Service Properties Trust SVC

Real estate SIC 6798 - Real Estate Investment Trusts 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 7.61 2026-09-04
Market cap $985.6M 2026-06-30 share count
52-week range 5.65 - 15.05

Valuation FY2025 figures against the last close

P/S0.7x
P/E
P/FCF
EV/EBITDA
Dividend yield0.7%
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.) $166.0M$165.3M$165.0M$164.7M$164.6M$164.2M$164.3M$164.3M$164.2M$156.1M

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.

Others in SIC 6798

TickerCompanyMarket capP/ERevenue growth
WELL WELLTOWER INC. $166.72B 169.9x 40.2%
PLD Prologis, Inc. $128.05B 38.6x 7.2%
EQIX EQUINIX INC $102.22B 75.3x 5.4%
AMT AMERICAN TOWER CORP /MA/ $81.93B 32.6x 20.8%
SPG SIMON PROPERTY GROUP INC. $67.86B 14.8x 6.7%
DLR DIGITAL REALTY TRUST, INC. $66.20B 52.6x 10.0%
O REALTY INCOME CORP $57.96B 52.4x 9.1%
PSA Public Storage $53.04B 33.5x 2.7%