Service Properties Trust

Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico. The company was founded by Barry M. Portnoy on February 7, 1995 and is headquartered in Newton, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Service Properties Trust (SVC) reports strong Q4 performance and eyes growth opportunities in key markets

Service Properties Trust (SVC) delivered strong financial results in Q4 2022, driven by robust performance in its hotel portfolio and strategic initiatives to enhance operational efficiency.
Despite facing challenges in market conditions and operational transitions, SVC remains focused on capitalizing on growth opportunities through acquisitions and property renovations.
With a solid financial foundation and a proactive approach to managing assets, SVC is well-positioned to navigate market challenges and drive sustainable growth in the hospitality sector.

Service Properties Trust reports strong Q1 results amidst market challenges

SVC's Q1 2023 performance reflected strength in the hotel portfolio and operational improvements.
Challenges include tenant vacates impacting net lease rents and pending acquisitions.
Opportunities lie in exploring growth avenues, financing options, and market trends.
Overall, SVC showcased positive market positioning and financial resilience in Q1 2023.

Service Properties Trust (SVC) reports strong Q2 performance and strategic growth plans

Service Properties Trust (SVC) demonstrated robust performance in Q2, driven by strong hotel portfolio results and strategic financial management.
While facing challenges like inflation and labor costs, SVC's proactive approach to acquisitions and debt management positions them well for future growth.
Opportunities lie in optimizing operations, exploring growth in urban markets, and addressing financial concerns to sustain positive momentum.
Overall, SVC's focus on stability, growth, and financial prudence sets a solid foundation for continued success in the market.

Service Properties Trust (SVC) posts strong Q3 results amid evolving market dynamics

Service Properties Trust (SVC) reported solid Q3 results driven by hotel performance and positive business travel trends.
While facing challenges like debt maturities and operational integration, the company is leveraging strengths in brand loyalty and financial stability.
Opportunities lie in growing direct bookings, franchising efforts, and strategic debt management for long-term success.
Overall, SVC's focus on customer engagement and financial resilience positions them well for future growth and profitability.

Service Properties Trust reports mixed Q4 results, eyes growth opportunities

SVC navigated industry challenges with mixed performance across hotel segments.
Maintained strong financial metrics with a focus on operational efficiency and capital structure.
Balancing operational costs and revenue generation remains crucial for sustained growth.
Strategic initiatives and market positioning will be key to capitalizing on growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Service Properties (SVC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Service Properties (SVC) Soars 8.3%: Is Further Upside Left in the Stock?

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced the results of its 2022 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee       Percentage of Shares Voted For Laurie B. Burns       81.9% Robert E. Cramer was re-elected as an Independent Trustee. The fin

Service Properties Trust Announces Annual Meeting Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donley will be presenting at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on Tuesday, June 14, 2022 at 8:15 a.m. Eastern Time. SVC management will also be hosting virtual meetings with investors. For additional information or to schedule a virtual one-on-one meeting with SVC man

Service Properties Trust to Present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on Tuesday, June 14th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donley will be presenting at Nareit's REITweek: 2022 Investor Conference in New York, NY on Wednesday, June 8, 2022 at 8:00 a.m. Eastern Time. A live audio webcast of the presentation will be available in a listen-only mode on the company's website at www.svcreit.com/investors/events-and-presentations.

Service Properties Trust to Present at Nareit's REITweek: 2022 Investor Conference on Wednesday, June 8th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donley will be participating in meetings with investors at the 22nd Annual B. Riley Securities Institutional Investor Conference in Los Angeles, CA on Wednesday, May 25th, 2022. For additional information or to schedule a one-on-one meeting with SVC management, please contact your B. Riley Securities re

Service Properties Trust to Participate at the 22nd Annual B. Riley Securities Institutional Investor Conference on Wednesday, May 25th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced progress on its previously announced plan to sell 68 Sonesta branded hotels. To date, 42 hotels totaling 6,348 keys have been sold for aggregate proceeds of $397.6 million. An additional 22 hotels totaling 1,781 keys are under purchase and sale agreements for an aggregate sales price of $141.0 million. SVC continues to market four additional hotels for sale. SVC currently expects the majority of the 22 hotels

Service Properties Trust Closes on the Sales of 20 Additional Hotels

NEWTON, Mass.--(BUSINESS WIRE)--First paragraph, second sentence of release should read: The redemption price is expected to be paid on or about June 15, 2022. (instead of The redemption price is expected to be paid on or about June 30, 2022.) The updated release reads: SERVICE PROPERTIES TRUST ANNOUNCES EARLY REDEMPTION OF ITS $500 MILLION OF OUTSTANDING 5.000% SENIOR NOTES DUE AUGUST 2022 Service Properties Trust (Nasdaq: SVC) today announced the early redemption of its outstanding 5.000% Sen

CORRECTING and REPLACING Service Properties Trust Announces Early Redemption of its $500 Million of Outstanding 5.000% Senior Notes Due August 2022

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the early redemption of its outstanding 5.000% Senior Notes due August 2022 at a redemption price equal to the principal amount of $500 million, plus accrued and unpaid interest to, but excluding the date of redemption. The redemption price is expected to be paid on or about June 30, 2022. SVC currently expects to fund this redemption by using cash on hand. About Service Properties Trust Service Properties Tr

Service Properties Trust Announces Early Redemption of its $500 Million of Outstanding 5.000% Senior Notes Due August 2022

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will host an Investor Day with Sonesta International Hotels (Sonesta) for financial analysts and institutional investors in Chicago on Monday, May 23, 2022. The event will begin at 4:00 p.m. Eastern Time and feature presentations from SVC and Sonesta senior leadership, followed by a question and answer session. A live webcast of the investor day presentation, along with supporting materials, will be a

Service Properties Trust to Host Investor Day with Sonesta International Hotels on May 23, 2022

Service Properties Trust (NASDAQ:SVC ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Todd Hargreaves – Vice President and Chief Investment Officer Brian Donley – Treasurer and Chief Financial Officer Kristin Brown – Director of Investor Relations Conference Call Participants Bryan Maher – B. Riley Securities Dory Heston – Wells Fargo Operator Good morning.

Service Properties Trust (SVC) Q1 2022 Results - Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2022. Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement: “Hotel operating trends began to improve in mid-February as the impact of the Omicron variant subsided and bookings increased at our urban and select service hotels. Comparable RevPAR improved as the first quarter progressed from 37.3% below 2019 levels in J

Service Properties Trust Announces First Quarter 2022 Results

NEWTON, Mass.--(BUSINESS WIRE)--Subhead of release should read: Progressing on Its Previously Announced Sales Initiative, with Nine Hotels Sold and 54 Hotels Under Purchase and Sale Agreements (Instead of 56 Hotels). The updated release reads:  SERVICE PROPERTIES TRUST ANNOUNCES AMENDMENT TO CREDIT FACILITY AND EXTENDS MATURITY DATE TO JANUARY 2023 Progressing on Its Previously Announced Sales Initiative, with Nine Hotels Sold and 54 Hotels Under Purchase and Sale Agreements Hotel Occupancy, Av

CORRECTING and REPLACING Service Properties Trust Announces Amendment to Credit Facility and Extends Maturity Date to January 2023

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced it has amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2023. The key terms of the amendment include: The revolving credit facility commitments have been reduced from $1 billion to $800 million; SVC can acquire up to an aggregate of $300 million of real property assets; SVC can fund up to an aggregate of $100 million of capital contr

Service Properties Trust Announces Amendment to Credit Facility and Extends Maturity Date to January 2023

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2022 results after the Nasdaq closes on Wednesday, May 4, 2022.  On Thursday, May 5, 2022 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results.  The conference call telephone number is (877) 329-3720.  Participants calling f

Service Properties Trust First Quarter 2022 Conference Call Scheduled for Thursday, May 5th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that Todd Hargreaves has been appointed as its President and Chief Investment Officer, effective April 1, 2022. Mr. Hargreaves has served as Vice President of SVC since 2019 and as Vice President and Chief Investment Officer of SVC since 2020. Mr. Hargreaves is also Senior Vice President of The RMR Group (Nasdaq: RMR), responsible for all real estate and real estate related acquisitions at RMR. Prior to joini

Service Properties Trust Appoints Todd Hargreaves as President and Chief Investment Officer Effective April 1, 2022

Service Properties Trust (SVC) CEO John Murray on Q4 2021 Results - Earnings Call Transcript

Service Properties (SVC) delivered FFO and revenue surprises of -26.09% and 6.06%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Service Properties (SVC) Misses Q4 FFO Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2021. John Murray, President and Chief Executive Officer of SVC, made the following statement: “The fourth quarter marked a period of stability in the overall recovery for SVC's hotel portfolio, as normal seasonality and the impact of the Omicron variant late in the quarter were offset by solid extended stay occupancy and continued leisure demand. SVC's

Service Properties Trust Announces Fourth Quarter 2021 Results

Ryman Hospitality Properties

These could be big winners as the world gradually gets back to normal.

Americans Want to Travel -- Here Are 2 Great Hotel Stocks to Buy

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2021 results after the Nasdaq closes on Thursday, February 24, 2022. On Friday, February 25, 2022 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results. The conference call telephone numb

Service Properties Trust Fourth Quarter 2021 Conference Call Scheduled for Friday, February 25th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2021 income tax reporting purposes is as follows: Common Shares   Dividend Allocation   Per Share                     Section       Total   Unrecaptured     Declaration   Record   Paid/Payable   Dividends   Ordinary   199A   Qualified   Capital   Section 1250   Return of Dates   Dates   Dates   Per Share   Income   Dividend(1)   Dividend(2)   Gain   Gain(3)   Capital

Service Properties Trust Announces 2021 Dividend Allocation

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it reached an agreement with Sonesta International Hotels Corporation, or Sonesta, to amend their existing management agreements effective January 1, 2022. SVC currently owns 262 hotels that are managed by Sonesta and 68 of these hotels are expected to be sold, or the sale hotels. Among other terms, the changes to the agreements between SVC and Sonesta for 194 hotels, or the retained hotels, are

Service Properties Trust Amends Management Agreements with Sonesta

The company reported earnings results for the third quarter of 2021.

Why Shares of Services Properties Trust Are Rising Today

Service Properties Trust (SVC) CEO John Murray on Q3 2021 Results - Earnings Call Transcript

Service Properties (SVC) delivered FFO and revenue surprises of 35.00% and -1.43%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Service Properties Trust Stock (SVC)