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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -5.6%, a 44.2% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -0.0%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 1.2%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

DHC vs FRT — Head-to-Head

Bigger by revenue
DHC
DHC
1.1× larger
DHC
$379.6M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+8.7% gap
FRT
8.7%
-0.0%
DHC
Higher net margin
FRT
FRT
44.2% more per $
FRT
38.6%
-5.6%
DHC
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHC
DHC
FRT
FRT
Revenue
$379.6M
$336.0M
Net Profit
$-21.2M
$129.7M
Gross Margin
Operating Margin
-12.6%
53.8%
Net Margin
-5.6%
38.6%
Revenue YoY
-0.0%
8.7%
Net Profit YoY
75.7%
103.5%
EPS (diluted)
$-0.09
$1.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DHC
DHC
FRT
FRT
Q1 26
$336.0M
Q4 25
$379.6M
$336.0M
Q3 25
$388.7M
$322.3M
Q2 25
$382.7M
$311.5M
Q1 25
$386.9M
$309.2M
Q4 24
$379.6M
$311.4M
Q3 24
$373.6M
$303.6M
Q2 24
$371.4M
$296.1M
Net Profit
DHC
DHC
FRT
FRT
Q1 26
$129.7M
Q4 25
$-21.2M
$129.7M
Q3 25
$-164.0M
$61.6M
Q2 25
$-91.6M
$155.9M
Q1 25
$-9.0M
$63.8M
Q4 24
$-87.4M
$65.5M
Q3 24
$-98.7M
$61.0M
Q2 24
$-97.9M
$112.0M
Operating Margin
DHC
DHC
FRT
FRT
Q1 26
53.8%
Q4 25
-12.6%
53.8%
Q3 25
-43.4%
34.3%
Q2 25
-24.5%
65.1%
Q1 25
-2.7%
35.0%
Q4 24
-26.1%
35.1%
Q3 24
-26.5%
34.9%
Q2 24
-23.0%
53.0%
Net Margin
DHC
DHC
FRT
FRT
Q1 26
38.6%
Q4 25
-5.6%
38.6%
Q3 25
-42.2%
19.1%
Q2 25
-23.9%
50.0%
Q1 25
-2.3%
20.6%
Q4 24
-23.0%
21.0%
Q3 24
-26.4%
20.1%
Q2 24
-26.3%
37.8%
EPS (diluted)
DHC
DHC
FRT
FRT
Q1 26
$1.49
Q4 25
$-0.09
$1.49
Q3 25
$-0.68
$0.69
Q2 25
$-0.38
$1.78
Q1 25
$-0.04
$0.72
Q4 24
$-0.37
$0.74
Q3 24
$-0.41
$0.70
Q2 24
$-0.41
$1.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHC
DHC
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$105.4M
$107.4M
Total DebtLower is stronger
$2.4B
$5.0B
Stockholders' EquityBook value
$1.7B
$3.2B
Total Assets
$4.4B
$9.1B
Debt / EquityLower = less leverage
1.47×
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
FRT
FRT
Q1 26
$107.4M
Q4 25
$105.4M
$107.4M
Q3 25
$201.4M
$111.3M
Q2 25
$141.8M
$177.0M
Q1 25
$302.6M
$109.2M
Q4 24
$144.6M
$123.4M
Q3 24
$256.5M
$97.0M
Q2 24
$265.6M
$103.2M
Total Debt
DHC
DHC
FRT
FRT
Q1 26
$5.0B
Q4 25
$2.4B
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
$4.5B
Q3 24
Q2 24
Stockholders' Equity
DHC
DHC
FRT
FRT
Q1 26
$3.2B
Q4 25
$1.7B
$3.2B
Q3 25
$1.7B
$3.2B
Q2 25
$1.9B
$3.2B
Q1 25
$1.9B
$3.2B
Q4 24
$2.0B
$3.2B
Q3 24
$2.0B
$3.1B
Q2 24
$2.1B
$3.0B
Total Assets
DHC
DHC
FRT
FRT
Q1 26
$9.1B
Q4 25
$4.4B
$9.1B
Q3 25
$4.7B
$8.9B
Q2 25
$4.8B
$8.6B
Q1 25
$5.0B
$8.6B
Q4 24
$5.1B
$8.5B
Q3 24
$5.3B
$8.5B
Q2 24
$5.3B
$8.4B
Debt / Equity
DHC
DHC
FRT
FRT
Q1 26
1.53×
Q4 25
1.47×
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.56×
1.42×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DHC
DHC
FRT
FRT
Operating Cash FlowLast quarter
$-19.6M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
FRT
FRT
Q1 26
Q4 25
$-19.6M
$622.4M
Q3 25
$-49.3M
$147.8M
Q2 25
$53.0M
$150.7M
Q1 25
$-3.2M
$179.0M
Q4 24
$112.2M
$574.6M
Q3 24
$21.1M
$144.1M
Q2 24
$44.3M
$169.7M
Free Cash Flow
DHC
DHC
FRT
FRT
Q1 26
Q4 25
$-166.4M
Q3 25
$-89.8M
Q2 25
$18.8M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
FCF Margin
DHC
DHC
FRT
FRT
Q1 26
Q4 25
-43.8%
Q3 25
-23.1%
Q2 25
4.9%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Capex Intensity
DHC
DHC
FRT
FRT
Q1 26
Q4 25
38.7%
Q3 25
10.4%
Q2 25
8.9%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Cash Conversion
DHC
DHC
FRT
FRT
Q1 26
Q4 25
4.80×
Q3 25
2.40×
Q2 25
0.97×
Q1 25
2.81×
Q4 24
8.77×
Q3 24
2.36×
Q2 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

FRT
FRT

Segment breakdown not available.

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