$SVC
Service Properties Trust Stock $svc

$svc Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000094539423000071 Filed on November 06, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$444.1M	$496.8M
YoY Change	-2.45%	-0.29%
Cost Of Revenue	$297.5M	$317.8M
YoY Change	1.34%	-0.15%
Gross Profit	$146.6M	$179.1M
YoY Change	-9.34%	-0.49%
Gross Profit Margin	33.01%	36.05%
Selling, General & Admin	$11.22M	$10.80M
YoY Change	29.51%	-4.37%
% of Gross Profit	7.65%	6.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$94.95M	$94.50M
YoY Change	-0.01%	-6.91%
% of Gross Profit	64.79%	52.76%
Operating Expenses	$110.8M	$110.1M
YoY Change	2.9%	-5.35%
Operating Profit	$35.81M	$69.00M
YoY Change	-33.72%	8.38%
Interest Expense	-$80.88M	$82.28M
YoY Change	-8.18%	0.66%
% of Operating Profit	-225.87%	119.25%
Other Income/Expense, Net
YoY Change
Pretax Income	-$41.50M	-$8.234M
YoY Change	30.74%	-261.8%
Income Tax	-$723.0K	-$2.242M
% Of Pretax Income
Net Earnings	-$43.32M	-$4.128M
YoY Change	37.93%	-155.04%
Net Earnings / Revenue	-9.76%	-0.83%
Basic Earnings Per Share		-$0.03
Diluted Earnings Per Share	-$0.26	-$0.03
COMMON SHARES
Basic Shares Outstanding	165.8M shares	165.5M shares
Diluted Shares Outstanding		165.0M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$180.1M	$418.2M
YoY Change	369.44%	521.9%
Cash & Equivalents	$180.1M	$418.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$6.376M	$28.50M
Other Receivables	$56.83M	$49.00M
Total Short-Term Assets	$243.3M	$495.7M
YoY Change	130.32%	216.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.605B	$6.590B
YoY Change	0.21%	-0.81%
Goodwill
YoY Change
Intangibles	$130.6M
YoY Change	-48.24%
Long-Term Investments	$113.3M	$110.5M
YoY Change	0.61%	-2.33%
Other Assets	$28.21M	$30.90M
YoY Change	-78.12%	-79.92%
Total Long-Term Assets	$7.113B	$7.109B
YoY Change	-3.65%	-4.91%
TOTAL ASSETS
Total Short-Term Assets	$243.3M	$495.7M
Total Long-Term Assets	$7.113B	$7.109B
Total Assets	$7.356B	$7.604B
YoY Change	-1.76%	-0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$609.8M	$581.6M
YoY Change	37.37%	34.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$609.8M	$581.6M
YoY Change	37.37%	34.26%
LONG-TERM LIABILITIES
Long-Term Debt	$5.520B	$5.721B
YoY Change	-2.39%	-0.47%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$5.520B	$5.721B
YoY Change	-2.39%	-0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities	$609.8M	$581.6M
Total Long-Term Liabilities	$5.520B	$5.721B
Total Liabilities	$6.130B	$6.302B
YoY Change	0.5%	1.97%
SHAREHOLDERS EQUITY
Retained Earnings	$2.471B	$2.514B
YoY Change	-1.31%	-0.82%
Common Stock	$1.658M	$1.658M
YoY Change	0.18%	0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.226B	$1.302B
YoY Change
Total Liabilities & Shareholders Equity	$7.356B	$7.604B
YoY Change	-1.76%	-0.37%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	-$43.32M	-$4.128M
YoY Change	37.93%	-155.04%
Depreciation, Depletion And Amortization	$94.95M	$94.50M
YoY Change	-0.01%	-6.91%
Cash From Operating Activities	$83.59M	$73.50M
YoY Change	-12.94%	-16.3%
INVESTING ACTIVITIES
Capital Expenditures	$82.13M	$55.30M
YoY Change	135.63%	-281.57%
Acquisitions
YoY Change
Other Investing Activities	$1.589M	$2.400M
YoY Change	-95.48%	-91.46%
Cash From Investing Activities	-$80.54M	-$53.00M
YoY Change	-29602.93%	2147.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-240.7M	-35.50M
YoY Change	86.62%	-94.98%
NET CHANGE
Cash From Operating Activities	83.59M	73.50M
Cash From Investing Activities	-80.54M	-53.00M
Cash From Financing Activities	-240.7M	-35.50M
Net Change In Cash	-237.7M	-15.00M
YoY Change	626.53%	-97.59%
FREE CASH FLOW
Cash From Operating Activities	$83.59M	$73.50M
Capital Expenditures	$82.13M	$55.30M
Free Cash Flow	$1.459M	$18.20M
YoY Change	-97.61%	-84.61%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Revenue From Contract With Customer Product And Service Extensible List RevenueFromContractWithCustomerProductAndServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
	us-gaap	Revenue From Contract With Customer Product And Service Extensible List RevenueFromContractWithCustomerProductAndServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
	us-gaap	Type Of Cost Good Or Service Extensible List TypeOfCostGoodOrServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
CY2023Q3	us-gaap	Type Of Cost Good Or Service Extensible List TypeOfCostGoodOrServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	94498000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	101514000	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10849000	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11293000	usd
CY2023Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	115000	usd
CY2023Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	512000	usd
CY2022Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1172000	usd
CY2023Q3	us-gaap	Costs And Expenses CostsAndExpenses	428528000	usd
CY2022Q3	us-gaap	Costs And Expenses CostsAndExpenses	435756000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	123000	usd
CY2022Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-164000	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	0	usd
CY2023Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	5626000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	82280000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	81740000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2242000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	390000	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1864000	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2801000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4128000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	7500000	usd
CY2023Q3	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-245000	usd
CY2022Q3	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	684000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1388792000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	25950000	usd
CY2023Q1	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-214000	usd
CY2023Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	514000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	46000	usd
CY2023Q1	svc	Stock Forfeited During Period Values StockForfeitedDuringPeriodValues	1000	usd
CY2023Q1	us-gaap	Dividends Dividends	33090000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1381905000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-11278000	usd
CY2023Q2	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	215000	usd
CY2023Q2	svc	Stock Forfeited During Period Values StockForfeitedDuringPeriodValues	2000	usd
CY2023Q2	us-gaap	Dividends Dividends	33089000	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	0	usd
CY2022Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	53055000	usd
CY2023Q3	us-gaap	Other Receivables OtherReceivables	28497000	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	35033000	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	289104000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	277068000	usd
CY2023Q3	us-gaap	Assets Assets	7604311000	usd
CY2022Q4	us-gaap	Assets Assets	7488191000	usd
CY2023Q3	us-gaap	Senior Notes SeniorNotes	5164302000	usd
CY2022Q4	us-gaap	Senior Notes SeniorNotes	5655530000	usd
CY2023Q3	us-gaap	Secured Debt SecuredDebt	556447000	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	0	usd
CY2023Q3	us-gaap	Liabilities Liabilities	6302361000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	6099399000	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	165772040	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	165772040	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	1658000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	1655000	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4556991000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4554861000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2139000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2383000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2513823000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2503279000	usd
CY2023Q3	svc	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	5772661000	usd
CY2022Q4	svc	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	5673386000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	1301950000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1388792000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7604311000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7488191000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	101299000	usd
CY2022Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	97798000	usd
CY2023Q3	us-gaap	Revenues Revenues	496825000	usd
CY2022Q3	us-gaap	Revenues Revenues	498251000	usd
CY2023Q3	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	317752000	usd
CY2022Q3	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	318266000	usd
CY2023Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	4802000	usd
CY2022Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3511000	usd
CY2022Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	usd
CY2022Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	23056000	usd
CY2022Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	1442000	usd
CY2023Q3	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6608000	usd
CY2022Q3	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	4595000	usd
	us-gaap	Interest Expense InterestExpense	246363000	usd
	us-gaap	Interest Expense InterestExpense	263904000	usd
CY2023Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-8234000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	5089000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-245000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	684000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4373000	usd
CY2022Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	8184000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165027000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165027000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	164745000	shares
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1339075000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4128000	usd
CY2023Q3	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-245000	usd
CY2023Q3	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	1003000	usd
CY2023Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	601000	usd
CY2023Q3	svc	Stock Forfeited During Period Values StockForfeitedDuringPeriodValues	58000	usd
CY2023Q3	us-gaap	Dividends Dividends	33096000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	1301950000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1555306000	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
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	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	4000	usd
CY2022Q2	svc	Stock Forfeited During Period Values StockForfeitedDuringPeriodValues	4000	usd
CY2022Q2	us-gaap	Dividends Dividends	1651000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1444872000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	7500000	usd
CY2022Q3	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	684000	usd
CY2022Q3	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	976000	usd
CY2022Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	459000	usd
CY2022Q3	svc	Stock Forfeited During Period Values StockForfeitedDuringPeriodValues	4000	usd
CY2022Q3	us-gaap	Dividends Dividends	1651000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	1451918000	usd
	us-gaap	Net Income Loss NetIncomeLoss	10544000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-100972000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	289108000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	306147000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	18644000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	15529000	usd
	us-gaap	Straight Line Rent StraightLineRent	6867000	usd
	us-gaap	Straight Line Rent StraightLineRent	-5530000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-282000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-791000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	9517000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	9720000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	48837000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	2737000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1840000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4277000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41959000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	44235000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	897000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1635000	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	873000	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	19949000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-11743000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-4990000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	163155000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-13096000	usd
	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-3442000	usd
	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-8692000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	401958000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	147114000	usd
	svc	Payments To Acquire Real Estate Net Of Deposits PaymentsToAcquireRealEstateNetOfDeposits	165843000	usd
	svc	Payments To Acquire Real Estate Net Of Deposits PaymentsToAcquireRealEstateNetOfDeposits	2765000	usd
	us-gaap	Proceeds From Sale Of Investment Projects ProceedsFromSaleOfInvestmentProjects	101892000	usd
	us-gaap	Proceeds From Sale Of Investment Projects ProceedsFromSaleOfInvestmentProjects	0	usd
	us-gaap	Proceeds From Sale Of Intangible Assets ProceedsFromSaleOfIntangibleAssets	89400000	usd
	us-gaap	Proceeds From Sale Of Intangible Assets ProceedsFromSaleOfIntangibleAssets	0	usd
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	118785000	usd
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	68790000	usd
	svc	Property Managers Purchases With Restricted Cash PropertyManagersPurchasesWithRestrictedCash	3943000	usd
	svc	Property Managers Purchases With Restricted Cash PropertyManagersPurchasesWithRestrictedCash	3951000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	148245000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	517956000	usd
	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	0	usd
	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	45470000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	50966000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	396980000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	576946000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1142000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	500000000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	500000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	20000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	925000000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	38548000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2959000	usd
CY2023Q3	svc	Ownership Percentage Held In Subsidiary OwnershipPercentageHeldInSubsidiary	1
CY2023Q3	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	6548000	usd
CY2022Q3	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-1845000	usd
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	6867000	usd
	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-5530000	usd
CY2023Q3	svc	Straight Line Rent Receivables StraightLineRentReceivables	48986000	usd
CY2022Q4	svc	Straight Line Rent Receivables StraightLineRentReceivables	32247000	usd
CY2023Q3	svc	Real Estate Investment Property And Real Estate Held For Sale At Cost RealEstateInvestmentPropertyAndRealEstateHeldForSaleAtCost	9733131000	usd
CY2023Q3	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	14328000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41959000	usd
CY2023Q3	svc	Number Of Management Agreements Or Leases NumberOfManagementAgreementsOrLeases	4	agreement
CY2023Q3	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	1041000	usd
	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	-4312000	usd
CY2022Q3	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	352000	usd
	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	-315000	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2023Q2	svc	Number Of New Trustees NumberOfNewTrustees	8	trustee
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	97926000	shares
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	8.14
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.20
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	33090000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.20
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	33089000	usd
CY2023Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.20
CY2023Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	33096000	usd
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.60
	us-gaap	Nature Of Operations NatureOfOperations	<div style="margin-bottom: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></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 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, 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. Effective as of the completion of the TA Merger, we and RMR amended our property management agreement to include properties that we lease to TA.</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 $8,287 and $8,272 for the three months ended September 30, 2023 and 2022, respectively, and $24,959 and $27,455 for the nine months ended September 30, 2023 and 2022, respectively. Based on our common share total return, as defined in our business management agreement, as of each of September 30, 2023 and 2022, no incentive fees are included in the net business management fees we recognized for the three and nine months ended September 30, 2023 or 2022. The actual amount of annual incentive fees for 2023, 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, 2023, and will be payable in January 2024. We did not incur an incentive fee payable to RMR for the year ended December 31, 2022. 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 recognized property management and construction supervision fees payable to RMR of $2,031 and $1,628 for the three months ended September 30, 2023 and 2022, respectively, and $5,289 and $4,527 for the nine months ended September 30, 2023 and 2022, respectively. Of those amounts, for the three months ended September 30, 2023 and 2022, $923 and $975, respectively, of property management fees were expensed to other operating expenses in our condensed consolidated statements of comprehensive income (loss) and $1,108 and $653, respectively, of construction and supervision fees were capitalized for the three months ended September 30, 2023 and 2022. The amounts capitalized are included in building, improvements and equipment in our condensed consolidated balance sheets. For the nine months ended September 30, 2023 and 2022, $2,805 and $3,007, respectively, of property management fees were expensed to other operating expenses in our condensed consolidated statements of comprehensive income (loss) and $2,484 and $1,520, 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="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 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 $1,182 and $892 for these expenses and costs for the three months ended September 30, 2023 and 2022, respectively, and $3,301 and $2,331 for the nine months ended September 30, 2023 and 2022, respectively. We included these amounts in other operating expenses and general and administrative expenses, as applicable, in our condensed consolidated statements of comprehensive income (loss).</span></div>
CY2023Q3	dei	Entity Number Of Employees EntityNumberOfEmployees	0	employee
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2242000	usd
CY2023Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-1773000	usd
CY2023Q3	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	-469000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	390000	usd
CY2022Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	318000	usd
CY2022Q3	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	72000	usd
	us-gaap	Revenues Revenues	1407792000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	395526000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	101299000	usd
CY2023Q3	us-gaap	Revenues Revenues	496825000	usd
CY2023Q3	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	317752000	usd
CY2023Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	4802000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	94498000	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10849000	usd
CY2023Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	115000	usd
CY2023Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	512000	usd
CY2023Q3	us-gaap	Costs And Expenses CostsAndExpenses	428528000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	123000	usd
CY2023Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	5626000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	82280000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-8234000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2242000	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1864000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4128000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1134649000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	295164000	usd
	us-gaap	Revenues Revenues	1429813000	usd
	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	926418000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	13079000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	289108000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	34180000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	1933000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	9517000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	1274235000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41959000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	48837000	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	11880000	usd
	us-gaap	Interest Expense InterestExpense	246363000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-282000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	11609000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-775000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1840000	usd
	us-gaap	Net Income Loss NetIncomeLoss	10544000	usd
CY2023Q3	us-gaap	Assets Assets	7604311000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	400453000	usd
CY2022Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	97798000	usd
CY2022Q3	us-gaap	Revenues Revenues	498251000	usd
CY2022Q3	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	318266000	usd
CY2022Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3511000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	101514000	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11293000	usd
CY2022Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1172000	usd
CY2022Q3	us-gaap	Costs And Expenses CostsAndExpenses	435756000	usd
CY2022Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-164000	usd
CY2022Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	23056000	usd
CY2022Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	1442000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	81740000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	5089000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	390000	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2801000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	7500000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1116843000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	290949000	usd
	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	933803000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	9162000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	306147000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	35743000	usd
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	1920000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	9720000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	1296495000	usd
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	44235000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	2737000	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	2735000	usd
	us-gaap	Interest Expense InterestExpense	263904000	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	-103691000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1558000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4277000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-100972000	usd
CY2022Q4	us-gaap	Assets Assets	7488191000	usd

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$SVC
Service Properties Trust Stock $svc

2023 Q4 Form 10-Q Financial Statement

#000094539423000071 Filed on November 06, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC Service Properties Trust Stock $svc

2023 Q4 Form 10-Q Financial Statement

#000094539423000071 Filed on November 06, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC
Service Properties Trust Stock $svc