Service Properties Trust (Service Properties Trust) Accounts Payable & Accrued Expense : $590.71 Mil (As of Mar. 2024)

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What is Service Properties Trust Accounts Payable & Accrued Expense?

Service Properties Trust's quarterly accounts payable & accrued expense increased from Sep. 2023 ($581.61 Mil) to Dec. 2023 ($609.76 Mil) but then declined from Dec. 2023 ($609.76 Mil) to Mar. 2024 ($590.71 Mil).

Service Properties Trust's annual accounts payable & accrued expense declined from Dec. 2021 ($454.99 Mil) to Dec. 2022 ($443.87 Mil) but then increased from Dec. 2022 ($443.87 Mil) to Dec. 2023 ($609.76 Mil).

Service Properties Trust Accounts Payable & Accrued Expense Historical Data

The historical data trend for Service Properties Trust's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Service Properties Trust Accounts Payable & Accrued Expense Chart

Service Properties Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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356.14

375.94

454.99

443.87

609.76

Service Properties Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															389.97	595.12	581.61	609.76	590.71

Service Properties Trust Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Service Properties Trust (Service Properties Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Service Properties Trust (NAS:HPTRP.PFD) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SVC:USA HPO:Germany

Address

255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634

Website

https://www.svcreit.com

Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel investment unit and net lease investments. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.