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How Diversified Healthcare Trust (DHC) makes money

Diversified Healthcare Trust (DHC) made $368M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Residents fees and services brought in $320M (87%); Rental income brought in $47.7M (13%).

Drawing the Sankey…

Diversified Healthcare Trust revenue by segment, Q3 2026Diversified Healthcare Trust revenue by segment, Q3 2026Residents fees and services$320MRental income$47.7M
Diversified Healthcare Trust: revenue by line, Q1 2025 to Q3 2026Diversified Healthcare Trust: revenue by line, Q1 2025 to Q3 2026Residents fees and se…Rental incomeResidents fees and services: $320M latest$320MRental income: $47.7M latest$47.7MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Residents fees and services went from 85% of revenue in Q1 2025 to 87% in Q3 2026, the largest shift in the mix.
Diversified Healthcare Trust revenue by quarterDiversified Healthcare Trust revenue by quarter$387MQ1 2025$383MQ2 2025$389MQ3 2025$380MQ4 2025$366MQ1 2026$365MQ2 2026$368MQ3 2026
Diversified Healthcare Trust: where each dollar of revenue goesDiversified Healthcare Trust: where each dollar of revenue goesIncome tax0¢Operating cash flow7¢Free cash flow0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Residents fees and services$320M87.0%+0.6%-4%
Rental income$47.7M13.0%+0.6%-14%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$368M100.0%
Income tax$724K0.2%
Operating cash flow$27.4M7.5%
Free cash flow$521K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$368M-5%
Q2 2026$365M-4%
Q1 2026$366M-5%
Q4 2025$380M0%
Q3 2025$389M+4%
Q2 2025$383M+3%
Q1 2025$387M+4%

From Diversified Healthcare Trust's 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does Diversified Healthcare Trust make money?

Diversified Healthcare Trust (DHC) made $368M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Residents fees and services brought in $320M (87%); Rental income brought in $47.7M (13%).

What is Diversified Healthcare Trust's biggest business?

Residents fees and services: $320M in the third quarter 2026, 87% of revenue, -4% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.