Diversified Healthcare Trust (DHC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Diversified Healthcare Trust

NasdaqGS•Real Estate•REIT - Healthcare Facilities

$8.01-0.12(-0.01%)Market closed

Market Cap

$1.93B

P/S

1.3x

P/B

1.2x

Diversified Healthcare Trust is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC's portfolio is anchored by a strategically curated mix of senior housing, medical office and life science assets that combine high quality care, modern technology and amenity rich environments to meet rising demand across the healthcare continuum. As of June 30, 2026, DHC's approximately 6.3 billion dollar portfolio included 285 properties in 33 states and Washington, D.C., with 23,797 senior living units, approximately 5.6 million square feet of medical office and life science properties and occupied by approximately 250 tenants. DHC is managed by The RMR Group, a leading U.S. alternative asset management company with over 37 billion dollar in assets under management as of June 30, 2026 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, Massachusetts. Diversified Healthcare Trust was established in 1998 and is incorporated in Maryland.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Profitability (13/25); weakest: Cash & Earnings Quality (6/25).

Profitability13/25

Growth11/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality6/25

Strengths

Profit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 0.6x5y range 0.6x – 4.1x

Currently below its 4-quarter median.

P/S · 1.3x5y range 0.1x – 1.3x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.1x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.93B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.50B
Q. Revenue: $365.39M
TTM EBITDA: $-128.56M
TTM Op. Income: $-128.56M
Q. Op. Income: $-518,000
TTM Net Income: $-265.95M
Q. Net Income: $-37.42M
EPS: $-0.16
Shares Out.: $240.75M

$1.50B in TTM revenue declined 1.5% YoY, reaching $365.39M last quarter. TTM EBITDA of $-128.56M and TTM operating income of $-128.56M show growth is flowing through to the bottom line. However, net income is negative at $265.95M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -0.1%
Op. Margin: -0.1%
Net Margin: -10.2%

Op. margin of -0.1% is up 9.9% YoY — cost efficiency is improving. Net margin at -10.2% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.3x
P/B Ratio: 1.2x

P/S of 1.3x and P/B of 1.2x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.24B
Cash: $116.79M
Long-Term Debt: $2.44B
Book Value: $1.58B
D/E Ratio: 1.5
Debt/EBITDA: N/A

With $4.24B in assets and $2.44B in long-term debt, D/E is 1.5and book value is $1.58B — moderate leverage. Across the last 4 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $38.38M
TTM Free Cash Flow: $-155.01M
FCF Margin: -10.3%
FCF / Net Income: 0.6

TTM FCF of $-155.01M on $38.38M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 57% — a weakening trend.