MEDIUMOutside partyTenant
30.8%
Sinceri Senior Living
“10-K Item 1: 'Sinceri Senior Living ... represented 30.8%, 23.7%, 8.9%, 7.0% and 5.7%, respectively, of our gross real estate value'”
DHC · Concentration risk · 10-K extracted
Diversified Healthcare Trust (DHC) concentration risks
Updated
The most significant concentration Diversified Healthcare Trust discloses is Sinceri Senior Living at 30.8%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Diversified Healthcare Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyTenant
23.7%
Discovery Senior Living
“10-K Item 1: 'Discovery Senior Living ... represented 30.8%, 23.7%, 8.9%, 7.0% and 5.7%, respectively, of our gross real estate value'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two disclosed tenant relationships that together cover a moderate share of gross real estate value. The largest operator, Sinceri Senior Living, represented 30.8% of gross real estate value, a moderate share by disclosed size and a dependency character — the company's rental income and asset occupancy in the properties managed by Sinceri are tied to the operational and financial health of a single operator. The second-largest, Discovery Senior Living, represented 23.7% of gross real estate value, a low share by disclosed size and similarly structured as a dependency relationship. The two exposures are additive rather than independent: both are senior living operators within the same property type, meaning that an industry-wide stress affecting senior housing operators — labor cost inflation, occupancy pressures, or reimbursement changes — could affect both simultaneously rather than providing portfolio diversification. At the same time, the filing discloses these two names separately, suggesting the REIT has multiple operator relationships and that the remainder of gross real estate value is spread across at least three additional operators named in the same disclosure. There is no disclosed geographic, product, or customer concentration beyond these two tenant relationships. On balance, the profile is moderate in terms of the share attributable to any individual operator, with the Sinceri relationship representing the largest single-name exposure. Investors should monitor Sinceri's operational performance — occupancy rates, lease coverage ratios, and financial stability — as the primary variable in this concentration profile.
For the engine’s reasoning on DHC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Healthcare Facilities
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LTC | LTC Properties, Inc. | 1 | 1 | 0 | 2 |
| DOC | Healthpeak Properties, Inc. | 1 | 0 | 1 | 2 |
| HR | Healthcare Realty Trust Incorpo | 1 | 0 | 1 | 2 |
| AHR | American Healthcare REIT, Inc. | 1 | 0 | 0 | 1 |
| CTRE | CareTrust REIT, Inc. | 0 | 1 | 1 | 2 |
| DHC● | Diversified Healthcare Trust | 0 | 1 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.