Earnings ·
Service Properties Trust reported a net loss of $223.8 million, or $1.75 per share, for the quarter ended June 30…
SVCService Properties Trust
Service Properties Trust reported a net loss of $223.8 million, or $1.75 per share, for the quarter ended June 30, 2026, driven by an $189.1 million impairment loss on hotels marketed for sale. The company generated Normalized FFO of $0.43 per share and Adjusted EBITDAre of $145.8 million. Net lease NOI increased 1.4% year-over-year to $94.9 million with 96.6% occupancy, while retained hotel RevPAR rose 6.6% to $134.53. SVC raised $541.8 million in a common share offering and used proceeds to redeem $550 million of senior notes, leaving no revolving credit facility borrowings as of August 5, 2026. The company declared a quarterly distribution of $0.05 per share, payable on or about August 13, 2026, to shareholders of record as of July 20, 2026. Service Properties Trust is a real estate investment trust that owns service-focused retail net lease properties and hotels.