Operating Segments was Diversified Healthcare Trust’s largest segment in fiscal 2025, bringing in $3.94B of $4.03B (98%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Segments | $3.07B | $3.46B | $3.73B | $3.94B | ||||
| All Other | $115.05M | $113.61M | $113.15M | $94.17M | ||||
| Non-Segment | — | — | — | — | ||||
| Total | $3.18B | $3.57B | $3.85B | $4.03B |
Diversified Healthcare Trust brought in $4.03B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 4.8% from $3.85B in fiscal 2024. Operating Segments was the largest at $3.94B (97.7%), ahead of All Other at $94.17M (2.3%).
Compared with fiscal 2024, Operating Segments grew 5.5% to $3.94B, while All Other fell 16.8% to $94.17M. From fiscal 2022 to 2025, combined revenue from these segments grew from $3.18B to $4.03B, a compound annual growth rate of 8.2%. Operating Segments' share of the total rose from 96.4% to 97.7%.
Residents Fees & Services was Diversified Healthcare Trust’s largest product and service line in fiscal 2025, bringing in $3.12B of $3.80B (82%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Residents Fees & Services | $2.42B | $2.75B | $2.92B | $3.12B | ||||||
| Rental Income | $782.22M | $775.20M | $753.11M | $675.59M | ||||||
| Total | $3.20B | $3.52B | $3.67B | $3.80B |
Diversified Healthcare Trust brought in $3.80B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $4.03B it reports by segment, so these lines do not cover all of its revenue. Residents Fees & Services was the largest at $3.12B (82.2%), ahead of Rental Income at $675.59M (17.8%).
Compared with fiscal 2024, Residents Fees & Services grew 7.0% to $3.12B, while Rental Income fell 10.3% to $675.59M.
All Others was Diversified Healthcare Trust’s largest revenue line in fiscal 2019, bringing in $2.71B of $3.12B (87%).
| Customer | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| All Others | $2.56B | $2.59B | $2.71B | $2.71B |
| Five Star | $610.74M | $631.62M | $637.87M | $413.69M |
| Total | $3.17B | $3.22B | $3.35B | $3.12B |
Diversified Healthcare Trust brought in $3.12B from its two revenue lines in fiscal 2019, the year ended December 31, 2019. That was down 6.9% from $3.35B in fiscal 2018. All Others was the largest at $2.71B (86.7%), ahead of Five Star at $413.69M (13.3%).
Compared with fiscal 2018, All Others fell 0.3% to $2.71B and Five Star fell 35.1% to $413.69M. From fiscal 2016 to 2019, combined revenue from these revenue lines fell from $3.17B to $3.12B, a compound annual decline of 0.6%. All Others' share of the total rose from 80.8% to 86.7%.
Diversified Healthcare Trust (DHC) reports its revenue by segment, by product and service and by customer. In fiscal 2025, Operating Segments was its largest segment, bringing in $3.94B (97.7% of the total), followed by All Other at $94.17M (2.3%).
Operating Segments was Diversified Healthcare Trust's largest segment in fiscal 2025, bringing in $3.94B, or 97.7% of the $4.03B total across its two segments.
Residents Fees & Services was Diversified Healthcare Trust's largest product and service line in fiscal 2025, bringing in $3.12B, or 82.2% of the $3.80B total across its two product and service lines.
All Others was Diversified Healthcare Trust's largest revenue line in fiscal 2019, bringing in $2.71B, or 86.7% of the $3.12B total across its two revenue lines.
Operating Segments grew faster than All Other in fiscal 2025, up 5.5% from $3.73B to $3.94B. All Other fell 16.8% to $94.17M.
Every figure comes from Diversified Healthcare Trust's annual financial filings, as reported. Each line keeps the name Diversified Healthcare Trust gives it, and years follow its fiscal calendar.
Diversified Healthcare Trust's revenue by segment goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.