Here are the 10-Q quarterly reports from Diversified Healthcare Trust 6.25% Senior Notes Due 2046 (DHCNL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DHCNL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DHCNL filings page.
Diversified Healthcare Trust (DHC) reported third-quarter 2026 revenue of $367.7 million, down 5.4% from $388.7 million, and a net loss of $50.2 million, compared with $164.0 million a year earlier. Comparable SHOP residents fees and services increased 5.8%; occupancy across all SHOP properties was 83.8%, versus 81.5%. Cash provided by operating activities for the nine months ended September 30, 2026 was $74.1 million, compared with $492,000 a year earlier.
On October 1, 2026, DHC transitioned seven skilled nursing facilities with 807 units to a 15-year triple net lease with operating subsidiaries of The Ensign Group, Inc. Initial annual rent is $8.0 million, with annual increases based on the Consumer Price Index. DHC also expects to transition six communities with 486 units to a new manager as early as the fourth quarter of 2026 after giving notice to terminate their management agreements. It declared a quarterly distribution of $0.01 per share, payable on or about November 12, 2026.
Diversified Healthcare Trust reported Q2 2026 total revenues of $365,387 (thousands), down from $382,712 (thousands) a year earlier, and a narrowed net loss of $37,419 (thousands) versus $91,639 (thousands). For the first half, revenues were $731,858 (thousands) with a net loss of $80,694 (thousands).
The Senior Housing Operating Portfolio (SHOP) generated Q2 residents fees and services of $317,921 (thousands); comparable SHOP communities saw 6.6% revenue growth and higher occupancy and rates, while total SHOP revenue declined due to asset sales. SHOP occupancy for all properties reached 82.5%, with an average monthly rate of $5,693.
The Medical Office and Life Science Portfolio produced Q2 rental income of $40,116 (thousands), with comparable occupancy of 95.8% and positive leasing spreads; weighted average rental rates on 1H 2026 leasing rose 8.1%. Consolidated Q2 net operating income increased to $84,443 (thousands) from $70,132 (thousands), helped by lower interest expense of $37,083 (thousands) versus $50,926 (thousands) after prior-year refinancings.
At June 30, 2026, total assets were $4,238,698 (thousands) and shareholders’ equity was $1,582,831 (thousands). Cash and restricted cash totaled $136,196 (thousands); there were no borrowings on the secured revolving credit facility, with $150,000 available. The company paid $0.02 per share in common distributions in 1H 2026 and declared an additional $0.01 per share for Q3.
Diversified Healthcare Trust reported first‑quarter 2026 revenue of $366.5 million, down from $386.9 million a year earlier, as it continued reshaping its portfolio. The company posted a net loss of $43.3 million, or $0.18 per share, compared with a $9.0 million loss, mainly because last year included a large gain on property sales.
Property performance was steadier: consolidated NOI rose to $75.9 million from $72.5 million. The senior housing operating portfolio (SHOP) improved, with NOI increasing to $43.6 million on higher occupancy and rates, while medical office and life science NOI eased to $25.1 million, partly reflecting asset sales. Interest expense fell to $37.0 million from $57.8 million after prior debt redemptions.
On a cash‑flow basis, FFO was $22.8 million and Normalized FFO was $33.1 million, both higher than a year ago, supported by lower interest costs and the absence of impairment charges. The REIT ended the quarter with $139.9 million in cash and restricted cash and maintained its quarterly dividend at $0.01 per share.