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Service Properties Trust (SVC)
:SVC
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.39Last Year’s EPS
-0.26Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -21.45%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While SVC is taking strategic steps to improve liquidity and reduce leverage, including significant hotel sales and cost-saving measures, the company is facing challenges in its hotel portfolio with declining RevPAR and increased operating costs. Dividend reductions also highlight financial pressures.Company Guidance
During the third quarter 2024 earnings call for Service Properties Trust (SVC), the executives provided guidance focusing on liquidity improvement and debt reduction strategies. They announced a significant reduction in the regular quarterly dividend from $0.20 per share to $0.01 per share, resulting in approximately $127 million in annual savings. This move aims to accelerate deleveraging efforts. Furthermore, SVC plans to sell 114 focused service hotels with a net carrying value of $850 million, targeting proceeds of around $1 billion, which will contribute to reducing debt levels. The anticipated savings in capital expenditures from these sales are approximately $725 million over six years. Despite the ongoing hotel renovations affecting performance, SVC's retained portfolio is expected to generate improved RevPAR and EBITDA margins. The company is confident in its liquidity and refinancing capabilities, with $5.7 billion in fixed-rate debt at an average interest rate of 6.4% and over $700 million in total liquidity.Net Lease Portfolio Stability
The net lease portfolio represents 44% of SVC's portfolio by investment, with properties 97.6% leased and a weighted average lease term of 8.3 years. The portfolio continues to generate steady income, with minimum rent coverage stable at 2.2x.
Strategic Dispositions and Cost Savings
SVC announced plans to sell 114 focused service hotels, targeting $1 billion in proceeds. This sale is expected to save approximately $725 million in capital expenditures over six years.
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SVC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SVC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.31 | $3.16 | -4.53% |
| Aug 06, 2024 | $5.16 | $4.82 | -6.59% |
| May 07, 2024 | $5.84 | $5.47 | -6.34% |
| Feb 28, 2024 | $7.12 | $6.34 | -10.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Service Properties Trust (SVC) report earnings?
Service Properties Trust (SVC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Service Properties Trust (SVC) earnings time?
Service Properties Trust (SVC) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SVC EPS forecast?
SVC EPS forecast for the fiscal quarter 2024 (Q4) is -0.39.
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