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Service Properties Trust

SVC on Nasdaq. Service Properties Trust rents retail properties and hotels to tenants and hotel operators. Market value $826m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

The company doesn't report operating profit, so we work it out from pre-tax profit and interest.

Recent profit includes a big one-time charge, so we price the company excluding that charge.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Real estate stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-8.4%low

For every $100 of what the whole company costs, it produced $-8.36 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026, without the one-off
48.9×full

You pay 48.9 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 52 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$6.49 a share, 15% above its 1-year low

Over the past year the price has ranged from $5.65 to $12.70.

Dividend: 0.8% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.0
0.1
0.3
-0.2
-0.1
-0.1
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: a shortfall of $70 million in the past 12 months, a shortfall of $107 million in the year to December 2025.

Revenue
$1.5bn$1.9bn$1.9bn$1.9bn$1.8bn
Operating margin
-12.0%11.1%17.9%20.2%11.1%
Debt to equity
n/an/a4.596.858.52
Shares outstanding
0.17bn0.17bn0.17bn0.17bn0.13bn

Health checks

  • Free cash flow positive2 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)4 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt8.52× equity
  • Revenue growth, five yearsSlow, 7.5% a year
  • Buying back its own sharesYes, 22% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $421 million last quarter, down 16% on a year ago.
  • A loss of $224 million, compared with a loss of $38 million a year ago.
  • Over the past 12 months it spent $70 million more cash than it brought in, compared with $135 million a year earlier.
  • 286% more shares than a year ago. Each share owns a bit less of the company.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$491m
December 2024$457m
March 2025$435m
June 2025$503m
September 2025$479m
December 2025$397m
March 2026$364m
June 2026$421m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$47m
December 2024-$76m
March 2025-$116m
June 2025-$38m
September 2025-$47m
December 2025-$782,000
March 2026-$151m
June 2026-$224m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

2 long-term investors we follow own it, up from 1 last quarter. 224 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

7 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 5 insiders bought $50m of shares on the open market. 3 sold $399,166.

  • FRAICHE DONNA D.
    Director
    Bought
    Date
    2 April 2026
    Shares
    83,333
    Price
    $1.20
    Value
    $100,000
  • Penkar Rajan
    Director
    Bought
    Date
    2 April 2026
    Shares
    10,000
    Price
    $1.20
    Value
    $12,000
  • Donley Brian E.
    CFO and Treasurer
    Bought
    Date
    2 April 2026
    Shares
    55,000
    Price
    $1.20
    Value
    $66,000
  • Bilotto Christopher J.
    President and CEO, Director
    Bought
    Date
    2 April 2026
    Shares
    100,000
    Price
    $1.20
    Value
    $120,000
  • PORTNOY ADAM D.
    Director
    Bought
    Date
    2 April 2026
    Shares
    41,666,666
    Price
    $1.20
    Value
    $50m
  • Burns Laurie B.
    Director
    Sold
    Date
    27 February 2026
    Shares
    87,680
    Price
    $2.32
    Value
    $203,418
  • LAMKIN WILLIAM A.
    Director
    Sold
    Date
    15 December 2025
    Shares
    101,180
    Price
    $1.88
    Value
    $190,218
  • Donley Brian E.
    CFO and Treasurer
    Sold
    Date
    19 November 2025
    Shares
    3,500
    Price
    $1.58
    Value
    $5,530

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It carries a lot of debt: 8.5× its equity.
  • It isn't cheap on profits: 48.9× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.