REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 24, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

DIVERSIFIED HEALTHCARE TRUST ($DHC)

Sector: Healthcare Facilities  •  Exchange / CIK: Nasdaq / 0001075415  •  Properties: 150 Assets
Trading at a 8.3% discount to NAV
Safety Score: 72/100 (Moderate Risk)  |  Credit: BBB

Live Share Price

$7.86
52W Range: $3.92 - $9.66

Valuation Multiples

14.0x P/AFFO
P/FFO: 13.1x  |  FFO/sh: $0.60

Net Asset Value (NAV)

$8.57
Prem/Disc: -8.3%  |  Cap: 6.54%

Dividend Cash Flow

5.60% Yield
$0.44/yr (Quarterly)  |  Payout: 78.6%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 5.6x. Portfolio leased occupancy is 90.0% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.1100 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
DIVERSIFIED HEALTHCARE TRUST Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 90.0% $1,285,500,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
1.23
High Beta (Aggressive Leverage)
Annualized Alpha (α)
+62.83%
Outperforming VNQ
Sharpe Ratio (vs VNQ)
1.68 vs 0.04
+1.64 Spread
Max Drawdown (1-Yr)
-23.4% vs -11.4%
-12.0% vs VNQ
DHC vs VNQ QuantStats Performance & Underwater Drawdown
Quantitative Risk & Return Metric DHC VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 1.23 1.00 +0.23 (High Beta (Aggressive Leverage))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 +62.83% 0.00% (Baseline) Outperforming VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 1.68 0.04 +1.64
Sortino Ratio
Downside semi-variance risk-adjusted return
 1.88 0.03 +1.85
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 38.4% 13.9% +24.5% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -23.4% -11.4% -12.0% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 85.1% 4.1% +81.0% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.2 Corr: 0.45 20% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 50.0% 51.6% -1.6% vs Benchmark
QuantStats Analytical Synthesis: DHC displays a Beta of 1.23 relative to VNQ with 0.20 R² correlation. Annualized volatility is 38.4% (24.5% higher than VNQ at 13.9%). Trailing 12-month Alpha stands at +62.83% (Outperforming VNQ) with a Sharpe ratio of 1.68 against 0.04 for VNQ, and a maximum drawdown of -23.4%.
SEC CIK: 0001075415  |  Principal Executive Officer: Executive Leadership / DIVERSIFIED Corp  |  Total PEO Compensation: Reported in DEF 14A (N/A)
Official SEC Accession: 0001075415-26-000001
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.