Service Properties Trust (SVC) Tops Q4 EPS by 1c

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Service Properties Trust Announces Fourth Quarter 2022 Results

February 28, 2023 4:15 PM EST

Net Loss of $(0.19) Per Common Share

159% Increase in Normalized FFO to $0.44 Per Common Share

27% Increase in Adjusted EBITDAre to $150.5 Million

Completes $610.2 Million Secured Financing

Agrees to Amend Lease Terms upon Completion of BPs Acquisition of TravelCenters of America Inc.

NEWTON, Mass.--(BUSINESS... More