Diversified Healthcare Trust Third Quarter 2023 Financial Results and Supplemental Information Exhibit 99.2 November 1, 2023 Calusa Harbour 2525 First Street Fort Myers, FL

Q3 2023 2 FINANCIAL RESULTS Diversified Healthcare Trust Announces Third Quarter 2023 Financial Results ............................................................................................ 3 Third Quarter 2023 Highlights ................................................................................................................................................................................ 4 Strategic Business and Financial Plan Update ...................................................................................................................................................... 5 Third Quarter 2023 Results ...................................................................................................................................................................................... 6 FINANCIALS Key Financial Data ..................................................................................................................................................................................................... 7 Condensed Consolidated Balance Sheets ............................................................................................................................................................ 8 Condensed Consolidated Statements of Income (Loss) .................................................................................................................................... 9 Condensed Consolidated Statements of Income (Loss) (Additional Data) ..................................................................................................... 10 DEBT AND LEVERAGE Debt Summary ........................................................................................................................................................................................................... 11 Debt Maturity Schedule ........................................................................................................................................................................................... 12 Leverage Ratios, Coverage Ratios and Public Debt Covenants ....................................................................................................................... 13 INVESTMENTS Summary of Capital Expenditures .......................................................................................................................................................................... 14 Redevelopment Information .................................................................................................................................................................................... 15 Property Acquisitions / Dispositions Information Since January 1, 2023 ....................................................................................................... 16 Investments in Unconsolidated Joint Ventures .................................................................................................................................................... 17 PORTFOLIO INFORMATION Portfolio Summary by Geographic Diversification and Property Type ........................................................................................................... 19 Portfolio Summary ..................................................................................................................................................................................................... 20 SHOP Units by Operator .......................................................................................................................................................................................... 21 Office Portfolio and Same Property - Results of Operations ............................................................................................................................ 22 SHOP Segment and Same Property - Results of Operations ............................................................................................................................ 25 SHOP Segment - Five Star and Other Operator Managed Communities Results of Operations .............................................................. 26 Portfolio Leasing Summary ...................................................................................................................................................................................... 27 Tenants Representing 1% or More of Total Annualized Rental Income ......................................................................................................... 28 Office Portfolio Lease Expiration Schedule .......................................................................................................................................................... 29 Non-Segment Lease Expiration Schedule ............................................................................................................................................................. 30 APPENDIX Company Profile and Research Coverage ............................................................................................................................................................ 31 Governance Information........................................................................................................................................................................................... 32 Non-GAAP Financial Measures and Certain Definitions .................................................................................................................................... 33 Calculation and Reconciliation of NOI and Cash Basis NOI .............................................................................................................................. 37 NOI and Cash Basis NOI .......................................................................................................................................................................................... 38 Same Property NOI and Cash Basis NOI .............................................................................................................................................................. 39 Calculation and Reconciliation of NOI, Cash Basis NOI, Same Property NOI and Same Property Cash Basis NOI by Segment ....... 40 Calculation and Reconciliation of EBITDA, EBITDAre and Adjusted EBITDAre ............................................................................................ 44 Calculation and Reconciliation of FFO and Normalized FFO ............................................................................................................................ 45 WARNING CONCERNING FORWARD-LOOKING STATEMENTS ........................................................................................................................................................................ 46 Table of Contents All amounts in this presentation are unaudited. Please refer to Non-GAAP Financial Measures and Certain Definitions for terms used throughout this document. Trading Symbols: Common Shares: DHC Senior Unsecured Notes due 2042: DHCNI Senior Unsecured Notes due 2046: DHCNL Investor Relations Contact: Melissa McCarthy, Manager (617) 796-8234 ir@dhcreit.com Corporate Headquarters: Two Newton Place 255 Washington Street, Suite 300 Newton, MA 02458-1634

Q3 2023 3 "During the third quarter, our normalized FFO increased by $22.5 million over the prior year, driven by improved SHOP operations, including a 13.2% revenue increase, a 370 basis-point occupancy increase to 78.4%, and a 7.0% increase in average monthly rate. While the SHOP recovery remains uneven and pressured by higher operating expenses, our operators continue to achieve rental rate growth and occupancy gains above the industry benchmark for comparable properties year over year. Our Office Portfolio remained resilient, with strong leasing demand for our portfolio of high-quality assets, evidenced by a 14.8% roll-up in rents, and we ended the quarter at 93.0% leased on a same property basis. In late September, following the termination of our merger agreement with OPI, we engaged B. Riley Securities as a financial advisor to evaluate our options to address our capital needs, including upcoming debt maturities. In addition, we are engaging in discussions with our bank group to extend our credit facility maturity date. Finally, in addition to deferring redevelopment capital, we have initiated the disposition process for a number of assets in each of our operating segments to provide liquidity for us to execute on our business plan." Jennifer Francis, President and Chief Executive Officer Diversified Healthcare Trust Announces Third Quarter 2023 Financial Results RETURN TO TABLE OF CONTENTS Newton, MA (November 1, 2023): Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2023. Dividend DHC has declared a quarterly dividend on its common shares of $0.01 per share to shareholders of record as of the close of business on October 23, 2023. This dividend will be paid on or about November 16, 2023. Conference Call A conference call to discuss DHC's third quarter 2023 financial results will be held on Thursday, November 2, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available for one week by dialing (412) 317-0088; the replay pass code is 1101189. A live audio webcast of the conference call will also be available in a listen-only mode on DHC's website, at www.dhcreit.com. The archived webcast will be available for replay on DHC's website after the call. The transcription, recording and retransmission in any way of DHC's third quarter conference call are strictly prohibited without the prior written consent of DHC. About Diversified Healthcare Trust DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of September 30, 2023, DHC’s approximately $7.2 billion portfolio included 376 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 9 million square feet of life science and medical office properties and more than 27,000 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of September 30, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA. For more information, visit www.dhcreit.com.

Q3 2023 4 Financial Results Third Quarter 2023 Highlights RETURN TO TABLE OF CONTENTS Operating Update Financing Activities and Liquidity • Net loss of $65.8 million, or $0.28 per share. • Normalized FFO of $8.3 million, or $0.03 per share. • Leased 289,124 square feet in DHC's Office Portfolio at weighted average rents that were 14.8% higher than prior rents for the same space. • SHOP occupancy increased 370 basis points to 78.4% and average monthly rates increased by 7.0% year over year, resulting in a 13.2% increase in SHOP revenues. • As of September 30, 2023, DHC had approximately $279.1 million of cash and cash equivalents and restricted cash. • DHC has concluded that there is substantial doubt about its ability to continue as a going concern for at least one year from the date of issuance of DHC's financial statements, or November 1, 2023. For further information, please refer to Note 1 to DHC's consolidated financial statements included in Part I, Item 1 of DHC's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the Securities and Exchange Commission, or the SEC. Same Property Cash Basis NOI For the Three Months Ended (dollars in thousands) September 30, 2023 June 30, 2023 Change September 30, 2022 Change Office Portfolio $ 27,619 $ 29,494 (6.4) % $ 28,373 (2.7) % SHOP $ 20,976 $ 22,961 (8.6) % $ (1,796) 1,267.9 % Consolidated $ 56,205 $ 59,842 (6.1) % $ 34,155 64.6 %

Q3 2023 5 Engagement of B. Riley Securities Strategic Business and Financial Plan Update RETURN TO TABLE OF CONTENTS Credit Facility Asset Sales • Engaged as financial advisor to help evaluate DHC's options to address its near term capital needs, including upcoming debt maturities. • Currently assessing several permissible financing options. • Added a property in Honolulu, HI to the collateral pool to cure the non-monetary default previously disclosed related to the aggregate appraised value of collateral properties that DHC is required to maintain under its credit agreement. • Currently engaging in discussions with the bank group to possibly extend the maturity date of the credit facility and to amend certain covenants to allow DHC to raise capital to repay maturing debt and fund capital expenditures in accordance with DHC's business plan. • Since January 1, 2023, DHC sold six properties for an aggregate sales price of $13,630, excluding closing costs. • DHC is in the pre-marketing stage of a disposition program, which currently includes 66 properties, as a potential way to increase liquidity to repay maturing debt and fund capital expenditures in accordance with DHC's business plan. Bylaw Amendment • DHC's bylaws have been amended to reduce the maximum percentage ownership of DHC common shares allowed to be owned from 9.8% to 5% in order to preserve its cumulative net operating losses, which can be used to offset any projected taxable gains on possible asset sales. This new ownership limitation is applicable on a prospective basis and any owner of more than 5% of DHC's common shares as of November 1, 2023 is not required to reduce their ownership to meet this requirement.

Q3 2023 6 Third Quarter 2023 Results RETURN TO TABLE OF CONTENTS For the Three Months Ended Financial Results September 30, 2023 June 30, 2023 Change September 30, 2022 Change Net loss $ (65,779) $ (72,571) 9.4 % $ (81,492) 19.3 % Net loss per common share $ (0.28) $ (0.30) 6.7 % $ (0.34) 17.6 % Normalized FFO $ 8,346 $ 12,133 (31.2) % $ (14,167) 158.9 % Normalized FFO per common share $ 0.03 $ 0.05 (40.0) % $ (0.06) 150.0 % Adjusted EBITDAre $ 58,809 $ 62,136 (5.4) % $ 35,782 64.4 % As of and For the Three Months Ended September 30, 2023 June 30, 2023 Basis Point Change September 30, 2022 Basis Point Change Occupancy Office Portfolio 85.8% 85.8% — 85.9% (10) SHOP 78.4% 77.8% 60 74.7% 370 Same Property Occupancy Office Portfolio 93.0% 93.0% — 92.2% 80 SHOP 79.0% 78.0% 100 74.8% 420 (dollars in thousands, except per share data)

Q3 2023 7 Key Financial Data RETURN TO TABLE OF CONTENTS As of and For the Three Months Ended 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 Selected Balance Sheet Data: Total gross assets $ 7,496,204 $ 7,493,885 $ 7,545,727 $ 7,830,445 $ 7,857,421 Total assets $ 5,530,256 $ 5,585,475 $ 5,666,730 $ 6,002,093 $ 6,072,486 Total liabilities $ 3,088,730 $ 3,076,086 $ 3,082,911 $ 3,363,482 $ 3,366,431 Total equity $ 2,441,526 $ 2,509,389 $ 2,583,819 $ 2,638,611 $ 2,706,055 Selected Income Statement Data: Total revenues $ 356,524 $ 346,219 $ 346,030 $ 336,885 $ 322,920 Net loss $ (65,779) $ (72,571) $ (52,658) $ (65,322) $ (81,492) NOI $ 58,092 $ 59,991 $ 59,950 $ 51,719 $ 33,824 Adjusted EBITDAre $ 58,809 $ 62,136 $ 62,692 $ 59,713 $ 35,782 FFO $ 4,670 $ 6,090 $ 9,768 $ 4,463 $ (14,996) Normalized FFO $ 8,346 $ 12,133 $ 12,512 $ 8,138 $ (14,167) Per Common Share Data (basic and diluted): Net loss $ (0.28) $ (0.30) $ (0.22) $ (0.27) $ (0.34) FFO $ 0.02 $ 0.03 $ 0.04 $ 0.02 $ (0.06) Normalized FFO $ 0.03 $ 0.05 $ 0.05 $ 0.03 $ (0.06) Dividends: Annualized dividend declared per common share $ 0.04 $ 0.04 $ 0.04 $ 0.04 $ 0.04 Annualized dividend yield (at end of period) 2.1 % 1.8 % 3.0 % 6.2 % 4.0 % Normalized FFO payout ratio 33.3 % 20.0 % 20.0 % 33.3 % (16.7) % (dollars in thousands, except per share data) Five Star Premier Residences of Pompano Beach 1371 South Ocean Boulevard Pompano Beach, FL

Q3 2023 8 September 30, 2023 December 31, 2022 Assets Real estate properties: Land $ 652,707 $ 668,918 Buildings and improvements 6,114,398 6,023,625 Total real estate properties, gross 6,767,105 6,692,543 Accumulated depreciation (1,965,948) (1,828,352) Total real estate properties, net 4,801,157 4,864,191 Investments in unconsolidated joint ventures 153,744 155,477 Assets of properties held for sale 24,643 385 Cash and cash equivalents 278,122 658,065 Restricted cash 983 30,237 Acquired real estate leases and other intangible assets, net 36,605 45,351 Other assets, net 235,002 248,387 Total assets $ 5,530,256 $ 6,002,093 Liabilities and Shareholders' Equity Secured credit facility $ 450,000 $ 700,000 Senior unsecured notes, net 2,321,320 2,317,700 Secured debt and finance leases, net 13,660 30,177 Liabilities of properties held for sale 427 — Accrued interest 32,045 29,417 Other liabilities 271,278 286,188 Total liabilities 3,088,730 3,363,482 Commitments and contingencies Shareholders' equity: Common shares of beneficial interest, $.01 par value: 300,000,000 shares authorized, 240,457,549 and 239,694,842 shares issued and outstanding, respectively 2,405 2,397 Additional paid in capital 4,618,138 4,617,031 Cumulative net income 1,880,842 2,071,850 Cumulative distributions (4,059,859) (4,052,667) Total shareholders' equity 2,441,526 2,638,611 Total liabilities and shareholders' equity $ 5,530,256 $ 6,002,093 Condensed Consolidated Balance Sheets (dollars in thousands, except share data) Baylor Medical Plaza at Rockwall-Heath 6435 South FM 549 Heath, TX RETURN TO TABLE OF CONTENTS

Q3 2023 9 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Revenues: Rental income $ 63,390 $ 63,960 $ 191,201 $ 191,767 Residents fees and services 293,134 258,960 857,572 754,914 Total revenues 356,524 322,920 1,048,773 946,681 Expenses: Property operating expenses 298,432 289,096 870,740 823,904 Depreciation and amortization 67,236 60,407 200,430 175,927 General and administrative 6,954 6,179 20,111 20,671 Acquisition and certain other transaction related costs 3,676 289 9,812 1,826 Impairment of assets 1,156 — 18,380 — Total expenses 377,454 355,971 1,119,473 1,022,328 (Loss) gain on sale of properties — (5,044) 1,233 322,064 Gains and losses on equity securities, net — (2,674) 8,126 (21,384) Interest and other income (1) 3,243 4,099 12,572 6,760 Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,293, $1,908, $6,616 and $6,698, respectively) (47,758) (46,936) (142,922) (160,042) Loss on modification or early extinguishment of debt — — (1,075) (30,043) (Loss) income before income tax expense and equity in net (losses) earnings of investees (65,445) (83,606) (192,766) 41,708 Income tax expense (189) (13) (379) (845) Equity in net (losses) earnings of investees (145) 2,127 2,137 8,685 Net (loss) income $ (65,779) $ (81,492) $ (191,008) $ 49,548 Weighted average common shares outstanding (basic and diluted) 238,892 238,344 238,722 238,231 Per common share data (basic and diluted): Net (loss) income $ (0.28) $ (0.34) $ (0.80) $ 0.21 Condensed Consolidated Statements of Income (Loss) RETURN TO TABLE OF CONTENTS (1) See footnote on the following page. (amounts in thousands, except per share data)

Q3 2023 10 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Additional Data: General and administrative expenses / total assets (at end of period) 0.1 % 0.1 % 0.4 % 0.3 % Non-cash straight line rent adjustments included in rental income $ 676 $ 2,738 $ (1,333) $ 7,193 Lease value amortization included in rental income $ (22) $ (42) $ 264 $ (204) Non-cash share based compensation $ 666 $ 472 $ 1,500 $ 1,452 Non-cash amortization included in property operating expenses $ 199 $ 199 $ 597 $ 597 Non-cash amortization included in general and administrative expenses $ 744 $ 744 $ 2,231 $ 2,231 COVID-19 Economic Relief (1) $ 115 $ 125 $ 1,581 $ 1,084 Condensed Consolidated Statements of Income (Loss) (Additional Data) (dollars in thousands) RETURN TO TABLE OF CONTENTS (1) DHC recognized as other income funds received under the Coronavirus Aid, Relief, and Economic Security Act, the American Rescue Plan Act and similar state sponsored plans as shown in the table above.

Q3 2023 11 Coupon Interest Principal Maturity Due at Years to Rate Rate Balance Date Maturity Maturity Secured Floating Rate Debt: Secured credit facility (1) 8.331% 8.331% $ 450,000 1/15/2024 $ 450,000 0.3 Weighted average rate / total secured floating rate debt 8.331% 8.331% $ 450,000 $ 450,000 0.3 Unsecured Fixed Rate Debt: Senior unsecured notes due 2024 4.750% 4.790% $ 250,000 5/1/2024 $ 250,000 0.6 Senior unsecured notes due 2025 (2) (3) 9.750% 9.750% 500,000 6/15/2025 500,000 1.7 Senior unsecured notes due 2028 4.750% 4.966% 500,000 2/15/2028 500,000 4.4 Senior unsecured notes due 2031 (3) 4.375% 4.375% 500,000 3/1/2031 500,000 7.4 Senior unsecured notes due 2042 5.625% 5.625% 350,000 8/1/2042 350,000 18.8 Senior unsecured notes due 2046 6.250% 6.250% 250,000 2/1/2046 250,000 22.4 Weighted average rate / total unsecured fixed rate debt 6.024% 6.074% $ 2,350,000 $ 2,350,000 8.1 Secured Fixed Rate Debt: Finance leases - 2 properties 7.700% 7.700% $ 4,156 4/30/2026 $ 155 2.6 Mortgage - secured by 1 property 6.444% 6.444% 9,504 7/6/2043 70 19.8 Weighted average rate / total secured fixed rate debt 6.826% 6.826% $ 13,660 $ 225 14.5 Weighted average rate / total debt 6.397% 6.439% $ 2,813,660 $ 2,800,225 6.9 Debt Summary (dollars in thousands) RETURN TO TABLE OF CONTENTS As of September 30, 2023 (1) DHC pledged certain equity interests of subsidiaries owning properties to secure its obligations under the agreement governing its credit facility, or the credit agreement, and provided first mortgage liens on 62 of DHC's medical office and life science properties. (2) DHC has the option to redeem all or a portion of its senior unsecured notes due 2025 at any time at a set redemption price. As of September 30, 2023, the redemption price was equal to 102.438% of any principal amount to be redeemed. As of June 15, 2024, the redemption price will equal 100% of any principal amount to be redeemed. (3) As of September 30, 2023, all of DHC's senior notes due 2025 and all of DHC's senior notes due 2031 were fully and unconditionally guaranteed, on a joint and several basis and on a senior unsecured basis, by all of DHC's subsidiaries, except for certain excluded subsidiaries, including pledged subsidiaries under DHC's credit agreement. The notes and the guarantees are effectively subordinated to all of DHC's and the subsidiary guarantors' secured indebtedness, respectively, to the extent of the value of the collateral securing such secured indebtedness, and are structurally subordinated to all indebtedness and other liabilities and any preferred equity of any of DHC's subsidiaries that do not guarantee the notes.

Q3 2023 12 $450,000 $250,000 $500,000 $500,000 $500,000 $600,000 $305 $1,820 $1,990 $898 $302 $322 $343 $366 $390 $6,924 Secured Floating Rate Debt Unsecured Fixed Rate Debt Secured Fixed Rate Debt 2023 2024 2025 2026 2027 2028 2029 2030 2031 Thereafter $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Debt Maturity Schedule (2) (1) RETURN TO TABLE OF CONTENTS (dollars in thousands) As of September 30, 2023 (1) Represents outstanding borrowings under DHC's credit facility as of September 30, 2023. (2) Includes $4,156 of finance lease obligations due through April 2026.

Q3 2023 13 Leverage Ratios, Coverage Ratios and Public Debt Covenants RETURN TO TABLE OF CONTENTS As of and For the Three Months Ended 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 Leverage Ratios: Net debt / total gross assets 33.8% 32.8% 32.4% 30.6% 29.2% Net debt / gross book value of real estate assets 35.3% 34.5% 34.4% 33.8% 32.8% Secured debt / total assets 8.4% 8.3% 8.5% 12.2% 12.2% Variable rate debt / net debt 17.7% 18.3% 18.4% 29.2% 30.5% Coverage Ratios: Net debt / annualized Adjusted EBITDAre 10.6x 9.8x 9.6x 10.4x 15.8x Adjusted EBITDAre / interest expense 1.2x 1.3x 1.3x 1.2x 0.8x As of and For the Trailing Twelve Months Ended 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 Public Debt Covenants: Maintenance Covenant Total unencumbered assets / unsecured debt - required minimum 150.0% 261.4% 264.4% 265.3% 276.6% 273.5% Incurrence Covenants Total debt / adjusted total assets - allowable maximum 60.0% 37.0% 37.0% 37.0% 38.8% 38.8% Secured debt / adjusted total assets - allowable maximum 40.0% 6.1% 6.1% 6.3% 9.2% 9.3% Consolidated income available for debt service / debt service - required minimum 1.50x (1) 1.17x 1.08x 0.98x 0.83x 0.79x (1) As of September 30, 2023, DHC's ratio of consolidated income available for debt service to debt service was below the requirement under its credit facility and public debt covenants, and as a result, DHC is unable to refinance existing or maturing debt or issue new debt until this ratio is at or above the required level on a pro forma basis. 4700 North Hanley Road St. Louis, MO