Headquartered in Newton, MA Fiscal year ends December NASDAQ: SVC svcreit.com
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with $9.6 billion invested in two asset categories: service-focused retail net lease properties and hotels.
As of September 30, 2026, its net lease portfolio comprised 740 properties with about 13.5 million square feet across 42 states, leased to 188 tenants under 141 brands in 21 industries. That portfolio carries about $395 million of annualized minimum rent, 97.6% occupancy, 2.17x rent coverage and a 7.0-year weighted average lease term. Its anchor is 175 travel centers leased to TravelCenters of America under five master leases expiring in 2033 and guaranteed by BP Corporation North America; these represent 68.2% of net lease minimum rent. The balance spans quick-service and casual dining restaurants, health and fitness, grocery, movie theaters, automotive services and other necessity-based retail.
SVC also owns 87 hotels with 19,897 rooms in the U.S., Puerto Rico and Canada, which generate operating revenues under management agreements. Most are managed by Sonesta, in which SVC holds an equity investment, under the Royal Sonesta, Sonesta Hotels & Resorts, Sonesta ES Suites, Sonesta Simply Suites and Sonesta Select brands. Others are managed by Hyatt (Hyatt Place), Radisson and IHG (Crowne Plaza).
SVC is executing a Board-approved strategy with three aims:
- Expand margins at 77 Retained Hotels concentrated in top-25 urban, resort, suburban and airport markets.
- Sell non-core Exit Hotels.
- Deleverage and shift the portfolio toward net lease properties over time.
Part of its net lease portfolio is financed through an ABS master trust. SVC is externally managed by The RMR Group. Updated
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Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with $9.6 billion invested in two asset categories: service-focused retail net lease properties and hotels.
The Wall Street consensus 12-month price target for SVC is $9.67.
