Service Properties Trust Announces Fourth Quarter 2024 Results

Rhea-AI Summary

Service Properties Trust (SVC) has released its fourth quarter 2024 financial results. The real estate investment trust manages a diverse portfolio valued at over $11 billion, comprising two main asset categories: hotels and service-focused retail net lease properties.

As of December 31, 2024, SVC's portfolio includes 206 hotels with over 35,000 guest rooms across the United States, Puerto Rico, and Canada, along with 742 service-focused retail net lease properties spanning more than 13.2 million square feet throughout the United States. The company is managed by The RMR Group, which oversees over $40 billion in assets and brings 35+ years of commercial real estate expertise.

Positive

• Portfolio valued at over $11 billion
• Substantial real estate holdings: 206 hotels with 35,000+ rooms
• Large retail portfolio: 742 properties with 13.2M sq ft

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2024, 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 fourth quarter results will be held on Thursday, February 27, 2025 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 (877) 344-7529; the replay pass code is 9827014. 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 fourth 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 over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2024, SVC owned 206 hotels with over 35,000 guest rooms throughout the United States and in Puerto Rico and Canada. As of December 31, 2024, SVC also owned 742 service-focused retail net lease properties with over 13.2 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 $40 billion in assets under management as of December 31, 2024, and more than 35 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.}

View source version on businesswire.com: https://www.businesswire.com/news/home/20250226679746/en/

Kevin Barry, Senior Director, Investor Relations

(617) 796-8232

Source: Service Properties Trust

FAQ

What is the size of Service Properties Trust's (SVC) real estate portfolio as of Q4 2024?

SVC's portfolio is valued at over $11 billion, consisting of 206 hotels and 742 retail net lease properties.

How many hotels does Service Properties Trust (SVC) own as of December 2024?

SVC owns 206 hotels with over 35,000 guest rooms across the United States, Puerto Rico, and Canada.

What is the total square footage of SVC's retail properties in Q4 2024?

SVC owns 742 service-focused retail net lease properties totaling over 13.2 million square feet.

When is Service Properties Trust's Q4 2024 earnings conference call scheduled?

The earnings conference call is scheduled for Thursday, February 27, 2025, at 10:00 a.m. Eastern Time.