Service Properties Trust - Shares Of Beneficial Interest · NASDAQ:SVC
Service Properties Trust - Shares Of Beneficial Interest — Hospitality Properties Trust — Q3 2017 Earnings Presentation
32 slides from Service Properties Trust - Shares Of Beneficial Interest's earnings presentation, Nov 8, 2017
Slide 1: Third Quarter 2017 Supplemental Operating and Financial Data
Hospitality Properties Trust Third Quarter 2017 Supplemental Operating and Financial Data All amounts in this report are unaudited. Staybridge Suites Carmel Mountain San Diego, CA Operator: InterContinental Hotels Group Guest Rooms: 116 Exhibit 99.2
Slide 2: Table of Contents
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 TABLE OF CONTENT S TABLE OF CONTENTS PAGE CORPORATE INFORMATION 6 Company Profile 7,8 Investor Information 9 Research Coverage 10 FINANCIALS Key Financial Data 12 Condensed Consolidated Balance Sheets 13 Conde
Slide 3: Warning Concerning Forward Looking Statements
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 W ARNING CONCERNING FO RW ARD LOOKING S TA TEMENT S 3 THIS PRESENTATION OF SUPPLEMENTAL OPERATING AND FINANCIAL DATA CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRI
Slide 4: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 FO RW ARD LOOKING S TA TEMENTS (continued ) 4 FOR EXAMPLE: • OUR ABILITY TO MAKE FUTURE DISTRIBUTIONS TO OUR SHAREHOLDERS AND TO MAKE PAYMENTS OF PRINCIPAL AND INTEREST ON OUR INDEBTEDNESS DEPENDS UPON A NUMBE
Slide 5: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 FO RW ARD LOOKING S TA TEMENTS (continued ) 5 • ACTUAL COSTS UNDER OUR REVOLVING CREDIT FACILITY OR OTHER FLOATING RATE DEBT WILL BE HIGHER THAN LIBOR PLUS A PREMIUM BECAUSE OF FEES AND EXPENSES ASSOCIATED WIT
Slide 6: Corporate Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CORPORATE INFORMATION Courtyard Atlanta Norcross Norcross, GA Operator: Marriott International, Inc. Guest Rooms: 122
Slide 7: Company Profile
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 COM PAN Y PROFIL E 7 COMPANY PROFILE Hospitality Properties Trust, or HPT, we, our, or us, is a real estate investment trust, or REIT. As of September 30, 2017, we owned 323 hotels and 199 travel centers locat
Slide 8: Company Profile (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 COM PAN Y PROFILE (continued ) 8 COMPANY PROFILE Operating Statistics by Operating Agreement (as of 9/30/17) (dollars in thousands): Percent of Total Number Annualized Annualized Number of of Rooms / Minimum M
Slide 9: Investor Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 INVES TOR INFORM ATIO N 9 INVESTOR INFORMATION Board of Trustees Donna D. Fraiche John L. Harrington William A. Lamkin Independent Trustee Lead Independent Trustee Independent Trustee Adam D. Portnoy Barry M.
Slide 10: Research Coverage
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 RESEARCH COVERAG E 10 RESEARCH COVERAGE Equity Research Coverage Baird D.A. Davidson & Co. FBR & Co. Michael Bellisario James O. Lykins Bryan Maher (414) 298-6130 (503) 603-3041 (646) 885-5423 mbellisario@rwba
Slide 11: Financials
Hospitality Properties Trust Third Quarter 2017 Supplemental Operating and Financial Data All amounts in this report are unaudited. Staybridge Suites Carmel Mountain San Diego, CA Operator: InterContinental Hotels Group Guest Rooms: 116 FINANCIALS TownePlace Suites Seattle South/Renton Renton, WA Op
Slide 12: Key Financial Data
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 KE Y FINANCIA L D AT A 12 KEY FINANCIAL DATA (dollars in thousands, except per share data) As of and For the Three Months Ended 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 Selected Balance Sheet Data: T
Slide 13: Condensed Consolidated Balance Sheets
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CONDENSED CONSOLID ATED BALANCE SHEET S 13 CONDENSED CONSOLIDATED BALANCE SHEETS (dollar amounts in thousands, except share data) As of September 30, As of December 31, 2017 2016 ASSETS Real estate properties:
Slide 14: Condensed Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CONDENSED CONSOLID ATED S TA TEMENTS OF INCOM E 14 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (amounts in thousands, except share data) For the Three Months Ended September 30, For the Nine Months Ended Septe
Slide 15: Notes to Condensed Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 NOTES TO CONDENSED CONSOLID ATED S TA TEMENTS OF INCOME 15 NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME (dollar amounts in thousands, except share data) (1) At September 30, 2017, we owned 323 hotels;
Slide 16: Condensed Consolidated Statements of Cash Flows
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CONDENSED CONSOLID ATED S TA TEMENTS OF CASH FLOW S 16 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) For the Nine Months Ended September 30, 2017 2016 Cash flows from operating activities: Net
Slide 17: Debt Summary
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 DEBT SUMMA RY 17 DEBT SUMMARY As of September 30, 2017 (dollars in thousands) Interest Principal Maturity Due at Years to Rate Balance Date Maturity Maturity Unsecured Floating Rate Debt: $1,000,000 unsecured
Slide 18: Debt Maturity Schedule
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 DEBT M ATURIT Y SCHEDUL E 18 DEBT MATURITY SCHEDULE As of September 30, 2017 (dollars in thousands) Unsecured Unsecured Floating Fixed Year Rate Debt Rate Debt Total (2)(4) 2017 $ — $ — $ — 2018 458,000 (1) 35
Slide 19: Leverage Ratios, Coverage Ratios and Public Debt Covenants
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 LEVERAGE R ATIOS, COVERAGE R ATIOS AND PUBLIC DEBT COVENANT S 19 LEVERAGE RATIOS, COVERAGE RATIOS AND PUBLIC DEBT COVENANTS As of and For the Three Months Ended 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/20
Slide 20: FF&E Reserve Escrows
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 FF&E RESE RVE ESCROW S 20 FF&E RESERVE ESCROWS (1) (dollars in thousands) As of and For the Three Months Ended 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 FF&E reserves (beginning of period) $ 58,911 $
Slide 21: Property Acquisition and Disposition Information Since January 1, 2017
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 PROPERT Y ACQUISITION AND DISPOSITION INFORM ATION SINCE JANUA RY 1, 201 7 21 PROPERTY ACQUISITION AND DISPOSITION INFORMATION SINCE JANUARY 1, 2017 (dollars in thousands) ACQUISITIONS (1): Average Number Purc
Slide 22: Calculation of EBITDA and Adjusted EBITDA
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CALCUL ATION OF EBITD A AND ADJUSTED EBITD A 22 CALCULATION OF EBITDA AND ADJUSTED EBITDA (1) (in thousands) For the Three Months Ended For the Nine Months Ended September 30, 9/30/2017 6/30/2017 3/31/2017 12/
Slide 23: Calculation of FFO and Normalized FFO
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 CALCUL ATION OF FUNDS FROM OPER ATIONS (FFO) AND NORMALIZED FF O AV AILABLE FOR COMMON SHAREHOLDERS 23 CALCULATION OF FUNDS FROM OPERATIONS (FFO) AND NORMALIZED FFO AVAILABLE FOR COMMON SHAREHOLDERS (1) (dolla
Slide 24: Non-GAAP Financial Measures Definitions
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 NON-GAA P FINANCIA L MEASURES DEFINITION S 24 Non-GAAP Financial Measures Definitions Definition of EBITDA and Adjusted EBITDA We calculate EBITDA and Adjusted EBITDA as shown on page 22. We consider EBITDA an
Slide 25: Operating Agreements and Portfolio Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 OPERATING AGREEMENTS AND PORTFOLIO INFORMATION Sonesta ES Suites Colorado Springs Colorado Springs, CO Operator: Sonesta International Hotels Corporation Guest Rooms: 96
Slide 26: Portfolio by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 PORTFOLIO B Y OPER ATING AGREEMENT AND MANAGER 26 PORTFOLIO BY OPERATING AGREEMENT AND MANAGER As of September 30, 2017 (dollars in thousands) Percent of Percent of Percent of Total Total Total Percent of Inve
Slide 27: Portfolio by Brand
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 PORTFOLIO B Y BRAN D 27 PORTFOLIO BY BRAND As of September 30, 2017 (dollars in thousands) Percent of Percent of Total Total Number of Number of Percent of Investment Number of Number of Rooms / Rooms / Total
Slide 28: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 OPER ATING AGREEMENT INFORM ATIO N 28 Marriott No. 1- We lease 53 Courtyard by Marriott® branded hotels in 24 states to one of our taxable REIT subsidiaries, or TRSs. The hotels are managed by a subsidiary of
Slide 29: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 OPER ATING AGREEMENT INFORM ATIO N 29 Sonesta- We lease our 49 Sonesta branded hotels (five Royal Sonesta Hotels®, five Sonesta Hotels & Resorts® and 39 Sonesta ES Suites® hotels) in 26 states to one of our TR
Slide 30: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 OPER ATING AGREEMENT INFORM ATIO N 30 Morgans- We lease The Clift Hotel® in San Francisco, CA to a subsidiary of Morgans. This lease is scheduled to expire in 2103 and requires annual rent to us of $7,595, whi
Slide 31: Operating Statistics by Hotel Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 OPER ATING S TA TISTICS B Y HOTE L OPER ATING AGREEMENT AND MANAGE R 31 OPERATING STATISTICS BY HOTEL OPERATING AGREEMENT AND MANAGER No. of For the Three Months Ended For the Nine Months Ended No. of Rooms /
Slide 32: Coverage by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, September 30, 2017 COVERAGE B Y OPER ATING AGREEMENT AND MANAGE R 32 COVERAGE BY OPERATING AGREEMENT AND MANAGER (1) Number of For the Twelve Months Ended Operating Agreement Properties 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9
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