Service Properties Trust (SVC) released its first quarter 2025 financial results, which are available on their investor relations website. The company also announced a conference call to discuss these results.
Service Properties Trust (SVC) announced its financial results for the quarter ended December 31, 2024. The full financial results are available on SVC's website.
Service Properties Trust announced its financial results for the quarter ended September 30, 2024.
Service Properties Trust announced its financial results for the quarter ended June 30, 2024.
Service Properties Trust announced its financial results for the quarter ended March 31, 2024. The company held a conference call on May 8, 2024, to discuss these results.
Service Properties Trust announced its financial results for the quarter ended December 31, 2023.
Service Properties Trust announced its financial results for the quarter ended September 30, 2023.
Service Properties Trust announced its financial results for the quarter ended June 30, 2023. The company owned 221 hotels with over 37,000 guest rooms and 763 retail service-focused net lease properties totaling approximately 13.5 million square feet as of June 30, 2023.
Service Properties Trust announced its financial results for the quarter ended March 31, 2023. They owned 220 hotels with over 37,000 guest rooms and 765 retail service-focused net lease properties totaling over 13.3 million square feet as of March 31, 2023.
Service Properties Trust announced its Q4 2022 financial results, featuring a net loss of $(0.19) per common share but a 159% increase in Normalized FFO to $0.44 per common share. Adjusted EBITDAre also increased by 27% to $150.5 million. The company completed a $610.2 million secured financing and agreed to amend lease terms upon completion of BP’s Acquisition of TravelCenters of America Inc.
Service Properties Trust announced its Q3 2022 financial results, featuring a net income of $0.05 per common share and a significant increase in normalized FFO and adjusted EBITDAre. The company also increased its quarterly dividend to $0.20 per common share, reflecting confidence in the business.
Service Properties Trust reported a net loss of $(0.73) per common share for Q1 2022. The company's Adjusted EBITDAre increased to $90.1 million. SVC amended its revolving credit facility and extended the maturity to January 2023. The company also made progress on its hotel disposition plan.
Service Properties Trust reported a net loss of $198.8 million, or $1.21 per diluted common share, for the quarter ended December 31, 2021. Normalized FFO was $27.9 million, or $0.17 per diluted common share. Adjusted EBITDAre increased 83.2% to $119.0 million.
Service Properties Trust reported a net loss of $0.36 per common share for the third quarter of 2021. Normalized FFO was $0.27 per common share, and Adjusted EBITDAre reached $137.3 million. The company's hotel portfolio showed continued recovery with positive monthly hotel EBITDA since April and increased occupancy and RevPAR.
Service Properties Trust announced its financial results for the quarter ended December 31, 2020, which reflect the continuing impact of the COVID-19 pandemic. The company transitioned 112 hotels to Sonesta brands and management, and rent collections from retail net lease tenants were stable at 95.3%.
Service Properties Trust reported a net loss of $102.6 million for the third quarter of 2020, with Normalized FFO at $0.14 per share and Adjusted EBITDAre at $103.6 million, influenced by the COVID-19 pandemic and the termination of hotel management agreements with IHG and Marriott.
Service Properties Trust reported a net loss of $37.3 million, or $0.23 per diluted common share, for the second quarter of 2020, compared to a net income of $8.8 million, or $0.05 per diluted common share, for the same quarter in 2019. Normalized FFO for the quarter was $78.2 million, or $0.48 per diluted common share, compared to $168.8 million, or $1.03 per diluted common share, in the prior year.
Service Properties Trust announced its financial results for the quarter ended March 31, 2020, reporting a net loss of $33.7 million, or $0.20 per diluted common share, and Normalized FFO of $123.1 million, or $0.75 per diluted common share. The company has taken steps to preserve capital and amended its credit agreement to obtain waivers from compliance with certain financial covenants.
Service Properties Trust reported a net loss of $(0.09) per common share for the fourth quarter of 2019. However, Adjusted EBITDAre increased by 51.6% and Normalized FFO was $0.92 per diluted common share. The company sold more than $500 million of net lease assets and restructured business arrangements with Marriott and Sonesta.