Service Properties Trust (SVC)

6.40 +0.27 (+4.40%) At close: 04:00PM EDT

Service Properties Trust

Two Newton Place
255 Washington Street, Suite 300
Newton, MA 02458-1634
United States
617 964 8389
https://www.svcreit.com

Sector(s): Real Estate
Industry: REIT - Hotel & Motel
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Todd W. Hargreaves	President & Chief Investment Officer	19.08k	N/A	1981
Mr. Brian E. Donley	CFO & Treasurer	19.08k	N/A	1976
Stephen P. Colbert	Director of Investor Relations	N/A	N/A	N/A
Ms. Jennifer Babbin Clark	Secretary	N/A	N/A	1961

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of December 31, 2023, SVC also owned 752 service-focused retail net lease properties totaling approximately 13.3 million square feet throughout the United States. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.

Corporate governance

Service Properties Trust’s ISS governance QualityScore as of 1 April 2024 is 6. The pillar scores are Audit: 7; Board: 9; Shareholder rights: 5; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.