Service Properties Trust (SVC) Form 8-K — Nov 4, 2026
Service Properties Trust reported Q3 2026 results with Normalized FFO of $0.34 per share and Adjusted EBITDAre of $133.5 million, both exceeding consensus, while rolling four-quarter cash available for distribution turned positive at $12.6 million. The Board unanimously rejected an unsolicited, non-binding $2.0 billion proposal from TKO LLC to acquire SVC's entire 87-hotel portfolio, stating it significantly undervalues the assets, and management said it will continue executing its turnaround strategy instead.
Key figures
- Revenue
- 399520000
- Guidance
- FY2026 Normalized FFO $113.0M-$128.0M ($1.07-$1.22/share), lowered from prior $124.0M-$144.0M; Adjusted EBITDAre $489.0M-$498.0M, lowered from $500.0M-$520.0M
- Total Debt
- 4652322000
- Cash Position
- 112800000
- Rent coverage
- 2.17x
- Normalized ffo
- $43.8 million
- Total liquidity
- $762.8 million as of Nov 2, 2026
- Adjusted ebitdare
- $133.5 million
- Hotel dispositions
- 14 hotels sold for ~$116.7 million
- Tko proposal value
- $2.0 billion
- Annualized dividend
- $0.20/share
- Net lease occupancy
- 97.6%
- Net debt to ebitdare
- 9.0x
- Quarterly distribution
- $0.05/share
- Normalized ffo per share
- $0.34
- Adjusted hotel ebitda growth
- 16.2% YoY
- Retained hotel revpar growth
- 8.3% YoY
AI analysis
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