$SVC
Service Properties Trust

2022 Q3 Form 10-Q Financial Statement

#000094539422000051 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $498.3M $515.8M $393.8M
YoY Change 13.99% 37.2% 50.77%
Cost Of Revenue $318.3M $325.2M $290.3M
YoY Change 11.58% 33.72% 35.04%
Gross Profit $180.0M $190.6M $103.4M
YoY Change 18.52% 43.56% 123.85%
Gross Profit Margin 36.12% 36.95% 26.26%
Selling, General & Admin $11.29M $12.67M $11.99M
YoY Change -20.65% -9.22% -5.6%
% of Gross Profit 6.27% 6.65% 11.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.5M $100.5M $104.1M
YoY Change -18.24% -17.39% -16.29%
% of Gross Profit 56.4% 52.74% 100.67%
Operating Expenses $116.3M $116.4M $118.4M
YoY Change -18.56% -16.6% -15.69%
Operating Profit $63.67M $74.22M -$14.95M
YoY Change 604.67% -1194.68% -84.13%
Interest Expense $81.74M $89.82M $92.34M
YoY Change -11.59% -1.71% 3.3%
% of Operating Profit 128.39% 121.02%
Other Income/Expense, Net
YoY Change
Pretax Income $5.089M $9.630M -$118.4M
YoY Change -108.22% -110.51% -38.1%
Income Tax $390.0K $473.0K $695.0K
% Of Pretax Income 7.66% 4.91%
Net Earnings $7.500M $11.35M -$119.8M
YoY Change -112.56% -112.46% -38.55%
Net Earnings / Revenue 1.51% 2.2% -30.43%
Basic Earnings Per Share $0.05 $0.07 -$0.73
Diluted Earnings Per Share $0.05 $0.07 -$0.73
COMMON SHARES
Basic Shares Outstanding 165.1M shares 164.7M shares 164.7M shares
Diluted Shares Outstanding 164.7M shares 164.7M shares 164.7M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.25M $635.2M $969.6M
YoY Change -92.63% -30.6% 10.88%
Cash & Equivalents $67.25M $635.2M $969.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $58.29M $59.20M $44.43M
Other Receivables $0.00 $29.78M $28.25M
Total Short-Term Assets $156.7M $724.2M $1.042B
YoY Change -84.08% -26.67% 10.32%
LONG-TERM ASSETS
Property, Plant & Equipment $6.643B $6.800B $6.878B
YoY Change -12.91% -11.9% -11.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $113.2M $109.7M $61.97M
YoY Change 344.79% 331.09%
Other Assets $153.9M $132.9M $455.1M
YoY Change 2768.44% 2293.5% 2307.74%
Total Long-Term Assets $7.476B $7.607B $7.975B
YoY Change -10.47% -9.74% -6.94%
TOTAL ASSETS
Total Short-Term Assets $156.7M $724.2M $1.042B
Total Long-Term Assets $7.476B $7.607B $7.975B
Total Assets $7.633B $8.332B $9.017B
YoY Change -18.23% -11.51% -5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.2M $437.0M $436.5M
YoY Change -1.83% -5.92% -8.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $433.2M $437.0M $436.5M
YoY Change -1.83% -5.92% -8.02%
LONG-TERM LIABILITIES
Long-Term Debt $5.748B $6.450B $7.146B
YoY Change -19.5% -9.63% 0.18%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.748B $6.450B $7.146B
YoY Change -19.5% -9.63% 0.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $433.2M $437.0M $436.5M
Total Long-Term Liabilities $5.748B $6.450B $7.146B
Total Liabilities $6.181B $6.887B $7.583B
YoY Change -18.47% -9.4% -0.33%
SHAREHOLDERS EQUITY
Retained Earnings $2.535B $2.527B $2.516B
YoY Change -10.58% -12.68% -15.73%
Common Stock $1.654M $1.651M $1.651M
YoY Change 0.18% 0.12% 0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.452B $1.445B $1.434B
YoY Change
Total Liabilities & Shareholders Equity $7.633B $8.332B $9.017B
YoY Change -18.23% -11.51% -5.23%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $7.500M $11.35M -$119.8M
YoY Change -112.56% -112.46% -38.55%
Depreciation, Depletion And Amortization $101.5M $100.5M $104.1M
YoY Change -18.24% -17.39% -16.29%
Cash From Operating Activities $87.82M $71.28M -$11.98M
YoY Change 295.43% 71.78% -80.9%
INVESTING ACTIVITIES
Capital Expenditures -$30.46M -$14.54M -$26.56M
YoY Change 38.16% -28.89% -9.96%
Acquisitions
YoY Change
Other Investing Activities $28.10M $375.0M $65.43M
YoY Change -31671.91% 1460.83% -266.49%
Cash From Investing Activities -$2.358M $360.5M $38.87M
YoY Change -89.35% 9963.32% -156.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -707.4M -704.2M -$1.733M
YoY Change 28084.34% 8694.99% -100.19%
NET CHANGE
Cash From Operating Activities 87.82M 71.28M -$11.98M
Cash From Investing Activities -2.358M 360.5M $38.87M
Cash From Financing Activities -707.4M -704.2M -$1.733M
Net Change In Cash -622.0M -272.5M $25.15M
YoY Change 25432.35% -835.03% -96.81%
FREE CASH FLOW
Cash From Operating Activities $87.82M $71.28M -$11.98M
Capital Expenditures -$30.46M -$14.54M -$26.56M
Free Cash Flow $118.3M $85.82M $14.58M
YoY Change 167.27% 38.55% -143.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000945394
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
CY2021Q2 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
CY2022Q2 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
CY2022Q2 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
dei Entity Address City Or Town
EntityAddressCityOrTown
Newton
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
CY2021Q2 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/srt/2022#HotelMember
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-11527
dei Entity Registrant Name
EntityRegistrantName
SERVICE PROPERTIES TRUST
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-3262075
dei Entity Address Address Line1
EntityAddressAddressLine1
Two Newton Place
dei Entity Address Address Line2
EntityAddressAddressLine2
255 Washington Street
dei Entity Address Address Line3
EntityAddressAddressLine3
Suite 300
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02458-1634
dei City Area Code
CityAreaCode
617
dei Local Phone Number
LocalPhoneNumber
964-8389
dei Security12b Title
Security12bTitle
Common Shares of Beneficial Interest
dei Trading Symbol
TradingSymbol
SVC
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
165138455 shares
CY2022Q2 us-gaap Land
Land
1918840000 usd
CY2021Q4 us-gaap Land
Land
1918385000 usd
CY2022Q2 svc Investment Building Improvements And Equipment
InvestmentBuildingImprovementsAndEquipment
7771855000 usd
CY2021Q4 svc Investment Building Improvements And Equipment
InvestmentBuildingImprovementsAndEquipment
8307248000 usd
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9690695000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10225633000 usd
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6799641000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
40840000 usd
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2891054000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
3281659000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6943974000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
267904000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
283241000 usd
CY2022Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
68034000 usd
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
515518000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
635204000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
944043000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
64901000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
3375000 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
109682000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
62687000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
61159000 usd
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
59204000 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
48168000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
286149000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
291150000 usd
CY2022Q2 us-gaap Assets
Assets
8331559000 usd
CY2021Q4 us-gaap Assets
Assets
9153315000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
800000000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
1000000000 usd
CY2022Q2 us-gaap Senior Notes
SeniorNotes
5649650000 usd
CY2021Q4 us-gaap Senior Notes
SeniorNotes
6143022000 usd
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
425118000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
433448000 usd
CY2022Q2 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
11919000 usd
CY2021Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
21539000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
6886687000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
7598009000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
165138455 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
165138455 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
165092333 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
165092333 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
1651000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
1651000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4553848000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4552558000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
829000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
779000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2527188000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2635660000 usd
CY2022Q2 svc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
5638644000 usd
CY2021Q4 svc Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
5635342000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1444872000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1555306000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8331559000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9153315000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
418984000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280135000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
716390000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449088000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
96793000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
95801000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
193151000 usd
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.94
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
188018000 usd
CY2022Q2 us-gaap Revenues
Revenues
515777000 usd
CY2021Q2 us-gaap Revenues
Revenues
375936000 usd
us-gaap Revenues
Revenues
909541000 usd
us-gaap Revenues
Revenues
637106000 usd
CY2022Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
325194000 usd
CY2021Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
243183000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
615537000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
438536000 usd
CY2022Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3179000 usd
CY2021Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4376000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5650000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8109000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100520000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
121677000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
204633000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
246045000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12665000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13480000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24452000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25821000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
743000 usd
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6151000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1920000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
25785000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3048000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
899000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8548000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2110000 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
445349000 usd
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
389766000 usd
us-gaap Costs And Expenses
CostsAndExpenses
860740000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
us-gaap Costs And Expenses
CostsAndExpenses
746406000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
38851000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10849000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
44399000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10840000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-10059000 usd
CY2021Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2500000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-20319000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-3981000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1021000 usd
CY2021Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
225000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
1294000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
282000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5021000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4891000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10934000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9247000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
89820000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
91378000 usd
us-gaap Interest Expense
InterestExpense
182164000 usd
us-gaap Interest Expense
InterestExpense
180769000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-791000 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-791000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9630000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-91634000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-108780000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-282928000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
473000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1168000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1064000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2193000 usd
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
735000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1476000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2108000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11350000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-91110000 usd
us-gaap Net Income Loss
NetIncomeLoss
-108472000 usd
us-gaap Net Income Loss
NetIncomeLoss
-286100000 usd
CY2022Q2 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
46000 usd
CY2021Q2 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
0 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
50000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
50000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
1176000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11396000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-91110000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-108422000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-286100000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164677000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164677000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164506000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164506000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164672000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164672000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164502000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164502000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.74
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1555306000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-119822000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-119822000 usd
CY2022Q1 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
4000 usd
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
462000 usd
CY2022Q1 us-gaap Dividends
Dividends
1651000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1434299000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11350000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11350000 usd
CY2022Q2 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
46000 usd
CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
836000 usd
CY2022Q2 svc Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
8000 usd
CY2022Q2 us-gaap Dividends
Dividends
1651000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1444872000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2102790000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-194990000 usd
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
380000 usd
CY2021Q1 us-gaap Dividends
Dividends
1648000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1906532000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-91110000 usd
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1067000 usd
CY2021Q2 svc Stock Repurchased And Forfeitured During Period Value
StockRepurchasedAndForfeituredDuringPeriodValue
190000 usd
CY2021Q2 us-gaap Dividends
Dividends
1648000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1814651000 usd
us-gaap Net Income Loss
NetIncomeLoss
-108472000 usd
us-gaap Net Income Loss
NetIncomeLoss
-286100000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
204633000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
246045000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10934000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9247000 usd
us-gaap Straight Line Rent
StraightLineRent
-3685000 usd
us-gaap Straight Line Rent
StraightLineRent
-2181000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-791000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8548000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2110000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-20319000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-3981000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1476000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2108000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
44399000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10840000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1305000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1363000 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
17621000 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
628000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3148000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-17588000 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:10pt;margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Note 9. Business and Property Management Agreements with RMR</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have no employees. The personnel and various services we require to operate our business are provided to us by RMR. We have two agreements with RMR to provide management services to us: (1) a business management agreement, which relates to our business generally, and (2) a property management agreement, which relates to our property level operations of our net lease portfolio, excluding properties leased to TA, the office building component of one of our hotels and major renovation or repositioning activities at our hotels that we may request RMR to manage from time to time.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We recognized net business management fees payable to RMR of $9,305 and $10,743 for the three months ended June 30, 2022 and 2021, respectively, and $19,183 and $21,042 for the six months ended June 30, 2022 and 2021, respectively. Based on our common share total return, as defined in our business management agreement, as of each of June 30, 2022 and 2021, no incentive fees are included in the net business management fees we recognized for the three and six months ended June 30, 2022 or 2021. The actual amount of annual incentive fees for 2022, if any, will be based on our common share total return, as defined in our business management agreement, for the three-year period ending December 31, 2022, and will be payable in January 2023. We did not incur an incentive fee payable to RMR for the year ended December 31, 2021. We include business management fee amounts in general and administrative expenses in our condensed consolidated statements of comprehensive income (loss). </span></div><div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We and RMR amended our business management agreement effective August 1, 2021 to provide that (i) for periods beginning on and after August 1, 2021, the MSCI U.S. REIT/Hotel &amp; Resort REIT Index will be used to calculate benchmark returns per share for purposes of determining any incentive management fee payable by us to RMR, and (ii) for periods prior to August 1, 2021, the SNL U.S. REIT Hotel Index will continue to be used. This change of index was due to S&amp;P Global, Inc. ceasing to publish the SNL U.S. REIT Hotel Index.</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We recognized property management and construction supervision fees payable to RMR of $1,235 and $1,077 for the three months ended June 30, 2022 and 2021, respectively, and $2,898 and $1,881 for the six months ended June 30, 2022 and 2021, respectively. Of those amounts, for the three months ended June 30, 2022 and 2021, $1,014 and $875, respectively, of property management fees were expensed to other operating expenses in our condensed consolidated statements of comprehensive income (loss) and $221 and $202, respectively, of construction and supervision fees were capitalized for the three months ended June 30, 2022 and 2021. The amounts capitalized are included in building, improvements and equipment in our condensed consolidated balance sheets. For the six months ended June 30, 2022 and 2021, $2,032 and $1,678, respectively, of property management fees were expensed to other operating expenses in our condensed consolidated statements of comprehensive income (loss) and $867 and $203, respectively, of construction and supervision fees were capitalized and included in building, improvements and equipment in our condensed consolidated balance sheets. The amounts capitalized are being depreciated over the estimated useful lives of the related capital assets. </span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are generally responsible for all our operating expenses, including certain expenses incurred or arranged by RMR on our behalf. We are generally not responsible for payment of RMR’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR employees assigned to work exclusively or partly at our net lease properties, our share of the wages, benefits and other related costs of RMR's centralized accounting personnel, our share of RMR’s costs for providing our internal audit function, and as otherwise agreed. We reimbursed RMR $685 and $734 for these expenses and costs for the three months ended June 30, 2022 and 2021, respectively, and $1,439 and $1,478 for the six months ended June 30, 2022 and 2021, respectively. We included these amounts in other operating expenses and selling, general and administrative expenses, as applicable, in our condensed consolidated statements of comprehensive income (loss).</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 22, 2021, we and RMR amended our property management agreement to, among other things, provide for RMR's oversight of any major capital projects and repositioning activities at our hotels, including our hotels that are managed by Sonesta, as we may request from time to time. RMR will receive the same fee previously paid to Sonesta for these services, which is equal to 3% of the cost of any such major capital project or repositioning activity.</span></div>
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4530000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-245000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-14958000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-5290000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59297000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21206000 usd
svc Payments To Acquire Real Estate Net Of Deposits
PaymentsToAcquireRealEstateNetOfDeposits
0 usd
svc Payments To Acquire Real Estate Net Of Deposits
PaymentsToAcquireRealEstateNetOfDeposits
7649000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
41098000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
42295000 usd
svc Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
2459000 usd
svc Property Managers Purchases With Restricted Cash
PropertyManagersPurchasesWithRestrictedCash
22959000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
488365000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
33128000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
45470000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
25443000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
399338000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65218000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
500000000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
984027000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
62451000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2642000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6497000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
190000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3302000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3296000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-705948000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
911593000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-247313000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
825169000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
947418000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91456000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
700105000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
916625000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
635204000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
915330000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
64901000 usd
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
1295000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
700105000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
916625000 usd
us-gaap Interest Paid Net
InterestPaidNet
180893000 usd
us-gaap Interest Paid Net
InterestPaidNet
170903000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1515000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1957000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6189000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9500000 usd
CY2022Q2 svc Ownership Percentage Held In Subsidiary
OwnershipPercentageHeldInSubsidiary
1
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in our condensed consolidated financial statements include the allowance for credit losses, purchase price allocations, useful lives of fixed assets, impairment of real estate and related intangibles.
CY2022Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-1712000 usd
CY2021Q2 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-299000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-3685000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-2181000 usd
CY2022Q2 svc Straight Line Rent Receivables
StraightLineRentReceivables
29781000 usd
CY2021Q4 svc Straight Line Rent Receivables
StraightLineRentReceivables
26881000 usd
CY2022Q2 svc Real Estate Investment Property And Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyAndRealEstateHeldForSaleAtCost
9758729000 usd
CY2022Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
68034000 usd
CY2022Q2 svc Number Of Management Agreements Or Leases
NumberOfManagementAgreementsOrLeases
6 agreement
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
5960000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
800000000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1651000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1651000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3302000 usd
CY2022Q2 svc Number Of New Trustees
NumberOfNewTrustees
7 trustee
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
478 shares
CY2022Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
473000 usd
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
255000 usd
CY2022Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
218000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211000 usd
CY2021Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
141000 usd
CY2021Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
70000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1168000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
835000 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
333000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1064000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
894000 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
170000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
418984000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
96793000 usd
CY2022Q2 us-gaap Revenues
Revenues
515777000 usd
CY2022Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
325194000 usd
CY2022Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3179000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100520000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12665000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
743000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3048000 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
445349000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
38851000 usd
CY2022Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-10059000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1021000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
89820000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-791000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9630000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
473000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2193000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
11350000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
716390000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
193151000 usd
us-gaap Revenues
Revenues
909541000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
615537000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5650000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
204633000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24452000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1920000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8548000 usd
us-gaap Costs And Expenses
CostsAndExpenses
860740000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
44399000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-20319000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
1294000 usd
us-gaap Interest Expense
InterestExpense
182164000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-791000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-108780000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1168000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1476000 usd
us-gaap Net Income Loss
NetIncomeLoss
-108472000 usd
CY2022Q2 us-gaap Assets
Assets
8331559000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280135000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
95801000 usd
CY2021Q2 us-gaap Revenues
Revenues
375936000 usd
CY2021Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
243183000 usd
CY2021Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4376000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
121677000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13480000 usd
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6151000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
899000 usd
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
389766000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10849000 usd
CY2021Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2500000 usd
CY2021Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
225000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
91378000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-91634000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211000 usd
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
735000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-91110000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449088000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
188018000 usd
us-gaap Revenues
Revenues
637106000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
438536000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8109000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
246045000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25821000 usd
us-gaap Acquisition Costs
AcquisitionCosts
0 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
25785000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2110000 usd
us-gaap Costs And Expenses
CostsAndExpenses
746406000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10840000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-3981000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
282000 usd
us-gaap Interest Expense
InterestExpense
180769000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-282928000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1064000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2108000 usd
us-gaap Net Income Loss
NetIncomeLoss
-286100000 usd
CY2021Q4 us-gaap Assets
Assets
9153315000 usd

Files In Submission

Name View Source Status
0000945394-22-000051-index-headers.html Edgar Link pending
0000945394-22-000051-index.html Edgar Link pending
0000945394-22-000051.txt Edgar Link pending
0000945394-22-000051-xbrl.zip Edgar Link pending
exhibit_31106302022.htm Edgar Link pending
exhibit_31206302022.htm Edgar Link pending
exhibit_31306302022.htm Edgar Link pending
exhibit_31406302022.htm Edgar Link pending
exhibit_32106302022.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
q22022-exhibit103.htm Edgar Link pending
q22022-exhibit104.htm Edgar Link pending
q22022-exhibit104schedule.htm Edgar Link pending
q22022-exhibit105.htm Edgar Link pending
q22022-exhibit221.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
svc-20220630.htm Edgar Link pending
svc-20220630.xsd Edgar Link pending
svc-20220630_cal.xml Edgar Link unprocessable
svc-20220630_def.xml Edgar Link unprocessable
svc-20220630_htm.xml Edgar Link completed
svc-20220630_lab.xml Edgar Link unprocessable
svc-20220630_pre.xml Edgar Link unprocessable