Diversified Healthcare Trust (DHC) vs Universal Health Realty Income Trust (UHT)

Diversified Healthcare Trust and Universal Health Realty Income Trust are both Reit Healthcare Facilities companies. Diversified Healthcare Trust is the larger, with a market value of $2.0B against $537.6M — 3.7× the size. Diversified Healthcare Trust has negative trailing earnings, so its P/E is not meaningful; Universal Health Realty Income Trust trades at 27.8×. Universal Health Realty Income Trust grew revenue faster over the last twelve months: 0.75% against −1.49%. Universal Health Realty Income Trust has the higher net margin (19.4% vs −17.7%) and the higher return on invested capital (4.21% vs −2.09%). Both pay a dividend; Universal Health Realty Income Trust yields more (7.50% vs 1.52%). Across the 22 metrics below, Universal Health Realty Income Trust leads on 16 and Diversified Healthcare Trust on 6.

Valuation

Metric DHC UHT Reit Healthcare Facilities median
P/E n/m 27.81 23.53
P/S 1.30 5.39 5.39
P/B 1.24 3.72 1.88
Price to free cash flow 18.25 17.89 17.82
EV/EBITDA 29.04 14.10 15.62
EV/Sales 3.12 9.18 8.52
Earnings yield (13.65%) 3.60% 2.66%
Free cash flow yield 5.48% 5.59% 3.37%

Profitability

Metric DHC UHT Reit Healthcare Facilities median
Gross margin 19.74% 94.29% 92.10%
Operating margin (8.57%) 35.30% 21.06%
Net margin (17.73%) 19.40% 10.19%
Free cash flow margin 7.15% 30.11% 7.91%
Return on equity (15.47%) 12.47% 4.06%
Return on assets (5.91%) 3.38% 2.10%
Return on invested capital (2.09%) 4.21% 1.96%

Growth

Metric DHC UHT Reit Healthcare Facilities median
Revenue growth (TTM) (1.49%) 0.75% 15.71%
EPS growth (last fiscal year) 23.23% (8.63%) —
Revenue growth, 5-year CAGR (1.18%) 4.92% 9.60%
Net income growth, 5-year CAGR 0.00% (1.97%) 0.00%

Health

Metric DHC UHT Reit Healthcare Facilities median
Debt to equity 1.52 2.67 0.84
Current ratio 4.67 5.54 3.05
Net debt to EBITDA 16.88 5.73 5.50

Dividend

Metric DHC UHT Reit Healthcare Facilities median
Dividend yield 1.52% 7.50% 7.11%
Payout ratio 0.02 2.15 2.85

Size

Metric DHC UHT Reit Healthcare Facilities median
Market cap 1.97b 537.60m 4.18b

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