Service Properties Trust

Service Properties Trust reported a substantial increase in net loss for the second quarter and first half of 2026, primarily driven by a significant loss on asset impairment and a loss on early extinguishment of debt. Total revenues also saw a decline compared to the prior year periods. The company completed a 1-for-5 reverse share split in July 2026, which has been retroactively applied to the financial statements, and issued a significant amount of common shares. The company also continued its strategy of property dispositions and acquisitions, alongside notable shifts in its debt structure.

Service Properties Trust announced its second quarter 2026 financial results, reporting a net loss of $223.8 million, or $1.75 per common share, which includes a $189.1 million loss on asset impairment. Normalized FFO was $0.43 per share and Adjusted EBITDAre reached $145.8 million. The company highlighted operational improvements with net lease NOI up 1.4% and Retained Hotels RevPAR up 6.6%. SVC also advanced its capital recycling strategy by selling 20 properties for $31.6 million and redeemed $550 million in senior notes following a successful common share offering.

Service Properties Trust announced a 1-for-5 reverse stock split of its common shares, effective July 6, 2026. This action converted every five outstanding common shares into one, reducing the total number of issued and outstanding shares from approximately 647.64 million to 129.53 million. The par value was temporarily adjusted and then reverted to $0.01 per share, and a new CUSIP number was issued.

Service Properties Trust shareholders approved the Third Amended and Restated 2012 Equity Compensation Plan, increasing the total common shares available for grant by 4,000,000 and extending the plan's term until June 11, 2036. Additionally, shareholders elected seven Trustees to the Board for a one-year term. A non-binding advisory resolution on executive compensation was approved, and Deloitte & Touche LLP was ratified as the independent auditors for the 2026 fiscal year.

Service Properties Trust (SVC) has released an investor presentation detailing its strategic shift towards becoming a predominantly necessity-based retail net lease REIT. The presentation outlines initiatives aimed at enhancing liquidity, accelerating deleveraging, and unlocking long-term value through capital recycling and operational improvements. SVC provided its full year 2026 guidance, projecting RevPAR growth and a range for Adjusted EBITDAre, while also discussing its portfolio transformation and the expected benefits from recent hotel renovations and dispositions.

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.

Service Properties Trust announced its first quarter 2026 financial results, reporting a net loss of $151.2 million and Normalized FFO of $7.4 million. The company made significant progress on its strategic transformation by addressing over $1.5 billion of debt maturities through a $745 million asset-backed securitization and a $575 million equity raise. SVC also provided updated full-year 2026 guidance, with Normalized FFO projected between $124.0 million and $144.0 million.