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Dec 31, 2019
Service Properties Trust Q4 2019 Earnings Report
Service Properties Trust experienced a net loss and an increase in Adjusted EBITDAre and Normalized FFO.
Key Takeaways
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.
Net loss for the quarter ended December 31, 2019 was $14.9 million, or $0.09 per diluted common share.
Adjusted EBITDAre for the quarter ended December 31, 2019 increased 51.6% to $227.0 million.
Normalized FFO for the quarter ended December 31, 2019 were $151.6 million, or $0.92 per diluted common share.
SVC sold 130 net lease properties for $513 million during the quarter ended December 31, 2019.
Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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