Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Service Properties Trust Announces Effective Date of Reverse Split

businesswire.com
RMR The RMR Group manages Service Properties Trust, which is undergoing a reverse stock split. RMR is described as a leading US alternative asset management company with substantial assets under management and experience. SVC Service Properties Trust announced a 5-for-1 reverse stock split effective July 6, 2026. The dividend rate remains unchanged post-split. The company is a REIT with significant investments in retail net lease properties and hotels.

Service Properties Trust Announces Effective Date of Reverse Split NEWTON, Mass.--( BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced that its previously disclosed five-for-one reverse split of SVC’s issued and outstanding common shares is anticipated to become effective after the close of trading on July 6, 2026. As of the effective time of the reverse split, each five shares of SVC’s issued and outstanding common shares will be combined into one common share. As a result of the reverse split, the number of outstanding common shares will be reduced from approximately 647.7 million shares to approximately 129.5 million shares. SVC’s common shares are expected to begin trading on a reverse split-adjusted basis on the Nasdaq Stock Market LLC (“Nasdaq”) at market open under the existing ticker symbol, “SVC”, but with a new CUSIP number of 81761L 201, on July 7, 2026. SVC’s regular quarterly cash distribution on its common shares is expected to remain at a rate of $0.05 per share ($0.20 per share per year), which is unchanged from previous distribution levels after giving effect to the pending five-for-one reverse share split.

About Service Properties Trust

Service Properties Trust is a real estate investment trust with over $10 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of March 31, 2026, SVC owned 761 service-focused retail net lease properties with over 13.6 million square feet throughout the United States, and 93 hotels with over 21,000 guest rooms throughout the United States, including Puerto Rico, and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC’s control.

For example:

You should not place undue reliance upon forward-looking statements.

Except 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.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.