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DIVERSIFIED HEALTHCARE TRUST

DHC Clue Score29
United States Fiscal year ends December CIK 0001075415
$7.50 -0.66% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $7.50 +111.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,058.0Operating income303.1Net income141.3Fiscal year 2017Revenue1,074.7 +1.6%Operating income275.2Net income147.6 +4.5%Fiscal year 2018Revenue1,117.2 +3.9%Net income286.9 +94.3%Fiscal year 2019Revenue1,040.2 −6.9%Net income−88.2 −130.8%EPS, diluted−0.37Fiscal year 2020Revenue1,632.0 +56.9%Net income−139.5EPS, diluted−0.59Fiscal year 2021Revenue1,383.2 −15.2%Net income174.5EPS, diluted0.73Fiscal year 2022Revenue1,283.6 −7.2%Net income−15.8 −109.0%EPS, diluted−0.07 −109.6%Fiscal year 2023Revenue1,410.3 +9.9%Net income−293.6EPS, diluted−1.23Fiscal year 2024Revenue1,495.4 +6.0%Net income−370.3EPS, diluted−1.55Fiscal year 2025Revenue1,537.9 +2.8%Net income−285.9EPS, diluted−1.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,058.0 1,074.7 1,117.2 1,040.2 1,632.0 1,383.2 1,283.6 1,410.3 1,495.4 1,537.9
Growth +1.6% +3.9% −6.9% +56.9% −15.2% −7.2% +9.9% +6.0% +2.8%
Operating income 303.1 275.2 n/a n/a n/a n/a n/a n/a n/a n/a
Net income 141.3 147.6 286.9 −88.2 −139.5 174.5 −15.8 −293.6 −370.3 −285.9
Growth +4.5% +94.3% −130.8% −109.0%
EPS, diluted n/a n/a n/a −0.37 −0.59 0.73 −0.07 −1.23 −1.55 −1.19
Growth −109.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin28.6%Net margin13.4%Fiscal year 2017Operating margin25.6%Net margin13.7%Fiscal year 2018Net margin25.7%Fiscal year 2019Net margin−8.5%Fiscal year 2020Net margin−8.5%Fiscal year 2021Net margin12.6%Fiscal year 2022Net margin−1.2%Fiscal year 2023Net margin−20.8%Fiscal year 2024Net margin−24.8%Fiscal year 2025Net margin−18.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 28.6% 25.6% n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 13.4% 13.7% 25.7% −8.5% −8.5% 12.6% −1.2% −20.8% −24.8% −18.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow424.5Buybacks−0.5Dividends paid−370.5Fiscal year 2017Operating cash flow419.3Buybacks−0.3Dividends paid−370.6Fiscal year 2018Operating cash flow392.8Buybacks−0.4Dividends paid−370.7Fiscal year 2019Operating cash flow265.8Buybacks−0.3Dividends paid−199.7Fiscal year 2020Operating cash flow158.5Buybacks−0.2Dividends paid−42.8Fiscal year 2021Operating cash flow−63.3Buybacks−0.4Dividends paid−9.5Fiscal year 2022Operating cash flow−40.4Buybacks−0.2Dividends paid−9.6Fiscal year 2023Operating cash flow10.5Buybacks−0.4Dividends paid−9.6Fiscal year 2024Operating cash flow112.2Buybacks−0.9Dividends paid−9.6Fiscal year 2025Operating cash flow−19.6Buybacks−1.1Dividends paid−9.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 424.5 419.3 392.8 265.8 158.5 −63.3 −40.4 10.5 112.2 −19.6
Buybacks −0.5 −0.3 −0.4 −0.3 −0.2 −0.4 −0.2 −0.4 −0.9 −1.1
Dividends paid −370.5 −370.6 −370.7 −199.7 −42.8 −9.5 −9.6 −9.6 −9.6 −9.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash31.7Shareholders’ equity3,199.4Fiscal year 2017Cash31.2Shareholders’ equity3,105.0Fiscal year 2018Cash55.0Total debt3,683.6Net cash (debt)−3,628.6Shareholders’ equity3,023.1Debt to equity1.22Fiscal year 2019Cash37.4Shareholders’ equity2,736.5Fiscal year 2020Cash74.4Shareholders’ equity2,495.8Fiscal year 2021Cash634.8Shareholders’ equity2,662.4Fiscal year 2022Cash658.1Shareholders’ equity2,638.6Fiscal year 2023Cash245.9Shareholders’ equity2,336.9Fiscal year 2024Cash144.6Total debt3,050.3Net cash (debt)−2,905.8Shareholders’ equity1,958.8Debt to equity1.56Fiscal year 2025Cash105.4Total debt2,444.1Net cash (debt)−2,338.7Shareholders’ equity1,665.6Debt to equity1.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 31.7 31.2 55.0 37.4 74.4 634.8 658.1 245.9 144.6 105.4
Total debt n/a n/a 3,683.6 n/a n/a n/a n/a n/a 3,050.3 2,444.1
Net cash (debt) n/a n/a −3,628.6 n/a n/a n/a n/a n/a −2,905.8 −2,338.7
Shareholders’ equity 3,199.4 3,105.0 3,023.1 2,736.5 2,495.8 2,662.4 2,638.6 2,336.9 1,958.8 1,665.6
Debt to equity n/a n/a 1.22 n/a n/a n/a n/a n/a 1.56 1.47

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,058.0 1,074.7 1,117.2 1,040.2 1,632.0 1,383.2 1,283.6 1,410.3 1,495.4 1,537.9
Growth +1.6% +3.9% −6.9% +56.9% −15.2% −7.2% +9.9% +6.0% +2.8%
46.6 103.7 85.9 37.0 30.6 34.1 26.4 26.1 26.5 45.5
303.1 275.2 n/a n/a n/a n/a n/a n/a n/a n/a
Growth −9.2%
141.6 151.6 292.4 −82.8 −133.1 181.4 −21.1 −272.7 −371.4 −320.9
0.4 0.5 0.5 0.4 1.3 1.4 0.7 0.4 0.5 1.7
141.3 147.6 286.9 −88.2 −139.5 174.5 −15.8 −293.6 −370.3 −285.9
Growth +4.5% +94.3% −130.8% −109.0%
Per share
n/a n/a n/a −0.37 −0.59 0.73 −0.07 −1.23 −1.55 −1.19
n/a n/a n/a −0.37 −0.59 0.73 −0.07 −1.23 −1.55 −1.19
Growth −109.6%
237.3 237.4 237.5 237.6 237.7 238.0 238.3 238.8 239.5 240.3
237.4 237.5 237.5 237.6 237.7 238.0 238.3 238.8 239.5 240.3
Growth +0.0% +0.0% +0.0% +0.1% +0.1% +0.1% +0.2% +0.3% +0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 1.2% a year over five years.
  • The diluted share count rose 1.1% in five years, which is dilution.
  • A net loss in 6 of 10 years on file.