Service Properties Trust 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number 1-11527 SERVICE PROPERTIES TRUST (Exact Name of Registrant as Specified in Its Charter) 04-3262075 (I.R.S. Employer Identification No.) Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts, 02458-1634(Address of Principal Executive Offices) (Zip Code) 617-964-8389 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of registrant’s common shares of beneficial interest, $.01 par value per share, outstanding as of August3, 2026: 129,509,488. SERVICE PROPERTIES TRUSTFORM10-QJune30, 2026 INDEX PagePARTI.FinancialInformationItem 1.Financial Statements (unaudited)Condensed Consolidated Balance Sheets — June 30, 2026 and December 31, 20253Condensed Consolidated Statements of Comprehensive Income(Loss) — Three and Six Months Ended June 30, 2026 and20254Condensed Consolidated Statements of Shareholders’ Equity — Three and Six Months Ended June 30, 2026 and 20255Condensed Consolidated Statements of Cash Flows — Six Months Ended June 30, 2026 and 20257Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition andResults of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk46Item 4.Controls and Procedures48Warning Concerning Forward-Looking Statements48Statement Concerning Limited Liability50PARTII.Other InformationItem 1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 6.Exhibits51Signatures54 References in this Quarterly Report on Form 10-Q to the Company, SVC, we, us or our include Service Properties Trust and its consolidatedsubsidiaries unless otherwise expressly stated or the context indicates otherwise. SERVICE PROPERTIES TRUSTCONDENSED CONSOLIDATED BALANCE SHEETS(dollars in thousands, except per share data)(unaudited) June 30, 2026December 31, 2025 SERVICE PROPERTIES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(amounts in thousands, except per share data)(unaudited) SERVICE PROPERTIES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(dollars in thousands)(unaudited) SERVICE PROPERTIES TRUSTCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)(dollars in thousands)(unaudited) Supplemental disclosure of cash and cash equivalents and restricted cash: The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets to theamounts shown in the condensed consolidated statements of cash flows: (1)Restricted cash consists of amounts escrowed pursuant to the terms of our hotel management agreements to fund capital improvements at our hotels and amountsescrowed as required by certain of our debt agreements. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. SERVICE PROPERTIES TRUSTNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)(unaudited) Note 1. Organization and Basis of Presentation Service Properties Trust, or we, us or our, is a real estate investment trust, or REIT, organized on February 7, 1995 under the laws of the State ofMaryland, which invests in service-focused retail net lease properties and hotels. At June30, 2026, we owned, directly