Welcome to our dedicated page for Service Properties Trust news (Ticker: SVC), a resource for investors and traders seeking the latest updates and insights on Service Properties Trust stock.
Service Properties Trust reports developments for a real estate investment trust that owns service-focused retail net lease properties and hotels. Its updates center on operating and financial results, common-share distributions, portfolio activity in hotel and net lease assets, and capital-structure actions involving common shares, senior notes and debt refinancing.
The trust’s property base spans service-focused retail locations in the United States and hotels in the United States, Puerto Rico and Canada. News also covers management by The RMR Group, shareholder and trustee matters, risk-factor references, and completed asset dispositions that affect its portfolio mix and balance sheet.
Service Properties Trust (Nasdaq: SVC) has priced $580 million of zero coupon senior secured notes due September 2027, with a 12-month extension option. The notes will generate $500 million in gross proceeds and accrete at 7.50% annually.
The notes are secured by first priority liens on equity interests of subsidiaries owning 36 travel center properties leased to TravelCenters of America, generating approximately $48 million in annual minimum rent. The net proceeds of $490 million will be used to redeem $450 million of 4.750% Senior Unsecured Notes due October 2026 and reduce revolving credit facility debt.
The offering is expected to close on September 23, 2025, with the 2026 Notes redemption scheduled for October 16, 2025.
Service Properties Trust (Nasdaq: SVC) has released its second quarter 2025 financial results. The company, a real estate investment trust, manages a diverse portfolio valued at over $11 billion across two main categories: hotels and service-focused retail net lease properties.
As of June 30, 2025, SVC's portfolio includes 200 hotels with over 35,000 guest rooms across the United States, Puerto Rico, and Canada, along with 742 service-focused retail net lease properties spanning more than 13.1 million square feet throughout the United States. The company is managed by The RMR Group (Nasdaq: RMR), which oversees approximately $40 billion in assets.
Service Properties Trust (Nasdaq: SVC) has declared its regular quarterly dividend of $0.01 per common share, equivalent to an annual distribution of $0.04 per share. The dividend will be paid to shareholders of record as of July 21, 2025, with the distribution scheduled for August 14, 2025.
Service Properties Trust (Nasdaq: SVC) has scheduled its second quarter 2025 earnings conference call for Wednesday, August 6, 2025, at 10:00 a.m. Eastern Time. The company will release its Q2 2025 results after market close on Tuesday, August 5, 2025.
The call will be hosted by President and CEO Christopher Bilotto, CFO and Treasurer Brian Donley, and VP Jesse Abair. Investors can access the call via phone at (877) 329-3720 (US) or (412) 317-5434 (international). A replay will be available through August 13, 2025, at (877) 344-7529 using pass code 2154233. Additionally, a live webcast will be available on www.svcreit.com.
Service Properties Trust (Nasdaq: SVC) has announced its financial results for Q1 2025. The company, a real estate investment trust, has over $11 billion invested across two main asset categories. SVC's portfolio includes 202 hotels with over 35,000 guest rooms throughout the United States, Puerto Rico, and Canada, as well as 739 service-focused retail net lease properties spanning over 13.1 million square feet across the United States.
The company is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $40 billion in assets under management. A conference call to discuss the quarterly results is scheduled for May 7, 2025, at 10:00 a.m. Eastern Time.
Service Properties Trust (Nasdaq: SVC) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual distribution of $0.04 per share. The dividend will be paid to shareholders of record as of April 22, 2025, with the distribution scheduled for May 15, 2025.
Service Properties Trust (SVC) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release Q1 2025 results after Nasdaq's closing on Tuesday, May 6, 2025.
The earnings conference call will be held on Wednesday, May 7, 2025, at 10:00 a.m. Eastern Time. The call will be hosted by President and CEO Christopher Bilotto, CFO and Treasurer Brian Donley, and VP Jesse Abair. Investors can join via phone using (877) 329-3720 for US/Canada or (412) 317-5434 for international calls.
A replay will be available through May 14, 2025, at (877) 344-7529 using pass code 1652345. Additionally, a live audio webcast will be accessible on www.svcreit.com, with an archived version available after the call.
Service Properties Trust (Nasdaq: SVC) has announced key leadership changes effective March 10, 2025. Chris Bilotto has been appointed as Managing Trustee, President and Chief Executive Officer, succeeding John Murray as Managing Trustee and Todd Hargreaves as President and Chief Investment Officer.
Bilotto, currently an Executive Vice President at The RMR Group (Nasdaq: RMR), oversees the acquisition platform, asset management for hotel and senior living properties, and property development across the United States. He joined RMR in 2011 after working in various management roles at General Growth Properties. Bilotto also serves as Managing Trustee, President and CEO of Diversified Healthcare Trust (Nasdaq: DHC).
The company noted that the resignations of Murray and Hargreaves, effective March 9, 2025, were not due to any disputes with SVC or RMR.
Service Properties Trust (SVC) has released its fourth quarter 2024 financial results. The real estate investment trust manages a diverse portfolio valued at over $11 billion, comprising two main asset categories: hotels and service-focused retail net lease properties.
As of December 31, 2024, SVC's portfolio includes 206 hotels with over 35,000 guest rooms across the United States, Puerto Rico, and Canada, along with 742 service-focused retail net lease properties spanning more than 13.2 million square feet throughout the United States. The company is managed by The RMR Group, which oversees over $40 billion in assets and brings 35+ years of commercial real estate expertise.