Service Properties Trust T.SVC

Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.

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Service Properties Trust > Normal Course Issuer Bid - Question

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Post by Phatfiendon May 07, 2016 2:07pm

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Post# 24850845

Normal Course Issuer Bid - Question

Looks like they are really ramping up the NCIB. Max they are allowed to buy is ~149k per day, and they are near that most of the last week. Almost 2M shares since last report.

Does anyone know if the company has discretion with a NCIB? Or, is it completely hands off once started?

What I'm getting at is, does the higher volume mean anything, or is SVC powerless to change execution of NCIB once it is established (last october?). Is the high volume a sign that they think its good value, or simply what they agreed to do back in October, and no indication of current outlook?

Cheers,
P

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