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Service Properties Trust SVC Net Lease — Net lease operating expenses

Other segment segments

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$102.42M-20.9%

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Other financials

Income statement

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Revenue$364.5M-16.3%
Gross profit$121.8M-5.8%
Net income-$151.2M-29.8%
EPS (diluted)-$0.91-30.0%

Balance sheet

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Cash & equivalents$39.4M-58.2%
Total debt$147.2M-2.4%
Total equity$493.7M-32.8%
Total assets$6.1B-12.8%

Cash flow

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Operating cash flow$35.6M-6.9%
CapEx$49.9M-18.8%
Free cash flow-$14.3M+38.4%

Valuation

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Market cap$1.14B-29.4%
P/S0.7×-0.2×

Profitability

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Gross margin33.3%+0.5pp
Operating margin18.7%
Net margin-13.6%-2.1pp
FCF margin-4.2%-24.7pp

Returns & leverage

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Return on equity-38.6%+6.2pp
Debt / equity0.2×+0.1×

Where this comes from

Reported directly by Service Properties Trust in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

The official record: Service Properties Trust’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Service Properties Trust's net lease — net lease operating expenses?
Service Properties Trust (SVC) reported net lease — net lease operating expenses of $2.56M in Q1 2026.
How has Service Properties Trust's net lease — net lease operating expenses changed year-over-year?
Service Properties Trust's net lease — net lease operating expenses decreased by 6.9% year-over-year, from $2.75M to $2.56M.
What is the long-term trend for Service Properties Trust's net lease — net lease operating expenses?
Over 2 years (2021 to 2025), Service Properties Trust's net lease — net lease operating expenses has grown at a -17.9% compound annual growth rate (CAGR), from $16.13M to $10.88M.
What does net lease — net lease operating expenses mean?
Encompasses the direct costs required to operate and maintain properties within the net lease segment that are not covered by tenants. This metric is critical for assessing the operational burden and the net margin impact of the segment's real estate holdings.