The earnings call highlighted significant revenue and EBITDA growth, strong performance in the SHOP segment, and successful asset sales used for deleveraging. However, challenges remain with same-property occupancy declines, expense increases, and addressing upcoming debt maturities.

Company Guidance -

Q3 2025

During the Diversified Healthcare Trust (DHC) First Quarter 2025 Earnings Call, management provided detailed guidance and insights into the company's financial performance and strategic initiatives. DHC reported total revenues of $386.9 million, a 4% increase from the previous year, while adjusted EBITDAre rose 17% to $75.1 million. Normalized funds from operations (FFO) were noted at $14.3 million or $0.06 per share, surpassing analyst estimates. In the Senior Housing Operating Portfolio (SHOP) segment, same-property net operating income (NOI) increased by 42.1% year-over-year, with occupancy rising by 130 basis points to 80.2%. The SHOP NOI margin improved by 320 basis points to 11.2% on a consolidated basis. Meanwhile, the medical office and life science portfolio achieved new and renewal leasing activity of approximately 145,000 square feet with rents 18.4% higher than prior for the same space. The company completed $332 million in asset sales and continues to focus on deleveraging its balance sheet, with plans to use asset sale proceeds to address its $641 million zero-coupon bond maturing in January 2026. DHC reaffirmed its 2025 SHOP NOI guidance range of $120 million to $135 million and expressed optimism about the SHOP segment's outlook throughout the year.

Revenue and EBITDA Growth

Total revenues for the first quarter were $386.9 million, a 4% increase over last year. Adjusted EBITDAre was $75.1 million, up 17% year-over-year.

SHOP Segment Performance

Same-property NOI in the SHOP segment increased by 33.6% sequentially and 42.1% year-over-year. Occupancy increased 130 basis points to 80.2%, and SHOP NOI margin improved 320 basis points year-over-year to 11.2%.

Asset Sales and Deleveraging

Completed $332 million in asset sales and used proceeds to pay down debt, including $299 million from MUSE and Brookdale sales.

Medical Office and Life Science Leasing

145,000 square feet of new and renewal leasing with weighted average rents 18.4% higher than prior rents.

Diversified Healthcare Trust (DHC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DHC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	-0.20 / -	-0.41	―	―	―
Aug 04, 2025	2025 (Q2)	-0.22 / 0.08	-0.41	119.27% (+0.49)	―	―
May 05, 2025	2025 (Q1)	-0.25 / 0.06	-0.36	115.83% (+0.42)	―
Feb 25, 2025	2024 (Q4)	-0.29 / -0.36	-0.43	16.28% (+0.07)	―
Nov 04, 2024	2024 (Q3)	-0.26 / -0.41	-0.264	-55.30% (-0.15)	―
Aug 01, 2024	2024 (Q2)	-0.28 / -0.41	-0.287	-42.86% (-0.12)	―
May 06, 2024	2024 (Q1)	-0.28 / -0.36	-0.193	-86.53% (-0.17)	―
Feb 26, 2024	2023 (Q4)	-0.25 / -0.43	-0.237	-81.43% (-0.19)
Nov 01, 2023	2023 (Q3)	- / -0.26	-0.306	13.73% (+0.04)	―
Aug 01, 2023	2023 (Q2)	-0.22 / -0.29	-0.301	4.65% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DHC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2025	$2.17	$2.85	+31.34%
Feb 25, 2025	$2.43	$2.64	+8.64%
Nov 04, 2024	$3.48	$2.80	-19.54%
Aug 01, 2024	$3.24	$3.20	-1.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Diversified Healthcare Trust (DHC) report earnings?

Diversified Healthcare Trust (DHC) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Diversified Healthcare Trust (DHC) earnings time?

Diversified Healthcare Trust (DHC) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DHC EPS forecast?

DHC EPS forecast for the fiscal quarter 2025 (Q3) is -0.21.

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