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Diversified Healthcare Trust (DHC) 10-Year Financial Performance & Capital Metrics

DHC • • REIT / Real Estate
Real EstateHealthcare REITsDiversified healthcare real estate
AboutDHC 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.Show more
  • Revenue $1.54B +2.8%
  • FFO -$24M +71.9%
  • FFO/Share -0.10 +72.0%
  • FFO Payout 0% +100.0%
  • FFO per Share -0.10 +72.0%
  • NOI Margin -15.95% -193.1%
  • FFO Margin -1.56% +72.6%
  • ROE -15.78% +8.5%
  • ROA -6.02% +14.0%
  • Debt/Assets -
  • Net Debt/EBITDA -0.47 -108.8%
  • Book Value/Share 6.93 -15.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 72.0% TTM
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Trading near 52-week high
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Low NOI margin of -16.0%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.41%
5Y-1.18%
3Y6.21%
TTM2.84%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM22.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM23.01%

ROCE

10Y Avg4.5%
5Y Avg1.1%
3Y Avg2.42%
Latest-0.83%

Peer Comparison

Diversified healthcare real estate
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DOCHealthpeak Properties, Inc.12.29B17.68176.804.52%2.53%0.86%10.19%1.26
VTRVentas, Inc.40.45B86.16159.5618.47%4.28%1.92%3.17%1.04
WELLWelltower Inc.144.26B207.12149.0138%8.62%2.16%2%0.07
SILASila Realty Trust, Inc.1.41B25.7342.885.72%16.77%2.49%8.44%
DHCDiversified Healthcare Trust1.64B6.76-5.682.84%-18.59%-17.16%
AHRAmerican Healthcare REIT, Inc.8.93B52.24-180.1411.38%1.24%1%0.94%0.81
NHPBPNational Healthcare Properties, Inc.18.802.27%-22.97%-12.27%1.67

Compare DHC vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs WELL

Compare head-to-head with Welltower Inc.

vs VTR

Compare head-to-head with Ventas, Inc.

Compare Top 5

vs WELL, VTR, DOC, AHR

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue+1.06B1.07B1.12B1.04B1.63B1.38B1.28B1.41B1.5B1.54B
Revenue Growth %5.93%1.58%3.95%-6.89%56.9%-15.25%-7.2%9.87%6.04%2.84%
Property Operating Expenses401.88M413.89M451.77M502.17M1.24B1.09B1.11B1.19B1.24B1.78B
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+46.56M103.69M85.89M37.03M30.59M305.22M265.71M26.13M26.52M-206.06M
G&A Expenses46.56M103.69M85.89M37.03M30.59M34.09M26.43M26.13M26.52M45.5M
EBITDA+892.48M828.65M859.95M783.19M627M257.31M148.31M483.01M514.92M222.66M
EBITDA Margin %----------
Depreciation & Amortization+282.89M271.51M280.45M282.23M262.74M271.13M239.53M283.84M285.06M261.92M
D&A / Revenue %----------
Operating Income+609.59M557.14M579.5M500.95M364.26M-13.82M-91.22M199.17M229.86M-39.27M
Operating Margin %----------
Interest Expense+167.57M165.02M179.29M180.11M201.48M255.76M209.38M191.78M235.24M204.5M
Interest Coverage3.64x3.38x3.23x2.78x1.81x-0.05x-0.44x1.04x0.98x-0.19x
Non-Operating Income287.83M276.86M286.24M289.02M270.15M-450.93M-279.48M284.08M284.96M40.41M
Pretax Income+141.72M152.26M292.89M-82.44M-133.06M181.36M-15.06M-293.13M-369.79M-284.14M
Pretax Margin %----------
Income Tax+424K454K476K436K1.25M1.43M710K445K467K1.74M
Effective Tax Rate %----------
Net Income+141.29M147.61M286.87M-88.23M-139.45M174.51M-15.77M-293.57M-370.25M-285.89M
Net Margin %----------
Net Income Growth %13.98%4.47%94.34%-130.76%-58.05%225.14%-109.04%-1761.11%-26.12%22.79%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %12.31%-1.19%35.36%-65.8%-36.45%261.46%-49.79%-104.35%-775.47%71.87%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+0.600.621.21-0.37-0.590.73-0.07-1.23-1.55-1.19
EPS Growth %11.11%3.33%95.16%-130.58%-59.46%223.73%-109.07%-1758.01%-26.02%23.23%
EPS (Basic)0.600.621.21-0.37-0.590.73-0.07-1.23-1.55-1.19
Diluted Shares Outstanding237.38M237.45M237.55M237.6M237.74M237.97M238.31M238.84M239.53M240.29M

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets+7.23B7.29B7.16B6.65B6.48B6.62B6B5.45B5.14B4.36B
Asset Growth %0.61%0.92%-1.83%-7.07%-2.67%2.27%-9.38%-9.26%-5.68%-15.1%
Real Estate & Other Assets+-7.01B-7.05B-6.97B6.05B87.97M149.12M5.1B4.92B4.53B0
PP&E (Net)6.35B6.37B6.34B05.72B5.08B023.37M00
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Total Current Assets+35.58M47.32M70.07M263.78M308.09M1.1B697.4M262.49M430.18M105.41M
Cash & Equivalents31.75M31.24M54.98M37.36M74.42M634.85M658.07M245.94M144.58M105.41M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Assets3.83M16.08M17.02M224.44M128.87M382.1M30.62M10.47M281.54M0
Intangible Assets514.45M472.26M419.24M337.88M286.51M48.75M45.35M33.95M26.3M20.66M
Total Liabilities4.03B4.02B3.98B3.78B3.86B3.96B3.36B3.11B3.18B2.7B
Total Debt+3.82B3.77B3.73B3.58B3.5B3.68B3.08B2.82B2.91B0
Net Debt3.79B3.74B3.68B3.54B3.43B3.05B2.42B2.57B2.77B-105.41M
Long-Term Debt3.69B3.67B3.2B2.27B3.19B3.67B2.35B2.82B2.91B0
Short-Term Borrowings21.31M0446.14M537.5M299.27M0700M000
Capital Lease Obligations106.04M96.02M86.3M771.44M12.22M10.99M30.18M000
Total Current Liabilities+345.47M613.99M165.18M577.1M326.57M29.84M734.62M29.94M38.1M0
Accounts Payable0000000000
Deferred Revenue4.03B4.02B3.98B0000000
Other Liabilities-116.31M-367.7M526.79M158.81M326.68M250.4M250.81M262.46M229.15M2.7B
Total Equity+6.98B3.45B3.34B2.88B2.62B2.66B2.64B2.34B1.96B1.67B
Equity Growth %107.88%-50.61%-3.27%-13.77%-8.96%1.65%-0.89%-11.43%-16.18%-14.97%
Shareholders Equity3.2B3.28B3.18B2.74B2.5B2.66B2.64B2.34B1.96B1.67B
Minority Interest3.78B172.24M156.76M140.53M123.39M00000
Common Stock2.38M2.38M2.38M2.38M2.38M2.39M2.4M2.4M2.41M2.42M
Additional Paid-in Capital4.53B4.61B4.61B4.61B4.61B4.62B4.62B4.62B4.62B0
Retained Earnings-1.37B-1.59B-1.59B-1.88B00-1.98B-2.28B-2.66B0
Preferred Stock0172.24M156.76M0000000
Return on Assets (ROA)1.96%2.03%3.97%-1.28%-2.12%2.66%-0.25%-5.13%-7%-6.02%
Return on Equity (ROE)2.73%2.83%8.45%-2.84%-5.07%6.61%-0.6%-11.8%-17.24%-15.78%
Debt / Assets52.86%51.69%52.16%53.78%54.09%55.57%51.28%51.72%56.67%-
Debt / Equity0.55x1.09x1.12x1.24x1.34x1.38x1.17x1.21x1.49x-
Net Debt / EBITDA4.25x4.51x4.28x4.52x5.47x11.84x16.32x5.32x5.37x-0.47x
Book Value per Share29.4214.5314.0512.1111.0211.1911.079.788.186.93

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+426.81M407.05M392.84M265.85M158.54M-63.32M-40.35M10.48M112.22M-19.62M
Operating CF Growth %5.25%-4.63%-3.49%-32.33%-40.36%-139.94%36.27%125.98%970.52%-117.48%
Operating CF / Revenue %----------
Net Income141.29M151.8M292.41M-82.88M-134.31M179.93M-15.77M-293.57M-370.25M-285.89M
Depreciation & Amortization282.89M271.51M280.45M282.23M262.74M263.92M239.53M283.84M285.06M262.04M
Stock-Based Compensation2.19M2.15M2.22M0000000
Other Non-Cash Items-645K-46.4M-183.12M117.37M43.28M-442.05M-265.74M48.05M190.6M4.23M
Working Capital Changes3.27M30.14M3.1M-50.88M-13.18M-65.12M1.64M-27.84M6.82M0
Cash from Investing+-292.87M-221.44M99.09M86.17M-40.44M242.7M387.71M-202.11M-187.02M483.57M
Acquisitions (Net)0255.93M000367.03M108.42M0-21.18M0
Purchase of Investments-227.07M-159.29M-129.49M0000000
Sale of Investments1000K1000K1000K1000K000000
Other Investing-292.87M-221.44M99.09M-12.39M-40.44M-124.34M279.28M-202.11M-165.84M483.57M
Cash from Financing+-139.84M-186.13M-469.18M-369.86M-79.48M746.72M-676M-249.71M-22.31M-492.01M
Dividends Paid-370.49M-370.61M-370.75M-199.72M-42.83M-9.54M-9.57M-9.6M-9.63M0
Common Dividends-370.49M-370.61M-370.75M-199.72M-42.83M-9.54M-9.57M-9.6M-9.63M0
Debt Issuance (Net)1000K-1000K-1000K-1000K-1000K1000K-1000K-1000K-1000K0
Share Repurchases-452K-341K-411K-299K-171K-383K-171K-393K-904K-1.15M
Other Financing-12.49M229.79M-25.47M-22M-28.05M-32.7M-27.19M-22.68M-8.56M-492.01M
Net Change in Cash+-5.91M-511K22.75M-17.85M38.63M926.1M-328.64M-441.34M-97.11M-28.05M
Exchange Rate Effect0000000000
Cash at Beginning37.66M31.75M47.32M70.07M52.22M90.85M1.02B688.3M246.96M149.85M
Cash at End31.75M31.24M70.07M52.22M90.85M1.02B688.3M246.96M149.85M121.8M
Free Cash Flow+133.94M185.62M491.93M265.85M158.54M-63.32M-40.35M10.48M112.22M-19.62M
FCF Growth %116.81%38.58%165.03%-45.96%-40.36%-139.94%36.27%125.98%970.52%-117.48%
FCF / Revenue %----------

Key Ratios

Metric2016201720182019202020212022202320242025
FFO per Share1.791.772.390.820.521.870.94-0.04-0.36-0.1
FFO Payout Ratio87.34%88.42%65.35%102.95%34.74%2.14%4.28%-98.6%-11.3%0%
NOI Margin62.02%61.49%59.56%51.72%24.19%21.07%13.59%15.98%17.14%-15.95%
Net Debt / EBITDA4.25x4.51x4.28x4.52x5.47x11.84x16.32x5.32x5.37x-0.47x
Debt / Assets52.86%51.69%52.16%53.78%54.09%55.57%51.28%51.72%56.67%-
Interest Coverage3.64x3.38x3.23x2.78x1.81x-0.05x-0.44x1.04x0.98x-0.19x
Book Value / Share29.4214.5314.0512.1111.0211.1911.079.788.186.93
Revenue Growth5.93%1.58%3.95%-6.89%56.9%-15.25%-7.2%9.87%6.04%2.84%

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