| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 264.58 | 21.0% |
| Total Income | 264.58 | 21.0% |
| Expenditure | 365.33 | 18.3% |
| PBT | -147.00 | 31.7% |
| Net Profit | -151.18 | 29.8% |
| OPM | — | |
| NPM | -57.14% | 22.38pp |
| EPS | -0.91 | 30.0% |
Service Properties Trust Announces First Quarter 2026 Results
07 May 2026 · 7 May, 1:56 am
Summary
Service Properties Trust announced its financial results for the quarter ended March 31, 2026. The company reported a net loss of $151.2 million, or $0.91 per common share, and normalized FFO of $7.4 million, or $0.04 per common share. Adjusted EBITDAre for the quarter was $107.5 million. The company declared a quarterly distribution of $0.01 per share and provided full year 2026 guidance, including a total RevPAR between $108.00 and $113.00.
Key Highlights
- 1
Service Properties Trust reported a net loss of $151.2 million, or $0.91 per common share, for the first quarter of 2026.
- 2
Normalized FFO for Q1 2026 was $7.4 million, or $0.04 per common share.
- 3
Adjusted EBITDAre for the first quarter reached $107.5 million.
- 4
Hotel RevPAR for Q1 2026 was $103.90.
- 5
Net lease NOI amounted to $92.4 million for the quarter.
- 6
The company sold one hotel with 133 keys for $7.1 million during the quarter.
- 7
SVC redeemed $300.0 million of 4.95% senior unsecured notes due 2027 using cash on hand.
Management Comments
Christopher Bilotto
“Since the beginning of the year, we have made measurable progress advancing SVC’s strategic transformation while significantly strengthening our financial profile. During the quarter, we closed on a $745 million asset-backed securitization with a 5.96% weighted average coupon and followed with a $575 million equity raise in April. Together with cash on hand, these actions enabled us to address more than $1.5 billion of debt maturities, positioning the company with lower leverage and improved free cash flow generation. Operational execution remains a priority as we continued our capital recycling program and active asset management across both our hotel and net lease properties. With an improved debt maturity ladder and a more focused portfolio, we believe SVC is increasingly positioned to deliver long-term growth.”
Informational and educational content only. Not investment advice.