Service Properties Trust Announces 2022 Dividend Allocation

Rhea-AI Summary

Service Properties Trust (Nasdaq: SVC) has announced the characterization of its dividends for 2022 for income tax reporting. Shareholders should reference IRS Form 1099-DIV for tax purposes. The total dividend allocated for the year is $0.23 per share, with individual payments of $0.01 on four occasions and $0.20 on one occasion. The dividends fall under various classifications, including ordinary income and capital gains. SVC currently manages over $11 billion in hotel and retail-focused net lease properties, showcasing its significant role in the real estate market.

Positive

• Total dividend of $0.23 per share for 2022.
• Multiple dividend payments indicate consistent shareholder returns.
• Strong asset base with over $11 billion invested in real estate.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2022 income tax reporting purposes is as follows:

Common Shares
								Dividend Allocation
								Per Share
										Section					Total		Unrecaptured
Declaration		Record		Paid/Payable		Dividends		Ordinary		199A			Qualified		Capital		Section 1250		Return of
Dates		Dates		Dates		Per Share		Income		Dividend(1)			Dividend(2)		Gain		Gain(3)		Capital
01/13/22		01/24/22		02/17/22		$0.01		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.0100
04/14/22		04/25/22		05/19/22		$0.01		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.0100
07/14/22		07/25/22		08/18/22		$0.01		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.0100
10/13/22		10/24/22		11/17/22		$0.20		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.2000
				TOTALS:		$0.23		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.2300

(1)		Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2)		Qualified Dividends are a subset of, and included in, the Ordinary Income Amount.
(3)		Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain Amount.

SVC’s common share CUSIP number is 81761L102. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV. For additional information regarding the effect on the tax basis of SVC shares, please see Form(s) 8937 published on the SVC website: https://www.svcreit.com/investors/stock-information/distributions.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of September 30, 2022, SVC owned 242 hotels with over 40,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of September 30, 2022, SVC also owned 769 retail service-focused net lease properties totaling over 13.4 million square feet throughout United States. SVC is managed by The RMR Group (Nasdaq: RMR), an alternative asset management company with over $37 billion in assets under management as of September 30, 2022 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/20230118005813/en/

Stephen Colbert, Director, Investor Relations

(617) 796-8232

Source: Service Properties Trust

FAQ

What is the total dividend amount for Service Properties Trust in 2022?

The total dividend amount for Service Properties Trust in 2022 is $0.23 per share.

When were the dividends paid to Service Properties Trust shareholders in 2022?

Dividends were paid on January 24, February 17, April 25, July 25, and October 24, 2022.

How are the dividends characterized for tax reporting for SVC?

The dividends are characterized under various classifications, including ordinary income and capital gains.

Where can shareholders find more information on their dividend allocations for SVC?

Shareholders can find more information on their dividend allocations on IRS Form 1099-DIV and SVC's published Form(s) 8937.

What type of assets does Service Properties Trust manage?

Service Properties Trust manages over $11 billion in hotels and service-focused retail net lease properties.