-+ 0.00%
-+ 0.00%
-+ 0.00%
Service Properties: Q2 Earnings Snapshot
Share
Listen to the news

NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Service Properties Trust (SVC) on Wednesday reported a key measure of profitability in its second quarter.

The Newton, Massachusetts-based real estate investment trust said it had funds from operations of $55 million, or 43 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $223.8 million, or $1.75 per share.

The real estate investment trust, based in Newton, Massachusetts, posted revenue of $421 million in the period.

Service Properties expects full-year funds from operations in the range of $1.20 to $1.35 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVC at https://www.zacks.com/ap/SVC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending