Diversified Healthcare Trust (NAS:DHC)
$ 9.28 -0.095 (-1.01%) Market Cap: 2.25 Bil Enterprise Value: 4.53 Bil PE Ratio: 0 PB Ratio: 1.39 GF Score: 56/100

Q4 2025 Diversified Healthcare Trust Earnings Call Transcript

Feb 24, 2026 / 03:00 PM GMT
Release Date Price: $6.1 (-0.81%)

Key Points

Positve
  • Diversified Healthcare Trust (DHC) reported a strong fourth quarter with total revenue of $379.6 million and adjusted EBITDA of $72.4 million.
  • The company completed over $1.4 billion in capital markets activity, including financing, asset sales, and establishing a $150 million undrawn credit facility.
  • DHC achieved a full-year consolidated NOI growth of 31.3% and reduced leverage by over three terms with no debt maturities until 2028.
  • The senior housing portfolio saw a 90 basis point increase in same property occupancy and a 5.8% increase in average monthly rates.
  • DHC's medical office and life science portfolio saw a 460 basis point increase in consolidated occupancy and a 7.9% increase in weighted average rents for new leases.
Negative
  • The transition of 116 shop communities to new operators caused some operational noise during the quarter.
  • DHC's medical office and life science segment is expected to see a decline in NOI due to the sale of 31 properties.
  • The company has a significant portion of leases expiring in 2026, which could impact future revenue if not renewed.
  • Despite strong performance, there are no immediate plans to address dividend increases.
  • The company is still trailing benchmarks in occupancy and margins, indicating room for improvement.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DHC.OQ - Diversified Healthcare Trust
Q4 2025 Diversified Healthcare Trust Earnings Call
Feb 24, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Diversified Healthcare Trust 4th quarter 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchtone phone. To withdraw your question, please press. Then 2, please note this event is being recorded.

I would now like to turn the call over to Matt Murphy, manager of investor relations. Please go ahead.

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Unidentified_2 [2]
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