SVC Q3 net income $7.5M vs loss YoY; normalized FFO $0.54/share, up 100%

Service Properties Trust

2022-Q3 EPS reported -$0.61 revenue$1,407,792,000

Net income $7.5M ($0.05/share) vs net loss of $59.7M ($0.36 loss) in Q3 2021.
Normalized FFO $88.5M ($0.54/share), up from $43.8M ($0.27) YoY; Adj. EBITDAre $173.5M, +26.3%.
Comparable hotel RevPAR +29.6% YoY; hotel EBITDA +77.1% on 240 hotels.
Quarterly dividend increased to $0.20/share ($0.80/yr), from $0.04/share prior.
Liquidity ~$819M; agreed to sell 20 hotels for $162.5M, most expected by Q1 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Service Properties Trust reported the quarter ended September 30, 2022 results: net income $0.05 per common share.

Period: the quarter ended September 30, 2022
Net income: $0.05 per common share
Result: reported results

Exact text from the filing

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000945394-22-000062

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