DHC - NASDAQ

Diversified Healthcare Trust

DHC·NASDAQ

$8.59

+0.62%

Real EstateREIT - Healthcare Facilities

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.08B

EPS-1.1900

P/E Ratio-7.22

Earnings Date08/03/2026

-19.62M

Operating Cash Flow

-117%

3Y-51.0%

5Y-112.0%

10Y-105.0%

483.57M

Investing Cash Flow

-359%

3Y+25.0%

5Y-1296.0%

10Y-265.0%

-492.01M

Financing Cash Flow

2105%

3Y-27.0%

5Y+519.0%

10Y+252.0%

Diversified Healthcare Trust Cash Conversion Engine

DHC · NASDAQ

FCF Components

Net Income-285.89M

Depreciation & Amortization262.04M

Stock-Based Compensation0.00

Change in Working Capital33.26M

Others-29.03M

Capital Expenditures0.00

Free Cash Flow-19.62M

Cash Flow Quality Analysis

FCF Conversion Rate

6.9%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

FCF Growth Trend

-117.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$33.26M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Diversified Healthcare Trust Cash Flow Statement

DHC • NASDAQ

Diversified Healthcare Trust Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	-285.9M	-370.3M	-293.6M	-15.8M	179.9M	-134.3M	-82.9M	292.4M	151.8M	141.3M	124M	158.6M	151.2M	135.9M	151.4M	116.5M	109.7M	106.5M	87.3M	68.5M
Depreciation & Amortization	262M	285.1M	283.8M	239.5M	263.9M	262.7M	282.2M	280.4M	271.5M	282.9M	253.7M	183.1M	157.5M	143.1M	113.2M	91.3M	79.6M	63M	47.4M	44.1M
Change in Deferred Taxes	0.0	0.0	0.0	0.0	0.0	0.0	-1.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	0.0	0.0	0.0	0.0	0.0	0.0	1.4M	2.2M	2.2M	2.2M	1.4M	1.9M	2M	1.8M	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	-29M	190.6M	48.1M	-265.7M	-442.1M	43.3M	117.4M	-183.1M	-46.4M	-645K	26.8M	-4.5M	7.6M	308K	-14M	10.8M	17.8M	8.1M	3.5M	3.3M
Cash Taxes Paid	(1.8M)	(484K)	(677K)	(935K)	(2.8M)	(399K)	(452K)	(474K)	(441K)	(435K)	(477K)	(155K)	(600K)	(389K)	(264K)	(259K)	(0.0)	(0.0)	(0.0)	(0.0)
Change in Working Capital	33.3M	6.8M	-27.8M	1.6M	-65.1M	-13.2M	-50.9M	3.1M	30.1M	3.3M	1M	13.7M	-9.6M	4.1M	4.9M	-3.3M	2.3M	6.8M	-2.3M	-3.5M
Cash from Operating Activities	-19.6M	112.2M	10.5M	-40.4M	-63.3M	158.5M	265.8M	392.8M	407.1M	426.8M	405.5M	350.9M	306.7M	283.3M	255.6M	215.3M	209.4M	184.5M	135.9M	112.3M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-222.4M	(99.1M)	-221.4M	-292.9M	-1.2B	-1.3B	-245.6M	-365.9M	(38.7M)	-467.4M	(0.0)	(0.0)	-110.2M	-133.1M
Acquisitions, Net	(0.0)	-21.2M	(0.0)	(108.4M)	(367M)	(0.0)	(98.6M)	(0.0)	(255.9M)	(0.0)	-17.3M	-825K	(0.0)	(0.0)	-837.7M	-467.4M	-547.6M	-862.9M	(0.0)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-50.6M	-129.5M	-159.3M	-227.1M	(1.2B)	(0.0)	(0.0)	(0.0)	-5M	-76K	-14.1M	(0.0)	(10.2M)	(0.0)
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	0.0	98.6M	332.4M	55.1M	33.9M	6.6M	0.0	0.0	0.0	42M	0.0	0.0	0.0	0.0	0.0
Other Investing Items	483.6M	-165.8M	-202.1M	279.3M	-124.3M	-40.4M	162.1M	99.1M	-221.4M	-292.9M	-1.2B	-1.3B	92.6M	38M	-80M	468.9M	4.9M	21.3M	-10.2M	6.9M
Cash from Investing Activities	(483.6M)	-187M	-202.1M	(387.7M)	(242.7M)	-40.4M	(86.2M)	(99.1M)	-221.4M	-292.9M	-1.2B	-1.3B	-153M	-327.9M	-842.1M	-466.1M	-556.8M	-841.6M	-110.2M	-126.3M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-1.1M	-904K	-393K	-171K	-383K	-171K	-299K	-411K	-341K	-452K	659.3M	322.8M	261.8M	287.1M	432.2M	282M	224M	522.9M	260.4M	120.8M
Net Issuance of Debt	-443.5M	-3.2M	-217M	-639.1M	789.3M	-8.4M	-546.3M	-72.6M	-45M	243.6M	519.1M	892.5M	-126.4M	48.5M	404.3M	158.6M	311.6M	242.2M	-135.5M	18.3M
Cash Paid for Dividends	-9.7M	-9.6M	-9.6M	-9.6M	-9.5M	-42.8M	-199.7M	-370.7M	-370.6M	-370.5M	-356.4M	-305.8M	-288.9M	-259.5M	-223.5M	-184.8M	-171.5M	-144.4M	-112.6M	-93.4M
Share Repurchases	-1.1M	-904K	-393K	-171K	-383K	-171K	-299K	-411K	-341K	-452K	-212K	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	-37.7M	-8.6M	-22.7M	-27.2M	-32.7M	-28M	376.5M	-25.5M	229.8M	-12.5M	655.1M	-8M	-3.3M	-12.6M	-13.8M	-4.7M	-12.2M	-1.1M	0.0	-40.9M
Cash from Financing Activities	-492M	-22.3M	-249.7M	-676M	746.7M	-79.5M	-369.9M	-469.2M	-186.1M	-139.8M	817.6M	901.5M	-156.8M	63.4M	599.2M	251.1M	351.9M	619.6M	12.4M	4.7M
CASH FLOW SUMMARY
Net Change in Cash	-28.1M	-97.1M	-441.3M	-328.6M	926.1M	38.6M	-17.8M	22.8M	-511K	-5.9M	10.1M	-11.6M	-3.1M	18.8M	12.7M	372K	4.5M	-37.5M	38.1M	-9.2M
Cash at Beginning of Period	149.9M	247M	688.3M	1B	90.8M	52.2M	70.1M	47.3M	31.7M	37.7M	27.6M	39.2M	42.4M	23.6M	10.9M	10.5M	6M	43.5M	5.5M	14.6M
Cash at End of Period	121.8M	149.9M	247M	688.3M	1B	90.8M	52.2M	70.1M	31.2M	31.7M	37.7M	27.6M	39.2M	42.4M	23.6M	10.9M	10.5M	6M	43.5M	5.5M
Free Cash Flow	-19.6M	112.2M	10.5M	-40.4M	-63.3M	158.5M	43.4M	491.9M	185.6M	133.9M	-796.9M	-912.3M	61.1M	-82.6M	294.2M	-252.1M	209.4M	184.5M	25.7M	-20.8M

SEC Filings

DHC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 04, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 19, 2026	June 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 24, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 23, 2026	February 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 14, 2026	January 09, 2026	2026	View Filing
8-K 8-K 2025 N/A	January 05, 2026	December 31, 2025	2025	View Filing

Showing 1 to 10 of 453 filings

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