# Service Properties Trust (SVC)

> Source: Nexqual · https://nexqual.com/SVC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Service Properties Trust (SVC), nexqual.com/SVC" · informational, not investment advice.

**Price:** USD 6.22 (+1.97% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 6.1 · day 6.08–6.28 · 52w 5.65–12.15 · market cap $806M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.66B, net income -$423M (-25.4% margin), free cash flow -$70.2M (SEC filings).
- 1 of 80 tracked superinvestors hold SVC (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $112K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.20 on a 1–5 scale) (5 analysts), mean target USD 12.19 (range 9–17.5).
- Total return with dividends: 1Y -46.2% vs S&P 500 +14.9%; 5Y -85.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD -0.31, revenue estimate $391M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.50B | $1.86B | $1.87B | $1.90B | $1.81B | $1.66B |
| Net income | -$545M | -$132M | -$32.8M | -$276M | -$202M | -$423M |
| EPS (diluted) | -$16.55 | -$4.00 | -$1.00 | -$8.35 | -$6.10 | — |
| Free cash flow | -$45.1M | $139M | $285M | -$164M | -$107M | -$70.2M |
| Net margin | -36.4% | -7.1% | -1.7% | -14.5% | -11.1% | -25.4% |
| Revenue growth | +18.2% | +24.6% | +0.6% | +1.2% | -4.3% | — |
| Cash + short-term investments | $944M | $38.4M | $180M | $143M | $347M | — |
| Total debt | — | — | $5.63B | $5.83B | $5.50B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.5x · P/B 1.0x · FCF yield -8.72% · Earnings yield -52.48% · Dividend yield (paid, TTM) 1.43% · Buyback yield (TTM) 0.08%

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SVC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 0.09% | $3.4M | New position |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $112K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-04-02 | Fraiche Donna D. | Director | 83,333 | $100K | 1.2 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-02 | Penkar Rajan | Director | 10,000 | $12K | 1.2 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 5 analysts; mean target USD 12.19 (low 9, high 17.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-06-30 | Ladenburg Thalmann | Initiated | Buy | $2.25 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -46.2% | -85.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -46.3% | -31.8% |
| Volatility (annualized) | 59.7% | 55.0% |
| Max drawdown | -50.2% (Feb 2026→Apr 2026) | -86.7% (Nov 2021→Oct 2026) |

## Peers (REIT - Hotel & Motel)
INN (Summit Hotel Properties, Inc.) USD 7.03 -0.14% · CLDT (Chatham Lodging Trust (REIT)) USD 14.25 -0.56% · RLJ (RLJ Lodging Trust) USD 12.14 -1.30% · XHR (Xenia Hotels & Resorts, Inc.) USD 19.5 -0.66% · PEB (Pebblebrook Hotel Trust) USD 20.67 -2.04% · SHO (Sunstone Hotel Investors, Inc. ) USD 12.6 -0.08%

## More
Full page: https://nexqual.com/SVC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SVC's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/945394/000094539426000012/svc-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | TravelCenters of America | "Our TA leases are "triple net" leases that require TA to pay all costs incurred in the operation of the leased travel centers, including personnel, utility, inventory, customer service and insurance expenses, real estate…" |
| Partner | The RMR Group | "• Actual and potential conflicts of interest with our related parties, including our Managing Trustees, Sonesta, RMR and others affiliated with them," |
| Partner | InterContinental Hotels Group | "In December 2025, we exercised the option to extend the term of our management agreement with IHG for one hotel by up to one year to January 31, 2027." |
| Partner | Marriott International | "Transaction related costs in 2025 primarily consisted of costs related to the sale and renovation of certain hotels, partially offset by the recovery of a working capital reserve related to our former agreement with Marr…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Hotels | $320.1M | 100.0% | -20.9% |
| Total revenue | $320.1M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.31 | $-0.30 | +3.3% | $391.2M | 1 |
| Next quarter (ends 2026-12-31) | $-0.42 | $-0.40 | +5.0% | $375.6M | 1 |
| Current fiscal year (ends 2026-12-31) | $-6.06 | $-3.46 | +75.1% | $1.55B | 3 |
| Next fiscal year (ends 2027-12-31) | $-1.19 | $-1.15 | +3.5% | $1.56B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±22.5%; last 8 reports averaged ±5.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 79.1% | ±22.5% |
| 2026-12-18 | 56 | 88.6% | ±26.5% |
| 2027-03-19 | 147 | 72.2% | ±27.7% |