Service Properties Trust (SVC) Company Report

Service Properties Trust reported Q4 2025 Normalized FFO of $0.17 per share and Adjusted EBITDAre of $125.6 million, with hotel RevPAR for 94 comparable hotels increasing 70 basis points year-over-year.
The company completed significant asset dispositions in 2025, selling 112 hotels for nearly $860 million, and used proceeds to redeem $800 million of 2026 debt maturities and $300 million of February 2027 notes.
SVC secured $745 million in new 5-year mortgage financing at a 5.96% weighted average coupon, using the proceeds to redeem $700 million of 8 3/8% notes due 2029, which is expected to result in $14 million in annual cash interest savings.
For the full year 2026, SVC projects Normalized FFO per share of $0.65-$0.77, Adjusted EBITDA of $500 million-$520 million, and total CapEx of $120 million-$140 million.
The net lease portfolio, as of Q4 2025, consisted of 760 properties with $390 million in annual base rents, was 97% leased, and saw annualized base rent increase 2.4%.

1 day ago

Transcript

Service Properties Trust Reports Q4 2025 Results and Provides 2026 Guidance

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust (SVC) reported Q4 2025 normalized FFO of $0.17 per share and adjusted EBITDAre of $125.6 million. For the full year 2026, the company projects normalized FFO per share between $0.65-$0.77 and adjusted EBITDA between $500 million-$520 million.
In Q4 2025, SVC sold 66 hotels for $534 million, contributing to total 2025 dispositions of 112 hotels for nearly $860 million. Proceeds were used to redeem $800 million of 2026 debt maturities and $300 million of February 2027 notes. The company is also marketing 16 additional hotels in 2026, including 7 full-service Sonesta hotels, with estimated proceeds of $175 million-$200 million.
SVC completed $745 million in new 5-year mortgage financing at a weighted average coupon of 5.96%, using the proceeds to redeem $700 million of 8.375% notes due 2029, which is expected to result in annual cash savings of approximately $14 million. Total capital expenditures for 2026 are projected at $120 million-$140 million, and the company expects to generate free cash flow after CapEx in 2026.

1 day ago

Transcript

Service Properties Trust Announces Q4 2025 Financial Results and 2026 Guidance

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust reported a net loss of $0.8 million, or $0.00 per common share, and Normalized FFO of $27.5 million, or $0.17 per common share, for the fourth quarter of 2025.
During Q4 2025, the company sold 66 hotels for $533.9 million, contributing to $858.8 million in total hotel sales proceeds for 2025. These proceeds were utilized to redeem $800 million of 2026 debt maturities and $300 million of February 2027 notes.
For Full Year 2026, Service Properties Trust projects Adjusted EBITDAre between $500 million and $520 million and Normalized FFO per common share between $0.65 and $0.77.
As of December 31, 2025, Hotel RevPAR was $99.24, and the Net Lease portfolio achieved 96.6% occupancy with a rent coverage of 1.98x.

1 day ago

Presentation

Service Properties Trust Reports Q4 2025 Results and Provides 2026 Guidance

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust (SVC) reported Q4 2025 normalized FFO of $0.17 per share, which was flat compared to the prior year quarter, and adjusted EBITDAre decreased $5 million year-over-year to $125.6 million.
The company completed significant hotel dispositions in 2025, selling 112 hotels for nearly $860 million, and in early 2026, initiated marketing for an additional 16 hotels with estimated proceeds of $175 million-$200 million.
SVC proactively managed its debt profile by redeeming $800 million of 2026 debt and $300 million of February 2027 notes, and secured $745 million in new mortgage financing to redeem $700 million of 2029 notes, expecting annual cash interest savings of approximately $14 million.
For the full year 2026, SVC projects normalized FFO per share between $0.65 and $0.77 and adjusted EBITDA between $500 million and $520 million, with net lease acquisition activity reduced to $25 million.

1 day ago

Transcript

Service Properties Trust Announces Fourth Quarter 2025 Results and Full Year 2026 Financial Guidance

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust reported a net loss of $0.8 million, or $0.00 per common share, and Normalized FFO of $27.5 million, or $0.17 per common share, for the fourth quarter ended December 31, 2025.
The company provided full year 2026 financial guidance, projecting Adjusted EBITDAre between $500.0 million and $520.0 million and Normalized FFO per common share between $0.65 and $0.77.
In Q4 2025, SVC sold 66 hotels for $533.9 million, contributing to $858.8 million in total hotel sales proceeds for 2025.
SVC redeemed $450.0 million of 2026 debt in Q4 2025 and $300.0 million of 2027 notes in January 2026, and plans to redeem $700.0 million of 2029 notes using proceeds from $745.0 million in new net lease mortgage notes priced in February 2026.
As of December 31, 2025, the Net Lease portfolio maintained an occupancy of 96.6% and rent coverage of 1.98x, while Hotel RevPAR was $99.24 for Q4 2025.

2 days ago

8-K

Service Properties Trust Completes 35-Hotel Sale

SVC

M&A

Service Properties Trust (SVC) completed the sale of one hotel on January 22, 2026, for $7.1 million, which finalized the disposition of its 35 Hotel Sale Portfolio.
The 35 Hotel Sale Portfolio, comprising 35 hotels with 4,247 keys, generated a combined sales price of $230.3 million, excluding closing costs.
As of January 22, 2026, SVC's aggregate proceeds from hotel dispositions since January 1, 2025, totaled $865.9 million, excluding closing costs, with the company expecting to use these funds to repay debt.
Unaudited pro forma financial statements are provided, reflecting the impact of these sales on SVC's financial position as of September 30, 2025, and results of operations as if completed on January 1, 2024.

Jan 27, 2026, 9:30 PM

8-K

SVC Completes Significant Hotel Dispositions

SVC

M&A

Service Properties Trust (SVC) sold five hotels on December 16, 2025, for $75.5 million and an additional hotel on December 17, 2025, for $15.0 million, as part of its 45 Hotel Sale Portfolio.
Since January 1, 2025, SVC has completed the sale of 104 hotels from its larger 113-hotel portfolio for a combined $813.2 million, and an additional eight other hotels for $45.6 million.
SVC expects to use the proceeds from these hotel sales to repay debt.
The company remains under agreement to sell two more Sale Hotels for $11.9 million, with total expected proceeds from hotel dispositions reaching $870.7 million upon their completion.

Dec 22, 2025, 9:53 PM

8-K

SVC Updates on Hotel Dispositions and Debt Redemption

SVC

M&A

Debt Issuance

Guidance Update

Service Properties Trust (SVC) completed the sale of 66 hotels for approximately $534 million in gross proceeds during the fourth quarter of 2025 to date.
Year-to-date 2025, SVC has sold a total of 112 hotels for aggregate gross proceeds of approximately $859 million.
SVC announced the early redemption of $300 million of its outstanding senior unsecured notes due February 2027, with the redemption expected on January 16, 2026, funded by hotel sale proceeds.
The company intends to initiate marketing efforts in early 2026 to sell seven full-service hotels for projected gross proceeds of $90 million to $110 million.

Dec 18, 2025, 9:45 PM

Press Release

SVC Continues Hotel Dispositions and Updates Financial Guidance

SVC

M&A

Guidance Update

Legal Proceedings

Service Properties Trust (SVC) is actively executing its strategy to transform into a majority net lease REIT by divesting hotel assets.
As of December 5, 2025, SVC has closed the sale of 101 hotels for $721 million, and has an additional 20 hotels under contract for $238 million, bringing year-to-date total sales to 121 hotels for $959 million, excluding closing costs.
The proceeds from these hotel dispositions are expected to be used to repay debt, including the $400 million of 4.95% senior unsecured notes due in February 2027.
SVC has reduced its capital expenditure guidance, with 2025 full-year CapEx now projected at approximately $200 million (down from $250 million) and 2026 full-year CapEx at $125 million to $150 million (down from $170 million to $180 million).
A buyer has purportedly terminated the agreement for seven of the 20 hotels under contract, representing $88.2 million of the purchase price, which SVC is contesting.

Dec 9, 2025, 2:02 PM

8-K

Service Properties Trust announces hotel dispositions and pro forma financial impact

SVC

M&A

Debt Issuance

On November 18 and 19, 2025, Service Properties Trust (SVC) completed the sale of 34 hotels for a combined $224.7 million.
To date, SVC has sold 85 hotels for a total of $618.5 million and anticipates selling an additional 28 hotels for $294.8 million by the end of 2025, with proceeds expected to repay debt.
Pro forma financial statements, reflecting these dispositions, indicate a net loss of $(271,493) thousand or $(1.64) per common share for the year ended December 31, 2024.
For the nine months ended September 30, 2025, the pro forma net loss is $(205,909) thousand or $(1.24) per common share.