Service Properties Trust

Listed Company

SVCCIK 0000945394NasdaqAcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.81B

Net Income

$-202.32M

Total Assets

$6.49B

Equity

$646.12M

Shares Out

168.06M

Op. Cash Flow

$117.81M

Business

Service Properties Trust is a real estate investment trust that acquires, owns and manages a portfolio of hotel properties and service-focused retail net lease assets. It offers hotel ownership leased to third-party managers and provides net leased retail properties subject largely to triple-net leases, along with asset management, acquisition, disposition and financing activities. Its business is organized into two operating segments: hotel investments and net lease investments. It operates primarily across the United States, with properties also in the District of Columbia, Ontario, Canada and Puerto Rico, leased to national and regional operators and tenants.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Hotel operating revenues	1,413	1,497	1,478	1,467	1,105
Rental income	401	400	396	396	391
Total revenues	1,815	1,897	1,874	1,863	1,496
Hotel operating expenses	1,227	1,274	1,224	1,227	1,011
Net lease operating expenses	22	20	18	13	16
Depreciation and amortization	315	372	384	401	486
General and administrative	41	40	45	44	53
Transaction related costs	15	7	−2	2	65
Loss on asset impairment	82	56	10	11	79
Total expenses	1,700	1,769	1,679	1,699	1,709
Gain on sale of real estate, net	84	6	43	48	12
Gain on equity securities	0	0	49	−8	23
Interest income	9	4	21	3	664,000
Interest expense (including amortization of debt issuance costs, discounts and premiums of $46,337, $31,127 and $25,710, respectively)	−414	−384	−336	−342	—
Loss on early extinguishment of debt, net	−3	−16	−2	−791,000	0
Loss before income tax benefit (expense) and equity in losses of an investee	−209	−262	−30	−135	−545
Income tax benefit (expense)	11	−1	1	199,000	941,000
Equity in losses of an investee	−4	−12	−4	3	−941,000
Net loss	−202	−276	−33	−132	−545
Equity interest in investees unrealized gains (losses)	203,000	−453,000	−65,000	2	2
Other comprehensive income (loss)	203,000	−453,000	−65,000	2	2
Comprehensive loss	−202	−276	−33	−131	−543
Weighted average common shares outstanding (basic) (in shares)	166	165	165	165	165
Weighted average common shares outstanding (diluted) (in shares)	166	165	165	165	165
Net loss per common share (basic) (in dollars per share)	−1.22	−1.67	−0.2	−0.8	−3.31
Net loss per common share (diluted) (in dollars per share)	−1.22	−1.67	−0.2	−0.8	−3.31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	1,751	1,930	1,972	1,903	1,918
Buildings, improvements and equipment	6,198	7,683	7,814	7,658	8,307
Total real estate properties, gross	7,949	9,613	9,786	9,561	10,226
Accumulated depreciation	−2,443	−3,239	−3,182	−2,970	−3,282
Total real estate properties, net	5,506	6,375	6,605	6,591	6,944
Acquired real estate leases and other intangibles, net	100	108	131	252	283
Assets of properties held for sale	94	43	11	122	516
Cash and cash equivalents	347	143	180	38	944
Restricted cash	25	14	18	7	3
Equity method investment	112	116	113	113	63
Due from related persons	241,000	4	6	35	—
Other assets, net	307	317	293	277	291
Total assets	6,492	7,120	7,356	7,488	9,153
Unsecured debt, net	3,234	4,020	—	—	—
Secured debt, net	2,101	1,690	559	0	—
Liabilities of properties held for sale	5	342,000	—	—	—
Total liabilities	5,845	6,268	6,130	6,099	7,598
Commitments and contingencies	—	—	—	—	—
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 168,070,129 and 166,636,537 shares issued and outstanding, respectively	2	2	2	2	2
Additional paid in capital	4,563	4,560	4,557	4,555	4,553
Cumulative other comprehensive income	2	2	2	2	779,000
Cumulative net income	1,993	2,195	2,471	2,503	2,636
Cumulative common distributions	−5,914	−5,907	−5,806	−5,673	−5,635
Total shareholders equity	646	852	1,226	1,389	1,555
Total liabilities and shareholders equity	6,492	7,120	7,356	7,488	9,153

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Straight line rental income	−11	−19	−13	8	3
Deferred income taxes	3	−3	−1	−1	−2
Other non-cash income, net	−2	−2	−2	−2	−3
Due from related persons	4	2	21	−8,000	−6
Other assets	18	743,000	36	4	60
Accounts payable and other liabilities	−61	−43	144	−12	−5
Due to related persons	4	−3	439,000	−11	−6
Net cash provided by operating activities	118	139	486	243	50
Real estate improvements	−225	−304	−201	−104	−95
Hotel managers purchases with restricted cash	−5	−6	−5	−5	−25
Proceeds from sale of TravelCenters of America Inc. common shares	0	0	102	0	0
Proceeds from sale of tradenames and trademarks	0	0	89	0	0
Real estate acquisitions and deposits	−95	0	−166	—	—
Net proceeds from sale of real estate	853	102	156	554	51
Investment in Sonesta	0	−15	−5	−45	−25
Net cash provided by (used in) investing activities	529	−223	−30	397	−101
Proceeds from mortgage notes payable, net of discounts	0	0	577	0	0
Repayment of mortgage notes payable	−2	−2	−2	0	0
Repayment of senior unsecured notes	−802	−1,163	−1,675	−500	0
Borrowings under variable funding note	45	0	0	—	—
Borrowings under revolving credit facility	765	160	0	20	984
Repayments of revolving credit facility	−915	−10	0	−1,020	−62
Payment of debt issuance costs	−8	−5	−57	−4	−7
Repurchase of common shares	−660,000	−751,000	−802,000	−470,000	−790,000
Distributions to common shareholders	−7	−101	−132	−38	−7
Net cash (used in) provided by financing activities	−432	43	−304	−1,542	907
Increase (decrease) in cash and cash equivalents and restricted cash	215	−40	152	−902	856

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro