Hotel & Retail Focused Net Lease Real Estate

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November 3, 2022
Net Income of $0.05 Per Common Share 100.0% Increase in Normalized FFO to $0.54 Per Common Share 26.3% Increase in Adjusted EBITDAre to $173.5 Million Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2022. Todd Hargreaves , President and Chief Investment Officer of SVC, made the following statement: “Hotel operating trends continued to recover in the third quarter, driven by increased bookings at our urban and suburban select service hotels. Comparable RevPAR increased by 29.6% over the prior year quarter. The solid performance of our operators generated a 77.1% increase in comparable hotel EBITDA over the same period last year. Business activity at our hotels in September and October increased, led by mid-week booking improvement. We expect to benefit further in the coming quarters from the continued business travel recovery, particularly at our full service and select service hotels. With ongoing hotel fundamentals...
October 13, 2022
Dividend Rate Represents Modest 37% Payout Ratio Based on Q2 2022 Normalized FFO Over $750 Million of Liquidity After Dividend Payment Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio based on Q2 2022 normalized funds from operations, or Normalized FFO. This distribution will be paid to SVC’s common shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022. Brian Donley , Service Properties Trust’s Chief Financial Officer and Treasurer, made the following statement: “As the result of the continued improved performance of our hotel portfolio and the steady performance of our net lease assets, we are pleased to declare our quarterly common dividend at $0.20 per share. We believe the dividend at this level is well covered and sustainable, representing only a 37% Normalized FFO...

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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