NASDAQ$SVC
Service Properties Trust · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Service Properties Trust Q4 2025 Earnings Report
Service Properties Trust reported a net loss of $0.8 million for Q4 2025, a significant improvement from the $76.4 million loss in the prior year. The company made substantial progress in its portfolio optimization strategy, selling 66 hotels during the quarter for $533.9 million and using proceeds to aggressively deleverage its balance sheet.
- Sold 66 hotels in Q4 for $533.9 million, bringing total 2025 hotel sales to $858.8 million.
- Redeemed $450.0 million of 4.75% senior unsecured notes due 2026 using cash on hand and credit facility borrowings.
- Hotel RevPAR grew to $99.24, with remaining hotels outpacing industry benchmarks for the fifth consecutive quarter.
- Retail net lease portfolio remained stable with 96.6% occupancy and a 1.98x rent coverage ratio.
Headline financials
Revenue & EPS history
Service Properties Trust · Revenue · Quarterly
$397M
Revenue by segment
Service Properties Trust · $97.8M total across 1 segment · Q3 2022
- Rental Income$97.8M-0.9%100.0%
Forward guidance
SVC provided full year 2026 guidance reflecting continued portfolio transition and deleveraging efforts.
Tailwinds
- Expected Total RevPAR between $108.00 and $113.00.
- Projected Hotel EBITDA between $124.0 million and $144.0 million.
- Net Lease NOI expected to be stable between $380.0 million and $386.0 million.
- Planned net lease acquisitions of approximately $25.0 million.
- Priced $745.0 million of net lease mortgage notes at a 5.96% coupon in Feb 2026.
Headwinds
- Estimated displacement from hotel renovations of approximately $12.0 million.
- Interest expense projected at a mid-point of $377.5 million.
- Normalized FFO per share expected to be between $0.65 and $0.77.
- No hotel acquisitions planned for the full year 2026.
- Ongoing marketing of 16 hotels (3,177 keys) for disposition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.2%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.5%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+43.3%
Q3 2020
Best reaction
-19.2%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +3.9% | +1.3% | |
| Q4 2025 | +6.8% | +2.3% | -19.5% | |
| Q3 2025 | -6.5% | -17.4% | -17.0% | |
| Q1 2025 | -2.9% | +8.2% | +13.5% | |
| Q4 2024 | +9.0% | +9.8% | -1.1% | |
| Q3 2024 | +6.8% | +5.1% | -6.1% | |
| Q2 2024 | -4.7% | -8.1% | -9.3% | |
| Q1 2024 | -6.4% | -5.6% | -15.0% | |
| Q4 2023 | -9.0% | -12.9% | -9.2% | |
| Q3 2023 | -3.5% | -9.4% | -1.7% | |
| Q2 2023 | +5.7% | +4.4% | -2.9% | |
| Q1 2023 | -6.7% | -9.3% | +0.2% | |
| Q4 2022 | -1.9% | +2.5% | -12.4% | |
| Q3 2022 | -3.0% | -3.6% | +1.0% | |
| Q2 2022 | +9.5% | +11.4% | +0.6% | |
| Q1 2022 | -12.5% | -22.9% | -16.3% | |
| Q4 2021 | -1.3% | -5.8% | +0.2% | |
| Q3 2021 | +5.6% | +3.4% | -24.8% | |
| Q2 2021 | +11.3% | +7.9% | +5.5% | |
| Q1 2021 | -4.4% | -9.8% | +5.7% | |
| Q4 2020 | -3.2% | -5.0% | -4.3% | |
| Q3 2020 | +43.3% | +33.9% | +63.6% | |
| Q2 2020 | +15.1% | +15.6% | +20.8% | |
| Q1 2020 | -19.2% | -26.2% | +65.6% | |
| Q4 2019 | -2.5% | -6.1% | -62.5% | |
| Q3 2019 | -4.5% | -7.2% | -6.0% | |
| Q2 2019 | +2.0% | +1.9% | +2.7% | |
| Q1 2019 | -0.0% | +1.8% | -6.0% | |
| Q4 2018 | -1.1% | -1.1% | -3.9% | |
| Q3 2018 | +2.7% | +1.8% | +2.5% | |
| Q2 2018 | -0.2% | +1.2% | +2.3% | |
| Q1 2018 | +6.3% | +6.0% | +9.4% | |
| Q4 2017 | -4.2% | -4.2% | -0.4% | |
| Q3 2017 | +2.2% | +1.8% | +3.8% | |
| Q2 2017 | -5.0% | -3.8% | -4.4% | |
| Q1 2017 | -5.4% | -6.9% | -4.4% | |
| Q4 2016 | -1.4% | -2.5% | -0.8% | |
| Q3 2016 | -2.4% | +5.3% | +12.2% | |
| Q2 2016 | -0.8% | -0.7% | -4.3% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | +0.8% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | +3.3% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +2.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -3.3% | — | — | |
| Q2 2012 | -5.3% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | -6.2% | — | — | |
| Q2 2011 | +8.2% | — | — | |
| Q1 2010 | +4.8% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2008 | -6.1% | — | — | |
| Q3 2009 | -7.9% | — | — | |
| Q3 2010 | -7.9% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q2 2009 | +2.5% | — | — |
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