SVC Posts Wider $0.68 Quarterly Loss, Cuts 2026 FFO Guidance
SVC is trading near its 52-week low of $5.65 (9.9% above the low).
Summary
Service Properties Trust reported a Q3 adjusted loss of 68 cents a share, far wider than the 29-cent loss four analysts expected, on revenue of $399.52 million — down 16.6% year over year but above the $391.18 million consensus. The net loss was $87.94 million. The one bright spot: Q3 Normalized FFO of $0.34 a share beat the $0.31 estimate, per the same-day 8-K. But the company cut full-year 2026 FFO guidance by $0.13 at the midpoint, and the board took action disclosed alongside the results. This lands on top of a rough stretch: the 10-Q shows a $463 million nine-month loss with $271 million of impairments and cash down to $40 million, and the $650 million revolver matures June 2027 with refinancing still being explored. The stock is down 32.5% year to date and fell 3.6% during the quarter.
At the time of this announcement, SVC was trading at $6.21 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $813.3M. The 52-week trading range was $5.65 to $12.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.