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.

Services Properties Trust is investment grade rated by both Moody’s (Baa3) and Standard & Poor’s (BBB-).

Our fiscal year ends on December 31.

TravelCenters of America, or TA, is SVC’s former 100% owned subsidiary and our largest tenant, and we are TA’s largest shareholder. TA was created as a separate public company in 2007 as a result of its spin-off from SVC.

TravelCenters of America is a limited liability company. TA owns and/or franchises standalone travel centers and standalone restaurants. SVC owns a significant number of travel centers, of which we lease to TravelCenters of America LLC or its subsidiaries pursuant to long term leases.

SVC is managed by The RMR Group LLC, the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR is an alternative asset management company that was founded in 1986 to manage real estate companies and related businesses. RMR primarily provides management services to five publicly traded equity real estate investment trusts, or REITs, and three real estate related operating businesses. In addition to managing SVC, RMR manages Senior Housing Properties Trust, a REIT that primarily owns healthcare, senior living and medical office buildings, Office Properties Income Trust, a REIT focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like government entities, and Industrial Logistics Properties Trust, a REIT that owns and leases industrial and logistics properties. RMR also provides management services to TravelCenters of America LLC, a publicly traded operator and franchisor of travel centers along the U.S. Interstate Highway System (including all the travel centers that SVC owns), convenience stores and restaurants, Five Star Senior Living Inc., a publicly traded operator of senior living communities, and Sonesta International Hotels Corporation, a privately owned operator and franchisor of hotels (including some of the hotels that SVC owns) and cruise ships. RMR also manages publicly traded securities of real estate companies, a publicly traded mortgage REIT and private commercial real estate debt funds through wholly owned SEC registered investment advisory subsidiaries. As of June 30, 2019, RMR had $30.6 billion of real estate assets under management and the combined RMR managed companies had approximately $12 billion of annual revenues, over 1,500 properties and over 50,000 employees.

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 81761L102.

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, Wells Fargo 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 Stock Information page.

If you hold your shares in your own name through SVC’s transfer agent, Wells Fargo 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 Wells Fargo.

Yes. If you hold your shares in your own name through SVC’s transfer agent, Wells Fargo 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 advisor 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 3
Newton, MA 02458-1634

Ernst & Young LLP
200 Clarendon Street
Boston, MA 02109
Phone: 617-266-2000

Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109
Phone: 617-338-2800

SVC’s Investor Relations group can be reached via email at ir@svcreit.com and by phone at 617-796-8232.

SVC’s transfer agent, Wells Fargo 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.

Investors can register for SVC’s email alerts by visiting Email Alerts.

Please contact your stockbroker or your financial institution that provides brokerage services to obtain research reports.

Please visit our Annual Reports section of the website.