SVC on Nasdaq
Service Properties Trust
We are a REIT formed in 1995 under the laws of the State of Maryland.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerSVC on Nasdaq1
- IndustryReal Estate Investment Trusts1
- HeadquartersNewton, Massachusetts1
- Incorporated inMD2
- Business addressC/O The Rmr Group, Two Newton Pl., 255 Wash. St., Ste. 300, Newton, Ma 024582
- Filer categoryAccelerated filer2
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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) 964-8389.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$1.4B
- Income tax1¢$10.7M
Out of $1.4B in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid6¢$6.7M
- Share buybacks1¢$660.0K
- Kept or used elsewhere94¢$110.5M
Out of $117.8M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Hotel operating revenues | $1.4B | $1.5B | $1.5B |
| Rental income | $401.4M | $400.2M | $395.8M |
| Total revenues | $1.8B | $1.9B | $1.9B |
| Hotel operating expenses | $1.2B | $1.3B | $1.2B |
| Net lease operating expenses | $21.6M | $19.8M | $17.7M |
| Depreciation and amortization | $315.0M | $371.8M | $384.1M |
| General and administrative | $40.7M | $40.2M | $45.4M |
| Transaction related costs | $14.7M | $6.9M | -$1.6M |
| Loss on asset impairment | $81.9M | $56.2M | $9.5M |
| Total expenses | $1.7B | $1.8B | $1.7B |
| Gain on sale of real estate, net | $84.2M | $6.3M | $43.2M |
| Gain on equity securities | $0 | $0 | $48.8M |
| Interest income | $9.0M | $4.1M | $21.0M |
| Interest expense (including amortization of debt issuance costs, discounts and premiums of $46,337, $31,127 and $25,710, respectively) | -$413.6M | -$383.8M | -$336.3M |
| Loss on early extinguishment of debt, net | -$2.9M | -$16.2M | -$1.5M |
| Loss before income tax benefit (expense) and equity in losses of an investee | -$208.8M | -$261.8M | -$29.9M |
| Income tax benefit (expense) | $10.7M | -$1.4M | $1.5M |
| Equity in losses of an investee | -$4.2M | -$12.3M | -$4.4M |
| Net loss | -$202.3M | -$275.5M | -$32.8M |
| Equity interest in investees unrealized gains (losses) | $203.0K | -$453.0K | -$65.0K |
| Other comprehensive income (loss) | $203.0K | -$453.0K | -$65.0K |
| Comprehensive loss | -$202.1M | -$276.0M | -$32.8M |
| Weighted average common shares outstanding (basic) (in shares) | 166.0M shares | 165.3M shares | 165.0M shares |
| Weighted average common shares outstanding (diluted) (in shares) | 166.0M shares | 165.3M shares | 165.0M shares |
| Net loss per common share (basic) (in dollars per share) | -$1.22 | -$1.67 | -$0.20 |
| Net loss per common share (diluted) (in dollars per share) | -$1.22 | -$1.67 | -$0.20 |
| Interest expense including amortization of debt issuance costs, discounts and premiums | $46.3M | $31.1M | $25.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $1.8B | $1.9B | ||
| Buildings, improvements and equipment | $6.2B | $7.7B | ||
| Total real estate properties, gross | $7.9B | $9.6B | ||
| Accumulated depreciation | -$2.4B | -$3.2B | ||
| Total real estate properties, net | $5.5B | $6.4B | ||
| Acquired real estate leases and other intangibles, net | $100.0M | $108.0M | ||
| Assets of properties held for sale | $94.4M | $43.1M | ||
| Cash and cash equivalents | $346.8M | $143.5M | $180.1M | |
| Restricted cash | $25.3M | $13.9M | $17.7M | |
| Equity method investment | $111.8M | $115.8M | ||
| Due from related persons | $241.0K | $3.9M | ||
| Other assets, net | $307.0M | $316.7M | ||
| Total assets | $6.5B | $7.1B | $7.4B | |
| Unsecured debt, net | $3.2B | $4.0B | ||
| Secured debt, net | $2.1B | $1.7B | ||
| Liabilities of properties held for sale | $5.3M | $342.0K | ||
| Total liabilities | $5.8B | $6.3B | ||
| Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 168,070,129 and 166,636,537 shares issued and outstanding, respectively | $1.7M | $1.7M | ||
| Additional paid in capital | $4.6B | $4.6B | ||
| Cumulative other comprehensive income | $2.1M | $1.9M | ||
| Cumulative net income | $2.0B | $2.2B | ||
| Cumulative common distributions | -$5.9B | -$5.9B | ||
| Total shareholders equity | $646.1M | $851.9M | $1.2B | $1.4B |
| Total liabilities and shareholders equity | $6.5B | $7.1B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common shares, shares issued (in shares) | 168.1M shares | 166.6M shares | ||
| Common shares, shares outstanding (in shares) | 168.1M shares | 166.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $1.8B | $1.9B | ||
| Buildings, improvements and equipment | $6.2B | $7.7B | ||
| Total real estate properties, gross | $7.9B | $9.6B | ||
| Accumulated depreciation | -$2.4B | -$3.2B | ||
| Total real estate properties, net | $5.5B | $6.4B | ||
| Acquired real estate leases and other intangibles, net | $100.0M | $108.0M | ||
| Assets of properties held for sale | $94.4M | $43.1M | ||
| Cash and cash equivalents | $346.8M | $143.5M | $180.1M | |
| Restricted cash | $25.3M | $13.9M | $17.7M | |
| Equity method investment | $111.8M | $115.8M | ||
| Due from related persons | $241.0K | $3.9M | ||
| Other assets, net | $307.0M | $316.7M | ||
| Total assets | $6.5B | $7.1B | $7.4B | |
| Unsecured debt, net | $3.2B | $4.0B | ||
| Secured debt, net | $2.1B | $1.7B | ||
| Liabilities of properties held for sale | $5.3M | $342.0K | ||
| Total liabilities | $5.8B | $6.3B | ||
| Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 168,070,129 and 166,636,537 shares issued and outstanding, respectively | $1.7M | $1.7M | ||
| Additional paid in capital | $4.6B | $4.6B | ||
| Cumulative other comprehensive income | $2.1M | $1.9M | ||
| Cumulative net income | $2.0B | $2.2B | ||
| Cumulative common distributions | -$5.9B | -$5.9B | ||
| Total shareholders equity | $646.1M | $851.9M | $1.2B | $1.4B |
| Total liabilities and shareholders equity | $6.5B | $7.1B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common shares, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common shares, shares issued (in shares) | 168.1M shares | 166.6M shares | ||
| Common shares, shares outstanding (in shares) | 168.1M shares | 166.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$202.3M | -$275.5M | -$32.8M |
| Depreciation and amortization | $315.0M | $371.8M | $384.1M |
| Net amortization of debt issuance costs, discounts and premiums as interest | $46.3M | $31.1M | $25.7M |
| Straight line rental income | -$11.2M | -$18.5M | -$13.2M |
| Loss on early extinguishment of debt, net | $2.9M | $16.2M | $1.5M |
| Loss on asset impairment | $81.9M | $56.2M | $9.5M |
| Gain on equity securities | $0 | $0 | -$48.8M |
| Equity in losses of an investee | $4.2M | $12.3M | $4.4M |
| Gain on sale of real estate, net | -$84.2M | -$6.3M | -$43.2M |
| Deferred income taxes | $2.7M | -$3.2M | -$1.3M |
| Other non-cash income, net | -$1.8M | -$1.8M | -$1.7M |
| Due from related persons | $3.7M | $2.5M | $21.1M |
| Other assets | $18.2M | $743.0K | $35.7M |
| Accounts payable and other liabilities | -$61.5M | -$42.6M | $144.1M |
| Due to related persons | $4.0M | -$3.5M | $439.0K |
| Net cash provided by operating activities | $117.8M | $139.4M | $485.5M |
| Real estate improvements | -$224.8M | -$303.6M | -$200.9M |
| Hotel managers purchases with restricted cash | -$4.6M | -$6.4M | -$5.4M |
| Proceeds from sale of TravelCenters of America Inc. common shares | $0 | $0 | $101.9M |
| Proceeds from sale of tradenames and trademarks | $0 | $0 | $89.4M |
| Real estate acquisitions and deposits | -$94.9M | $0 | -$165.9M |
| Net proceeds from sale of real estate | $853.0M | $102.4M | $156.4M |
| Investment in Sonesta | $0 | -$15.3M | -$5.1M |
| Net cash provided by (used in) investing activities | $528.7M | -$222.9M | -$29.6M |
| Proceeds from mortgage notes payable, net of discounts | $0 | $0 | $576.9M |
| Repayment of mortgage notes payable | -$2.0M | -$2.0M | -$1.6M |
| Repayment of senior unsecured notes | -$801.8M | -$1.2B | -$1.7B |
| Borrowings under variable funding note | $45.0M | $0 | $0 |
| Borrowings under revolving credit facility | $765.0M | $160.0M | $0 |
| Repayments of revolving credit facility | -$915.0M | -$10.0M | $0 |
| Payment of debt issuance costs | -$8.2M | -$5.5M | -$56.5M |
| Repurchase of common shares | -$660.0K | -$751.0K | -$802.0K |
| Distributions to common shareholders | -$6.7M | -$101.2M | -$132.4M |
| Net cash (used in) provided by financing activities | -$431.8M | $43.0M | -$303.6M |
| Increase (decrease) in cash and cash equivalents and restricted cash | $214.7M | -$40.4M | $152.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Service Properties Trust, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2010201520202025
- Chief executive officerChristopher J. Bilotto Mar 10, 2025 to now12
- PresidentChristopher J. Bilotto Mar 10, 2025 to now12
- Chief financial officerBrian E. Donley Jan 2, 2019 to now13
- Chief financial officerMark Lawrence Kleifges Sep 22, 2006 to Sep 26, 201814
Board members and other officers (16)
- Vice PresidentTodd W. Hargreaves Mar 12, 2020 to Sep 19, 202415
- Vice PresidentEthan S. Bornstein Sep 22, 2006 to Sep 23, 202016
- Board memberJeanmarie Cooney Sep 17, 2026 to now17
- Board memberChristopher J. Bilotto Mar 10, 2025 to now12
- Board memberRajan Penkar Jun 14, 2023 to now18
- Board memberLaurie B. Burns Feb 28, 2020 to now19
- Board memberRobert E. Cramer Feb 28, 2020 to now20
- Board memberDonna D. Fraiche Sep 29, 2015 to now21
- Board memberBruce M. Gans Feb 27, 2009 to Jun 2, 201522
- Board memberAdam Portnoy Jan 12, 2007 to now23
- Board memberWilliam A. Lamkin Jan 12, 2007 to now24
- Board memberBarry M. Portnoy Apr 11, 2006 to Jun 15, 201725
- Board memberArthur G. Koumantzelis May 24, 2006 to May 24, 200626
- Board memberFrank J. Bailey May 24, 2006 to May 16, 200827
- Board memberGerard M. Martin May 24, 2006 to May 24, 200628
- Board memberJohn L. Harrington May 24, 2006 to Jun 18, 202429
Former names
- HOSPITALITY PROPERTIES TRUSTSep 1, 1995 to Sep 23, 20192
Timeline
- Mar 10, 2025New chief executive Christopher J. Bilotto becomes CEO12
Filings
244 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 71 major events, 87 insider forms, 28 large holders, 38 other. The latest 20:
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 20263 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 20268-K EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jul 10, 2026S-8 EDGAR
- Jul 6, 20268-K EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
The 244 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
13 open-market trades by officers, directors and large owners since October 2021: 10 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 2, 2026 | FRAICHE DONNA D.Director | Buy | 83,333 | $1.20 | $100.0K | Form 4 |
| Apr 2, 2026 | Penkar RajanDirector | Buy | 10,000 | $1.20 | $12.0K | Form 4 |
| Apr 2, 2026 | Donley Brian E.CFO and Treasurer | Buy | 55,000 | $1.20 | $66.0K | Form 4 |
| Apr 2, 2026 | Bilotto Christopher J.President and CEO | Buy | 100,000 | $1.20 | $120.0K | Form 4 |
| Apr 2, 2026 | PORTNOY ADAM D.Director | Buy | 41,666,666 | $1.20 | $50.0M | Form 4 |
| Feb 27, 2026 | Burns Laurie B.Director | Sale | 87,680 | $2.32 | $203.4K | Form 4 |
| Dec 15, 2025 | LAMKIN WILLIAM A.Director | Sale | 101,180 | $1.88 | $190.2K | Form 4 |
| Nov 19, 2025 | Donley Brian E.CFO and Treasurer | Sale | 3,500 | $1.58 | $5.5K | Form 4 |
| Nov 8, 2024 | Donley Brian E.CFO and Treasurer | Buy | 3,000 | $3.25 | $9.8K | Form 4 |
| May 23, 2024 | Donley Brian E.CFO and Treasurer | Buy | 3,000 | $5.44 | $16.3K | Form 4 |
| May 25, 2022 | Donley Brian E.CFO and Treasurer | Buy | 3,000 | $5.94 | $17.8K | Form 4 |
| May 6, 2022 | Donley Brian E.CFO and Treasurer | Buy | 3,000 | $6.60 | $19.8K | Form 4 |
| Nov 23, 2021 | Donley Brian E.CFO and Treasurer | Buy | 2,000 | $9.97 | $19.9K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Flat Footed LLCSCHEDULE 13G/A, 3 filings Apr 8, 2026 to Aug 14, 202630
- CHARLES SCHWAB INVESTMENT MANAGEMENT INCSCHEDULE 13G, 3 filings Aug 11, 2025 to Aug 12, 202631
- Capital World InvestorsSCHEDULE 13G, 1 filing Aug 12, 202632
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202633
- The RMR GroupSCHEDULE 13D, 1 filing Apr 9, 202634
- Helix Partners Management LPSCHEDULE 13G, 1 filing Apr 7, 202635
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 202636
- State Street CorporationSCHEDULE 13G, 4 filings Feb 14, 2022 to Feb 5, 202537
- BlackRockSCHEDULE 13G, 1 filing Jan 8, 202538
- Joseph A. Hollingsworth Jr.SC 13G, 1 filing Aug 30, 202439
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Marshall Wace, Llp | 2,037,028 | $3.4M | 0.0% | New |
| Public Employees Retirement System Of Ohio | 682,291 | $1.2M | 0.0% | New |
| Potomac Capital Management, Inc. | 647,000 | $1.1M | 0.8% | New |
| Gf Fund Management Co. Ltd. | 8,031 | $13.6K | 0.0% | New |
| EverSource Wealth Advisors, LLC | 7,395 | $12.5K | 0.0% | New |
| Essential Partners LLC | 5,156 | $8.7K | 0.0% | New |
| Rothschild Investment LLC | 4,267 | $7.2K | 0.0% | New |
| Brookfield Corp /ON/ | 3,444 | $5.8K | 0.0% | New |
| Parallel Advisors, LLC | 2,847 | $4.8K | 0.0% | New |
| Fortitude Family Office, LLC | 1,558 | $2.6K | 0.0% | New |
| Price T Rowe Associates Inc /md/ | 650,565 | $1.1K | 0.0% | New |
| Quent Capital, LLC | 180 | $304 | 0.0% | New |
| Strategic Wealth Partners, Ltd. | 38 | $64 | 0.0% | New |
| Harbour Investments, Inc. | 24 | $41 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 8, 2023 | Debbie DingellDemocratic, House | Sale | $15,001 - $50,000 | Report | |
| May 26, 2021 | Susie LeeDemocratic, House | Sale | $1,001 - $15,000 | +173.0% | Report |
| May 21, 2021 | Susie LeeDemocratic, House | Partial sale | $1,001 - $15,000 | +174.4% | Report |
| Jan 8, 2021 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | −191.7% | Report |
| Dec 29, 2020 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | −197.1% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARTodd W. Hargreaves, Vice President
- 16SEC EDGAREthan S. Bornstein, Vice President
- 17SEC EDGARJeanmarie Cooney, Board member
- 18SEC EDGARRajan Penkar, Board member
- 19SEC EDGARLaurie B. Burns, Board member
- 20SEC EDGARRobert E. Cramer, Board member
- 21SEC EDGARDonna D. Fraiche, Board member
- 22SEC EDGARBruce M. Gans, Board member
- 23SEC EDGARAdam Portnoy, Board member
- 24SEC EDGARWilliam A. Lamkin, Board member
- 25SEC EDGARBarry M. Portnoy, Board member
- 26SEC EDGARArthur G. Koumantzelis, Board member
- 27SEC EDGARFrank J. Bailey, Board member
- 28SEC EDGARGerard M. Martin, Board member
- 29SEC EDGARJohn L. Harrington, Board member
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