Service Properties Trust SVC

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived Nasdaq

We are a REIT formed in 1995 under the laws of the State of Maryland. As of December 31, 2025, we owned 760 service-focused retail net lease properties with an aggregate of 13,601,902 square feet located in 42 states and 94 hotels with an aggregate of 21,243 rooms or suites located in 31 states, the District of Columbia, Ontario, Canada, and San Juan, Puerto Rico. Our principal place of business is Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts 02458-1634, and our telephone number is (617) 964-8389.

We seek to have a geographically diverse portfolio of real estate primarily in the United States. Our principal internal growth strategy is to actively manage our net lease portfolio by engaging in early lease renewal discussions to maintain occupancy and grow rental income while simultaneously monitoring the credit of our tenants and identifying asset recycling opportunities. We apply asset management strategies to aid our hotel operators in improving performance and operating income of our hotel properties. Our asset management teams also work closely with our tenants and managers to ensure our net lease properties and hotels are well maintained and that capital investments are well planned, prudent and executed efficiently in order to maximize the long term value of our properties.

Last close 6.15 2026-10-23
Market cap $796.5M 2026-06-30 share count
52-week range 5.65 - 12.15

Valuation FY2025 figures against the last close

P/S0.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.8%
Diluted EPS-1.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.41B$1.50B$1.48B$1.47B$1.10B$875.1M$1.99B$1.96B$2.17B$2.05B
Cost of revenue ——————$1.41B$1.39B$1.27B$1.20B
Gross profit ——————$578.2M$571.5M$897.3M$844.7M
SG&A $40.7M$40.2M$45.4M$44.4M$53.4M$50.7M$54.6M$104.9M$125.4M$99.1M
Total operating expenses $1.70B$1.77B$1.68B$1.70B$1.71B$1.32B$1.94B$1.90B$1.79B$1.66B
Operating income ————————$380.3M$386.9M
Interest expense $413.6M$383.8M$336.3M$341.8M$365.7M$306.5M$225.1M$195.2M$181.6M$161.9M
Pre-tax income -$213.0M$0$0-$135.4M-$544.6M-$284.3M$262.1M$186.4M$211.3M$227.0M
Income tax $10.7M$1.4M$1.5M$199.0K$941.0K$17.2M$2.8M$1.2M$3.3M$4.0M
Net income -$202.3M-$275.5M-$32.8M-$132.4M-$544.6M-$311.4M$259.8M$185.7M$215.1M$223.1M
EPS, basic -1.22-1.67-0.20-0.80-3.31-1.891.58———
EPS, diluted -1.22-1.67-0.20-0.80-3.31-1.891.581.131.241.30
Shares, diluted (wtd. avg.) 166.0M165.3M165.0M164.7M164.6M164.2M164.3M164.3M164.2M156.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $346.8M$143.5M$180.1M$45.4M$947.4M$91.5M$81.3M$76.0M$97.5M$71.4M
Other intangibles $100.0M$108.0M$130.6M$252.4M$283.2M$325.8M$378.5M$105.7M$108.3M$108.5M
Total assets $6.49B$7.12B$7.36B$7.49B$9.15B$8.69B$9.03B$7.18B$7.15B$6.63B
Long-term debt $5.50B$5.83B$5.63B———————
Total liabilities $5.85B$6.27B$6.13B$6.10B$7.60B$6.58B$6.53B$4.58B$4.39B$3.50B
Retained earnings $1.99B$2.19B$2.47B$2.50B$2.64B$3.18B$3.49B$3.23B$3.31B$3.10B
Total equity $646.1M$851.9M$1.23B$1.39B$1.56B$2.10B$2.51B$2.60B$2.76B$3.13B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $117.8M$139.4M$485.5M$243.1M$49.9M$37.6M$617.7M$597.0M$628.5M$607.4M
Depreciation and amortisation $315.0M$371.8M$384.1M$401.1M$486.0M$498.9M$428.4M$403.1M$386.7M$357.3M
Capital expenditure $224.8M$303.6M$200.9M$103.6M$95.0M$69.1M$150.5M$182.9M$131.1M$187.7M
Investing cash flow $528.7M-$222.9M-$29.6M$397.3M-$101.3M-$51.8M-$2.13B-$427.7M-$795.1M-$520.0M
Financing cash flow -$431.8M$43.0M-$303.6M-$1.54B$907.4M$24.4M$1.52B-$190.7M$192.8M-$81.0M
Dividends paid $6.7M$101.2M$132.4M$38.0M$6.6M$93.8M$353.6M$346.8M$340.1M$314.1M
Buybacks $660.0K$751.0K$802.0K$470.0K$790.0K$346.0K$800.0K$606.0K$533.0K$613.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000945394-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 2B Gross profit, FY2016: 844.7M Net income, FY2016: 223.1M Revenue, FY2017: 2.2B Gross profit, FY2017: 897.3M Net income, FY2017: 215.1M Revenue, FY2018: 2B Gross profit, FY2018: 571.5M Net income, FY2018: 185.7M Revenue, FY2019: 2B Gross profit, FY2019: 578.2M Net income, FY2019: 259.8M Revenue, FY2020: 875.1M Net income, FY2020: -311.4M Revenue, FY2021: 1.1B Net income, FY2021: -544.6M Revenue, FY2022: 1.5B Net income, FY2022: -132.4M Revenue, FY2023: 1.5B Net income, FY2023: -32.8M Revenue, FY2024: 1.5B Net income, FY2024: -275.5M Revenue, FY2025: 1.4B Net income, FY2025: -202.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.05B $2.17B $1.96B $1.99B $875.1M $1.10B $1.47B $1.48B $1.50B $1.41B
Gross profit $844.7M $897.3M $571.5M $578.2M — — — — — —
Net income $223.1M $215.1M $185.7M $259.8M -$311.4M -$544.6M -$132.4M -$32.8M -$275.5M -$202.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Charter or fiscal year changed Item 5.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6798

TickerCompanyMarket capP/ERevenue growth
WELL WELLTOWER INC. $167.53B 170.7x 40.2%
PLD Prologis, Inc. $117.89B 35.5x 7.2%
EQIX EQUINIX INC $94.23B 69.4x 5.4%
AMT AMERICAN TOWER CORP /MA/ $88.04B 35.0x 20.8%
SPG SIMON PROPERTY GROUP INC. $68.57B 14.9x 6.7%
DLR DIGITAL REALTY TRUST, INC. $60.57B 48.1x 10.0%
PSA Public Storage $54.42B 34.4x 2.7%
O REALTY INCOME CORP $53.83B 48.6x 9.1%