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Security Profile
- Security Type
- Real Estate Investment Trust (REIT)
- CUSIP
- 81761L201 (prev. 44106M102 )
- Market Cap
- Large Cap
- Previous Symbol
- HPT (changed 9/25/2019)
- Previous Name
- Hospitality Properties Trust
Business: Service Properties Trust is a real estate investment trust which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC’s properties are primarily operated under long-term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
Notes: June 25, 2026 --Service Properties Trust today announced that its Board of Trustees has approved a five-for-one reverse split of SVC’s issued and outstanding common shares. The reverse split is anticipated to become effective after the close of trading on or about July 6, 2026, subject to the completion of regulatory approvals and processes. As of the effective time of the reverse share split, each five shares of SVC’s issued and outstanding common shares will be reclassified into one common share. As a result of the reverse share split, the number of outstanding common shares will be reduced from approximately 647.7 million shares to approximately 129.5 million shares.he company’s common shares will continue to trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “SVC”, but with a new CUSIP number of 81761L201. <p>September 20, 2019 -- Hospitality Properties Trust (Nasdaq: HPT) today announced that it has completed its acquisition of a net lease service retail portfolio from Spirit MTA REIT (NYSE: SMTA) for $2.4 billion in cash, excluding transaction costs. In addition to the $2.4 billion purchase price, HPT paid $82.1 million of prepayment penalties related to SMTA’s extinguishment of the existing mortgage debt on the portfolio. In connection with the completion of the transaction, HPT will change its name to “Service Properties Trust”. HPT’s common shares will continue to be listed for trading on the Nasdaq, but under the new ticker symbol “SVC” beginning as of the opening of trading on September 25, 2019.<p> June 20, 2016 -- The RMR Group Inc. (RMR) today announced that the listings of the common shares, preferred shares, notes and senior notes of the real estate investment trusts and real estate operating companies it manages will transfer to the Nasdaq Stock Market from the New York Stock Exchange. The transfer includes securities issued by Five Star Quality Care, Inc. (FVE), Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR), Senior Housing Properties Trust (SNH) and TravelCenters of America LLC (TA). The securities are expected to begin trading on the Nasdaq on Friday, July 1, 2016. The ticker symbols for the issues and sub-issues will be as follows:
Five Star Quality Care, Inc.
Common = FVE
Government Properties Income Trust
Common = GOV
5.875% Senior Notes due 2046 = GOVNI (GOVN)
Hospitality Properties Trust
Common = HPT
Preferred = HPTRP (HPT-PD)
Select Income REIT
Common = SIR
Senior Housing Properties Trust
Common = SNH
5.625% Senior Notes due 2042 = SNHNI (SNHN)
6.250% Senior Notes due 2046 = SNHNL (SNHO)
TravelCenters of America LLC
Common = TA
8.25% Senior Notes due 2028 = TANNI (TANN)
8.00% Senior Notes due 2029 = TANNL (TANO)
8.00% Senior Notes due 2030 = TANNZ (TANP) </p> April 15, 2010 -- Hospitality Properties Trust today announced a regular quarterly dividend of $0.45 per common share ($1.80 per share per year). This regular quarterly dividend will be paid to common shareholders of record as of the close of business on April 30, 2010 and distributed on or about May 25, 2010. <p> April 8, 2009 -- Hospitality Properties Trust today announced that it has suspended its regular quarterly distributions to common shareholders for the remainder of 2009. The suspension of common share distributions is the result of current conditions in the capital markets. HPT currently expects that it will realize substantial net income for financial reporting purposes in 2009, and HPT expects that its distributions to its common shareholders in 2009 will be at least equal to the minimum amounts required in order for HPT to remain a real estate investment trust, or REIT, for federal tax purposes. However, the severe current limitations on the availability of capital to meet HPT’s obligations which are senior to the interests of HPT common shareholders, including debt maturities in 2010-12, have caused HPT to suspend payment of common share distributions at this time. Simultaneously with the foregoing announcement, HPT announced that it will pay its regular quarterly distributions on its outstanding Series C Cumulative Redeemable Preferred Shares of $0.4375/share. These preferred shares distributions will be paid on or about May 15, 2009, to shareholders of record on May 1, 2009. HPT currently expects to continue to pay regular quarterly distributions to its preferred shareholders in cash at current rates.
Company Contact
- CEO
- Chris Bilotto
- CFO
- Brian Donley
- Headquarters
- Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts
- Phone
- 617-964-8389
- Fax
- 617-969-5730
- Investor Relations
- Kristin Brown · 617-796-8232 · IR@svcreit.com