Service Properties Trust
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Notes to Schedule IIIS-6
NOTES TO SCHEDULE III
(A)The change in total cost of properties for the period from January 1, 2022 to December 31, 2024 is as follows:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Balance at beginning of year | $9,415,896 | $9,174,451 | $9,790,010 |
| Additions: acquisitions and capital expenditures | 278,797 | 363,601 | 106,588 |
| Dispositions | (336,703) | (110,535) | (624,057) |
| Reclassification of properties held for sale | (85,367) | (11,621) | (98,090) |
| Balance at close of year | $9,272,623 | $9,415,896 | $9,174,451 |
(B)The change in accumulated depreciation for the period from January 1, 2022 to December 31, 2024 is as follows:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Balance at beginning of year | $2,950,685 | $2,749,862 | $3,069,348 |
| Additions: depreciation expense | 211,106 | 207,641 | 309,606 |
| Dispositions | (87,208) | (4,747) | (618,132) |
| Reclassification of properties held for sale | (45,539) | (2,071) | (10,960) |
| Balance at close of year | $3,029,044 | $2,950,685 | $2,749,862 |
(C)The aggregate cost tax basis for federal income tax purposes of our real estate properties was $6,520,266 on December 31, 2024.
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