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Sep 30, 2021
Service Properties Trust Q3 2021 Earnings Report
Announced third quarter 2021 results, with a net loss of $(0.36) per common share, normalized FFO of $0.27 per common share, and adjusted EBITDAre of $137.3 million.
Key Takeaways
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.
Net loss for the quarter ended September 30, 2021 was $59.7 million, or $0.36 per diluted common share.
Normalized FFO for the quarter ended September 30, 2021 were $43.8 million, or $0.27 per diluted common share.
Adjusted EBITDAre for the quarter ended September 30, 2021 increased 32.5% to $137.3 million.
As of September 30, 2021, SVC had $912.5 million of cash and cash equivalents.
Forward Guidance
Preliminary October 2021 occupancy, ADR and RevPAR are projected to be 59.2%, $116.07 and $68.73, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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