SVC Stock Price Correlated With Service Properties Trust Financials
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Income Statement
Cash Flow
Balance Sheet
SVC Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
SVC Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
SVC Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
Note 1. Organization
Service Properties Trust, or we, us or our, is a real estate investment trust, or REIT, organized on February 7, 1995 under the laws of the State of Maryland, which invests in hotels and net lease service-oriented retail properties. At December 31, 2021, we owned, directly and through subsidiaries, 303 hotels and 788 net lease properties.
At December 31, 2021, our 303 hotels were managed by subsidiaries of the following companies: Sonesta Holdco Corporation, or Sonesta, (261 hotels), Hyatt Hotels Corporation, or Hyatt (17 hotels), Radisson Hospitality, Inc., or Radisson (eight hotels), Marriott International, Inc., or Marriott (16 hotels) and InterContinental Hotels Group, plc, or IHG (one hotel). At December 31, 2021, we owned 788 net lease properties with 174 tenants, including 179 travel centers leased to TravelCenters of America Inc., or TA, our largest tenant. Hereinafter, these companies are sometimes referred to as managers and/or tenants, or collectively, operators.
Impact of COVID-19
Since March 2020, the lodging industry and certain other industries in which our managers and certain tenants operate have been adversely impacted by the COVID-19 global pandemic, along with federal, state and local government mandates intended to contain and mitigate the spread of COVID-19 and market reactions to the pandemic. The effects of COVID-19 continue to have a significant negative impact on our results of operations, financial position and cash flow. Although lodging demand improved during the year ended December 31, 2021 when compared to 2020 levels, we do not know when or if lodging business levels will return to historical pre-pandemic levels. To mitigate the effects of the pandemic and the increased variability in operating cashflows from our hotels, we continue to work with our hotel managers to contain costs where possible. We are prioritizing, deferring, or strategically planning capital improvements to mitigate potential disruptions to hotel results. We also continue to pay only a nominal quarterly dividend of $0.01 per common share to preserve our liquidity. As of February 22, 2022, we have $959,467 of cash or cash equivalents. We also have entered agreements to sell 45 properties for an aggregate sales price of $402,365 and have letters of intent or are in the process of marketing 43 additional properties with an aggregate carrying value of $150,962. Our $1,000,000 revolving credit facility matures on July 15, 2022 and we have $500,000 of unsecured senior notes due on August 15, 2022. We currently expect we will be able to either repay or extend the maturity of our debt coming due in 2022. We believe that our current financial resources, actions we have taken and are in the process of taking and our expectations as to the future performance of the lodging industry and the industries in which our net lease retail tenants operate and our fully collateralized revolving credit facility will provide us sufficient liquidity and enable us to withstand the COVID-19 pandemic and its aftermath. See Notes 4 and 6 for additional information regarding our asset sales and debt.
Service Properties Trust, or we, us or our, is a real estate investment trust, or REIT, organized on February 7, 1995 under the laws of the State of Maryland, which invests in hotels and net lease service-oriented retail properties. At December 31, 2021, we owned, directly and through subsidiaries, 303 hotels and 788 net lease properties.
At December 31, 2021, our 303 hotels were managed by subsidiaries of the following companies: Sonesta Holdco Corporation, or Sonesta, (261 hotels), Hyatt Hotels Corporation, or Hyatt (17 hotels), Radisson Hospitality, Inc., or Radisson (eight hotels), Marriott International, Inc., or Marriott (16 hotels) and InterContinental Hotels Group, plc, or IHG (one hotel). At December 31, 2021, we owned 788 net lease properties with 174 tenants, including 179 travel centers leased to TravelCenters of America Inc., or TA, our largest tenant. Hereinafter, these companies are sometimes referred to as managers and/or tenants, or collectively, operators.
Impact of COVID-19
Since March 2020, the lodging industry and certain other industries in which our managers and certain tenants operate have been adversely impacted by the COVID-19 global pandemic, along with federal, state and local government mandates intended to contain and mitigate the spread of COVID-19 and market reactions to the pandemic. The effects of COVID-19 continue to have a significant negative impact on our results of operations, financial position and cash flow. Although lodging demand improved during the year ended December 31, 2021 when compared to 2020 levels, we do not know when or if lodging business levels will return to historical pre-pandemic levels. To mitigate the effects of the pandemic and the increased variability in operating cashflows from our hotels, we continue to work with our hotel managers to contain costs where possible. We are prioritizing, deferring, or strategically planning capital improvements to mitigate potential disruptions to hotel results. We also continue to pay only a nominal quarterly dividend of $0.01 per common share to preserve our liquidity. As of February 22, 2022, we have $959,467 of cash or cash equivalents. We also have entered agreements to sell 45 properties for an aggregate sales price of $402,365 and have letters of intent or are in the process of marketing 43 additional properties with an aggregate carrying value of $150,962. Our $1,000,000 revolving credit facility matures on July 15, 2022 and we have $500,000 of unsecured senior notes due on August 15, 2022. We currently expect we will be able to either repay or extend the maturity of our debt coming due in 2022. We believe that our current financial resources, actions we have taken and are in the process of taking and our expectations as to the future performance of the lodging industry and the industries in which our net lease retail tenants operate and our fully collateralized revolving credit facility will provide us sufficient liquidity and enable us to withstand the COVID-19 pandemic and its aftermath. See Notes 4 and 6 for additional information regarding our asset sales and debt.
Free historical financial statements for Service Properties Trust. See how revenue, income, cash flow, and balance sheet financials have changed over 52 quarters since 2011. Compare with SVC stock chart to see long term trends.
Data imported from Service Properties Trust SEC filings. Check original filings before making any investment decision.