22FY23: -$293.6M -$293.6M FY23FY24: -$370.3M -$370.3M FY24FY25: -$285.9M -$285.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$1.5Bn/a-$285.9M-$1.19-$166.4M
2024$1.5Bn/a-$370.3M-$1.55-$89.5M
2023$1.4Bn/a-$293.6M-$1.23-$224.5M
2022$1.3Bn/a-$15.8M-$0.07-$339.7M
2021$1.4Bn/a$174.5M$0.73-$290.9M
2020$1.6Bn/a-$139.5M-$0.59-$27M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 2, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 3, 2025. Not a date the company has announced. See the report calendar

Where DHC ranks in Real estate

Revenue$1.5B
#51 of 230 in Real estate · Top 22%
Revenue growth+2.8%
#114 of 205 in Real estate · Bottom 45%
Net margin-18.6%
#177 of 208 in Real estate · Bottom 15%
Free cash flow margin-10.8%
#104 of 116 in Real estate · Bottom 10%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Dividends

Diversified Healthcare Trust paid $0.04 per share in fiscal 2025. At the current price that is a yield of 0.50%. It paid out $9.7M in cash dividends.

Fiscal yearPer sharePaid outOf profit
2025$0.04$9.7Mn/a
2024$0.04$9.6Mn/a
2023$0.04$9.6Mn/a
2022$0.04$9.6Mn/a
2021$0.04$9.5M5%
2020$0.18$42.8Mn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Diversified Healthcare Trust has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 14, 2026
  2. August 12, 2026
  3. August 3, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 4.5% to $365.4M versus the same quarter last year; diluted EPS -$0.16 versus -$0.38.
  4. August 3, 2026
  5. July 28, 2026
  6. June 12, 2026
  7. June 1, 2026
  8. May 5, 2026
  9. May 4, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 5.3% to $366.5M versus the same quarter last year; diluted EPS -$0.18 versus -$0.04.
  10. May 4, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 21, 2026. Insider transactions on SEC

Insider trades

What the people running Diversified Healthcare Trust did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 6 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
September 17, 2026 Bilotto Christopher J.President and CEO, Director Shares withheld for tax 25,118 $8.13 $204.2K Form 4
September 17, 2026 Brown Matthew C.CFO and Treasurer Shares withheld for tax 13,895 $8.13 $113K Form 4
September 17, 2026 Portnoy Adam D.Director Shares withheld for tax 19,315 $8.13 $157K Form 4
September 10, 2026 Bilotto Christopher J.President and CEO, Director Received as pay 59,681 - - Form 4
September 10, 2026 Brown Matthew C.CFO and Treasurer Received as pay 53,050 - - Form 4
September 10, 2026 Portnoy Adam D.Director Received as pay 59,681 - - Form 4
June 10, 2026 Hollis Phyllis M.Director Received as pay 12,401 - - Form 4
June 10, 2026 Felder Alan L.Director Received as pay 12,401 - - Form 4
June 10, 2026 Portnoy Adam D.Director Received as pay 12,401 - - Form 4
June 10, 2026 Bilotto Christopher J.President and CEO, Director Received as pay 12,401 - - Form 4
June 10, 2026 Neher Dawn K.Director Received as pay 12,401 - - Form 4
June 10, 2026 Somers Jeffrey P.Director Received as pay 12,401 - - Form 4
June 10, 2026 Jones Lisa HarrisDirector Received as pay 12,401 - - Form 4
December 15, 2025 Bilotto Christopher J.President and CEO, Director Bought 20,000 $4.89 $97.7K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns DHC

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Flat Footed LLC13G, passive with 2 related filers 9.7% 23,487,002 August 14, 2026

Latest filings below 5%: H/2 Special Opportunities IV L.P. 4.98% (August 12, 2026); The Vanguard Group 0% (March 26, 2026); Charles Schwab Investment Management, Inc. 2.7% (November 8, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 239 managers reported a position.

HolderSharesValueChange on quarter
Flat Footed LLC23,487,002$218.4M0
BlackRock, Inc.23,076,173$214.6M-802,514
Silver Point Capital L.P.15,504,810$144.2M0
Vanguard Portfolio Management LLC10,592,743$98.5M+1,774,923
Vanguard Capital Management LLC9,675,173$90M+75,470
State Street Corp9,002,069$83.7M+15,157
Geode Capital Management, LLC7,060,965$65.7M+452,468
Davidson Kempner Capital Management LP6,409,530$59.6M+161,700
Nomura Holdings Inc6,277,985$58.4M-1,054,287
Carronade Capital Management, LP6,139,329$57.1M+870,894
Charles Schwab Investment Management Inc5,237,744$48.7M-647,076
Healthcare of Ontario Pension Plan Trust Fund5,000,000$46.5M0
BlackBarn Capital Partners LP4,075,000$37.9M-737,413
Jpmorgan Chase & Co3,010,894$28.9M+237,506
Arrowstreet Capital, Limited Partnership3,041,186$28.3M+686,362
Centersquare Investment Management LLC2,862,591$26.6M+160
Northern Trust Corp2,801,935$26.1M+602,662
Dimensional Fund Advisors LP2,617,725$24.3M+217,921
Bank of New York Mellon Corp2,376,453$22.1M-13,960
Goldman Sachs Group Inc2,248,031$20.9M+949,934

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

8 insiders reported holding 1,536,316 shares in total, about $12.2M at the last price.

HolderSharesAs of
Portnoy Adam D.Director 467,924 September 17, 2026
Bilotto Christopher J.President and CEO, Director 314,067 September 17, 2026
Somers Jeffrey P.Director 177,079 June 10, 2026
Jones Lisa HarrisDirector 170,287 June 10, 2026
Brown Matthew C.CFO and Treasurer 153,109 September 17, 2026
Hollis Phyllis M.Director 100,148 June 10, 2026
Neher Dawn K.Director 78,579 June 10, 2026
Felder Alan L.Director 75,124 June 10, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about DHC

What does Diversified Healthcare Trust do?

Diversified Healthcare Trust is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NASDAQ under the ticker DHC.

Is Diversified Healthcare Trust profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $266M on revenue of $1.5B.

How much revenue does Diversified Healthcare Trust make?

Over the twelve months to June 30, 2026 Diversified Healthcare Trust reported revenue of $1.5B. That is 1.5% less than a year earlier.

When did Diversified Healthcare Trust last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 3, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 21, 2026.

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Where the numbers come from

Financial figures are the values Diversified Healthcare Trust tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.