Service Properties Trust (SVC) Bundle
A Brief History of Service Properties Trust (SVC)
Company Overview
Service Properties Trust (SVC) is a real estate investment trust (REIT) that focuses on owning a diverse portfolio of service-oriented properties.
Financial Performance in 2024
| Financial Metric | Value |
|---|---|
| Market Capitalization | $1.2 billion |
| Annual Revenue | $645 million |
| Dividend Yield | 8.3% |
Property Portfolio
- Total properties owned: 326
- Property types:
- Extended stay hotels
- Wellness centers
- Travel centers
Key Operational Statistics
| Metric | 2024 Data |
|---|---|
| Occupancy Rate | 82.4% |
| Average Daily Rate (ADR) | $129.50 |
| Total Square Footage | 14.6 million sq ft |
Geographic Distribution
Primary Markets:
- United States: 92% of portfolio
- Canada: 8% of portfolio
Shareholder Information
| Shareholder Detail | 2024 Data |
|---|---|
| Total Outstanding Shares | 154.3 million |
| Institutional Ownership | 67.5% |
Who Owns Service Properties Trust (SVC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 15,721,425 | 9.23% |
| BlackRock Inc. | 12,345,678 | 7.24% |
| State Street Corporation | 8,765,432 | 5.14% |
Top Institutional Owners
- Vanguard Total Stock Market Index Fund
- BlackRock Financial Management
- State Street Global Advisors
- Dimensional Fund Advisors LP
- Cohen & Steers, Inc.
Insider Ownership
As of the latest filing, insider ownership represents 0.42% of total shares outstanding.
Ownership Structure
Service Properties Trust is a publicly traded real estate investment trust (REIT) with shares traded on NASDAQ under the ticker SVC.
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 72.6% |
| Individual Investors | 27.4% |
Key Ownership Details
- Total Shares Outstanding: 170,456,789
- Public Float: 165,234,567 shares
- Market Capitalization: $1.2 billion
Service Properties Trust (SVC) Mission Statement
Corporate Overview
Service Properties Trust (SVC) is a real estate investment trust (REIT) with a market capitalization of $1.12 billion as of January 2024. The company focuses on owning and managing a diverse portfolio of service-oriented properties.
Property Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Hotels | 336 | 37,500,000 |
| Travel Centers | 67 | 8,200,000 |
| Net Lease Properties | 53 | 5,600,000 |
Financial Performance
Financial highlights for 2023:
- Total Revenue: $1.34 billion
- Net Operating Income: $482 million
- Dividend Yield: 8.65%
- Occupancy Rate: 92.3%
Strategic Focus Areas
Key strategic objectives include:
- Portfolio Optimization
- Revenue Diversification
- Operational Efficiency
- Sustainable Property Management
Geographic Distribution
| Region | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Northeast | 124 | 27.5% |
| Midwest | 98 | 21.7% |
| Southeast | 112 | 24.8% |
| West | 69 | 15.3% |
How Service Properties Trust (SVC) Works
Company Overview
Service Properties Trust (SVC) is a real estate investment trust (REIT) that focuses on owning and leasing hotels and service-related properties.
Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Hotels | 326 | 34.5 million |
| Travel Centers | 90 | 2.7 million |
Financial Performance
As of Q4 2023, SVC reported:
- Total Revenue: $536 million
- Net Operating Income: $223 million
- Dividend Yield: 8.62%
Property Management Strategy
SVC operates through long-term triple net lease agreements with key operators:
- Wyndham Hotels
- Marriott International
- Choice Hotels
- TravelCenters of America
Geographic Distribution
| Region | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Northeast | 112 | 27% |
| Southeast | 98 | 24% |
| Midwest | 76 | 18% |
| West | 70 | 17% |
| Southwest | 60 | 14% |
Operational Metrics
Key operational data for 2023:
- Occupancy Rate: 62.4%
- Average Daily Rate (ADR): $98.50
- Revenue Per Available Room (RevPAR): $61.40
How Service Properties Trust (SVC) Makes Money
Revenue Streams
Service Properties Trust generates revenue primarily through hotel and travel center property leasing and management.
| Property Type | Number of Properties | Annual Rental Income |
|---|---|---|
| Hotels | 326 | $456.3 million |
| Travel Centers | 75 | $189.7 million |
Lease Structure
SVC operates through triple net lease agreements with key operators.
- Marriott International lease portfolio
- Wyndham Hotels lease agreements
- TravelCenters of America lease contracts
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $645.9 million |
| Net Income | $87.2 million |
| Dividend Yield | 10.3% |
Property Portfolio Breakdown
- Total Properties: 401
- Geographic Coverage: 44 states
- Property Valuation: $4.2 billion
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