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NASDAQ NMS - GLOBAL MARKET · Real Estate · CIK 0000945394
$6.10
+2.18% · delayed ~15 min
Last price from Oct 21, 2026
$1.03B market value
From Service Properties Trust's FY2025 10-K, filed Feb 25, 2026 · read the filing
Service Properties Trust owns income-producing property as a REIT. It took in $1.41B last year, which makes it a mid-sized company. It spends more than it earns — losing about 14 cents on every dollar of sales.
The financial picture is mixed, with debt needing attention and profitability and growth weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Several areas of financial weakness.
From Service Properties Trust's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Cash
$143.5M → $346.8M
Dividends paid
$101.2M → $6.7M
Gross profit
$222.6M → $186.9M
Profit
-$275.5M → -$202.3M
Measured against FY2024, from the 10-K filed Feb 25, 2026
Improved: +141.7%
$143.5M to $346.8MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: -93.4%
$101.2M to $6.7MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
How the latest move compares (quote delayed ~15 min), and what was published around it
SVC rose 2.18% on the latest quote. The average Real Estate company tracked here moved +1.90%, and the S&P 500 −1.04%. That is in line with its sector and 3.2 points above the market.
No filing from SVC and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 9 analysts covering this company, as of . Their views, not this site's.
Of 9 analysts publishing on this company, 2 say strong buy, 4 say buy and 3 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $202.3M last year, losing about 14 cents on every dollar of sales.
No. Sales shrank 5.6% last year.
For every $1 it owes, it owns $1.11 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It paid out 6% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it lost $202.3M and generated $117.8M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 25, 2026Filing for FY2025 | FY202410-K · Feb 25, 2026Filing for FY2024 | FY202310-K · Feb 25, 2026Filing for FY2023 | FY202210-K · Feb 28, 2023Filing for FY2022 | FY202110-K · Feb 24, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $1.41B | $1.50B | $1.48B | $1.47B | $1.10B | −5.6% |
| Cost of revenue | $1.23B | $1.27B | $1.22B | $1.23B | $1.01B | −3.7% |
| Gross profit | $186.9M† | $222.6M† | $254.1M† | $240.0M† | $93.9M† | −16.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 13.2% | 14.9% | 17.2% | 16.4% | 8.5% | −1.6 pts |
| Selling, general and administrative | $40.7M | $40.2M | $45.4M | $44.4M | $53.4M | +1.1% |
| Interest expense | $413.6M | $383.8M | $336.3M | $341.8M | $365.7M | +7.8% |
| Income before tax | -$213.0M | $0.00 | $0.00 | -$135.4M | -$544.6M | n/m |
| Net income | -$202.3M | -$275.5M | -$32.8M | -$132.4M | -$544.6M | +26.6% |
| Net marginNet income ÷ revenueWhat is this? | -14.3% | -18.4% | -2.2% | -9.0% | -49.3% | +4.1 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-1.20 | $-1.65 | $-0.1977 | $-0.8001 | $-3.30 | +27.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 7,635 shares at $6.57 ($50.2K)
Holds 102,214 shares after this filing.
Had shares withheld to cover taxes — 4,010 shares at $6.57 ($26.3K)
Holds 65,834 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Completed an acquisition or disposal
Read the filingHad a director or senior officer leave or join
Read the filingWrite down why you are following Service Properties Trust, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 68 subsidiaries named in its 10-K, incorporated across 8 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from SVC's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 25, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 3.3 | 5/8 | 10-K, filed Feb 25, 2026 |
| FY2024 | 4.7 | 4/8 | 10-K, filed Feb 26, 2025 |
| FY2023 | 4.7 | 6/7 | 10-K, filed Feb 28, 2024 |
| FY2022 | 6.0 | 6/7 | 10-K, filed Feb 28, 2023 |
| FY2021 | 6.0 | 4/7 | 10-K, filed Feb 24, 2022 |
| FY2020 | 3.3 | 3/7 | 10-K, filed Mar 1, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -16.0%
$222.6M to $186.9MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: $73.2M narrower
-$275.5M to -$202.3MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +4.1 pts
-18.4% to -14.3%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: $57.2M narrower
-$164.2M to -$107.0MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $0.45 narrower
-$1.65 to -$1.20Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -25.9%
$303.6M to $224.8MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -5.6%
$1.50B to $1.41BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: −1.7 pts
14.9% to 13.2%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -5.6%
$5.83B to $5.50BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 5, 2026 — read it.
Deteriorated: $185.7M wider
-$38.2M to -$223.8MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −60.5 pts
-9.4% to -69.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $1.50 wider
-$0.23 to -$1.73Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -91.3%
$63.2M to $5.5MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -22.4%
166.9M to 129.5MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Deteriorated: -20.9%
$404.4M to $320.1MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -26.6%
$75.5M to $55.4MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.4 pts
18.7% to 17.3%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 5, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +152.7%
$21.9M to $55.4MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: $72.7M wider
-$151.2M to -$223.8MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.0 pts
8.3% to 17.3%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −12.8 pts
-57.1% to -69.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $0.83 wider
-$0.90 to -$1.73Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -71.4%
$19.3M to $5.5MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -22.9%
168.1M to 129.5MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Improved: +21.0%
$264.6M to $320.1MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.5% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Had shares withheld to cover taxes — 6,646 shares at $6.57 ($43.7K)
Holds 114,933 shares after this filing.
Was granted or awarded shares — 16,541 shares
Holds 16,541 shares after this filing.
Was granted or awarded shares — 36,390 shares
Holds 109,849 shares after this filing.
Was granted or awarded shares — 29,112 shares
Holds 69,844 shares after this filing.
Was granted or awarded shares — 36,390 shares
Holds 121,579 shares after this filing.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue -20.9% · Profit margin −60.5 pts · Profit $185.7M wider — against Q2 FY2025
Published results
Read the filingAmended its charter or changed its financial year
Read the filingHad a director or senior officer leave or join · Held a shareholder vote
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue -21.0% · Profit margin −22.4 pts · Cash -75.9% — against Q1 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Amended its charter or changed its financial year
Read the filingProxy statement for a shareholder meeting
Read the filingAttached financial statements or exhibits
Read the filingAnnual report for FY2025
Revenue -5.6% · Profit margin +4.1 pts · Cash +141.7% — against FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingCompleted an acquisition or disposal
Read the filingReported another event
Read the filingCompleted an acquisition or disposal
Read the filingCompleted an acquisition or disposal
Read the filingCompleted an acquisition or disposal · Made a Regulation FD disclosure
Read the filingThe first 40 of 68. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-25. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
Service Properties Trust Sells Three Hotels For $19M On October 15, 2026
Benzinga ·
A 29.4% Yield and a History of Cuts: 3 Dividend Stocks Worth a Closer Look
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TKO Hotels Calls on Service Properties Trust to Engage on $2.0 Billion All Cash Offer to Acquire Hospitality Portfolio
Yahoo ·
TKO Hotels Seeks Engagement From Service Properties Trust On The $2B All-Cash Offer For Its Hospitality Portfolio
Benzinga ·
Service Properties Trust Third Quarter 2026 Conference Call Scheduled for Thursday, November 5th
Yahoo ·
TKO Offers $2B for Service Properties Trust Hotel Portfolio
Yahoo ·
Sector Update: Financial Stocks Rise Monday Afternoon
Yahoo ·
Service Properties Trust Gets Surprise $2B Cash Bid For 93 Hotels
Yahoo ·
Service Properties (SVC) Surges 15.0%: Is This an Indication of Further Gains?
Yahoo ·
Dow Gains Over 200 Points; Chipotle Shares Move Lower
Benzinga ·
REITs Snap The Slide
SeekingAlpha ·
Service Properties Trust Confirms Receipt of Unsolicited Proposal for Hotel Portfolio From TKO Hotels
Yahoo ·
Primary sources and further research