Service Properties Trust - Shares Of Beneficial Interest · NASDAQ:SVC
Service Properties Trust - Shares Of Beneficial Interest — Hospitality Properties Trust — Q4 2016 Earnings Presentation
32 slides from Service Properties Trust - Shares Of Beneficial Interest's earnings presentation, Mar 1, 2017
Slide 1: Fourth Quarter 2016 Supplemental Operating and Financial Data
All amounts in this report are unaudited. Hospitality Properties Trust Fourth Quarter 2016 Supplemental Operating and Financial Data Courtyard Camarillo, Camarillo, CA Operator: Marriott International, Inc. Guest Rooms: 130 Exhibit 99.2
Slide 2: Table of Contents
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 Consolidated Balance Sheets 13 Consolidated Sta
Slide 3: Warning Concerning Forward Looking Statements
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 PRIV
Slide 4: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 NUMBER
Slide 5: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 FO RW ARD LOOKING S TA TEMENTS (continued ) 5 • AT DECEMBER 31, 2016, WE HAD $10.9 MILLION OF CASH AND CASH EQUIVALENTS, $809.0 MILLION AVAILABLE UNDER OUR $1.0 BILLION REVOLVING CREDIT FACILITY AND SECURITY DE
Slide 6: Corporate Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 CORPORATE INFORMATION Courtyard Irvine Spectrum/Orange County, Laguna Hills, CA Operator: Marriott International Inc. Guest Rooms: 136
Slide 7: Company Profile
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 December 31, 2016, we owned 306 hotels and 198 travel centers located
Slide 8: Company Profile (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 COM PAN Y PROFILE (continued ) 8 COMPANY PROFILE Operating Statistics by Operating Agreement (as of 12/31/16) (dollars in thousands): Number Annualized Percent of Total Number of of Rooms / Minimum Minimum Cove
Slide 9: Investor Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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. P
Slide 10: Research Coverage
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 RESEARCH COVERAG E 10 RESEARCH COVERAGE Equity Research Coverage Baird Canaccord Genuity FBR & Co. Michael Bellisario Ryan Meliker Bryan Maher (414) 298-6130 (212) 389-8094 (646) 885-5423 mbellisario@rwbaird.co
Slide 11: Financials
All amounts in this report are unaudited. Hospitality Properties Trust Fourth Quarter 2016 Supplemental Operating and Financial Data Courtyard Camarillo, Camarillo, CA Operator: Marriott International, Inc. Guest Rooms: 130 FINANCIALS Sonesta ES Suites, Princeton, NJ Operator: Sonesta International
Slide 12: Key Financial Data
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 KE Y FINANCIA L D AT A 12 KEY FINANCIAL DATA (amounts in thousands, except per share data) As of and For the Three Months Ended 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 Selected Balance Sheet Data: T
Slide 13: Consolidated Balance Sheets
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 CONSOLID ATED BALANCE SHEET S 13 CONSOLIDATED BALANCE SHEETS (dollar amounts in thousands, except per share data) As of December 31, 2016 2015 ASSETS Real estate properties: Land $ 1,563,263 $ 1,525,637 Buildin
Slide 14: Consolidated Statements of Income (Loss)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 CONSOLID ATED S TA TEMENTS OF INCOME (LOSS ) 14 CONSOLIDATED STATEMENTS OF INCOME (LOSS) (amounts in thousands, except per share data) For the Three Months Ended December 31, For the Year Ended December 31, 201
Slide 15: Notes to Consolidated Statements of Income (Loss)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 NOTES TO CONSOLID ATED S TA TEMENTS OF INCOME (LOSS ) 15 NOTES TO CONSOLIDATED STATEMENTS OF INCOME (LOSS) (dollar amounts in thousands, except per share data) (1) At December 31, 2016, we owned 306 hotels; 303
Slide 16: Consolidated Statements of Cash Flows
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 CONSOLID ATED S TA TEMENTS OF CASH FLOW S 16 CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) For the Year Ended December 31, 2016 2015 Cash flows from operating activities: Net income $ 223,110 $ 166,418 A
Slide 17: Debt Summary
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 DEBT SUMMA RY 17 DEBT SUMMARY As of December 31, 2016 (dollars in thousands) Interest Principal Maturity Due at Years to Rate Balance Date Maturity Maturity Unsecured Floating Rate Debt: $1,000,000 unsecured re
Slide 18: Debt Maturity Schedule
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 DEBT M ATURIT Y SCHEDUL E 18 DEBT MATURITY SCHEDULE As of December 31, 2016 (dollars in thousands) Unsecured Unsecured Floating Fixed Year Rate Debt Rate Debt Total (4) 2017 $ — $ — $ — 2018 191,000 (1) 350,000
Slide 19: Leverage Ratios, Coverage Ratios and Public Debt Covenants
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/20
Slide 20: FF&E Reserve Escrows
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 FF&E RESE RVE ESCROW S 20 FF&E RESERVE ESCROWS (1) (dollars in thousands) As of and For the Three Months Ended 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 FF&E reserves (beginning of period) $ 60,606 $
Slide 21: Property Acquisition and Disposition Information Since January 1, 2016
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 PROPERT Y ACQUISITION AND DISPOSITION INFORM ATION SINCE JANUA RY 1, 201 6 21 PROPERTY ACQUISITION AND DISPOSITION INFORMATION SINCE JANUARY 1, 2016 (dollars in thousands) ACQUISITIONS: Average Number Purchase
Slide 22: Calculation of EBITDA and Adjusted EBITDA
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 Year Ended December 31, 12/31/2016 9/30/2016 6/30/2016 3/31/2016 1
Slide 23: Calculation of FFO and Normalized FFO
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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) (dollar
Slide 24: Non-GAAP Financial Measures Definitions
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 and
Slide 25: Operating Agreements and Portfolio Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 OPERATING AGREEMENTS AND PORTFOLIO INFORMATION Wyndham Atlanta Galleria, Atlanta, GA Operator: Wyndham Hotel Group Guest Rooms: 296 Holiday Inn Atlanta Airport South, College Park, GA Operator: InterContinental
Slide 26: Portfolio by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 PORTFOLIO B Y OPER ATING AGREEMENT AND MANAGER 26 PORTFOLIO BY OPERATING AGREEMENT AND MANAGER As of December 31, 2016 (dollars in thousands) Percent of Percent of Percent of Total Total Total Percent of Invest
Slide 27: Portfolio by Brand
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 PORTFOLIO B Y BRAN D 27 PORTFOLIO BY BRAND As of December 31, 2016 (dollars in thousands) Percent of Percent of Total Total Percent of Investment Number of Number of Number of Number of Total Per Brand Manager
Slide 28: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 M
Slide 29: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 OPER ATING AGREEMENT INFORM ATIO N 29 Sonesta- We lease our 34 Sonesta branded hotels (four Royal Sonesta Hotels®, five Sonesta Hotels & Resorts® and 25 Sonesta ES Suites® hotels) in 19 states to one of our TRS
Slide 30: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 OPER ATING AGREEMENT INFORM ATIO N 30 Morgans- We historically leased The Clift Hotel in San Francisco, California to a subsidiary of Morgans. By its terms this historical lease expired in 2103 and required ann
Slide 31: Operating Statistics by Hotel Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 Year Ended No. of Rooms / December
Slide 32: Coverage by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2016 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 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12
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