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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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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NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

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Service Properties Trust is undergoing significant transformation, selling hotels to reduce debt, which could positively impact stock price by 2024-2025. SVC's long-standing industry presence, diverse portfolio, and partnerships with well-known brands like Sonesta and Hyatt highlight its strong market position. Recent debt reduction and stock repurchases indicate undervaluation; potential lower U.S. taxes could boost net income and stock demand.

Service Properties: Extremely Cheap, Selling Assets, And Buying Its Own Shares

NEW YORK, NY / ACCESSWIRE / November 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Service Properties Trust ("SVC" or the "Company") (NASDAQ:SVC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVC

Service Properties Trust's third-quarter earnings reveal revenue headwinds and rising expenses, leading to a net loss of $200 million year-to-date. The company's cash flow issues are severe, with operating cash flow dropping significantly and free cash flow turning negative by $75 million. The proposed sale of 114 hotels aims to raise $1 billion, but proceeds must go towards debt repayment, limiting liquidity improvement.

Service Properties Trust: Dividend Cut And Asset Sales May Not Be Enough

Service Properties Trust has significantly underperformed, with a 70% stock decline YTD and a 90% drop since IPO, due to poor management and financial struggles. SVC's recent dividend cut to $0.01 per share and plans to sell 114 hotels aim to reduce debt and enhance liquidity. The REIT's external management by RMR has led to poor performance, high fees, and misaligned incentives, contributing to SVC's financial deterioration.

Service Properties Trust: Another Victim Of Leverage And External Management

Service Properties Trust (NASDAQ:SVC ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director of IR Todd Hargreaves - President and Chief Investment Officer Jesse Abair - VP Brian Donley - Treasurer and CFO Conference Call Participants Bryan Maher - B. Riley Dori Kesten - Wells Fargo Tyler Batory - Oppenheimer Operator Hello, good morning, and welcome to the Service Properties Trust Third Quarter 2024 conference call.

Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript

Although the revenue and EPS for Service Properties (SVC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Service Properties (SVC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.56 per share a year ago.

Service Properties (SVC) Misses Q3 FFO and Revenue Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2024, 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 to discuss SVC's third quarter results will be held on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-543.

Service Properties Trust Announces Third Quarter 2024 Results

NEW YORK, NY / ACCESSWIRE / November 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

Service Properties Trust Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - SVC

NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

An Investigation Has Commenced on Behalf of Service Properties Trust Shareholders. Contact Levi & Korsinsky to Discuss your SVC Losses.

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

Levi & Korsinsky Announces an Investigation on Behalf of Service Properties Trust (SVC) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

Lost Money on Service Properties Trust (SVC)? Contact Levi & Korsinsky Regarding an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / October 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

Did Service Properties Trust Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate - SVC

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/ ACCESSWIRE / October 23, 2024 / NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

Levi & Korsinsky Reminds Service Properties Trust Investors of the Ongoing Investigation into Potential Violations of Securities Laws – SVC

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Service Properties Trust ("Service Properties Trust") (NASDAQ:SVC) concerning possible violations of federal securities laws. On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share.

SVC ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Service Properties Trust

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that SVC's Board of Trustees has reduced SVC's regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127 million of annual savings. SVC also today announced that it has plans to sell 114 focused service hotels managed by Sonesta International Hotels Corporation.

Service Properties Trust Announces Actions to Improve Liquidity and Reduce Leverage

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone.

Service Properties Trust Third Quarter 2024 Conference Call Scheduled for Thursday, November 7th

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Although the revenue and EPS for Service Properties (SVC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Service Properties (SVC) Q2 Earnings: A Look at Key Metrics

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.45 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.58 per share a year ago.

Service Properties (SVC) Misses Q2 FFO Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2024, 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 to discuss SVC's second quarter results will be held on Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if.

Service Properties Trust Announces Second Quarter 2024 Results

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

News for Service Properties Trust Stock (SVC)