Diversified Healthcare Trust most recently reported annual revenue of $1.5B, a net loss of $286.0M. Revenue declined at an average annual rate of 1.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Diversified Healthcare Trust: Revenue rose from $1.1B in 2016 to $1.5B in 2025, a change of +45.4% over 9 years; net profit was positive in 4 of 10 reported years; operating margin moved from 57.6% to -2.5%, a shift of -60.2 percentage points; the most recent year shows a net loss of $286.0M.
Income Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Revenue
$1.1B
$1.1B
$1.1B
$1.0B
$1.6B
$1.4B
$1.3B
$1.4B
$1.5B
$1.5B
Operating Expenses
$448.0M
$518.0M
$538.0M
$539.0M
$1.3B
$1.4B
$1.4B
$1.2B
$1.3B
$1.6B
Operating Profit
$610.0M
$557.0M
$580.0M
$501.0M
$364.0M
$-14.0M
$-91.0M
$199.0M
$230.0M
$-39.0M
Operating Margin
57.6%
51.8%
51.9%
48.2%
22.3%
-1.0%
-7.1%
14.1%
15.4%
-2.5%
Other Income
$-468.0M
$-405.0M
$-287.0M
$-583.0M
$-497.0M
$195.0M
$76.0M
$-492.0M
$-600.0M
$-245.0M
Interest
$168.0M
$165.0M
$179.0M
$180.0M
$201.0M
$256.0M
$209.0M
$192.0M
$235.0M
$204.0M
Depreciation
$283.0M
$272.0M
$280.0M
$282.0M
$263.0M
$271.0M
$240.0M
$284.0M
$285.0M
$262.0M
Profit Before Tax
$142.0M
$152.0M
$293.0M
$-82.0M
$-133.0M
$181.0M
$-15.0M
$-293.0M
$-370.0M
$-284.0M
Tax
$300,000
$300,000
$160,000
$-530,000
$-940,000
$790,000
$-4.7M
$-150,000
$-130,000
$-610,000
Net Profit
$141.0M
$148.0M
$287.0M
$-88.0M
$-139.0M
$175.0M
$-16.0M
$-294.0M
$-370.0M
$-286.0M
EPS
$0.60
$0.62
$1.21
$-0.37
$-0.59
$0.73
$-0.07
$-1.23
$-1.55
$-1.19
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
$346.0M
$357.0M
$362.0M
$371.0M
$371.0M
$374.0M
$380.0M
$387.0M
$383.0M
$389.0M
$380.0M
$366.0M
Operating Expenses
$300.0M
$309.0M
$310.0M
$315.0M
$312.0M
$324.0M
$317.0M
$323.0M
$390.0M
$404.0M
$391.0M
$371.0M
Operating Profit
$47.0M
$47.0M
$51.0M
$56.0M
$59.0M
$50.0M
$63.0M
$64.0M
$-7.0M
$-15.0M
$-11.0M
$-5.0M
Operating Margin
13.5%
13.3%
14.1%
15.0%
15.9%
13.3%
16.6%
16.4%
-1.9%
-3.8%
-2.9%
-1.3%
Interest
$47.0M
$48.0M
$49.0M
$58.0M
$59.0M
$59.0M
$60.0M
$58.0M
$51.0M
$50.0M
$95.0M
$37.0M
Profit Before Tax
$-72.0M
$-66.0M
$-102.0M
$-86.0M
$-98.0M
$-99.0M
$-87.0M
$-9.0M
$-91.0M
$-164.0M
$-21.0M
$-43.0M
Tax
$-310,000
$-290,000
$-60,000
$-220,000
$-170,000
$-150,000
$40,000
$-550,000
$-930,000
$-210,000
$-2.5M
$-1.5M
Net Profit
$-73.0M
$-66.0M
$-103.0M
$-86.0M
$-98.0M
$-99.0M
$-87.0M
$-9.0M
$-92.0M
$-164.0M
$-21.0M
$-43.0M
EPS
$-0.30
$-0.28
$-0.43
$-0.36
$-0.41
$-0.41
$-0.36
$-0.04
$-0.38
$-0.68
$-0.09
$-0.18
Over the 10 years reported for Diversified Healthcare Trust, borrowings decreased from $3.8B in 2016 to $2.4B in 2025, cash stood at $122.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 94.00 times.
Balance Sheet — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
$7.2B
$7.3B
$7.2B
$6.7B
$6.5B
$6.6B
$6.0B
$5.4B
$5.1B
$4.4B
Current Assets
$36.0M
$47.0M
$70.0M
$264.0M
$308.0M
$1.1B
$697.0M
$262.0M
$430.0M
$188.0M
Cash
$32.0M
$31.0M
$55.0M
$37.0M
$74.0M
$635.0M
$658.0M
$246.0M
$145.0M
$122.0M
Inventory
$-18.0M
$-19.0M
$-19.0M
$0
$0
$0
$0
$0
$0
$0
Receivables
$18.0M
$19.0M
$19.0M
$2.0M
$105.0M
$82.0M
$9.0M
$6.0M
$4.0M
$66.0M
Fixed Assets
$6.3B
$6.4B
$6.3B
$0
$5.7B
$5.1B
$0
$23.0M
$0
$17.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$116.0M
$163.0M
$142.0M
$2.0M
$74.0M
$247.0M
$161.0M
$130.0M
$151.0M
$4.0B
Other Assets
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total Liabilities
$4.0B
$4.0B
$4.0B
$3.8B
$3.9B
$4.0B
$3.4B
$3.1B
$3.2B
$2.7B
Current Liabilities
$345.0M
$614.0M
$165.0M
$577.0M
$327.0M
$30.0M
$735.0M
$30.0M
$38.0M
$2.0M
Borrowings
$3.8B
$3.8B
$3.7B
$3.6B
$3.5B
$3.7B
$3.1B
$2.8B
$2.9B
$2.4B
Other Liabilities
$208.0M
$246.0M
$246.0M
$198.0M
$354.0M
$280.0M
$285.0M
$292.0M
$267.0M
$278.0M
Equity
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
Reserves
$3.2B
$3.3B
$3.2B
$2.7B
$2.5B
$2.7B
$2.6B
$2.3B
$2.0B
$1.7B
For Diversified Healthcare Trust, operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was negative at $20.0M; free cash flow was positive in 7 of 10 years; financing activities used $39.0M in the latest year, which covers debt repayment, dividends and buybacks.