Investor
Frequently Asked Questions
A real estate investment trust, or REIT, is a company that owns (and in some cases operates) income producing real estate such as offices properties. In order to qualify to be a REIT under the United States Internal Revenue Code, a company generally must distribute annually at least 90% of its taxable income to its shareholders. REITs generally pay little or no corporate income taxes because they are able to deduct dividends they pay from their taxable earnings.
REITs are total return investments and they typically provide attractive dividends plus the potential for moderate, long term capital appreciation.
FFO is a non-GAAP measure of a REIT's operating cash flow. It differs from GAAP net income largely due to the exclusion of non-cash items, such as depreciation and amortization. Many securities analysts judge a REIT's performance based largely upon FFO per share results. SVC’s normalized FFO also excludes the impact of acquisition related costs, estimated business management incentive fees and gains/losses on the early extinguishment of debt.
RevPar or Revenue per Available Room is the total hotel guest room revenue divided by the total number of available hotel rooms.
Information on SVC’s credit and debt ratings can be found at https://www.svcreit.com/investors/stock-information
Our fiscal year ends on December 31.
SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is strengthened by nearly 900 real estate professionals in more than 30 offices nationwide who manage over $37 billion in assets under management and leverage 40 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. We believe that being managed by RMR is a competitive advantage for SVC because of RMR’s depth of management and experience in the real estate industry. We also believe RMR provides management services to us at costs that are lower than we would have to pay for similar quality services if we were self-managed.
SVC was spun-off from HRPT Properties Trust and its shares commenced trading on August 22, 1995.
Our common shares are traded on the Nasdaq exchange under the trading symbol SVC.
SVC’s common stock CUSIP number is 81761L201.
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120
Phone: 855-235-0841
www.shareowneronline.com
SVC shares must be purchased through a registered broker.
Initial SVC share purchases must be made through a registered broker. By enrolling in the Dividend Reinvestment Program (DRIP) you have the option to make subsequent purchases directly from the company.
If you hold your shares in your own name through SVC’s transfer agent, EQ Shareowner Services, you will need to contact them directly otherwise, please contact your financial advisor or broker.
SVC currently pays a dividend on its Common Stock at a quarterly rate of $0.01 per share, or $0.04 per share per year. The timing and amount of future dividends is subject to Board approval, but we anticipate that we will continue to pay a dividend on a quarterly basis. To view SVC’s historical dividends, visit SVC’s Distributions page.
If you hold your shares in your own name through SVC’s transfer agent, EQ Shareowner Services, you will receive a check for the dividend at the address they have on record, unless you participate in SVC’s Dividend Reinvestment Plan. If you hold your shares in a registered brokerage account, you will receive a cash dividend via direct deposit from EQ Shareowner Services.
Yes. If you hold your shares in your own name through SVC’s transfer agent, EQ Shareowner Services, you may elect to reinvest future dividends through the Dividend Reinvestment Plan (DRIP). To find out more or to enroll, please see Dividend Reinvestment Plan.
Dividends are typically considered taxable income which is reported annually to the IRS on Form 1099-DIV. Forms 1099-DIV will be mailed to shareholders following the end of the calendar year. Please contact your financial adviser or tax accountant with tax related questions.
Following its acquisition of a portfolio of a net lease portfolio from Spirit MTA REIT in September 2019, Hospitality Properties Trust changed its name to Service Properties Trust.
Services Properties Trust
Two Newton Place
255 Washington St., Suite 300
Newton, MA 02458-1634
SVC’s Investor Relations group can be reached via email at [email protected] and by phone at 617-796-8232.
SVC’s transfer agent, EQ Shareowner Services, distributes 1099-DIV forms to SVC shareholders.
They can be reached at:
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
Phone: 855-235-0841
www.shareowneronline.com
You may find various reports and filings in the News Releases, SEC Filings or Financial Reports sections of the website.
Please contact your stockbroker or your financial institution that provides brokerage services to obtain research reports.