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

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Earnings data Q4 2022

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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.

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Industrial Logistics Properties

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I'm no fan of externally-managed REITs. Especially the three tickers I'm discussing today. I suggest you avoid these rotten REITs at all costs.

3 Rotten REITs

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2023 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 01/12/23 01/23/23 02/16/23 $0.20 $0.0186 $0.0061 $0.0125 $0.1723 $0.

Service Properties Trust Announces 2023 Dividend Allocation

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This Real Estate Portfolio Yields More Than 12%

Hotel REITs have performed well this year, keeping pace with the Dow and outperforming other REIT sectors. Not so with Net Lease REITs. Hotel demand is increasing, with passenger volume slightly above pre-pandemic levels and hotel RevPAR 17% above 2019 levels. Service Properties Trust is a small-cap company with assets split almost equally between hotels and net lease properties.

Service Properties Trust: Heavy Debt And Shaky Dividend

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Extremely High Yield REITs: Danger And Opportunity

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has priced $1.0 billion aggregate principal amount of 8.625% senior secured notes due 2031. The closing is expected to occur on November 16, 2023, subject to the satisfaction of customary closing conditions. The new notes are guaranteed by certain of SVC's subsidiaries and secured by first-priority liens on the equity interests of subsidiaries that own and lease 70 of its travel center properties to T.

Service Properties Trust Prices $1.0 Billion of Senior Secured Notes Due 2031

Service Properties Trust (NASDAQ:SVC ) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Stephen Colbert - Director, IR Todd Hargreaves - President & CIO Brian Donley - CFO & Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Operator Good morning, and welcome to the Service Properties Trust Third Quarter 2023 Earnings Conference Call.

Service Properties Trust (SVC) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Service Properties (SVC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Service Properties (SVC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2023, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. A conference call will be held on Tuesday, November 7, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720. Participants calling from outside the United States and.

Service Properties Trust Announces Third Quarter 2023 Results

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9 REITs Blown Apart, Holding Serious 2024 Rebound Potential

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2023 results after the Nasdaq closes on Monday, November 6, 2023. On Tuesday, November 7, 2023 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 callin.

Service Properties Trust Third Quarter 2023 Conference Call Scheduled for Tuesday, November 7th

Service Properties Trust (NASDAQ:SVC ) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Stephen Colbert - Director, IR Todd Hargreaves - President & CIO Brian Donley - CFO & Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Dori Kesten - Wells Fargo Securities Tyler Batory - Oppenheimer Operator Good morning, and welcome to the Service Properties Trust Second Quarter 2023 Earnings Conference Call.

Service Properties Trust (SVC) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Service Properties (SVC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Service Properties (SVC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.54 per share a year ago.

Service Properties (SVC) Meets Q2 FFO Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. A conference call will be held on Tuesday, August 8, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720. Participants calling from outside the United States and Canada.

Service Properties Trust Announces Second Quarter 2023 Results

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12 Sturdy REITs Expected To Grow Revenues By Double Digits

While I usually stick to quality names, I think it can be worth investing a small portion of assets into deep value. SVC's assets are worth fully double where it is trading. We discuss the opportunity and the risks.

Deep Value With Service Properties Trust

The success of Taylor Swift's Eras Tour and Beyonce's Renaissance Tour is expected to drive significant revenue for certain hotel REITs, particularly in the US. Service Properties Trust and Apple Hospitality are predicted to benefit most, with properties in 24 and 23 of the tour cities respectively, potentially leading to higher occupancy and room rates. The tours are expected to have a very positive impact on the 3rd quarter earnings results of Service Properties Trust and Apple Hospitality and could drive unprecedented revenue growth.

Beyonce Renaissance Tour Caps Off Blow Out Third Quarter For Hotel REITs

Sweden's Central Bank reported a higher than expected 9.7% inflation rate in May, partly attributed to the impact of Beyonce's Renaissance Tour on hotel prices. The article explores the potential for hotel REITs to benefit from major concert tours, citing evidence of increased occupancy and room rates during Taylor Swift's Eras Tour. The article identifies Service Properties Trust and Apple Hospitality as the REITs with the most exposure to Swift's tour, suggesting they may see enhanced demand and profitability.

REITs Capitalizing On Taylor Swift's Eras Tour

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2023 results after the Nasdaq closes on Monday, August 7, 2023. On Tuesday, August 8, 2023 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 Second Quarter 2023 Conference Call Scheduled for Tuesday, August 8th

Service Properties (SVC) enters into a new secured $650 million revolving credit facility set to expire on Jun 29, 2027. The move replaces its prior $800 million facility and boosts financial flexibility.

Service Properties (SVC) Ups Flexibility With New Credit Facility

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower's option. Interest paid on drawings under the new facility will be based on SOFR plus a margin ranging from 1.50% to 3.00% based on SVC's leverage ratio as defined in the agreement and will initially be 2.50%. The new facil.

Service Properties Trust Enters New $650 Million Credit Facility

News for Service Properties Trust Stock (SVC)