Service Properties Trust (SVC)
Owns service-focused retail net lease properties and hotels under external management.
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Owns service-focused retail net lease properties and hotels, with rental income from tenants and operating revenue from lodging assets. An external manager, The RMR Group, runs day-to-day operations, while the portfolio is being rebalanced away from hotels toward net lease real estate.
Owns two real estate buckets: service-focused retail net lease properties and hotels. Net lease assets include travel centers, restaurants, health and fitness, grocery, medical and dental, and automotive service properties; hotel brands include Sonesta, Hyatt, Radisson, and IHG-related flags.
Concentrates most assets in the United States, with hotel exposure extending to Canada and Puerto Rico. The current portfolio work is selling hotels and adding net lease properties, shifting the asset base from lodging toward service-oriented retail real estate.
Operates without employees through The RMR Group, which handles day-to-day management and investment activity. The business depends on tenant rent collections, hotel managers such as Sonesta, travel-center leases, and access to refinancing and asset-sale proceeds.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 8, 2026 | Odeon Capital Group LLC | Target | Target: — | Target: $3.50 |
| Sep 10, 2025 | Wells Fargo | Downgrade | ||
| Mar 19, 2025 | Wells Fargo | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.5M · Total debt $4.58B · Total assets $5.84B · Shareholders' equity $806.5M
- Revenue
- $421.0M
- Operating income
- −$127.5M
- Net income
- −$223.8M
HistoryDividendAnnual yield
| Institutions | 79.26% | 102.65M shares | |
|---|---|---|---|
| 216 holders · as of Jun 30, 2026 | |||
| Insiders | 0.03% | 32.4K shares | |
| 1 holder · as of Sep 11, 2025 | |||
| Other | 20.71% | 26.82M shares | |
| remainder | |||
129.51M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (129.51M in the company's Sep 22, 2026 report, 33.23M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.59% | 55.60M | as of Jun 30, 2026 |
Helix Partners Management LPInstitution | 8.45% | 54.70M | as of Jun 30, 2026 |
Flat Footed LLCInstitution | 7.88% | 51.01M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 5.43% | 35.19M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.07% | 32.80M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Realty Income
Large-scale net-lease capital for service-oriented retail real estate
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- NNN REIT
Single-tenant net-lease peer in automotive, convenience, and restaurants
- RLJ
Urban-focused lodging REIT with rooms-oriented premium-brand hotels
- Agree Realty
Retail net-lease acquirer across grocery, auto, convenience, and QSR
- Getty Realty
Convenience and automotive net-lease peer tied to mobility sites
- Host Hotels & Resorts
Largest lodging REIT competing for upscale hotel assets and capital
- Essential Properties Realty Trust
Middle-market net-lease sale-leaseback peer in service businesses
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Service Properties Trust | $6.75 | +1.42% | $221.3M | — | — | 0.1 | −16.4% |
| Realty Income | $56.59 | −0.11% | $52.83B | 41.4 | 35.1 | 8.9 | +1.1% |
| Apple Hospitality REIT | $15.86 | +1.12% | $3.70B | 21.2 | 21.5 | 2.6 | +4.7% |
| NNN REIT | $41.59 | −0.11% | $7.92B | 20.4 | 19.8 | 8.3 | +7.2% |
| RLJ | $11.04 | +0.87% | $1.66B | 267.5 | 294.1 | 1.2 | +5.5% |
| Agree Realty | $67.53 | −0.14% | $8.12B | 36.4 | 34.8 | 10.4 | +16.9% |
| Getty Realty | $29.52 | +0.17% | $1.83B | 17.8 | 21.3 | 7.8 | +11.9% |
| Host Hotels & Resorts | $22.29 | −0.07% | $15.28B | 15.2 | 22.1 | 2.5 | +3.4% |
| Essential Properties Realty Trust | $27.22 | +1.72% | $5.79B | 20.7 | 21.3 | 8.7 | +10.3% |
| Median | 21.0 | 21.8 | 8.1 | +6.3% |










