| Market Capitalization (Millions $) |
1,822 |
| Shares
Outstanding (Millions) |
241 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
1,517 |
| Net Income (TTM) (Millions $) |
-320 |
| Cash Flow (TTM) (Millions $) |
-167 |
| Capital Exp. (TTM) (Millions $) |
142 |
Business Description
Diversified Healthcare Trust (DHC) is a real estate investment trust (REIT) that invests in senior living communities, medical office buildings, and other healthcare-related properties. It is a subsidiary of The RMR Group, a leading provider of management services and leasing to real estate investors in the United States.
DHC was formerly known as Senior Housing Properties Trust (SNH) and was primarily focused on senior living communities. However, the company rebranded in 2020 to reflect its expansion into other healthcare segments. DHC aims to provide a diversified portfolio of high-quality healthcare properties to generate steady, predictable cash flows for its investors.
The company's portfolio includes 321 healthcare properties located across the United States and in the United Kingdom. Senior living communities make up the largest share of its portfolio, accounting for 47% of total net operating income. These communities provide senior residents with housing, healthcare services, and assistance with daily living activities.
Medical office buildings account for 37% of DHC's net operating income. These buildings are leased to healthcare providers, such as hospitals, physicians, and clinics. DHC's medical office buildings are located in strategic, high-traffic areas, making them attractive to healthcare providers looking to expand their practices.
Other healthcare properties, including life science buildings, hospitals, and skilled nursing facilities make up the remaining 16% of DHC's net operating income. The company's life science buildings are attractive to biotech and pharmaceutical companies looking for state-of-the-art laboratory and research facilities.
DHC has a diversified tenant base, with no single tenant accounting for more than 4% of its net operating income. This mitigates risk for the company, as it is not overly dependent on any one tenant.
Overall, DHC is a well-diversified healthcare-focused REIT that offers investors exposure to a stable and growing sector of the economy. With a focus on high-quality properties and a diversified tenant base, the company is well-positioned to continue generating steady cash flows for its investors in the years ahead.
Company Address: Two Newton Place, 255 Washington Street, Suite 300, Newton 2458 MA
Company Phone Number: 796 - 8350 Stock Exchange / Ticker: NASDAQ DHC
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