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Net lease operating expenses

Service Properties Trust·Business Segments·2 segments·Rolls up to Other operating expenses

Breakdown

Segments

HotelsView metric

Net LeaseView metric

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Hotels	$139.39M	$142.91M	$132.44M	$129.51M	$138.44M	$137.69M	$108.41M	$102.42M
Net Lease	$1.53M	$1.46M	$5.96M	$2.75M	$1.82M	$1.51M	$4.79M	$2.56M
Total	$4.96M	$4.79M	$5.35M	$5.63M	$5.44M	$5.24M	$5.29M	$7.44M