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Service Properties Trust Announces Third Quarter 2024 Results

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Service Properties Trust (Nasdaq: SVC) has released its financial results for Q3 2024. The real estate investment trust manages a portfolio valued at over $11 billion, consisting of 214 hotels with over 36,000 guest rooms across the United States, Puerto Rico, and Canada, along with 745 service-focused retail net lease properties covering more than 13.3 million square feet throughout the United States. SVC is managed by The RMR Group, which has nearly $41 billion in assets under management as of September 30, 2024.

Service Properties Trust (Nasdaq: SVC) ha reso noti i suoi risultati finanziari per il terzo trimestre del 2024. Il trust per investimenti immobiliari gestisce un portafoglio del valore di oltre 11 miliardi di dollari, composto da 214 hotel con oltre 36.000 camere per gli ospiti negli Stati Uniti, Porto Rico e Canada, insieme a 745 proprietà commerciali in leasing neto focalizzate sui servizi che coprono più di 13,3 milioni di piedi quadrati in tutto il territorio degli Stati Uniti. SVC è gestito da The RMR Group, che ha quasi 41 miliardi di dollari in attività in gestione al 30 settembre 2024.

Service Properties Trust (Nasdaq: SVC) ha publicado sus resultados financieros para el tercer trimestre de 2024. El fideicomiso de inversión en bienes raíces gestiona una cartera valorada en más de 11 mil millones de dólares, que consta de 214 hoteles con más de 36,000 habitaciones para huéspedes en Estados Unidos, Puerto Rico y Canadá, junto con 745 propiedades comerciales arrendadas netas enfocadas en servicios que cubren más de 13.3 millones de pies cuadrados en todo Estados Unidos. SVC es administrado por The RMR Group, que tiene casi 41 mil millones de dólares en activos bajo gestión a 30 de septiembre de 2024.

서비스 속성 신탁(Nasdaq: SVC)은 2024년 3분기 재무 결과를 발표했습니다. 이 부동산 투자 신탁은 110억 달러 이상의 가치가 있는 포트폴리오를 관리하며, 미국, 푸에르토리코 및 캐나다 전역에 걸쳐 36,000개 이상의 객실을 갖춘 214개의 호텔로 구성되어 있습니다. 또한, 미국 전역의 1330만 제곱피트를 초과하는 서비스 중심의 745개의 순임대 소매 부동산이 포함되어 있습니다. SVC는 2024년 9월 30일 기준으로 거의 410억 달러의 자산을 관리하는 The RMR Group에 의해 관리됩니다.

Service Properties Trust (Nasdaq: SVC) a publié ses résultats financiers pour le troisième trimestre 2024. Le fonds d'investissement immobilier gère un portefeuille d'une valeur de plus de 11 milliards de dollars, composé de 214 hôtels avec plus de 36 000 chambres disponibles aux États-Unis, à Porto Rico et au Canada, ainsi que de 745 propriétés commerciales en bail net axées sur les services couvrant plus de 13,3 millions de pieds carrés à travers les États-Unis. SVC est géré par The RMR Group, qui dispose de près de 41 milliards de dollars d'actifs sous gestion au 30 septembre 2024.

Service Properties Trust (Nasdaq: SVC) hat seine finanziellen Ergebnisse für das dritte Quartal 2024 veröffentlicht. Der Immobilieninvestmentfonds verwaltet ein Portfolio im Wert von über 11 Milliarden Dollar, das aus 214 Hotels mit mehr als 36.000 Gästezimmern in den Vereinigten Staaten, Puerto Rico und Kanada besteht, sowie aus 745 dienstleistungsorientierten Einzelhandelsmietobjekten, die mehr als 13,3 Millionen Quadratfuß in den Vereinigten Staaten abdecken. SVC wird von der RMR Group verwaltet, die zum 30. September 2024 fast 41 Milliarden Dollar an verwaltetem Vermögen hat.

Positive
  • Portfolio valued at over $11 billion in diversified real estate assets
  • Extensive portfolio of 214 hotels with 36,000+ guest rooms
  • Large retail portfolio with 745 net lease properties covering 13.3M sq ft
Negative
  • None.

NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 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 third quarter results will be held on Thursday, November 7, 2024 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 5076927. 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 third 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 September 30, 2024, SVC owned 214 hotels with over 36,000 guest rooms throughout the United States and in Puerto Rico and Canada. As of September 30, 2024, SVC also owned 745 service-focused retail net lease properties with over 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 nearly $41 billion in assets under management as of September 30, 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.

Kevin Barry, Senior Director, Investor Relations

(617) 796-8232

Source: Service Properties Trust

FAQ

What is Service Properties Trust's (SVC) real estate portfolio composition as of Q3 2024?

As of Q3 2024, SVC's portfolio includes 214 hotels with over 36,000 guest rooms across the US, Puerto Rico, and Canada, plus 745 service-focused retail net lease properties covering over 13.3 million square feet in the US.

How much is Service Properties Trust's (SVC) total investment value in Q3 2024?

Service Properties Trust has over $11 billion invested across two asset categories: hotels and service-focused retail net lease properties.

Who manages Service Properties Trust (SVC) and what is their asset management value?

SVC is managed by The RMR Group, which has nearly $41 billion in assets under management as of September 30, 2024, with over 35 years of commercial real estate experience.

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