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Diversified Healthcare Trust DHC · USD

Real Estate · US listing · 🇺🇸 United States

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7.32

+4.27%

Close of 9 Nov 2026, in USD

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About Diversified Healthcare Trust

From its filings with the US Securities and Exchange Commission

SEC filings

Diversified Healthcare Trust is based in Newton, Massachusetts and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker DHC. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $1.54bn and a net loss of $285.9m. At that date it held total assets of $4.36bn and shareholders' equity of $1.67bn. By business, Residents fees and services brought in 85.4% of revenue, followed by Rental income at 14.6%.

In its own words

We are a real estate investment trust, or REIT, that was organized under Maryland law in 1998. We primarily own senior living communities, medical office and life science properties and other healthcare related properties throughout the United States. As of December 31, 2025, we owned 298 properties, including 13 properties classified as held for sale, located in 33 states and Washington, D.C.

As of December 31, 2025, we owned an equity interest in each of two unconsolidated joint ventures that own medical office and life science properties located in five states with an aggregate of approximately 2.2 million rentable square feet that were 99% leased with an average (by annualized rental income) remaining lease term of 14.2 years.

Our principal executive offices are located at Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts 02458-1634, and our telephone number is (617) 796-8350.

The healthcare industry remains one of the most resilient commercial real estate sectors, in part due to the scale of the U.S. healthcare market, which collectively represents approximately 18% of the U.S. gross domestic product, or GDP, according to the Centers for Medicare and Medicaid Services, or CMS. The healthcare sector’s continued expansion has been driven by rising standards of care, increasing life expectancies and other demographic trends, as well as funding from both public and private sources.

Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
6 Oct 1999
Employees
600
Website
dhcreit.com ↗
Head office
C/O THE RMR GROUP, NEWTON, MA, 02458
Incorporated in
MD
Classification
Real Estate Investment Trusts
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Adam PortnoyChairman of the Board of Trustees$90,000
  • Mr. Christopher BilottoPresident, Chief Executive Officer, Trustee, since 2024$431,608
  • Mr. Matthew BrownChief Financial Officer, Treasurer$136,358
  • Ms. Jennifer ClarkSecretary, since 2018$29,400
  • Ms. Lisa JonesLead Independent Trustee$192,500
  • Mr. Alan FelderIndependent Trustee
  • Mr. John HarringtonIndependent Trustee$195,000
  • Ms. Phyllis HollisIndependent Trustee$190,000
  • Ms. Dawn NeherIndependent Trustee$175,000
  • Mr. Jeffrey SomersIndependent Trustee$190,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
70
Environment
64
Social
73
Governance
74
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Diversified Healthcare Trust has a strong market presence and reputation in the healthcare real estate industry.
  • The company has a diverse portfolio of healthcare properties, providing stability and potentially reducing risks.
  • Diversified Healthcare Trust has a solid financial position, with strong cash flow and stable revenues.

Weaknesses

  • The company may be susceptible to regulatory changes in the healthcare sector, which could impact its operations and profitability.
  • Diversified Healthcare Trust relies heavily on rental income from its properties, making it vulnerable to tenant defaults or vacancy rates.
  • The company may face challenges in finding new investment opportunities in the highly competitive healthcare real estate market.

Opportunities

  • The increasing demand for healthcare services due to an aging population presents growth opportunities for Diversified Healthcare Trust.
  • Expansion into new geographic markets or healthcare sectors can provide the company with additional revenue streams.
  • Diversified Healthcare Trust can leverage technological advancements in the healthcare industry to enhance its services and attract more tenants.

Threats

  • Intense competition from other healthcare real estate companies can potentially impact Diversified Healthcare Trust's market share and profitability.
  • Economic downturns or financial crises may negatively affect the demand for healthcare services and subsequently impact the company's rental income.
  • Changes in healthcare regulations or policies may increase operational costs and create uncertainty for Diversified Healthcare Trust.

Sources and methodology

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