$SVC
Service Properties Trust Stock $svc

$svc Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000094539424000025 Filed on May 07, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$512.9M	$436.3M
YoY Change	1.82%	1.64%
Cost Of Revenue	$328.2M	$305.1M
YoY Change	6.19%	1.84%
Gross Profit	$184.7M	$131.2M
YoY Change	-5.13%	1.17%
Gross Profit Margin	36.01%	30.07%
Selling, General & Admin	$10.68M	$10.51M
YoY Change	-14.0%	-3.71%
% of Gross Profit	5.78%	8.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$95.67M	$93.11M
YoY Change	1.17%	-6.93%
% of Gross Profit	51.8%	70.99%
Operating Expenses	$111.3M	$108.3M
YoY Change	-0.04%	-5.68%
Operating Profit	$73.39M	$22.83M
YoY Change	-11.92%	54.37%
Interest Expense	-$93.03M	$91.41M
YoY Change	-212.76%	12.05%
% of Operating Profit	-126.77%	400.45%
Other Income/Expense, Net
YoY Change
Pretax Income	-$70.61M	-$72.04M
YoY Change	978.34%	-372.96%
Income Tax	$524.0K	$1.007M
% Of Pretax Income
Net Earnings	-$73.85M	-$78.38M
YoY Change	554.81%	-402.05%
Net Earnings / Revenue	-14.4%	-17.97%
Basic Earnings Per Share	-$0.45	-$0.48
Diluted Earnings Per Share	-$0.45	-$0.48
COMMON SHARES
Basic Shares Outstanding	165.8M shares	165.8M shares
Diluted Shares Outstanding	165.2M shares	165.2M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$14.63M	$71.29M
YoY Change	-96.64%	-60.53%
Cash & Equivalents	$14.63M	$71.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$28.96M	$21.40M
Other Receivables	$70.48M	$64.15M
Total Short-Term Assets	$114.1M	$156.8M
YoY Change	-77.45%	-40.22%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.413B	$6.577B
YoY Change	-3.06%	0.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$108.1M	$111.0M
YoY Change	-0.74%	2.62%
Other Assets	$131.8M	$24.74M
YoY Change	341.77%	48.39%
Total Long-Term Assets	$7.008B	$7.075B
YoY Change	-1.91%	-2.01%
TOTAL ASSETS
Total Short-Term Assets	$114.1M	$156.8M
Total Long-Term Assets	$7.008B	$7.075B
Total Assets	$7.122B	$7.232B
YoY Change	-6.9%	-3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$565.1M	$590.7M
YoY Change	-5.05%	51.48%
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	$565.1M	$590.7M
YoY Change	-5.05%	51.48%
LONG-TERM LIABILITIES
Long-Term Debt	$5.548B	$5.526B
YoY Change	-2.93%	-3.22%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$5.548B	$5.526B
YoY Change	-2.93%	-3.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$565.1M	$590.7M
Total Long-Term Liabilities	$5.548B	$5.526B
Total Liabilities	$6.113B	$6.117B
YoY Change	-3.13%	0.27%
SHAREHOLDERS EQUITY
Retained Earnings	$2.318B	$2.392B
YoY Change	-7.93%	-5.42%
Common Stock	$1.659M	$1.658M
YoY Change	0.24%	0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.009B	$1.115B
YoY Change
Total Liabilities & Shareholders Equity	$7.122B	$7.232B
YoY Change	-6.9%	-3.35%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$73.85M	-$78.38M
YoY Change	554.81%	-402.05%
Depreciation, Depletion And Amortization	$95.67M	$93.11M
YoY Change	1.17%	-6.93%
Cash From Operating Activities	$43.82M	-$926.0K
YoY Change	-86.14%	-107.48%
INVESTING ACTIVITIES
Capital Expenditures	$66.12M	$76.26M
YoY Change	-67.05%	167.1%
Acquisitions
YoY Change
Other Investing Activities	-$1.849M	$1.432M
YoY Change	-100.97%	-99.0%
Cash From Investing Activities	-$67.97M	-$74.83M
YoY Change	560.42%	-165.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-33.72M	-$34.75M
YoY Change	-33.95%	-246.06%
NET CHANGE
Cash From Operating Activities	43.82M	-$926.0K
Cash From Investing Activities	-67.97M	-$74.83M
Cash From Financing Activities	-33.72M	-$34.75M
Net Change In Cash	-57.87M	-$110.5M
YoY Change	-122.71%	-173.47%
FREE CASH FLOW
Cash From Operating Activities	$43.82M	-$926.0K
Capital Expenditures	$66.12M	$76.26M
Free Cash Flow	-$22.30M	-$77.19M
YoY Change	-119.32%	377.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	334796000	usd
CY2023Q1	us-gaap	Type Of Cost Good Or Service Extensible List TypeOfCostGoodOrServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
CY2024Q1	us-gaap	Type Of Cost Good Or Service Extensible List TypeOfCostGoodOrServiceExtensibleList	http://fasb.org/srt/2023#HotelMember
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	336236000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	100014000	usd
CY2023Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	94413000	usd
CY2024Q1	us-gaap	Revenues Revenues	436250000	usd
CY2023Q1	us-gaap	Revenues Revenues	429209000	usd
CY2024Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	305086000	usd
CY2023Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	299566000	usd
CY2024Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	4723000	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3905000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93107000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93107000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	100039000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10506000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10911000	usd
CY2024Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	usd
CY2023Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	887000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2451000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2451000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	415873000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	415308000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-2963000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41898000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	0	usd
CY2023Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	49430000	usd
CY2024Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	1962000	usd
CY2023Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	2786000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	7226000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	7226000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5232000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	91414000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	81580000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-44000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-72038000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	26391000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1007000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3780000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-5338000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-4221000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-78383000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	25950000	usd
CY2024Q1	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-344000	usd
CY2023Q1	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-214000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-344000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-214000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-78727000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	25736000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165158000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165158000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	164867000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	164867000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.48
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.48
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1226133000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-78383000	usd
CY2024Q1	us-gaap	Oci Equity Method Investment After Tax OciEquityMethodInvestmentAfterTax	-344000	usd
CY2024Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	430000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	13000	usd
CY2024Q1	us-gaap	Dividends Dividends	33154000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1114669000	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
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-78383000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	25950000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93107000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93107000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	100039000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	7226000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	7226000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5232000	usd
CY2024Q1	us-gaap	Straight Line Rent StraightLineRent	5768000	usd
CY2023Q1	us-gaap	Straight Line Rent StraightLineRent	-2448000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-44000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2451000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2451000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	0	usd
CY2023Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	49430000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-5338000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-4221000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-2963000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41898000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	925000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	781000	usd
CY2024Q1	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	15024000	usd
CY2023Q1	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	16889000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1801000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-4254000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-6077000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-18492000	usd
CY2024Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-4033000	usd
CY2023Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-2325000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-926000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	12373000	usd
CY2024Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	76261000	usd
CY2023Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	28551000	usd
CY2024Q1	svc	Property Managers Purchases With Restricted Cash PropertyManagersPurchasesWithRestrictedCash	1002000	usd
CY2023Q1	svc	Property Managers Purchases With Restricted Cash PropertyManagersPurchasesWithRestrictedCash	1558000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	5826000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	144361000	usd
CY2024Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	3392000	usd
CY2023Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	0	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-74829000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	114252000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	576946000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	489000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	163000	usd
CY2024Q1	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	usd
CY2023Q1	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	500000000	usd
CY2024Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1093000	usd
CY2023Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	19856000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	13000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	46000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	33154000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	33090000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-34749000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23791000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-110504000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	150416000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	197830000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	45420000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	87326000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	195836000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	71287000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	180616000	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	16039000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	15220000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	87326000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	195836000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	82664000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	91614000	usd
CY2024Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	115000	usd
CY2023Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	37000	usd
CY2024Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	39705000	usd
CY2023Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	10642000	usd
CY2024Q1	svc	Ownership Percentage Held In Subsidiary OwnershipPercentageHeldInSubsidiary	1
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<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%">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 and impairment of real estate and related intangibles.</span></div>
CY2024Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	5768000	usd
CY2023Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-2448000	usd
CY2024Q1	svc	Straight Line Rent Receivables StraightLineRentReceivables	64151000	usd
CY2023Q4	svc	Straight Line Rent Receivables StraightLineRentReceivables	56833000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-78383000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	25950000	usd
CY2024Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	122000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	117000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-78505000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	25833000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165158000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165158000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	164867000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	164867000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.48
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.48
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2024Q1	svc	Real Estate Investment Property And Real Estate Held For Sale At Cost RealEstateInvestmentPropertyAndRealEstateHeldForSaleAtCost	9825433000	usd
CY2024Q1	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	10296000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	-665000	usd
CY2023Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	-3540000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1537	shares
CY2024Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	8.54
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.20
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	33154000	usd
CY2024Q1	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 10. 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. </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%">Pursuant to our business management agreement with RMR, we recognized net business management fees of $7,757 and $8,385 for the three months ended March 31, 2024 and 2023, respectively. Based on our common share total return, as defined in our business management agreement, as of each of March 31, 2024 and 2023, no incentive fees are included in the net business management fees we recognized for the three months ended March 31, 2024 or 2023. The actual amount of annual incentive fees for 2024, 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, 2024, and will be payable in January 2025. We did not incur an incentive fee payable to RMR for the year ended December 31, 2023. 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%">Pursuant to our property management agreement with RMR, we recognized aggregate property management and construction supervision fees of $3,180 and $1,412 for the three months ended March 31, 2024 and 2023, respectively. Of those amounts, for the three months ended March 31, 2024 and 2023, $1,484 and $945, respectively, of property management fees were expensed to net lease operating expenses in our condensed consolidated statements of comprehensive income (loss) and $1,696 and $467, respectively, of construction and supervision fees were capitalized as building improvements 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 of 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 and the office building component of one of our hotels, 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. Our property level operating expenses are generally incorporated into rents charged to our tenants, including certain payroll and related costs incurred by RMR. We reimbursed RMR $1,094 and $1,003 for these expenses and costs for the three months ended March 31, 2024 and 2023, respectively. We included these amounts in net lease operating expenses and general and administrative expenses, as applicable, in our condensed consolidated statements of comprehensive income (loss).</span></div>
CY2024Q1	dei	Entity Number Of Employees EntityNumberOfEmployees	0	employee
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1007000	usd
CY2024Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	621000	usd
CY2024Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	386000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3780000	usd
CY2023Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-2297000	usd
CY2023Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	-1483000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	336236000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	100014000	usd
CY2024Q1	us-gaap	Revenues Revenues	436250000	usd
CY2024Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	305086000	usd
CY2024Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	4723000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93107000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10506000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2451000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	415873000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-2963000	usd
CY2024Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	1962000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	91414000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-72038000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1007000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-5338000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-78383000	usd
CY2024Q1	us-gaap	Assets Assets	7231519000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	334796000	usd
CY2023Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	94413000	usd
CY2023Q1	us-gaap	Revenues Revenues	429209000	usd
CY2023Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	299566000	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3905000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	100039000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10911000	usd
CY2023Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	887000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	415308000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	41898000	usd
CY2023Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	49430000	usd
CY2023Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	2786000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	81580000	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-44000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	26391000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3780000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-4221000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	25950000	usd
CY2023Q4	us-gaap	Assets Assets	7356116000	usd

Files In Submission

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$SVC
Service Properties Trust Stock $svc

2024 Q2 Form 10-Q Financial Statement

#000094539424000025 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC Service Properties Trust Stock $svc

2024 Q2 Form 10-Q Financial Statement

#000094539424000025 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SVC
Service Properties Trust Stock $svc