secwatch.observer — SEC 8-K summary
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Issuer:     Service Properties Trust (SVC)
CIK:        0000945394
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000945394-22-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945394/000094539422000062/0000945394-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945394/000094539422000062/svc-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000945394-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer