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Service Properties Trust Swings to Q1 FFO Loss, Lower Revenue

05/10/2021 02:03

06:01 AM EDT, 05/10/2021 (MT Newswires) -- Service Properties Trust (SVC) on Friday reported a Q1 loss in normalized funds from operations of $0.26 per share, compared with a profit of $0.75 per share a year earlier.

Analysts surveyed by Capital IQ were expecting an FFO loss of $0.09 per share.

The real estate investment trust generated revenue of $261.2 million, down from $483.8 million last year.

Analysts were expecting revenue of $281.1 million.

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