{"id":827080,"date":"2022-10-14T07:23:42","date_gmt":"2022-10-14T05:23:42","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/"},"modified":"2022-10-14T07:23:42","modified_gmt":"2022-10-14T05:23:42","slug":"service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/","title":{"rendered":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share"},"content":{"rendered":"

\nDividend Rate Represents Modest 37% Payout Ratio Based on Q2 2022 Normalized FFO\n<\/p>\n

\nOver $750 Million of Liquidity After Dividend Payment\n<\/p>\n

NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC)<\/a> today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio based on Q2 2022 normalized funds from operations, or Normalized FFO. This distribution will be paid to SVC\u2019s common shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022.\n<\/p>\n

\nBrian Donley<\/a>, Service Properties Trust\u2019s Chief Financial Officer and Treasurer, made the following statement:\n<\/p>\n

\n\u201cAs the result of the continued improved performance of our hotel portfolio and the steady performance of our net lease assets, we are pleased to declare our quarterly common dividend at $0.20 per share. We believe the dividend at this level is well covered and sustainable, representing only a 37% Normalized FFO payout ratio on our second quarter 2022 results, as well as positions SVC well for possible additional dividend increases in the future. We also believe a dividend at this level balances our desire to return excess cashflows to shareholders with the company\u2019s near-term liquidity needs. After payment of this dividend, SVC expects to have over $750 million of available liquidity, which is far in excess of near-term obligations.\u201d\n<\/p>\n

\nAbout Service Properties Trust\n<\/p>\n

<\/a><\/p>\n

\nService Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of June 30, 2022, SVC owned 247 hotels with over 41,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of June 30, 2022, SVC also owned 775 retail service-focused net lease properties totaling over 13 million square feet throughout United States. SVC is managed by The RMR Group (Nasdaq: RMR)<\/a>, an alternative asset management company with more than $37 billion in assets under management as of June 30, 2022 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com<\/a>.\n<\/p>\n

\nWARNING REGARDING FORWARD-LOOKING STATEMENTS\n<\/p>\n

\nThis press release contains statements that constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Whenever SVC uses words such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cwill,\u201d \u201cmay\u201d and negatives or derivatives of these or similar expressions, SVC is making forward-looking statements. These forward-looking statements are based upon SVC\u2019s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SVC\u2019s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SVC\u2019s control. For example:\n<\/p>\n

This press release states that SVC\u2019s Board of Directors has declared a cash dividend at $0.20\/share per quarter or $0.80\/share per year, a dividend at this level is well covered and sustainable, representing only a 37% Normalized FFO payout ratio on SVC\u2019s second quarter 2022 results and positions SVC well for possible additional dividend increases in the future. Possible implications of these statements are that SVC will continuously pay quarterly dividends at $0.20\/share per quarter or $0.80\/share per year in the future and may further increase dividends in the future. SVC\u2019s dividend rates are set and reset from time to time by SVC\u2019s Board of Trustees. The SVC Board considers many factors when setting dividend rates including SVC\u2019s historical and projected income, Normalized FFO, cash available for distribution, the then current and expected needs and availability of cash to pay SVC\u2019s obligations and fund SVC\u2019s investments, distributions which may be required to be paid to maintain SVC\u2019s tax status as a real estate investment trust and other factors deemed relevant by SVC\u2019s Board of Trustees in its discretion. Accordingly, future dividend rates may be increased or decreased and there is no assurance as to the rate at which future dividends will be paid.<\/p>\n

This press release also states that SVC believes a dividend of $0.20 per share balances SVC\u2019s desire to return excess cashflows to shareholders with SVC\u2019s near-term liquidity needs, and that SVC expects to have over $750 million of available liquidity, which is far in excess of SVC\u2019s near-term obligations. These statements may imply that the continued improved performance of SVC\u2019s hotel portfolio and steady performance of SVC\u2019s net lease assets may continue and that SVC has sufficient working capital and liquidity to meet its obligations and fund its business and investments. However, the performance of SVC\u2019s hotel portfolio and performance of SVC\u2019s net lease assets may not continue or may decline and the amounts SVC receives from its operators may be insufficient to operate SVC\u2019s business profitably. Accordingly, SVC may not have sufficient working capital or liquidity.<\/p>\n

\nThe information contained in SVC\u2019s filings with the SEC, including under the caption \u201cRisk Factors\u201d in SVC\u2019s periodic reports, or incorporated therein, identifies other important factors that could cause differences from SVC\u2019s forward-looking statements. SVC\u2019s filings with the SEC are available on the SEC\u2019s website at www.sec.gov<\/a>.\n<\/p>\n

\nYou should not place undue reliance upon forward-looking statements.\n<\/p>\n

\nExcept as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.\n<\/p>\n

\nA Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
\n
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.\n<\/p>\n

Contacts <\/p>\n

\nStephen Colbert, Director, Investor Relations
\n
(617) 796-8232<\/p>","protected":false},"excerpt":{"rendered":"

Dividend Rate Represents Modest 37% Payout Ratio Based on Q2 2022 Normalized FFO Over $750 Million of Liquidity After Dividend Payment NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-827080","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nService Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Dividend Rate Represents Modest 37% Payout Ratio Based on Q2 2022 Normalized FFO Over $750 Million of Liquidity After Dividend Payment NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\" \/>\n<meta property=\"og:site_name\" content=\"BeBeez\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T05:23:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share\",\"datePublished\":\"2022-10-14T05:23:42+00:00\",\"dateModified\":\"2022-10-14T05:23:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\"},\"wordCount\":966,\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"articleSection\":[\"Real Estate in Asia Pacific\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\",\"url\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\",\"name\":\"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez\",\"isPartOf\":{\"@id\":\"https:\/\/15.161.165.86\/#website\"},\"datePublished\":\"2022-10-14T05:23:42+00:00\",\"dateModified\":\"2022-10-14T05:23:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bebeez.it\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/15.161.165.86\/#website\",\"url\":\"https:\/\/15.161.165.86\/\",\"name\":\"BeBeez\",\"description\":\"BeBeez\",\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/15.161.165.86\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/15.161.165.86\/#organization\",\"name\":\"BeBeez\",\"url\":\"https:\/\/15.161.165.86\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png\",\"contentUrl\":\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png\",\"width\":309,\"height\":122,\"caption\":\"BeBeez\"},\"image\":{\"@id\":\"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/","og_locale":"en_US","og_type":"article","og_title":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez","og_description":"Dividend Rate Represents Modest 37% Payout Ratio Based on Q2 2022 Normalized FFO Over $750 Million of Liquidity After Dividend Payment NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio […]","og_url":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/","og_site_name":"BeBeez","article_published_time":"2022-10-14T05:23:42+00:00","og_image":[{"width":683,"height":242,"url":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#article","isPartOf":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/"},"author":{"name":"","@id":""},"headline":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share","datePublished":"2022-10-14T05:23:42+00:00","dateModified":"2022-10-14T05:23:42+00:00","mainEntityOfPage":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/"},"wordCount":966,"publisher":{"@id":"https:\/\/15.161.165.86\/#organization"},"articleSection":["Real Estate in Asia Pacific"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/","url":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/","name":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share - BeBeez","isPartOf":{"@id":"https:\/\/15.161.165.86\/#website"},"datePublished":"2022-10-14T05:23:42+00:00","dateModified":"2022-10-14T05:23:42+00:00","breadcrumb":{"@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/service-properties-trust-declares-quarterly-cash-dividend-at-0-20-per-common-share\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bebeez.it\/en\/"},{"@type":"ListItem","position":2,"name":"Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share"}]},{"@type":"WebSite","@id":"https:\/\/15.161.165.86\/#website","url":"https:\/\/15.161.165.86\/","name":"BeBeez","description":"BeBeez","publisher":{"@id":"https:\/\/15.161.165.86\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/15.161.165.86\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/15.161.165.86\/#organization","name":"BeBeez","url":"https:\/\/15.161.165.86\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/","url":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png","contentUrl":"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo.png","width":309,"height":122,"caption":"BeBeez"},"image":{"@id":"https:\/\/15.161.165.86\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts\/827080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/comments?post=827080"}],"version-history":[{"count":0,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/posts\/827080\/revisions"}],"wp:attachment":[{"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/media?parent=827080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/categories?post=827080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/tags?post=827080"},{"taxonomy":"settori","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/settori?post=827080"},{"taxonomy":"slider_categorie_and_home_page","embeddable":true,"href":"https:\/\/bebeez.it\/en\/wp-json\/wp\/v2\/slider_categorie_and_home_page?post=827080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}