Quarterly ResultMay 6, 2026, 04:28 PM
Service Properties Trust Q1 Net Loss $(151.2)M; Revenues $364.5M
AI Summary
Service Properties Trust reported a net loss of $(151.2) million, or $(0.91) per share, for Q1 2026, a significant increase from the $(116.4) million net loss in Q1 2025. Total revenues decreased to $364.5 million from $435.2 million year-over-year. The company also recorded a $51.9 million loss on early extinguishment of debt, primarily due to the redemption of $300 million in senior unsecured notes. This quarter saw a substantial shift in the company's debt structure, with unsecured debt decreasing by $984.5 million and secured debt increasing by $736.8 million.
Key Highlights
- Net loss for Q1 2026 was $(151.2) million, compared to $(116.4) million in Q1 2025.
- Total revenues for Q1 2026 were $364.5 million, down from $435.2 million in Q1 2025.
- Net loss per common share was $(0.91) for Q1 2026, versus $(0.70) for Q1 2025.
- Recorded a $51.9 million loss on early extinguishment of debt in Q1 2026.
- Redeemed $300 million of 4.95% senior unsecured notes due 2027 in January 2026.
- Unsecured debt decreased by $984.5 million, while secured debt increased by $736.8 million.
- Cash and cash equivalents decreased from $346.8 million to $19.3 million.
- Sold three properties for $8.4 million and acquired three for $7.4 million in Q1 2026.
Price Impact
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