NASDAQ : SVC

Service Properties Trust — Financial statements

Real Estate · REIT - Hotel & Motel · United States

Last price 6.41 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 830.16M

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Rental Revenue402.97M401.44M400.22M395.83M395.67M390.90M
Other Revenue1.26B1.41B1.50B1.48B1.47B1.10B
Total Revenue1.66B1.81B1.90B1.87B1.86B1.50B
Property Expenses1.14B1.26B1.30B1.24B1.24B1.09B
Selling, General & Administrative40.78M40.67M40.24M45.40M44.40M53.44M
Depreciation & Amortization303.76M314.96M371.79M384.06M401.11M485.96M
Total Operating Expenses1.48B1.62B1.71B1.67B1.69B1.63B
Operating Income177.79M196.37M184.04M204.46M175.05M-134.98M
Interest Expense-393.62M-413.61M-383.79M-336.34M-341.80M-365.72M
Interest & Investment Income9.04M9.00M4.05M20.98M3.38M664.00K
Income (Loss) on Equity Investments-3.00M-4.22M-12.30M-4.38M2.86M-941.00K
EBT Excluding Unusual Items-209.80M-212.47M-208.00M-115.28M-160.51M-500.98M
Gain (Loss) on Sale of Investments48.84M-8.10M22.54M
Gain (Loss) on Sale of Assets84.60M84.22M6.27M43.24M47.82M11.52M
Asset Writedown-244.36M-81.89M-56.21M-9.54M-10.99M-78.62M
Other Unusual Items-64.15M-2.90M-16.18M-1.52M-791.00K
Pretax Income-433.71M-213.04M-274.12M-34.28M-132.58M-545.54M
Income Tax Expense-10.97M-10.72M1.40M-1.50M-199.00K-941.00K
Net Income-422.74M-202.32M-275.53M-32.78M-132.38M-544.60M
Net Income to Common-422.74M-202.32M-275.53M-32.78M-132.38M-544.60M
Basic Shares Outstanding57.09M33.19M33.07M33.00M32.95M32.91M
Diluted Shares Outstanding57.09M33.19M33.07M33.00M32.95M32.91M
EPS (Basic)-7.40-6.10-8.33-0.99-4.02-16.55
EPS (Diluted)-7.40-6.10-8.33-0.99-4.02-16.55
Dividend Per Share0.200.202.104.002.100.20
Operating Margin10.70%10.82%9.70%10.91%9.40%-9.03%
Profit Margin-25.44%-11.15%-14.52%-1.75%-7.11%-36.41%
EBITDA481.55M511.33M555.83M588.52M576.15M350.98M
EBITDA Margin28.98%28.18%29.30%31.41%30.93%23.47%
D&A For Ebitda303.76M314.96M371.79M384.06M401.11M485.96M
EBIT177.79M196.37M184.04M204.46M175.05M-134.98M
EBIT Margin10.70%10.82%9.70%10.91%9.40%-9.03%
Funds From Operations (FFO)45.52M114.95M150.55M272.69M243.72M-11.47M
FFO Per Share7.40-0.35
Adjusted Funds From Operations (AFFO)114.95M150.55M272.69M243.72M-11.47M
AFFO Per Share7.40-0.35
FFO Payout Ratio25.27%5.81%67.19%48.56%15.61%
Revenue as Reported1.66B1.81B1.90B1.87B1.86B1.50B

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Property, Plant & Equipment5.16B5.65B6.53B6.76B6.67B7.12B
Cash & Equivalents5.51M346.81M143.48M180.12M38.37M944.04M
Accounts Receivable184.19M98.97M85.48M63.21M67.28M75.05M
Investment In Debt and Equity Securities53.05M61.16M
Other Intangible Assets92.32M100.04M107.96M130.62M353.87M283.24M
Restricted Cash23.16M25.27M13.90M17.71M7.05M3.38M
Other Current Assets153.68M126.20M89.57M58.99M121.91M515.52M
Deferred Long-Term Charges7.71M8.23M10.88M2.29M6.08M
Other Long-Term Assets220.04M133.31M145.38M132.92M177.88M143.53M
Total Assets5.84B6.49B7.12B7.36B7.49B9.15B
Current Portion of Long-Term Debt2.00M
Current Portion of Leases14.35M
Long-Term Debt4.58B5.33B5.71B5.52B5.66B7.14B
Long-Term Leases132.85M150.85M157.13M177.26M177.35M
Accounts Payable410.92M281.38M334.85M380.51M194.75M198.62M
Other Current Liabilities3.16M5.76M902.00K746.00K933.00K
Long-Term Deferred Tax Liabilities2.39M16.27M16.13M18.03M18.84M
Other Long-Term Liabilities38.91M74.30M54.11M55.24M52.90M60.18M
Total Liabilities5.03B5.85B6.27B6.13B6.10B7.60B
Common Stock1.29M1.68M1.67M1.66M1.66M1.65M
Additional Paid-In Capital5.11B4.56B4.56B4.56B4.55B4.55B
Distributions in Excess of Earnings-4.30B-3.92B-3.71B-3.34B-3.17B-3.00B
Comprehensive Income & Other2.01M2.07M1.86M2.32M2.38M779.00K
Total Common Equity806.46M646.12M851.87M1.23B1.39B1.56B
Shareholders' Equity806.46M646.12M851.87M1.23B1.39B1.56B
Total Liabilities & Equity5.84B6.49B7.12B7.36B7.49B9.15B
Total Debt4.58B5.48B5.86B5.68B5.83B7.32B
Net Cash (Debt)-4.57B-5.13B-5.72B-5.50B-5.79B-6.38B
Net Cash Per Share-80.10-154.71-172.92-166.59-175.87-193.73
Filing Date Shares Outstanding129.51M33.61M33.33M33.15M33.10M33.02M
Total Common Shares Outstanding129.53M33.61M33.33M33.15M33.09M33.02M
Book Value Per Share6.2319.2225.5636.9841.9747.10
Tangible Book Value714.13M546.08M743.92M1.10B1.03B1.27B
Tangible Book Value Per Share5.5116.2522.3233.0431.2838.53
Land1.73B1.75B1.93B1.97B1.90B1.92B
Buildings5.86B6.00B7.34B7.44B7.27B7.87B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-422.74M-202.32M-275.53M-32.78M-132.38M-544.60M
Depreciation & Amortization303.76M314.96M371.79M384.06M401.11M485.96M
Other Amortization65.43M46.34M31.13M25.71M19.38M21.04M
Gain (Loss) on Sale of Assets-84.60M-84.22M-6.27M-43.24M-47.82M-11.52M
Gain (Loss) on Sale of Investments-48.84M8.10M-22.54M
Asset Writedown244.36M81.89M56.21M9.54M10.99M78.62M
Income (Loss) on Equity Investments3.00M4.22M12.30M4.38M-2.86M941.00K
Change in Accounts Payable-69.29M-61.46M-42.59M144.08M-11.51M-5.06M
Change in Other Net Operating Assets26.50M25.86M-282.00K57.27M-6.92M48.76M
Other Operating Activities57.04M-7.47M-7.37M-14.64M5.04M-1.69M
Operating Cash Flow123.46M117.81M139.39M485.55M243.13M49.90M
Acquisition of Real Estate Assets-266.98M-319.75M-303.60M-366.76M-106.41M-102.73M
Sale of Real Estate Assets826.31M853.05M102.38M156.43M554.09M51.41M
Net Sale / Acq. of Real Estate Assets559.33M533.29M-201.22M-210.33M447.68M-51.31M
Investment in Marketable & Equity Securities-15.27M96.76M-45.47M-25.43M
Other Investing Activities-6.38M-4.58M-6.38M-5.41M-4.95M-24.57M
Investing Cash Flow552.94M528.71M-222.86M-29.58M397.25M-101.31M
Long-Term Debt Issued1.30B1.33B1.56B20.00M984.03M
Long-Term Debt Repaid-1.72B-1.17B-1.68B-1.52B-62.45M
Net Debt Issued (Repaid)-1.24B-416.25M150.40M-113.78M-1.50B921.58M
Issuance of Common Stock541.80M
Repurchase of Common Stock-677.00K-660.00K-751.00K-802.00K-470.00K-790.00K
Common Dividends Paid-11.50M-6.68M-101.15M-132.43M-38.04M-6.60M
Total Dividends Paid-11.50M-6.68M-101.15M-132.43M-38.04M-6.60M
Other Financing Activities-25.49M-8.22M-5.47M-56.55M-3.86M-6.82M
Net Cash Flow-57.35M214.70M-40.44M152.41M-902.00M855.96M
Levered Free Cash Flow903.98M119.13M187.14M662.06M713.81M-377.64M
Unlevered Free Cash Flow1.08B331.30M395.88M846.57M908.06M-170.10M
Cash Interest Paid352.91M379.57M366.19M314.32M334.26M344.04M
Cash Income Tax Paid-639.00K4.19M1.36M1.64M3.41M
Change in Working Capital-42.79M-35.59M-42.87M201.35M-18.43M43.69M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization810.73M309.28M423.29M1.42B1.21B1.45B
Enterprise Value5.38B5.66B5.93B6.72B6.89B7.68B
Last Close Price6.268.9712.1737.2028.8233.70
Price/FFO Ratio3.89-96.30
Price/AFFO Ratio3.90-96.72
PS Ratio0.490.170.220.760.650.97
PB Ratio1.010.480.501.160.870.93
P/OCF Ratio6.572.623.042.924.9629.08
EV/Sales Ratio3.243.123.133.583.705.13
EV/EBITDA Ratio11.1811.0710.6711.4211.9521.88
EV/EBIT Ratio30.2828.8232.2232.8639.34
Debt / Equity Ratio5.688.486.884.634.204.71
Debt / EBITDA Ratio9.3310.5310.379.499.9320.16
Net Debt / Equity Ratio5.677.956.714.484.174.10
Net Debt / EBITDA Ratio9.5010.0410.299.3410.0618.17
Asset Turnover0.260.270.260.250.220.17
Quick Ratio0.461.480.680.640.545.13
Current Ratio0.881.980.990.841.207.74
Return on Equity (ROE)-56.28%-27.01%-26.52%-2.51%-8.99%-29.78%
Return on Assets (ROA)1.74%1.80%1.59%1.72%1.31%-0.95%
Return on Invested Capital (ROIC)3.24%3.06%2.70%2.90%2.17%-1.57%
Earnings Yield-118.28%-65.42%-65.09%-2.31%-10.97%-37.53%
Dividend Yield3.19%2.17%16.53%9.37%5.76%0.46%
Buyback Yield / Dilution-72.40%-0.37%-0.21%-0.15%-0.10%-0.21%
Total Shareholder Return-69.21%1.80%16.32%9.22%5.66%0.25%