Diversified Healthcare Trust
Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and operates a diversified portfolio of healthcare properties throughout the United States. The company's principal executive offices are located in Newton, Massachusetts, and its website is www.diversifiedhealthcare.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Diversified Healthcare Trust does
In the company’s own words
Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and operates a diversified portfolio of healthcare properties throughout the United States. The company's principal executive offices are located in Newton, Massachusetts, and its website is www.diversifiedhealthcare.com.
As of December 31, 2025, DHC owned 298 properties located in 33 states and Washington, D.C., including 13 properties classified as held for sale. The company also maintains equity interests in two unconsolidated joint ventures that own medical office and life science properties comprising approximately 2.2 million rentable square feet across five states.
The company operates through multiple property segments. Its Senior Housing Operating Portfolio, or SHOP, consists of 212 senior living communities managed by 14 third-party operators. These communities include independent living facilities, assisted living communities, memory care communities, and skilled nursing facilities. DHC's Medical Office and Life Science Portfolio comprises commercial properties leased to healthcare providers, physicians, clinics, and life science or laboratory tenants. The company also owns wellness centers offering exercise facilities, sports training, and related services.
DHC employs a taxable REIT subsidiary structure for its senior living communities, leasing properties to its TRS entities which then contract with third-party managers to operate the facilities. This structure allows the company to maintain REIT qualification while generating operating income from managed properties. Management agreements typically provide managers with fees based on gross revenues plus reimbursement of direct costs, with potential incentive fees tied to EBITDA performance.
The company's investment strategy focuses on capitalizing on demographic trends, particularly the aging U.S. population. According to Census data, the age 75+ demographic is projected to grow at an average annual rate of 4% between 2025 and 2035. DHC pursues a diversified approach to capital deployment, utilizing both debt and equity financing, and selectively acquires, develops, redevelops, and repositions properties to enhance returns. The company also pursues strategic dispositions to manage leverage, improve portfolio quality, and fund future acquisitions. RMR, an alternative asset management company, provides day-to-day management and administrative services to DHC.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- NEWTON, MA
- Fiscal year end
- December
- CIK
- 1075415
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Diversified Healthcare Trust — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Diversified Healthcare Trust’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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