Earnings ·
Reports Q3 net loss of $0.68 per share and rejects TKO's non-binding $2B hotel acquisition proposal
SVCService Properties Trust
Service Properties Trust reported a third-quarter net loss of $87.9 million, or $0.68 per common share, driven by significant asset impairments and losses on debt extinguishment. The company generated Normalized FFO of $43.8 million, or $0.34 per share, and Adjusted EBITDAre of $133.5 million. In October 2026, the Board unanimously rejected an unsolicited, non-binding proposal from TKO LLC to acquire its hotel portfolio for $2 billion, deeming it a significant undervaluation. SVC also declared a quarterly distribution of $0.05 per share, payable on or about November 12, 2026, to shareholders of record as of October 19, 2026. The company continues its strategy of disposing non-core hotels and acquiring service-focused retail net lease properties while negotiating with lenders to extend or refinance its secured revolving credit facility. Service Properties Trust is a real estate investment trust that owns service-focused retail net lease properties and hotels throughout the United States and Canada.