Hotel & Retail Focused Net Lease Real Estate

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November 8, 2019
Third Quarter Net Income of $0.24 Per Common Share Third Quarter Normalized FFO of $0.95 Per Common Share Completed Acquisition of Net Lease Portfolio of Service-Oriented Retail Properties for $2.4 Billion Sold or Entered Agreements to Sell 128 Properties for $500 Million Service Properties Trust (Nasdaq: SVC) (formerly known as Hospitality Properties Trust) today announced its financial results for the quarter and nine months ended September 30, 2019: Three Months Ended
September 30, Nine Months Ended
September 30, 2019 2018 2019 2018 ($ in thousands, except per share and RevPAR data) Net income $ 40,074 $ 117,099 $ 274,643 $ 294,594 Net income per common share $ 0.24 $ 0.71 $ 1.67 $ 1.79 Adjusted EBITDAre(1) $ 209,545 $ 225,676 $ 624,418 $ 655,530 Normalized FFO (1) $ 155,635...
October 30, 2019
Service Properties Trust (Nasdaq: SVC) today announced it has completed the sale of a 138,558 square foot office property located at 1505 South Pavilion Center in Las Vegas, Nevada for $57.0 million, or approximately $411 per square foot. The sale is part of SVC’s previously announced disposition plan to sell up to $500 million of assets in connection with the acquisition of a net lease service retail portfolio from Spirit MTA REIT. “The disposition of 1505 South Pavilion Center is the first step in executing on the company’s strategy to sell certain non-core assets acquired as part of the SMTA transaction,” said John Murray, Service Properties Trust’s President and Chief Executive Officer. “The disposition proceeds, which represent a 6.4% capitalization rate and a record price per square foot for the Las Vegas office market, will be used to reduce the company’s leverage.” Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and...

Hotel Brands

candlewood Suites logo Country Inn and Suites logo Courtyard logo Crowne Plaza logo hawthorn Suites By Wyndham logo holiday Inn Hotel sand Resorts logo hyatt Place logo intercontinental hotels resorts logo kimpton logo marriott Hotels and Resorts logo park Plaza Hotel and Resorts logo radisson Hotels and Resorts logo Residence Inn Marriott logo royal Sonesta Hotel logo sonesta Collection Hotels Resorts Suites logo sonesta ESSuites logo Spring Hill Suites logo Staybridge logo Towne Place Suites Marriott logo wyndham Hotels and resorts logo

Representative Net Lease Retail Brands

petro Stopping Centers logo travel Centers of America logo Heartland Dental logo Pizza Hut logo Churchs Chicken logo Uncle Ed's Oil Shoppe logo Express Oil Change logo Popeyes logo Burger King logo Hardees logo Arbys logo

Cautionary Language

The information appearing on SVC’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SVC’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SVC’s actual results may differ materially from those contained in SVC’s forward looking statements. The information contained in SVC’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SVC’s periodic reports and other filings, identifies important factors that could cause SVC’s actual results to differ materially from those stated in SVC’s forward looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SVC’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Except as required by law, Service Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

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