Filing Flows › Diversified Healthcare Trust (DHC) › Q1 2025
Diversified Healthcare Trust (DHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Diversified Healthcare Trust (DHC) reported revenue of $387M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was -11.2%, net loss $9.0M (2.3% of revenue).
Diversified Healthcare Trust, Q1 2025: revenue $387M (+4% year over year), operating margin -11.2%, net loss $9.0M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $387M | +2% | +4% |
| Operating profit | −$43.3M | — | — |
| Net earnings | −$9.0M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $386.9M in Q1 2025, up 4% year over year and up 2% from the previous quarter. Residents fees and services was the largest line at 85% of revenue. Residents fees and services added $20.2M year over year (up 7%), 125% of the total change. Rental income declined 7%.
Operating costs exceeded revenue by $43.3M, an operating margin of -11.2%. Total costs grew 8% against revenue growth of 4%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $9.0M, narrower than the previous quarter's $87.4M loss. Non-operating items added $34.3M, -384% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.2M. Non-cash charges added back $68.3M of depreciation. Working capital and other items used $62.6M. Capital expenditures of $39.6M exceeded it, leaving free cash flow of −$42.9M.
Questions
What was Diversified Healthcare Trust's revenue in the first quarter 2025?
Diversified Healthcare Trust (DHC) reported revenue of $387M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before.
Was Diversified Healthcare Trust profitable in the first quarter 2025?
Operating loss was $43.3M (-11.2% of revenue) and net loss $9.0M.