Service Properties Trust - Shares Of Beneficial Interest · NASDAQ:SVC
Service Properties Trust - Shares Of Beneficial Interest — Hospitality Properties Trust — Q4 2017 Earnings Presentation
32 slides from Service Properties Trust - Shares Of Beneficial Interest's earnings presentation, Mar 1, 2018
Slide 1: Fourth Quarter 2017 Supplemental Operating and Financial Data
Hospitality Properties Trust Fourth Quarter 2017 Supplemental Operating and Financial Data All amounts in this report are unaudited. Sonesta ES Suites Orlando Orlando, FL Operator: Sonesta International Hotels Corp. Guest Rooms: 146 Exhibit 99.2
Slide 2: Table of Contents
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 Consolidated Balance Sheets 13 Consolidated Sta
Slide 3: Warning Concerning Forward Looking Statements
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 PRIV
Slide 4: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 NUMBER
Slide 5: Forward Looking Statements (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 FO RW ARD LOOKING S TA TEMENTS (continued ) 5 • AT DECEMBER 31, 2017, WE HAD $24.1 MILLION OF CASH AND CASH EQUIVALENTS, $602.0 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, 2017 CORPORATE INFORMATION InterContinental Stephen F. Austin Austin, TX Operator: InterContinental Hotels Group Guest Rooms: 190
Slide 7: Company Profile
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 December 31, 2017, we owned 323 hotels and 199 travel centers located
Slide 8: Company Profile (continued)
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 COM PAN Y PROFILE (continued ) 8 COMPANY PROFILE Operating Statistics by Operating Agreement (as of 12/31/17) (dollars in thousands): Number of Rooms or Percent of Total Suites (Hotels) / Annualized Annualized
Slide 9: Investor Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 Managing T
Slide 10: Research Coverage
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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@rwbai
Slide 11: Financials
Hospitality Properties Trust Fourth Quarter 2017 Supplemental Operating and Financial Data All amounts in this report are unaudited. Sonesta ES Suites Orlando Orlando, FL Operator: Sonesta International Hotels Corp. Guest Rooms: 146 FINANCIALS Crowne Plaza San Jose – Silicon Valley Milpitas, CA Oper
Slide 12: Key Financial Data
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 Selected Balance Sheet Data: T
Slide 13: Consolidated Balance Sheets
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 CONSOLID ATED BALANCE SHEET S 13 CONSOLIDATED BALANCE SHEETS (dollar amounts in thousands, except share data) As of December 31, 2017 2016 ASSETS Real estate properties: Land $ 1,668,797 $ 1,566,630 Buildings,
Slide 14: Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 CONSOLID ATED S TA TEMENTS OF INCOM E 14 CONSOLIDATED STATEMENTS OF INCOME (amounts in thousands, except share data) For the Three Months Ended December 31, For the Year Ended December 31, 2017 2016 2017 2016 R
Slide 15: Notes to Consolidated Statements of Income
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 NOTES TO CONSOLID ATED S TA TEMENTS OF INCOME 15 NOTES TO CONSOLIDATED STATEMENTS OF INCOME (dollar amounts in thousands, except share data) (1) At December 31, 2017, we owned 323 hotels; 320 of these hotels we
Slide 16: Consolidated Statements of Cash Flows
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 CONSOLID ATED S TA TEMENTS OF CASH FLOW S 16 CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) For the Year Ended December 31, 2017 2016 Cash flows from operating activities: Net income $ 215,143 $ 223,110 A
Slide 17: Debt Summary
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 DEBT SUMMA RY 17 DEBT SUMMARY As of December 31, 2017 (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, 2017 DEBT M ATURIT Y SCHEDUL E 18 DEBT MATURITY SCHEDULE As of December 31, 2017 (dollars in thousands) Unsecured Unsecured Floating Fixed Year Rate Debt Rate Debt Total (3) 2018 $ 398,000 (1) $ — $ 398,000 2019 400
Slide 19: Leverage Ratios, Coverage Ratios and Public Debt Covenants
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/20
Slide 20: FF&E Reserve Escrows
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 FF&E RESE RVE ESCROW S 20 FF&E RESERVE ESCROWS (1) (dollars in thousands) As of and For the Three Months Ended 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 FF&E reserves (beginning of period) $ 73,115 $
Slide 21: Property Acquisition and Disposition Information Since January 1, 2017
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 Number of Rooms Average o
Slide 22: Calculation of EBITDA and Adjusted EBITDA
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 Year Ended December 31, 12/31/2017 9/30/2017 6/30/2017 3/31/2017 1
Slide 23: Calculation of FFO and Normalized FFO
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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) (dollar
Slide 24: Non-GAAP Financial Measures Definitions
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 and
Slide 25: Operating Agreements and Portfolio Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 OPERATING AGREEMENTS AND PORTFOLIO INFORMATION TA Travel Center, I-75, Exit 296 Cartersville, GA Operator: TravelCenters of America
Slide 26: Portfolio by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 PORTFOLIO B Y OPER ATING AGREEMENT AND MANAGER 26 PORTFOLIO BY OPERATING AGREEMENT AND MANAGER As of December 31, 2017 (dollars in thousands) Percent of Percent of Percent of Total Number of Total Total Number
Slide 27: Portfolio by Brand
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 2017 PORTFOLIO B Y BRAN D 27 PORTFOLIO BY BRAND As of December 31, 2017 (dollars in thousands) Number of Percent of Percent of Rooms or Total Number of Total Suites (Hotels) / Rooms or Suites Percent of Investment N
Slide 28: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 M
Slide 29: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 TRS
Slide 30: Operating Agreement Information
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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, whic
Slide 31: Operating Statistics by Hotel Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 Year Ended No. of Rooms or Decembe
Slide 32: Coverage by Operating Agreement and Manager
Hospitality Properties Trust Supplemental Operating and Financial Data, December 31, 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 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12
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