Filing Flows › Diversified Healthcare Trust (DHC) › Q1 2026
Diversified Healthcare Trust (DHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Diversified Healthcare Trust (DHC) reported revenue of $366M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -3% from the quarter before. Operating margin was -1.3%, net loss $43.3M (11.8% of revenue).
Diversified Healthcare Trust, Q1 2026: revenue $366M (-5% year over year), operating margin -1.3%, net loss $43.3M, operating cash flow $8.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $366M | -3% | -5% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$43.3M | — | — |
| Operating cash flow | $8.3M | — | — |
What changed
Revenue was $366.5M in Q1 2026, down 5% year over year and down 3% from the previous quarter. Residents fees and services was the largest line at 87% of revenue. Residents fees and services lost $11.1M year over year (down 3%), 54% of the total change.
Operating costs exceeded revenue by $4.7M, an operating margin of -1.3%. Total costs fell 14% while revenue fell 5%. The fastest-growing cost line was General & admin (+56%). The quarter ended with a net loss of $43.3M, wider than the previous quarter's $21.2M loss. Net interest and other expense of $38.0M was the main reason.
Operating cash flow was $8.3M. Non-cash charges added back $62.9M of depreciation. Working capital and other items used $11.3M. Capital expenditures of $35.2M exceeded it, leaving free cash flow of −$26.8M.
Questions
What was Diversified Healthcare Trust's revenue in the first quarter 2026?
Diversified Healthcare Trust (DHC) reported revenue of $366M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -3% from the quarter before.
Was Diversified Healthcare Trust profitable in the first quarter 2026?
Operating loss was $4.7M (-1.3% of revenue) and net loss $43.3M.