Shop was Diversified Healthcare Trust’s largest segment in fiscal 2025, bringing in $1.31B of $1.54B (85%).
| Segment | FY 2010 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shop | $1.02B | $1.15B | $1.24B | $1.31B | |||||||
| Managed Senior Living Communities | — | — | — | — | |||||||
| Office Portfolio | — | — | — | — | |||||||
| Mobs | — | — | — | — | |||||||
| Medical Office Building | — | — | — | — | |||||||
| Triple Net Leased Senior Living Communities | — | — | — | — | |||||||
| Short Term & Long Term Residential Care Communities | — | — | — | — | |||||||
| Medical Office & Life Science Portfolio | $222.39M | $220.53M | $213.32M | $193.81M | |||||||
| All Other | $38.35M | $37.87M | $37.72M | $31.39M | |||||||
| Non-Segment | — | — | — | — | |||||||
| All Other Operations | — | — | — | — | |||||||
| All Other Segments & Corporate | — | — | — | — | |||||||
| Total | $1.28B | $1.41B | $1.50B | $1.54B |
Diversified Healthcare Trust brought in $1.54B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 2.8% from $1.50B in fiscal 2024. Shop was the largest at $1.31B (85.4%), ahead of Medical Office & Life Science Portfolio at $193.81M (12.6%) and All Other at $31.39M (2.0%).
Compared with fiscal 2024, Shop grew fastest, up 5.5% to $1.31B, while All Other fell the most, down 16.8% to $31.39M. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.28B to $1.54B, a compound annual growth rate of 6.2%. Shop's share of the total rose from 79.7% to 85.4%.
Residents Fees & Services was Diversified Healthcare Trust’s largest product and service line in fiscal 2025, bringing in $1.31B of $1.54B (85%).
| 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 | $1.02B | $1.15B | $1.24B | $1.31B | ||||||
| Rental Income | $222.39M | $220.53M | $213.32M | $193.81M | ||||||
| All Other | $38.35M | $37.87M | $37.72M | $31.39M | ||||||
| Non-Segment | — | — | — | — | ||||||
| Total | $1.28B | $1.41B | $1.50B | $1.54B |
Diversified Healthcare Trust brought in $1.54B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 2.8% from $1.50B in fiscal 2024. Residents Fees & Services was the largest at $1.31B (85.4%), ahead of Rental Income at $193.81M (12.6%) and All Other at $31.39M (2.0%).
Compared with fiscal 2024, Residents Fees & Services grew fastest, up 5.5% to $1.31B, while All Other fell the most, down 16.8% to $31.39M. From fiscal 2022 to 2025, combined revenue from these lines grew from $1.28B to $1.54B, a compound annual growth rate of 6.2%. Residents Fees & Services' share of the total rose from 79.7% to 85.4%.
All Others was Diversified Healthcare Trust’s largest revenue line in fiscal 2019, bringing in $902.26M of $1.04B (87%).
| Customer | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| All Others | $854.44M | $864.28M | $904.54M | $902.26M |
| Five Star | $203.58M | $210.54M | $212.62M | $137.90M |
| Total | $1.06B | $1.07B | $1.12B | $1.04B |
Diversified Healthcare Trust brought in $1.04B from its two revenue lines in fiscal 2019, the year ended December 31, 2019. That was down 6.9% from $1.12B in fiscal 2018. All Others was the largest at $902.26M (86.7%), ahead of Five Star at $137.90M (13.3%).
Compared with fiscal 2018, All Others fell 0.3% to $902.26M and Five Star fell 35.1% to $137.90M. From fiscal 2016 to 2019, combined revenue from these revenue lines fell from $1.06B to $1.04B, 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, Shop was its largest segment, bringing in $1.31B (85.4% of the total), followed by Medical Office & Life Science Portfolio at $193.81M (12.6%).
Shop was Diversified Healthcare Trust's largest segment in fiscal 2025, bringing in $1.31B, or 85.4% of the $1.54B total across its three segments.
Residents Fees & Services was Diversified Healthcare Trust's largest product and service line in fiscal 2025, bringing in $1.31B, or 85.4% of the $1.54B total across its three product and service lines.
All Others was Diversified Healthcare Trust's largest revenue line in fiscal 2019, bringing in $902.26M, or 86.7% of the $1.04B total across its two revenue lines.
Among Diversified Healthcare Trust's segments that make up at least 2% of revenue, Shop grew fastest in fiscal 2025, up 5.5% from $1.24B to $1.31B.
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 2010, 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.