| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 320.07 | 21.0% | 20.9% |
| Total Income | 320.07 | 21.0% | 20.9% |
| Expenditure | 548.44 | 50.1% | 25.0% |
| PBT | -223.72 | 52.2% | 501.7% |
| Net Profit | -223.84 | 48.1% | 486.6% |
| OPM | — | ||
| NPM | -69.93% | 12.79pp | 60.50pp |
| EPS | -1.75 | 92.3% | 660.9% |
Service Properties Trust Announces Second Quarter 2026 Results
06 Aug 2026 · 6 Aug, 2:24 am
Summary
Service Properties Trust reported its financial results for the second quarter ended June 30, 2026. The company highlighted operational improvements, with its net lease portfolio growing Cash Basis NOI by 2.2% year over year and Retained Hotels increasing RevPAR by 6.6% and hotel EBITDA by 4.2%. Normalized FFO was $0.43 per share and Adjusted EBITDAre was $146 million for the quarter. Management stated a focus on continued performance improvement of hotel properties to enhance cash flow and shareholder value.
Key Highlights
- 1
Service Properties Trust announced its financial results for the quarter ended June 30, 2026.
- 2
The company declared a quarterly distribution of $0.05 per share on its common shares.
- 3
SVC's net lease portfolio grew Cash Basis NOI by 2.2% year over year.
- 4
Retained Hotels increased RevPAR by 6.6% and hotel EBITDA by 4.2% year over year.
- 5
The portfolio generated second quarter Normalized FFO of $0.43 per share and Adjusted EBITDAre of $146 million.
- 6
SVC sold 20 properties totaling approximately $31.6 million since the beginning of the second quarter.
- 7
The company redeemed $550 million of senior notes and currently has no borrowings under its $650 million revolving credit facility.
Management Comments
Christopher Bilotto
SVC’s second quarter results demonstrate continued momentum in repositioning SVC and strengthening the company’s cash flows through our active asset management and capital markets initiatives. Operationally, our net lease portfolio grew Cash Basis NOI by 2.2% year over year, and our Retained Hotels increased RevPAR by 6.6% and hotel EBITDA by 4.2%, reflecting the increasing benefits of recently completed renovations. Overall, the portfolio generated second quarter Normalized FFO of $0.43 per share and Adjusted EBITDAre of $146 million. Additionally, we continued to advance our disciplined capital recycling strategy. Since the beginning of the second quarter, we sold 20 properties totaling approximately $31.6 million, including 19 retail net lease properties and one hotel. Combined with the successful common share offering completed during the quarter, we redeemed $550 million of senior notes and currently have no borrowings under our $650 million revolving credit facility. Looking ahead to the second half of 2026, we remain focused on continued performance improvement of our hotel properties, geared toward improving cash flow and creating value for our shareholders.
Informational and educational content only. Not investment advice.