Arrowstreet Capital Limited Partnership acquired a new stake in shares of Service Properties Trust (NASDAQ:SVC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 70,262 shares of the real estate investment trust’s stock, valued at approximately $95,000.
A number of other institutional investors have also recently added to or reduced their stakes in SVC. Yorkville Advisors Global LP bought a new position in Service Properties Trust in the 1st quarter worth about $28,333,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Service Properties Trust by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,982 shares of the real estate investment trust’s stock valued at $15,997,000 after buying an additional 136,283 shares during the last quarter. Capital Management Corp VA boosted its position in shares of Service Properties Trust by 1.8% during the fourth quarter. Capital Management Corp VA now owns 7,089,800 shares of the real estate investment trust’s stock worth $13,045,000 after buying an additional 125,395 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Service Properties Trust by 8.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,810,031 shares of the real estate investment trust’s stock worth $12,530,000 after buying an additional 553,942 shares during the period. Finally, Susquehanna Advisors Group Inc. boosted its position in shares of Service Properties Trust by 17.4% during the fourth quarter. Susquehanna Advisors Group Inc. now owns 6,014,299 shares of the real estate investment trust’s stock worth $11,066,000 after buying an additional 892,880 shares during the period. 77.62% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several analysts recently commented on the company. B. Riley Financial raised their target price on Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Research lowered Service Properties Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Odeon Capital Group assumed coverage on Service Properties Trust in a research report on Friday, May 8th. They set a “buy” rating and a $17.50 price target for the company. LADENBURG THALM/SH SH assumed coverage on Service Properties Trust in a research note on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price target for the company. Finally, Wall Street Zen lowered Service Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.81.
Get Our Latest Stock Analysis on SVC
Service Properties Trust Price Performance NASDAQ SVC opened at $8.23 on Friday. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $15.05. The firm has a market capitalization of $1.07 billion, a PE ratio of -1.07 and a beta of 1.67. The company’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.91. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01.
Service Properties Trust (NASDAQ:SVC – Get Free Report) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.82) by $2.02. Service Properties Trust had a negative return on equity of 65.18% and a negative net margin of 25.44%.The firm had revenue of $364.45 million during the quarter, compared to the consensus estimate of $347.82 million. As a group, equities research analysts forecast that Service Properties Trust will post 1.25 EPS for the current fiscal year.
Service Properties Trust Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. This is an increase from Service Properties Trust’s previous quarterly dividend of $0.05. Service Properties Trust’s dividend payout ratio is presently -2.60%.
Service Properties Trust Profile (Free Report)
Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
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Silvaco Stock: Consider Early Investment in New SemiconductorService Properties Trust NASDAQ: SVC reported second-quarter results that management said reflected continued progress on its strategic priorities, including strengthening its balance sheet, improving hotel operations and shifting the portfolio toward net lease assets.
Normalized funds from operations totaled $55 million, or $0.43 per share, during the quarter. The company said the per-share result was in line with consensus expectations and reaffirmed its full-year 2026 outlook for normalized FFO of $124 million to $144 million, or $1.20 to $1.35 per share.
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5 Best REIT Alternatives for Passive Real Estate IncomePresident and Chief Executive Officer Chris Bilotto said the company’s net lease portfolio continued to provide predictable cash flow, while its hotel portfolio outperformed the industry benchmark on revenue per available room, or RevPAR, for a seventh consecutive quarter.
Hotel Revenue Gains Offset by Renovation Disruption For its retained hotel portfolio, excluding 15 hotels designated for sale, SVC reported a 6.6% year-over-year increase in RevPAR during the second quarter. Growth was supported by occupancy and average daily rate gains, with particular strength among full-service and upper-upscale hotels.
Hotel Stocks - Best Hotel Stocks Invest InBilotto said RevPAR growth was partly offset by renovation-related disruption, especially at the Nautilus South Beach in Miami Beach. Excluding the Nautilus disruption, underlying RevPAR growth for the remaining portfolio was 9%, he said. Preliminary July RevPAR for retained hotels rose 7.1% from a year earlier.
Retained hotel adjusted EBITDA increased 4.2% year over year to $57 million. The portfolio generated an adjusted hotel EBITDA margin of about 19.4%, compared with negative EBITDA margins at the 15 hotels being sold, according to Bilotto.
“This gap is the core economic logic behind our capital recycling strategy,” Bilotto said, describing the company’s effort to redirect capital away from assets with negative returns and toward hotels with improving margins.
Chief Financial Officer Brian Donley said the company’s 93 comparable hotels generated adjusted hotel EBITDA of $55 million, roughly flat from the year-ago quarter, as higher insurance costs and renovation activity weighed on results. Gross operating profit margin declined 60 basis points to 28.7%.
The Nautilus redevelopment is expected to be completed around the end of October or in early November, with phased room and public-space completions. Bilotto said the property is expected to represent approximately $4.5 million of cash drag for the full year. Before its renovation, the hotel generated roughly $5 million to $6 million on an annual run-rate basis, and management expects performance to increase after the project is completed.
Margin Initiatives and Hotel Sales SVC outlined several initiatives intended to improve hotel profitability, including increasing direct bookings through brand websites and loyalty programs, growing group and contract business, expanding ancillary revenue and improving labor productivity.
The company said contract-segment revenue increased 22%, largely due to new airline crew business. It also cited a 20% reduction in property insurance costs across the portfolio, effective July 1, and productivity improvements at Sonesta, Radisson and IHG-operated properties.
Bilotto said some benefits should emerge during the second half of 2026, while larger initiatives, including changes to benefit plans, are expected to have a greater impact in the first quarter of 2027. The company also expects to eliminate about $15 million of negative EBITDA drag over time through the sale of its exit hotels.
SVC remains on track to sell the previously identified 15 hotels. It sold a 133-key hotel in July for $18.4 million and said it had purchase-and-sale agreements or letters of intent for 13 hotels, while one property remained on the market. Management expects most remaining sales to close during the second half of 2026, although one could extend into early 2027.
The company also plans to market its remaining IHG-managed full-service hotel, a 495-key property in Atlanta’s Perimeter submarket, during the third quarter. Bilotto said the management agreement expires early next year, providing potential buyers flexibility regarding branding and future capital plans.
Net Lease Portfolio Produces NOI Growth The net lease business produced a 2.2% sequential increase in cash-basis net operating income, driven by contributions from recent acquisitions, contractual rent increases and lower credit reserves. Occupancy remained at 96.6%.
Vice President Jesse Abair said aggregate portfolio rent coverage improved to 2.09 times on a trailing 12-month basis. TravelCenters of America rent coverage increased 10 basis points to 1.34 times, marking a second consecutive quarter of improvement and a 12% increase since the fourth quarter of 2025.
The company executed leases totaling 210,000 square feet during the quarter, with a weighted average lease term of approximately seven years. Only 1% of annualized base rent is scheduled to expire through year-end, with 3.8% expiring through the end of 2027.
Year-to-date acquisitions totaled about $9 million across four quick-service restaurant and automotive-service properties. Those acquisitions carried weighted average cash and GAAP capitalization rates of 7.9% and 8.8%, respectively. SVC is under agreement to acquire five additional properties for $14.2 million, expected to close in the third quarter. The net lease portfolio includes 745 properties and nearly $400 million of annualized base rent. Abair said more than 95% of annualized base rent comes from leases with contractual rent increases or percentage-rent provisions.
Equity Raise Used to Reduce Debt SVC raised net proceeds of $542 million through an equity offering during the quarter and used proceeds, along with asset-sale proceeds, to redeem $550 million of unsecured notes due in 2027. The redemptions are expected to reduce annual cash interest expense by $30 million.
The company had $4.7 billion of debt outstanding at a weighted average interest rate of 5.66%, with no borrowings outstanding on its $650 million revolving credit facility. The revolver matures in June 2027 and includes a one-year extension option.
Donley said SVC expects to address a $45 million net lease mortgage note maturing in January with asset-sale proceeds. Its $580 million zero-coupon senior secured notes mature in September 2027 and are backed by travel-center lease pools. Management said it believes the collateral provides refinancing flexibility and indicated that a more traditional debt refinancing is likely following the equity raise.
Second-quarter capital improvements totaled $30.5 million, primarily for the Nautilus redevelopment and projects at Royal Sonesta hotels in Boston, New Orleans and Columbus. SVC maintained its expectation for total 2026 capital expenditures of $120 million to $140 million and said it expects positive cash flow available for distribution for the full year.
About Service Properties Trust (NASDAQ:SVC)Service Properties Trust NASDAQ: SVC is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
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Service Properties (SVC - Free Report) came out with quarterly funds from operations (FFO) of $0.43 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $1.75 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this real estate investment trust would post FFO of $0.5 per share when it actually produced FFO of $0.2, delivering a surprise of -60%.
Over the last four quarters, the company has surpassed consensus FFO estimates just once.
Service Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $420.97 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 6.53%. This compares to year-ago revenues of $503.44 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Service Properties shares have lost about 13.8% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Service Properties?While Service Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Service Properties was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.30 on $388.1 million in revenues for the coming quarter and $1.25 on $1.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ryman Hospitality Properties (RHP - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This hotel and resort real estate investment trust is expected to post quarterly earnings of $2.56 per share in its upcoming report, which represents a year-over-year change of +8.9%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.
Ryman Hospitality Properties' revenues are expected to be $730.3 million, up 10.7% from the year-ago quarter.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2026, 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 Thursday, August 6, 2026 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if.
RLJ Lodging Trust (OTCMKTS:RLJ.PA – Get Free Report) and Service Properties Trust (NASDAQ:SVC – Get Free Report) are both real estate companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.
Insider and Institutional Ownership 77.6% of Service Properties Trust shares are owned by institutional investors. 1.6% of Service Properties Trust shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Analyst Ratings This is a breakdown of current recommendations for RLJ Lodging Trust and Service Properties Trust, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score RLJ Lodging Trust 0 0 0 0 0.00 Service Properties Trust 2 1 3 0 2.17 Service Properties Trust has a consensus target price of $12.81, suggesting a potential upside of 62.60%. Given Service Properties Trust’s stronger consensus rating and higher possible upside, analysts plainly believe Service Properties Trust is more favorable than RLJ Lodging Trust.
Profitability This table compares RLJ Lodging Trust and Service Properties Trust’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets RLJ Lodging Trust N/A N/A N/A Service Properties Trust -13.59% -38.18% -3.58% Earnings and Valuation This table compares RLJ Lodging Trust and Service Properties Trust”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio RLJ Lodging Trust N/A N/A N/A N/A N/A Service Properties Trust $1.81 billion 0.56 -$202.32 million ($7.10) -1.11 RLJ Lodging Trust has higher earnings, but lower revenue than Service Properties Trust.
Summary Service Properties Trust beats RLJ Lodging Trust on 6 of the 9 factors compared between the two stocks.
About RLJ Lodging Trust (Get Free Report)
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
About Service Properties Trust (Get Free Report)
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of December 31, 2023, SVC also owned 752 service-focused retail net lease properties totaling approximately 13.3 million square feet throughout the United States. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.
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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.05 per share ($0.20 per share per year), which is unchanged from previous distribution levels after giving effect to the recent five-for-one reverse share split. This distribution will be paid to SVC's common shareholders of record as of the close of business on July 20, 2026 and distributed on or about August 13, 2026. About Service Properties.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2026 results after the Nasdaq closes on Wednesday, August 5, 2026. On Thursday, August 6, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Chris Bilotto, 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 numbe.
[url="]Service Properties Trust (Nasdaq: SVC)[/url] today announced that its previously disclosed five-for-one reverse split of SVC's issued and outstanding co
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that its previously disclosed five-for-one reverse split of SVC's issued and outstanding common shares is anticipated to become effective after the close of trading on July 6, 2026. As of the effective time of the reverse split, each five shares of SVC's issued and outstanding common shares will be combined into one common share. As a result of the reverse split, the number of outstanding common shares will b.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that its Board of Trustees has approved a five-for-one reverse split of SVC's issued and outstanding common shares. The reverse split is anticipated to become effective after the close of trading on or about July 6, 2026, subject to the completion of regulatory approvals and processes. As of the effective time of the reverse share split, each five shares of SVC's issued and outstanding common shares will be r.
Service Properties Trust is undergoing a strategic shift from hotel-focused to net lease REIT, aggressively disposing of hotels to reduce debt. Q4 2025 results exceeded expectations, but 2026 guidance signals further declines: normalized FFO could drop up to 17% after a 28% fall in 2025. SVC's debt-to-equity ratio is around 8x, with $2 billion in maturities by 2028 and a recent credit rating downgrade to B-, raising refinancing risks.
Service Properties Trust (NASDAQ: SVC - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors acquired 5,000 put options on the company. This represents an increase of 523% compared to the typical volume of 803 put options. Service Properties Trust Stock Down 4.3% Shares of NASDAQ SVC opened at $2.00
Service Properties Trust (NASDAQ: SVC - Get Free Report) and W.P. Carey (NYSE: WPC - Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings. Volatility and Risk Service Properties Trust has
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has commenced a $500.0 million underwritten public offering of its common shares of beneficial interest. SVC expects to use the net proceeds of this proposed offering to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 15% of the number of common shares to be issued and sold in the proposed offering at the public offering price, less underwriting discounts and commissions.
Helix Partners (Helix) and The RMR Group (Nasdaq: RMR), SVC’s manager, have provided indications of interest to purchase up to $100.0 million and $50.0 million, respectively, of common shares in the proposed offering at the public offering price. In addition, SVC’s President and Chief Executive Officer and its Chief Financial Officer and Treasurer, as well as certain members of SVC’s Board of Trustees, have provided indications of interest to purchase common shares in the offering at the public offering price. Because these indications of interest are not binding agreements or commitments to purchase, any of these investors may determine to purchase more, fewer or no common shares in the proposed offering, or the underwriters may determine to sell more, fewer or none of our common shares to any of these investors.
In connection with the proposed offering, SVC will expand the size of the Board of Trustees to add an Independent Trustee with hotel experience in the near term, which is intended to enhance governance as SVC seeks to improve the performance of its hotel portfolio. Moreover, the entire SVC Board of Trustees is committed to maximizing shareholder value through thoughtful capital allocation between and amongst SVC’s hotel and net lease retail real estate portfolios, as SVC continues to transition its portfolio to be more focused on net lease retail real estate in the future.
Yorkville Securities is acting as lead bookrunner and Jones is acting as bookrunning manager of the proposed offering.
The offering is being made pursuant to SVC’s effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), including the base prospectus therein. A preliminary prospectus supplement relating to the offering is being filed with the SEC. When available, a copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained by contacting Yorkville Securities, LLC at [email protected] or JonesTrading Institutional Services LLC at [email protected] or by visiting the EDGAR database on the SEC's web site at www.sec.gov.
This press release is neither an offer to sell nor a solicitation of an offer to buy common shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Service Properties Trust
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with approximately $10 billion 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 (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC’s control. For example:
Although this press release refers to an offering of $500.0 million of its common shares, greater or less than $500.0 million of common shares may be sold or this proposed offering may be withdrawn and the number of common shares ultimately issued will be dependent on various factors, including the public offering price. If SVC agrees to sell common shares in the proposed offering, the closing of the proposed offering will be subject to various conditions and contingencies as are customary in underwriting agreements in the United States. If these conditions are not satisfied or the specified contingencies do not occur, the sale of the common shares may not close. This press release states that SVC expects to use the net proceeds from the proposed offering to redeem all or a portion of its 4.95% senior notes due 2027 and/or 5.50% senior notes due 2027. However, the receipt and use of the proceeds is dependent on the completion of the proposed offering and may not occur and the amount of net proceeds may not be sufficient to redeem all notes. Although SVC expects to expand the size of the Board of Trustees to add an Independent Trustee with hotel experience in the near term, it may not be successful in finding or electing a suitable candidate and the nomination of any new Trustee is subject to the approval of the Trust’s Nominating and Governance Committee and the Board of Trustees, and even if a new Trustee is elected, SVC may not improve the performance of its hotel portfolio, maximize shareholder value through thoughtful capital allocation between and amongst SVC’s hotel and net lease retail real estate portfolios or further transition its portfolio to be more focused on net lease retail real estate in the future. This press release states that SVC contemplates that the underwriters will be granted an option to purchase up to an additional 15% of the number of common shares to be issued in the proposed offering. An implication of this statement may be that this option may be exercised in whole or in part. In fact, SVC does not know whether the underwriters would exercise this option, or any part of it. The information contained in SVC’s filings with the SEC, including under the caption “Risk Factors” in SVC’s periodic reports, or incorporated therein, identifies other important factors that could cause differences from SVC’s forward-looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward-looking statements.
Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the pricing of its underwritten public offering of 416.7 million common shares of beneficial interest at a price to the public of $1.20 per share. The total gross proceeds to SVC are expected to be $500 million, before deducting underwriting discounts and commissions and other offering expenses payable by SVC. The settlement of this offering is expected to occur on or about April 2, 2026. The underwriters have also been granted a 30-day option to purchase up to an additional 62.5 million common shares.
SVC expects to use the net proceeds of the offering, together with cash on hand, to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027.
Yorkville Securities is acting as lead bookrunner and Jones is acting as bookrunning manager of the offering. B. Riley Securities, Oppenheimer & Co., Ladenburg Thalmann and Siebert are acting as co-managers of the offering.
The offering is being made pursuant to SVC’s effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), including the base prospectus therein. A preliminary prospectus supplement and accompanying base prospectus relating to the offering has been, and the final prospectus supplement, when available, will be, filed with the SEC, and copies may be obtained by contacting Yorkville Securities, LLC at [email protected] or JonesTrading Institutional Services LLC at [email protected] or by visiting the EDGAR database on the SEC's web site at www.sec.gov.
This press release is neither an offer to sell nor a solicitation of an offer to buy common shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Service Properties Trust
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with approximately $10 billion 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 (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC’s control. For example:
This press release states that SVC expects the settlement of the common shares to occur on or about April 2, 2026. In fact, the issuance and delivery of the common shares is subject to various conditions and contingencies as are customary in underwriting agreements in the United States. If these conditions are not satisfied or the specified contingencies do not occur, this offering may not close. This press release states that SVC expects to use the net proceeds from the offering, together with cash on hand, to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027. However, the receipt and use of the proceeds is dependent on the completion of the offering and may not occur and the amount of net proceeds may not be sufficient to redeem all notes. This press release states that the underwriters have been granted an option to purchase up to an additional 62.5 million common shares. An implication of this statement may be that this option may be exercised in whole or in part. In fact, SVC does not know whether the underwriters would exercise this option, or any part of it. The information contained in SVC’s filings with the SEC, including under the caption “Risk Factors” in SVC’s periodic reports, or incorporated therein, identifies other important factors that could cause differences from SVC’s forward-looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward-looking statements.
Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
SVC faces severe refinancing risk as it navigates upcoming debt maturities. SVC's $500 million equity issuance at all-time low share prices signals an inability to refinance debt through traditional channels. Leverage ratios have deteriorated, with interest coverage at 1.5x and net debt to EBITDAre near 10x, raising bankruptcy risk.
Announces Early Redemption of $100 Million 4.95% Senior Notes Due February 2027 and $450 Million 5.50% Senior Notes Due December 2027
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the closing of its underwritten public offering of 479.2 million common shares of beneficial interest, including 62.5 million common shares of beneficial interest issued upon the exercise in full by the underwriters of their option to purchase additional common shares, at a public offering price of $1.20 per share, before underwriting discounts and commissions. The net proceeds from the offering were approximately $542.3 million, after payment of the underwriting discount and other estimated offering expenses payable by SVC.
SVC also announced the early redemption, in full, of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and $450.0 million principal amount outstanding of its 5.50% senior notes due 2027, in each case, at a redemption price equal to the redeemed principal amount plus accrued and unpaid interest thereon, to, but not including, the respective redemption dates of May 2, 2026 and April 17, 2026, and the applicable make-whole premium. SVC expects to fund this redemption using the net proceeds from the offering together with cash on hand.
Yorkville Securities acted as lead bookrunner and Jones acted as bookrunning manager for the offering. B. Riley Securities, Oppenheimer & Co., Ladenburg Thalmann and Siebert acted as co-managers for the offering.
The offering was made pursuant to SVC’s effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), including the base prospectus therein. A final prospectus supplement was filed with the SEC, and copies may be obtained by contacting Yorkville Securities, LLC at [email protected] or JonesTrading Institutional Services LLC at [email protected] or by visiting the EDGAR database on the SEC's web site at www.sec.gov.
This press release is neither an offer to sell nor a solicitation of an offer to buy common shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Service Properties Trust
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with approximately $10 billion 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 (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Service Properties Trust (NASDAQ:SVC – Get Free Report) saw some unusual options trading activity on Monday. Stock traders acquired 8,089 call options on the stock. This represents an increase of approximately 366% compared to the average daily volume of 1,734 call options.
Insider Buying and Selling In other Service Properties Trust news, Director Adam D. Portnoy acquired 41,666,666 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $1.20 per share, with a total value of $49,999,999.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna D. Fraiche acquired 83,333 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average cost of $1.20 per share, for a total transaction of $99,999.60. Following the transaction, the director owned 182,013 shares of the company’s stock, valued at $218,415.60. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 41,914,999 shares of company stock valued at $50,297,999. 1.43% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Service Properties Trust Hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in Service Properties Trust by 16.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,965,472 shares of the real estate investment trust’s stock valued at $8,036,000 after purchasing an additional 420,785 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $63,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Service Properties Trust by 8.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 179,103 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 14,133 shares during the last quarter. Inspire Investing LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $461,000. Finally, State of Alaska Department of Revenue raised its position in shares of Service Properties Trust by 34.8% in the fourth quarter. State of Alaska Department of Revenue now owns 100,281 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 25,884 shares during the period. 77.62% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Service Properties Trust Here are the key news stories impacting Service Properties Trust this week:
Positive Sentiment: Large director insider buys — Director Donna D. Fraiche purchased 83,333 shares (avg $1.20) and Director Rajan Penkar bought 10,000 shares in early April; both filings signal management conviction and were sizeable relative to recent trading. Donna Fraiche SEC Filing Rajan Penkar SEC Filing Positive Sentiment: CFO and multiple insiders buying — Additional insider purchases (including a CFO buy ~ $66k) and an InsiderTrades piece highlighting large insider accumulation (three insiders buying nearly 42M shares collectively) reinforce the message that insiders view current prices as attractive. CFO Purchase InsiderTrades: SVC Positive Sentiment: B. Riley upgrade — A recent upgrade by B. Riley provides sell‑side support that can attract buyers and short‑covering at these low price levels. B. Riley Upgrade Positive Sentiment: Unusually large call‑option volume — Traders bought ~8,089 SVC calls (≈366% above typical daily call volume), suggesting speculative bullish positioning that can amplify intraday upside if momentum builds. (Source: options activity report) Neutral Sentiment: Extremely heavy trading volume and volatility — The name is trading with very high volume vs. its average, which magnifies price moves in both directions and means short-term swings may be driven more by flows than fundamentals. Negative Sentiment: Pre‑market weakness — SVC dropped in pre‑market trade (reported ≈4% lower in early futures session), reflecting either profit‑taking or short‑term bearish order flow that can weigh on the open. Benzinga Pre‑Market Negative Sentiment: Weak fundamentals / capital structure risk — SVC trades at low absolute prices with a high debt‑to‑equity ratio and constrained liquidity metrics, which raises downside risk if travel/asset‑sale catalysts don’t materialize. Analyst Ratings Changes A number of brokerages have recently commented on SVC. Wall Street Zen raised shares of Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Wells Fargo & Company cut their price objective on shares of Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Service Properties Trust in a research report on Thursday, January 22nd. Zacks Research lowered shares of Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, B. Riley Financial raised shares of Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.00.
Read Our Latest Report on Service Properties Trust
Service Properties Trust Stock Performance NASDAQ SVC opened at $1.31 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 5.00. The firm’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $2.06. Service Properties Trust has a 1 year low of $1.13 and a 1 year high of $3.08. The firm has a market capitalization of $220.16 million, a P/E ratio of -1.08 and a beta of 1.60.
Service Properties Trust (NASDAQ:SVC – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.16. The firm had revenue of $397.45 million for the quarter, compared to analyst estimates of $394.32 million. Service Properties Trust had a negative net margin of 11.15% and a negative return on equity of 29.70%. Service Properties Trust has set its FY 2026 guidance at 0.650-0.770 EPS.
Service Properties Trust Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, January 26th. Service Properties Trust’s dividend payout ratio (DPR) is -3.31%.
About Service Properties Trust (Get Free Report)
Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
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Service Properties Trust (NASDAQ:SVC – Get Free Report) Director Rajan Penkar acquired 10,000 shares of Service Properties Trust stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average cost of $1.20 per share, with a total value of $12,000.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $12,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Service Properties Trust Stock Up 3.1% SVC stock opened at $1.31 on Tuesday. The company has a debt-to-equity ratio of 5.00, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $220.16 million, a P/E ratio of -1.08 and a beta of 1.60. The business has a 50-day moving average of $2.02 and a 200-day moving average of $2.06. Service Properties Trust has a fifty-two week low of $1.13 and a fifty-two week high of $3.08.
Service Properties Trust (NASDAQ:SVC – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.16. The company had revenue of $397.45 million during the quarter, compared to analysts’ expectations of $394.32 million. Service Properties Trust had a negative return on equity of 29.70% and a negative net margin of 11.15%.Service Properties Trust has set its FY 2026 guidance at 0.650-0.770 EPS.
Service Properties Trust Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 3.1%. Service Properties Trust’s dividend payout ratio is -3.31%.
Key Service Properties Trust News Here are the key news stories impacting Service Properties Trust this week:
Positive Sentiment: Large director insider buys — Director Donna D. Fraiche purchased 83,333 shares (avg $1.20) and Director Rajan Penkar bought 10,000 shares in early April; both filings signal management conviction and were sizeable relative to recent trading. Donna Fraiche SEC Filing Rajan Penkar SEC Filing Positive Sentiment: CFO and multiple insiders buying — Additional insider purchases (including a CFO buy ~ $66k) and an InsiderTrades piece highlighting large insider accumulation (three insiders buying nearly 42M shares collectively) reinforce the message that insiders view current prices as attractive. CFO Purchase InsiderTrades: SVC Positive Sentiment: B. Riley upgrade — A recent upgrade by B. Riley provides sell‑side support that can attract buyers and short‑covering at these low price levels. B. Riley Upgrade Positive Sentiment: Unusually large call‑option volume — Traders bought ~8,089 SVC calls (≈366% above typical daily call volume), suggesting speculative bullish positioning that can amplify intraday upside if momentum builds. (Source: options activity report) Neutral Sentiment: Extremely heavy trading volume and volatility — The name is trading with very high volume vs. its average, which magnifies price moves in both directions and means short-term swings may be driven more by flows than fundamentals. Negative Sentiment: Pre‑market weakness — SVC dropped in pre‑market trade (reported ≈4% lower in early futures session), reflecting either profit‑taking or short‑term bearish order flow that can weigh on the open. Benzinga Pre‑Market Negative Sentiment: Weak fundamentals / capital structure risk — SVC trades at low absolute prices with a high debt‑to‑equity ratio and constrained liquidity metrics, which raises downside risk if travel/asset‑sale catalysts don’t materialize. Wall Street Analysts Forecast Growth Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Service Properties Trust in a research report on Thursday, January 22nd. Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Wells Fargo & Company reduced their price target on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. B. Riley Financial raised Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Thursday, April 2nd. Finally, Zacks Research cut Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.00.
Read Our Latest Report on Service Properties Trust
Institutional Trading of Service Properties Trust Several institutional investors and hedge funds have recently bought and sold shares of SVC. HighRoad Wealth Advisors LLC bought a new stake in Service Properties Trust in the fourth quarter valued at approximately $29,000. Abel Hall LLC bought a new stake in Service Properties Trust in the fourth quarter valued at approximately $32,000. Caxton Associates LLP bought a new stake in Service Properties Trust in the third quarter valued at approximately $33,000. BNP Paribas Financial Markets raised its stake in Service Properties Trust by 54.4% in the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 5,099 shares during the period. Finally, Savant Capital LLC bought a new stake in Service Properties Trust in the third quarter valued at approximately $37,000. Institutional investors own 77.62% of the company’s stock.
About Service Properties Trust (Get Free Report)
Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2026 results after the Nasdaq closes on Wednesday, May 6, 2026. On Thursday, May 7, 2026 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto, 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 number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Thursday, May 14, 2026. To hear the replay, dial (855) 669-9658. The replay pass code is 1683910.
A live audio webcast of the conference call will also be available in a listen-only mode on the company’s website, which is located at www.svcreit.com. Participants wanting to access the webcast should visit the company’s website about five minutes before the call. The archived webcast will be available for replay on the company’s website after the call.
About Service Properties Trust
SVC is a real estate investment trust with approximately $10 billion 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 (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on April 21, 2026 and distributed on or about May 14, 2026.
About Service Properties Trust
SVC is a real estate investment trust with approximately $10 billion 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 (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.
WARNING CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC’s control.
For example, this press release states that SVC’s regular quarterly cash distribution rate is $0.01 per share per quarter or $0.04 per share per year. A possible implication of this statement is that SVC will continue to pay quarterly distributions of $0.01 per share per quarter or $0.04 per share per year in the future. SVC’s distribution rate may be set and reset from time to time by SVC’s Board of Trustees. SVC’s Board of Trustees considers many factors when setting or resetting SVC’s distribution rate, including SVC’s funds from operations and normalized funds from operations, cash available for distribution, requirements to maintain SVC’s qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay SVC’s obligations and fund its investments, limitations in SVC’s debt agreements, the availability to SVC of debt and equity capital, SVC’s dividend yield and its dividend yield compared to the dividend yields of other REITs, SVC’s expectation of its future capital requirements and operating performance, SVC’s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by SVC’s Board of Trustees in its discretion. Accordingly, future distributions to SVC’s shareholders may be increased or decreased and SVC cannot be sure as to the rate at which future distributions will be paid.
You should not place undue reliance upon forward-looking statements.
Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Bridge Plus was designed for rare, life-threatening emergencies to help control bleeding during superior vena cava (SVC) tears, which occur in <0.5% of lead extraction procedures [1] but require immediate intervention Bridge Plus allows for rapid response when every second counts by deploying in under two minutes [2] and stopping up to 90% blood loss [3], helping stabilize patients with 30 minutes of hemostasis [4]Bridge Plus was built upon proven Bridge Occlusion Balloon technology, used in more than 50,000 U.S. procedures [5,*], with evidence showing improved survival when staged in advance [6,**] Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, announced the launch of the next-generation Bridge Plus Occlusion Balloon, designed to help electrophysiology teams rapidly control bleeding and stabilize patients during rare but life-threatening superior vena cava (SVC) tears in transvenous lead extraction (TLE) procedures. Building on technology used in more than 50,000 procedures [5*], Bridge Plus enables electrophysiology teams to respond in minutes – helping stabilize patients and buy critical time for surgical repair [2-4].
Lead extraction procedures are commonly performed to remove leads from cardiac implantable electronic devices (CIEDs), such as pacemakers or defibrillators, due to damaged, infected or malfunctioning leads. While there is evidence of lead extraction’s safe use [7,8], SVC tears, occurring in fewer than 0.5% of cases [1], can quickly become fatal without immediate intervention.
Bridge Plus is designed to provide temporary vessel occlusion, helping reduce blood loss, maintain hemostasis, and stabilize patients during emergencies. The balloon can deploy in less than two minutes [2], stop up to 90% blood loss [3], and maintain acceptable hemostasis for at least 30 minutes [4]. This provides physicians with critical time to stabilize patients and prepare for surgical repair.
“Ensuring procedural safety is a top priority for electrophysiology teams,” said Stacy Beske, Business Leader, Image-Guided Therapy Devices at Philips. “Bridge Plus builds on established technology to help physicians prepare for rare SVC tears and respond quickly with the control needed to stabilize patients and transition to surgery.”
Clinical evidence highlights the importance of being prepared for this emergency scenario, with studies showing that survival rates in SVC tear events improved from 56.9% to 88.2% when an occlusion balloon was staged and available during procedures [6, 7].
“Although superior vena cava tears are rare, they represent one of the most critical emergencies that can occur during lead extraction,” said Dr. Thomas Callahan, an electrophysiologist at Cleveland Clinic who studied the technology***. “Having an occlusion balloon staged and ready can significantly improve response time when every second matters. This technology may help teams prepare for these rare but serious events and support safer lead extraction procedures.”
Prophylactic balloon set up brings additional benefits during TLE procedures, including individualized balloon staging for each patient, and the ability to deploy Bridge Plus if fluoroscopy is no longer available.
Bridge Plus is a low-pressure, compliant occlusion balloon with radiopaque markers designed for accurate placement and compatibility with a wide range of patient anatomies [9]. The device expands Philips’ portfolio of lead management solutions supporting safe and effective extraction procedures.
The Bridge Plus Occlusion Balloon is now commercially available in the United States, with international availability expected later in 2026, pending country registrations. The solution will also be showcased at Heart Rhythm Society (HRS) 2026, taking place April 24-26 in Chicago, IL.
For more information, visit the Philips Bridge Plus Occlusion Balloon product page.
*Cases performed in United States since Bridge launch in 2016.
** When staging the Bridge Balloon versus when no Bridge balloon is used.
*** Dr. Callahan discloses consulting payments from Philips North America LLC for training and education services.
[1] Azarrafiy, Ryan et al. “Endovascular Occlusion Balloon for Treatment of Superior Vena Cava Tears During Transvenous Lead Extraction: A Multiyear Analysis and an Update to Best Practice Protocol.” Circulation. Arrhythmia and electrophysiology vol. 12,8 (2019): e007266. doi:10.1161/CIRCEP.119.007266.
[2] Document on file D002023609_A_Bridge M&M Marketing Claims Test Report. Average timed deployment for commercial Bridge was 74.33 seconds (n=6) and Bridge Plus was 58.33 seconds (n=6).
[3] Document on File, D027561 Marketing claims blood loss report for Bridge project 1338 - When deployed, the Bridge Occlusion Balloon reduces blood loss of an SVC tear by 89.7% (α=0.10), on average, in an animal model.
[4] Document on file, D026197 & animal study - NGX028-IS17 - All animals had biological metrics measured for up to 45 minutes during occlusion and 15 minutes post device deployment.
[5] Document on file. LT-002760 Bridge Sales Customers Raw Data.
[6] Bruce L. Wilkoff, MD, FHRS, Roger G. Carrillo, MD, MBA, FHRS, Ryan Azarrafiy, BA, Darren C. Tsang, BS, Thomas A. Boyle, BS. Compliant endovascular balloon reduces the lethality of superior vena cava tears during transvenous lead extractions.
[7] Wazni 0, Epstein LM, Carrillo RG, et al. Lead extraction in the contemporary setting: the LExlCon study: an observational retrospective study of consecutive laser lead extractions. J Am Coll cardiol. 2010;55(6):579-586.
[8] Bongiorni MG, Kennergren C, Butter C, et al. The European Lead Extraction ConTRolled (ELECTRa) study: a European Heart Rhythm Association (EHRA) registry of transvenous lead extraction outcomes. Eur Heart J. 2017;38(40):2995-3005.
[9] Document on file, D026203 Engineering Translation Rationale For Bridge, Project #1338 – PR00. The balloon will cover the length and diameter of the SVC in 90% of the population as determined by analysis of 52 patients.
For further information, please contact:
Joost Maltha
Philips Global External Relations
Tel.: +31 610 558 116
E-mail: [email protected]
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.
Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2025 sales of EUR 18 billion and employs approximately 64,800 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.
Clinical illustration of the Philips Bridge Plus balloon in use The Philips Bridge Plus Balloon, uninflated prior to use The inflated Philips Bridge Plus Balloon
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2026, 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 first quarter results will be held on Thursday, May 7, 2026 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available for one week by dialing (855) 669-9658; the replay pass code is 1683910. A live audio webcast of the conference call will also be available in a listen only mode on SVC’s website, at www.svcreit.com. The archived webcast will be available for replay on SVC’s website after the call. The transcription, recording and retransmission in any way of SVC’s first quarter conference call are strictly prohibited without the prior written consent of SVC.
About Service Properties Trust:
SVC is a real estate investment trust with $9.9 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of March 31, 2026, SVC owned 761 service-focused retail net lease properties with over 13.6 million square feet throughout the United States and 93 hotels with over 21,000 guest rooms throughout the United States, including Puerto Rico, and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Service Properties (SVC - Free Report) came out with quarterly funds from operations (FFO) of $0.04 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to FFO of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -57.90%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.01 per share when it actually produced FFO of $0.17, delivering a surprise of +1600%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Service Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $364.45 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.28%. This compares to year-ago revenues of $435.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Service Properties shares have lost about 16.3% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Service Properties?While Service Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Service Properties was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.18 on $390.16 million in revenues for the coming quarter and $0.49 on $1.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Gladstone Land (LAND - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This real estate investment trust specializing in farmland is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -83.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Gladstone Land's revenues are expected to be $14.2 million, down 15.5% from the year-ago quarter.
Service Properties (SVC - Free Report) reported $364.45 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 16.3%. EPS of $0.04 for the same period compares to -$0.70 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $342.91 million, representing a surprise of +6.28%. The company delivered an EPS surprise of -57.9%, with the consensus EPS estimate being $0.10.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Service Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Hotel operating revenues: $264.58 million compared to the $241.6 million average estimate based on two analysts. The reported number represents a change of -21% year over year.Revenues- Rental income: $99.88 million compared to the $101.33 million average estimate based on two analysts. The reported number represents a change of -0.3% year over year.Net Earnings Per Share (Diluted): $-0.91 versus $-0.37 estimated by two analysts on average.View all Key Company Metrics for Service Properties here>>>
Shares of Service Properties have returned +21.3% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Executive Officer Chris Bilotto and Chief Financial Officer and Treasurer Brian Donley will be presenting at Nareit’s REITweek 2026 Investor Conference in New York, NY on Wednesday, June 3, 2026 at 9:30 a.m. Eastern Time.
A live audio webcast of the presentation will be available in a listen-only mode on the company’s website at https://www.svcreit.com/investors/Events-and-presentations. Participants wanting to access the webcast should visit the company’s website about 15 minutes before the start of the presentation.
About Service Properties Trust
SVC is a real estate investment trust with $9.9 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of March 31, 2026, SVC owned 761 service-focused retail net lease properties with over 13.6 million square feet throughout the United States and 93 hotels with over 21,000 guest rooms throughout the United States, including Puerto Rico, and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.
