Service Properties Trust (SVC) financial statements: income statement, balance sheet and cash flow
Service Properties Trust's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Service Properties Trust reported revenue of $1.8B (-4.3% year on year) and net income of ($202.3M) (+26.6% year on year).
Income statement
Service Properties Trust income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Hotel operating revenues
$1.4B
$1.5B
$1.5B
$1.5B
Rental income
$401.4M
$400.2M
$395.8M
$395.7M
Total revenues
$1.8B
$1.9B
$1.9B
$1.9B
Hotel operating expenses
$1.2B
$1.3B
$1.2B
$1.2B
Net lease operating expenses
$21.6M
$19.8M
$17.7M
$13.2M
Depreciation and amortization
$315.0M
$371.8M
$384.1M
$401.1M
General and administrative
$40.7M
$40.2M
$45.4M
$44.4M
Transaction related costs
$14.7M
$6.9M
($1.6M)
$1.9M
Loss on asset impairment
$81.9M
$56.2M
$9.5M
$11.0M
Total expenses
$1.7B
$1.8B
$1.7B
$1.7B
Gain on sale of real estate, net
$84.2M
$6.3M
$43.2M
$47.8M
Gain on equity securities
$0
$0
$48.8M
($8.1M)
Interest income
$9.0M
$4.1M
$21.0M
$3.4M
Interest expense (including amortization of debt issuance costs, discounts and premiums of $46,337, $31,127 and $25,710, respectively)
($413.6M)
($383.8M)
—
—
Loss on early extinguishment of debt, net
($2.9M)
($16.2M)
($1.5M)
($791.0K)
Loss before income tax benefit (expense) and equity in losses of an investee
($208.8M)
($261.8M)
($29.9M)
($135.4M)
Income tax benefit (expense)
$10.7M
($1.4M)
$1.5M
$199.0K
Equity in losses of an investee
($4.2M)
($12.3M)
($4.4M)
$2.9M
Net loss
($202.3M)
($275.5M)
($32.8M)
($132.4M)
Equity interest in investee’s unrealized gains (losses)
$203.0K
($453.0K)
($65.0K)
$1.6M
Other comprehensive income (loss)
$203.0K
—
—
$1.6M
Comprehensive loss
($202.1M)
($276.0M)
($32.8M)
($130.8M)
Weighted average common shares outstanding (basic) (in shares)
166.0M
165.3M
165.0M
164.7M
Weighted average common shares outstanding (diluted) (in shares)
166.0M
165.3M
165.0M
164.7M
Net loss per common share (basic) (in dollars per share)
-$1.22
-$1.67
-$0.20
-$0.80
Net loss per common share (diluted) (in dollars per share)
-$1.22
-$1.67
-$0.20
-$0.80
Service Properties Trust income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Hotel operating revenues
$320.1M
$264.6M
$377.6M
$404.4M
Rental income
$100.9M
$99.9M
$101.2M
$99.0M
Total revenues
$421.0M
$364.5M
$478.8M
$503.4M
Hotel operating expenses
$264.7M
$242.6M
$328.4M
$328.9M
Net lease operating expenses
$6.0M
$7.4M
$5.2M
$5.4M
Depreciation and amortization
$77.1M
$75.8M
$74.5M
$75.0M
General and administrative
$11.1M
$8.8M
$11.1M
$10.2M
Transaction related costs
$463.0K
$2.5M
$2.7M
$1.3M
Loss on asset impairment
$189.1M
$28.1M
$27.1M
$17.7M
Total expenses
$548.4M
$365.3M
$448.9M
$438.6M
(Loss) gain on sale of real estate, net
($383.0K)
$1.4M
$25.3M
($156.0K)
Interest income
$1.2M
$943.0K
$4.8M
$822.0K
Interest expense (including amortization of debt issuance costs, discounts and premiums of $18,822, $9,900, $37,671 and $18,580, respectively)
($87.7M)
($96.5M)
($107.8M)
($102.7M)
Loss on early extinguishment of debt, net
($9.4M)
($51.9M)
($529.0K)
$0
Loss before income tax benefit (expense) and equity in losses of an investee
($223.7M)
($147.0M)
($48.3M)
($37.2M)
Income tax benefit (expense)
$132.0K
($1.2M)
($253.0K)
($457.0K)
Equity in losses of an investee
($252.0K)
($3.0M)
$1.6M
($526.0K)
Segment profit (loss)
($223.8M)
($151.2M)
($46.9M)
($38.2M)
Equity interest in investee’s unrealized (losses) gains
($71.0K)
$14.0K
($119.0K)
$155.0K
Other comprehensive (loss) income
($71.0K)
$14.0K
($119.0K)
$155.0K
Comprehensive loss
($223.9M)
($151.2M)
($47.1M)
($38.0M)
Weighted average common shares outstanding (basic) (in shares)
128.1M
166.4M
166.1M
165.7M
Weighted average common shares outstanding (diluted) (in shares)
128.1M
166.4M
166.1M
165.7M
Net loss per common share (basic) (in dollars per share)
-$1.75
-$0.91
-$0.28
-$0.23
Net loss per common share (diluted) (in dollars per share)
-$1.75
-$0.91
-$0.28
-$0.23
Balance sheet
Service Properties Trust balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Land
$1.8B
$1.9B
$2.0B
$1.9B
Buildings, improvements and equipment
$6.2B
$7.7B
$7.8B
$7.7B
Total real estate properties, gross
$7.9B
$9.6B
$9.8B
$9.6B
Accumulated depreciation
($2.4B)
($3.2B)
($3.2B)
($3.0B)
Total real estate properties, net
$5.5B
$6.4B
$6.6B
$6.6B
Acquired real estate leases and other intangibles, net
$100.0M
$108.0M
$130.6M
$252.4M
Assets of properties held for sale
$94.4M
$43.1M
$10.5M
$121.9M
Cash and cash equivalents
$346.8M
$143.5M
$180.1M
$38.4M
Restricted cash
$25.3M
$13.9M
$17.7M
$7.1M
Equity method investment
$111.8M
$115.8M
$113.3M
$112.6M
Due from related persons
$241.0K
$3.9M
$6.4M
$35.0M
Other assets, net
$307.0M
$316.7M
$292.9M
$277.1M
Total assets
$6.5B
$7.1B
$7.4B
$7.5B
Unsecured debt, net
$3.2B
—
—
—
Secured debt, net
$2.1B
$568.3M
$558.9M
—
Accounts payable and other liabilities and due to related persons
$505.7M
$557.0M
$609.8M
$426.0M
Liabilities of properties held for sale
$5.3M
—
—
—
Total liabilities
$5.8B
$6.3B
$6.1B
$6.1B
Common shares of beneficial interest, $.01 par value; 200,000,000 shares authorized; 168,070,129 and 166,636,537 shares issued and outstanding, respectively
1.7M
1.7M
1.7M
1.7M
Additional paid in capital
$4.6B
$4.6B
$4.6B
$4.6B
Cumulative other comprehensive income
$2.1M
$1.9M
$2.3M
$2.4M
Cumulative net income
$2.0B
$2.2B
$2.5B
$2.5B
Cumulative common distributions
($5.9B)
($5.9B)
($5.8B)
($5.7B)
Total shareholders’ equity
$646.1M
$851.9M
$1.2B
$1.4B
Total liabilities and shareholders’ equity
$6.5B
$7.1B
$7.4B
$7.5B
Service Properties Trust balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Land
$1.7B
$1.7B
$1.7B
$1.7B
Buildings, improvements and equipment
$5.9B
$6.2B
$6.1B
$6.1B
Total real estate properties, gross
$7.6B
$7.9B
$7.9B
$7.9B
Accumulated depreciation
($2.4B)
($2.5B)
($2.4B)
($2.4B)
Total real estate properties, net
$5.2B
$5.4B
$5.4B
$5.5B
Acquired real estate leases and other intangibles, net
$92.3M
$96.9M
$98.7M
$100.5M
Assets of properties held for sale
$122.0M
$75.5M
$564.5M
$849.1M
Cash and cash equivalents
$5.5M
$19.3M
$417.4M
$63.2M
Restricted cash
$23.2M
$20.1M
$23.8M
$22.9M
Equity method investment
$108.5M
$108.8M
$113.1M
$111.7M
Due from related persons
$17.7M
$7.2M
$12.7M
$29.2M
Other assets, net
$309.7M
$310.4M
$306.8M
$305.1M
Total assets
$5.8B
$6.1B
$7.0B
$6.9B
Unsecured debt, net
$1.7B
$2.2B
$3.7B
$4.0B
Secured debt, net
$2.9B
$2.8B
$2.1B
$1.7B
Accounts payable and other liabilities and due to related persons
$449.8M
$498.3M
$558.1M
$510.8M
Liabilities of properties held for sale
$3.2M
$2.8M
$6.2M
$6.5M
Total liabilities
$5.0B
$5.6B
$6.3B
$6.2B
Common shares of beneficial interest, $.01 par value; 900,000,000 and 200,000,000 shares authorized, respectively; 129,527,433 and 33,614,025 shares issued and outstanding, respectively
1.3M
1.7M
1.7M
1.7M
Additional paid in capital
$5.1B
$4.6B
$4.6B
$4.6B
Cumulative other comprehensive income
$2.0M
$2.1M
$2.1M
$2.2M
Cumulative net income
$1.6B
$1.8B
$2.0B
$2.0B
Cumulative common distributions
($5.9B)
($5.9B)
($5.9B)
($5.9B)
Total shareholders’ equity
$806.5M
$493.7M
$647.9M
$695.9M
Total liabilities and shareholders’ equity
$5.8B
$6.1B
$7.0B
$6.9B
Cash flow statement
Service Properties Trust cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($202.3M)
($275.5M)
($32.8M)
($132.4M)
Depreciation and amortization
$315.0M
$371.8M
$384.1M
$401.1M
Net amortization of debt issuance costs, discounts and premiums as interest
$46.3M
$31.1M
$25.7M
$19.4M
Straight line rental income
($11.2M)
($18.5M)
($13.2M)
$7.8M
Loss on early extinguishment of debt, net
$2.9M
$16.2M
$1.5M
$791.0K
Loss on asset impairment
$81.9M
$56.2M
$9.5M
$11.0M
Gain on equity securities
$0
$0
($48.8M)
$8.1M
Equity in losses of an investee
$4.2M
$12.3M
$4.4M
($2.9M)
Gain on sale of real estate, net
($84.2M)
($6.3M)
($43.2M)
($47.8M)
Deferred income taxes
$2.7M
($3.2M)
($1.3M)
($1.1M)
Other non-cash income, net
($1.8M)
($1.8M)
($1.7M)
($2.4M)
Due from related persons
$3.7M
$2.5M
$21.1M
($8.0K)
Other assets
$18.2M
$743.0K
$35.7M
$3.8M
Accounts payable and other liabilities
($61.5M)
($42.6M)
$144.1M
($11.5M)
Due to related persons
$4.0M
($3.5M)
$439.0K
($10.8M)
Net cash provided by operating activities
$117.8M
$139.4M
$485.5M
$243.1M
Real estate improvements
($224.8M)
($303.6M)
($200.9M)
($103.6M)
Hotel managers’ purchases with restricted cash
($4.6M)
($6.4M)
($5.4M)
($5.0M)
Proceeds from sale of TravelCenters of America Inc. common shares
0
0
101.9M
—
Proceeds from sale of tradenames and trademarks
$0
$0
$89.4M
—
Real estate acquisitions and deposits
($94.9M)
—
—
($2.8M)
Net proceeds from sale of real estate
$853.0M
$102.4M
$156.4M
$554.1M
Investment in Sonesta
$0
($15.3M)
($5.1M)
($45.5M)
Net cash provided by (used in) investing activities
$528.7M
($222.9M)
($29.6M)
$397.3M
Proceeds from mortgage notes payable, net of discounts
$0
$0
$576.9M
—
Repayment of mortgage notes payable
($2.0M)
($2.0M)
($1.6M)
—
Proceeds from senior secured and unsecured notes, net of discounts
$492.5M
$1.2B
$985.9M
$0
Repayment of senior unsecured notes
($801.8M)
($1.2B)
($1.7B)
($500.0M)
Borrowings under variable funding note
$45.0M
—
—
—
Borrowings under revolving credit facility
$765.0M
$160.0M
$0
$20.0M
Repayments of revolving credit facility
($915.0M)
($10.0M)
$0
($1.0B)
Payment of debt issuance costs
($8.2M)
($5.5M)
($56.5M)
($3.9M)
Repurchase of common shares
-660.0K
-751.0K
-802.0K
-470.0K
Distributions to common shareholders
($6.7M)
($101.2M)
($132.4M)
($38.0M)
Net cash (used in) provided by financing activities
($431.8M)
$43.0M
($303.6M)
($1.5B)
Increase (decrease) in cash and cash equivalents and restricted cash
$214.7M
($40.4M)
$152.4M
($902.0M)
Cash and cash equivalents and restricted cash at beginning of year
$157.4M
$197.8M
$45.4M
$947.4M
Cash and cash equivalents and restricted cash at end of year
$372.1M
$157.4M
$197.8M
$45.4M
Service Properties Trust cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($375.0M)
($151.2M)
($201.5M)
($154.6M)
Depreciation and amortization
$152.9M
$75.8M
$238.6M
$164.1M
Net amortization of debt issuance costs, discounts and premiums as interest
$37.7M
$18.8M
$27.7M
$18.6M
Straight line rental income
($3.3M)
($1.4M)
($8.8M)
($6.6M)
Loss on early extinguishment of debt, net
$61.3M
$51.9M
$529.0K
$0
Loss on asset impairment
$217.2M
$28.1M
$81.8M
$54.7M
Equity in losses of an investee
$3.3M
$3.0M
$2.9M
$4.5M
Gain on sale of real estate, net
($972.0K)
($1.4M)
($25.8M)
($590.0K)
Other non-cash income, net
($985.0K)
($925.0K)
($1.1M)
($990.0K)
Due from related persons
($17.5M)
($6.9M)
($8.8M)
($25.3M)
Other assets
($242.0K)
$227.0K
$7.3M
$587.0K
Accounts payable and other liabilities
($25.3M)
$22.6M
$22.1M
($17.5M)
Due to related persons
($5.1M)
($3.1M)
$1.6M
$1.2M
Net cash provided by operating activities
$43.8M
$35.6M
$136.3M
$38.2M
Real estate improvements
($76.9M)
($49.9M)
($148.2M)
($108.0M)
Hotel managers’ purchases with restricted cash
($3.9M)
($1.6M)
($3.6M)
($2.1M)
Real estate acquisitions and deposits
($9.7M)
($7.6M)
($56.3M)
($31.4M)
Net proceeds from sale of real estate
$20.4M
$8.6M
$331.2M
$47.1M
Net cash used in investing activities
($70.1M)
($50.5M)
$123.2M
($94.3M)
Proceeds from mortgage notes payable, net of discounts
$745.0M
$745.0M
—
—
Repayment of mortgage notes payable
($1.5M)
($490.0K)
($1.5M)
($979.0K)
Repayments of senior unsecured notes
($1.6B)
($1.0B)
($350.0M)
$0
Borrowings under variable funding note
$0
$0
$45.0M
$45.0M
Borrowings under revolving credit facility
$50.0M
—
$600.0M
$50.0M
Repayments of revolving credit facility
($25.0M)
$0
($750.0M)
($100.0M)
Payment of debt issuance costs
($23.1M)
($21.9M)
($6.1M)
($5.9M)
Repurchase of common shares
-80.0K
-31.0K
-636.0K
-63.0K
Issuance of common shares, net
541.8M
—
—
—
Distributions to common shareholders
($8.2M)
($1.7M)
($5.0M)
($3.3M)
Net cash used in financing activities
($317.2M)
($317.8M)
$24.3M
($15.2M)
Decrease in cash and cash equivalents and restricted cash
($343.4M)
($332.7M)
$283.8M
($71.4M)
Cash and cash equivalents and restricted cash at beginning of period
$372.1M
$372.1M
$157.4M
$157.4M
Cash and cash equivalents and restricted cash at end of period