Service Properties Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Service Properties Trust (Nasdaq: SVC) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual distribution of $0.04 per share. The dividend will be paid to shareholders of record as of April 22, 2025, with the distribution scheduled for May 15, 2025.

Positive

• Regular dividend maintained, showing commitment to shareholder returns

Negative

• Low dividend amount of $0.04 annually indicates cash distribution to shareholders

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 22, 2025 and distributed on or about May 15, 2025.

About Service Properties Trust

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, 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 retail service-focused net lease properties totaling over 13.2 million square feet throughout 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250409998731/en/

Kevin Barry, Senior Director, Investor Relations

(617) 796-8232

Source: Service Properties Trust

FAQ

What is the dividend amount announced by Service Properties Trust (SVC) for Q2 2025?

Service Properties Trust announced a quarterly dividend of $0.01 per share, equating to $0.04 annually.

When is the record date for SVC's latest dividend payment?

The record date for SVC's dividend payment is April 22, 2025.

When will SVC distribute its latest announced dividend?

SVC will distribute the dividend on or about May 15, 2025.

What is the annual dividend yield for Service Properties Trust (SVC) based on the latest announcement?

Based on the announced quarterly dividend of $0.01 per share, SVC's annual dividend payment is $0.04 per share.