Service Properties Trust
Business
Service Properties Trust is a Maryland REIT that owns and leases 760 net lease retail properties (13.6 million square feet) and 94 hotels (21,243 rooms) across the United States and Canada. The net lease portfolio comprises travel centers, quick-service restaurants, health facilities, casual dining, grocery stores, and medical offices under 140 brands across 21 industries, with a 7.4-year weighted average lease term. The hotel portfolio operates under brands including Royal Sonesta, Hyatt Place, and Radisson, managed by Sonesta, Hyatt, Radisson, and IHG. The company employs asset management strategies to monitor tenant credit, maintain occupancy, and optimize property performance.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Service Properties Trust's CIK number?
Service Properties Trust's SEC CIK number is 0000945394 (945394). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Service Properties Trust's SEC filings?
All of Service Properties Trust's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Service Properties Trust last report earnings?
Service Properties Trust (SVC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000945394-26-000030). This is Service Properties Trust's most recent earnings filing of record — not a forecast of its next earnings date.
What is Service Properties Trust's most recent earnings 8-K?
Service Properties Trust's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0000945394-26-000030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Service Properties Trust's latest earnings 8-K →
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