Service Properties: Q4 Financial Overview

Service Properties Trust Reports Fourth Quarter Performance

Located in Newton, Massachusetts, Service Properties Trust (SVC) announced its fourth quarter financial results on Wednesday, highlighting a significant profitability metric.

During the quarter, the real estate investment trust recorded funds from operations totaling $27.5 million, which equates to 17 cents per share.

Funds from operations is an important indicator in the REIT sector, calculated by adjusting net income for factors like depreciation and amortization.

The company also disclosed a net loss of $782,000 for the period, amounting to less than one cent per share.

Quarterly revenue reached $397.5 million for the Newton-based trust.

Over the full year, Service Properties Trust reported funds from operations of $129.9 million, with total revenue coming in at $1.81 billion.

Looking ahead, the company anticipates its funds from operations for the upcoming year will fall between 65 and 77 cents per share.