Service Properties Trust

SVC

Real EstateSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Service Properties Trust is a real estate investment trust with approximately 10 billion dollars invested in two asset categories service-focused retail net lease properties and hotels. As of December 31, 2025, SVC owned 760 service-focused retail net lease properties with over 13.6 million square feet throughout the United States. As of December 31, 2025, SVC also owned 94 hotels with over 21,000 guest rooms throughout the United States and in Puerto Rico and Canada. SVC is managed by The RMR Group, a leading U.S. alternative asset management company with over 37 billion dollars in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. Service Properties Trust was established on February 07, 1995. Service Properties Trust is headquartered in Newton, Massachusetts.

Valuation

Market Cap$1.1B

Current Price$1.68as of Jun 23, 2026

P/E Ratio-5.28

P/B Ratio1.65

EV / EBITDA12.79

EV / Sales3.34

Profitability

Operating Margin11.6%

Net Profit Margin-11.1%

EBITDA Margin26.1%

Returns

ROE-31.3%

ROCE3.5%

ROIC %2.2%

ROA-3.1%

Solvency

Current Ratio0.91

Debt / Equity8.26

Debt / Assets0.82

CFO / Net Profit-0.58

Price History▼ 30.94% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$1.8B▼ 4.3%

EBITDA$473M▲ 2.3%

Net Profit$-202M▼ 26.6%

Cash from Ops (CFO)$118M▼ 15.5%

Free Cash Flow (FCF)$118M▼ 15.5%

Revenue CAGR 3Y-0.9%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$1.8B	$473M	$-202M	$118M	-31.3%	-4.3%	-26.6%
2024	$1.9B	$463M	$-276M	$139M	-32.3%	1.2%	740.6%
2023	$1.9B	$665M	$-33M	$486M	-2.7%	0.6%	-75.2%
2022	$1.9B	$588M	$-132M	$243M	-9.5%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,863.01	1,873.86	1,896.93	1,814.84
Operating Revenue	-	1,863.01	1,873.86	1,896.93	1,814.84
Cost Of Revenue	-	1,240.53	1,241.57	1,293.97	1,248.14
Gross Profit	-	622.48	632.29	602.96	566.70
Operating Expense	-	445.51	429.46	412.02	355.63
Selling General And Administration	-	44.40	45.40	40.24	40.67
Total Expenses	-	1,686.04	1,671.03	1,706	1,603.77
Operating Income	-	176.97	202.84	190.93	211.07
EBITDA	-	588.09	664.80	462.63	473.43
Normalized EBITDA	-	562.08	582.17	535.64	488.69
EBIT	-	186.98	280.74	90.84	158.46
Interest Income	-	3.38	20.98	4.05	9
Interest Expense	-	322.42	310.63	352.66	367.28
Net Interest Income	-	-338.42	-315.36	-379.74	-404.62
Other Income Expense	-	26.01	82.63	-73.02	-15.27
Interest Income Non Operating	-	3.38	20.98	4.05	9
Interest Expense Non Operating	-	322.42	310.63	352.66	367.28
Net Non Operating Interest Income Expense	-	-338.42	-315.36	-379.74	-404.62
Pretax Income	-	-135.44	-29.90	-261.82	-208.81
Tax Provision	-	-0.20	-1.50	1.40	-10.72
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0.03	3.64	-15.33	-0.76
Net Income Continuous Operations	-	-132.38	-32.78	-275.53	-202.32
Net Income From Continuing And Discontinued Operation	-	-132.38	-32.78	-275.53	-202.32
Net Income From Continuing Operation Net Minority Interest	-	-132.38	-32.78	-275.53	-202.32
Net Income	-	-132.38	-32.78	-275.53	-202.32
Net Income Common Stockholders	-	-132.38	-32.78	-275.53	-202.32
Net Income Including Noncontrolling Interests	-	-132.38	-32.78	-275.53	-202.32
Normalized Income	-	-158.37	-111.77	-217.84	-187.82
Diluted NI Availto Com Stockholders	-	-132.38	-32.78	-275.53	-202.32
Basic Average Shares	-	164.74	164.99	165.34	165.95
Diluted Average Shares	-	164.74	164.99	165.34	165.95
Reconciled Depreciation	-	401.11	384.06	371.79	314.96
Reconciled Cost Of Revenue	-	1,240.53	1,241.57	1,293.97	1,248.14
Total Unusual Items	-	26.01	82.63	-73.02	-15.27
Total Unusual Items Excluding Goodwill	-	26.01	82.63	-73.02	-15.27
Earnings From Equity Interest Net Of Tax	-	2.86	-4.38	-12.30	-4.22
Special Income Charges	-	-13.70	-9.44	-79.29	-99.48
Other Special Charges	-	0.79	1.52	16.18	2.90
Impairment Of Capital Assets	-	10.99	9.54	56.21	81.89
Restructuring And Mergern Acquisition	-	1.92	-1.62	6.89	14.70
Gain On Sale Of Security	-	39.71	92.08	6.27	84.22
Depreciation Amortization Depletion Income Statement	-	401.11	384.06	371.79	314.96
Depreciation And Amortization In Income Statement	-	401.11	384.06	371.79	314.96
General And Administrative Expense	-	44.40	45.40	40.24	40.67
Other Gand A	-	44.40	45.40	40.24	40.67
Rent Expense Supplemental	-	13.18	17.66	19.82	21.60
Total Other Finance Cost	-	19.38	25.71	31.13	46.34
Other Operating Expenses	15.66	13.18	-	-	-

Peer Comparison

Real Estate sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Service Properties Trustthis co.	SVC	$1.1B	-5.28	1.65	-31.3%	12.79
Easterly Government Properties, Inc.	DEA	$1.1B	87.80	0.86	1.0%	13.79
Marcus & Millichap, Inc.	MMI	$1.1B	-	1.88	-0.3%	59.90
Piedmont Realty Trust, Inc.	PDM	$1.1B	-	0.75	-5.6%	12.39
Chimera Investment Corporation	CIM

Learn while you research

Hand-picked academy chapters to deepen your understanding of Service Properties Trust and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Leverage Ratios

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$1.8B

$473M

$-202M

$118M

-31.3%

-4.3%

-26.6%

2024

$1.9B

$463M

$-276M

$139M

-32.3%

1.2%

740.6%

2023

$1.9B

$665M

$-33M

$486M

-2.7%

0.6%

-75.2%

2022

$1.9B

$588M

$-132M

$243M

-9.5%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

1,863.01

1,873.86

1,896.93

1,814.84

Operating Revenue

1,863.01

1,873.86

1,896.93

1,814.84

Cost Of Revenue

1,240.53

1,241.57

1,293.97

1,248.14

Gross Profit

622.48

632.29

602.96

566.70

Operating Expense

445.51

429.46

412.02

355.63

Selling General And Administration

44.40

45.40

40.24

40.67

Total Expenses

1,686.04

1,671.03

1,706

1,603.77

Operating Income

176.97

202.84

190.93

211.07

EBITDA

588.09

664.80

462.63

473.43

Normalized EBITDA

562.08

582.17

535.64

488.69

EBIT

186.98

280.74

90.84

158.46

Interest Income

3.38

20.98

4.05

Interest Expense

322.42

310.63

352.66

367.28

Net Interest Income

-338.42

-315.36

-379.74

-404.62

Other Income Expense

26.01

82.63

-73.02

-15.27

Interest Income Non Operating

3.38

20.98

4.05

Interest Expense Non Operating

322.42

310.63

352.66

367.28

Net Non Operating Interest Income Expense

-338.42

-315.36

-379.74

-404.62

Pretax Income

-135.44

-29.90

-261.82

-208.81

Tax Provision

-0.20

-1.50

1.40

-10.72

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.03

3.64

-15.33

-0.76

Net Income Continuous Operations

-132.38

-32.78

-275.53

-202.32

Net Income From Continuing And Discontinued Operation

-132.38

-32.78

-275.53

-202.32

Net Income From Continuing Operation Net Minority Interest

-132.38

-32.78

-275.53

-202.32

Net Income

-132.38

-32.78

-275.53

-202.32

Net Income Common Stockholders

-132.38

-32.78

-275.53

-202.32

Net Income Including Noncontrolling Interests

-132.38

-32.78

-275.53

-202.32

Normalized Income

-158.37

-111.77

-217.84

-187.82

Diluted NI Availto Com Stockholders

-132.38

-32.78

-275.53

-202.32

Basic Average Shares

164.74

164.99

165.34

165.95

Diluted Average Shares

164.74

164.99

165.34

165.95

Reconciled Depreciation

401.11

384.06

371.79

314.96

Reconciled Cost Of Revenue

1,240.53

1,241.57

1,293.97

1,248.14

Total Unusual Items

26.01

82.63

-73.02

-15.27

Total Unusual Items Excluding Goodwill

26.01

82.63

-73.02

-15.27

Earnings From Equity Interest Net Of Tax

2.86

-4.38

-12.30

-4.22

Special Income Charges

-13.70

-9.44

-79.29

-99.48

Other Special Charges

0.79

1.52

16.18

2.90

Impairment Of Capital Assets

10.99

9.54

56.21

81.89

Restructuring And Mergern Acquisition

1.92

-1.62

6.89

14.70

Gain On Sale Of Security

39.71

92.08

6.27

84.22

Depreciation Amortization Depletion Income Statement

401.11

384.06

371.79

314.96

Depreciation And Amortization In Income Statement

401.11

384.06

371.79

314.96

General And Administrative Expense

44.40

45.40

40.24

40.67

Other Gand A

44.40

45.40

40.24

40.67

Rent Expense Supplemental

13.18

17.66

19.82

21.60

Total Other Finance Cost

19.38

25.71

31.13

46.34

Other Operating Expenses

15.66

13.18

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Service Properties Trustthis co.

SVC

$1.1B

-5.28

1.65

-31.3%

12.79

Easterly Government Properties, Inc.

DEA

$1.1B

87.80

0.86

1.0%

13.79

Marcus & Millichap, Inc.

MMI

$1.1B

1.88

-0.3%

59.90

Piedmont Realty Trust, Inc.

PDM

$1.1B

0.75

-5.6%

12.39

Chimera Investment Corporation

CIM

Service Properties Trust

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Service Properties Trust

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on