Service Properties Trust Q2 FY26 net loss widens to USD 223.84 million; revenue falls 16.4% to USD 420.97 million - SVC News | RalliesService Properties Trust Q2 FY26 net loss widens to USD 223.84 million; revenue falls 16.4% to USD 420.97 million
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SVC• Portfolio reshaping
- Portfolio reshaping continued, with one hotel sold in the first half for USD 7.1 million; 12 more hotels under agreement for USD 77.35 million.
Quarterly results and expenses
- Service Properties Trust widened its GAAP net loss to USD 223.84 million, or USD 1.75 a share, in the quarter ended June 30, 2026.
- GAAP revenue fell 16.4% to USD 420.97 million, as hotel operating revenues dropped 20.9% to USD 320.07 million.
- Total expenses climbed 25% to USD 548.44 million on a USD 189.1 million asset-impairment charge.
- Funds from operations (non-GAAP) decreased to USD 43.94 million; normalized FFO slid to USD 55.02 million from USD 57.6 million.
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