Diversified Healthcare Trust

DHCNASDAQReal Estate● Active

$8.30

$-0.23(-2.70%)

Market Cap$2.0B

P/E Ratio—

52W High$9.14

52W Low$3.18

Avg Volume1.8M

Open$8.60

Beta2.29

Free Cash Flow Financials Revenue

Diversified Healthcare Trust (DHC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DHC · free cash flow · updated Jun 8, 2026

Core FCF metrics

DHC · FCF · TTM · margin & CAGR

Free cash flow was −$19.6M for FY2025 (fiscal year ending 2025-12-31), down 117.5% year-over-year The FCF margin was -1.3%.

FY2025 Free Cash Flow−$19.6M▼ -117.5% YoY

Trailing 12M (TTM)−$8.0Mtrailing 4 quarters sum

FCF Margin-1.3%−$19.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DHC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$19.6M(0M)−$19.6M▼ 117.5%-1.3%

FY2024$112.2M(0M)$112.2M▲ +970.5%7.5%

FY2023$10.5M(0M)$10.5M▲ +126.0%0.7%

FY2022−$40.4M(0M)−$40.4M▲ +36.3%-3.1%

FY2021−$63.3M(0M)−$63.3M▼ 139.9%-4.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DHC · P/FCF · FCF yield · FCF per share

Diversified Healthcare Trust (DHC) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DHC · cash flow statement · operating / investing / financing

For FY2025, Diversified Healthcare Trust generated −$19.6M in operating cash flow and spent 0M in capital expenditures, yielding −$19.6M in free cash flow.

Operating Activities

−$19.6M

Cash from core business operations

2025-12-31

Investing Activities

+$483.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$492.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$19.6M) − |CapEx| (0M) = FCF (−$19.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

DHC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Diversified Healthcare TrustYOU

DHC

−$19.6M-117.5%-1.3%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Diversified Healthcare Trust (DHC) reported free cash flow of −$19.6M for FY2025 (fiscal year ending 2025-12-31), down 117.5% year-over-year. The FCF margin was -1.3%.

Based on available data, Diversified Healthcare Trust has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $491.9M in FY2018.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DHC free cash flow · 8 questions

Diversified Healthcare Trust free cash flow was −$19.6M for FY2025, down 117.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$8.0M.

DHC free cash flowDHC FCFDHC FCF 2025DHC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Diversified Healthcare Trust · Diversified Healthcare Trust SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026