Service Properties reports Q3 2026 results and rejects $2 billion hotel portfolio offer
+2 new sources since this summary was written
Service Properties Trust posted third‑quarter 2026 normalized FFO of 34 cents per share and adjusted EBITDA of $133.5 million, both above consensus. The REIT recorded a net loss of $87.9 million, or 68 cents per share, and revenue of $399.52 million. It sold 14 hotels for $116.7 million, completing its 2026 disposition program, and unanimously rejected an unsolicited $2 billion non‑binding proposal to buy its hotel portfolio, calling it significantly undervalued.
Why it matters
The earnings miss on EPS may weigh on the stock, while the FFO beat and the rejection of the $2 billion offer signal management’s confidence in long‑term value, potentially supporting the full‑year FFO guidance of $1.07‑$1.22 per share cited by the company.
Key facts
- 1Normalized FFO was 34 cents per share, exceeding consensus estimates. finance.yahoo.com
- 2Adjusted EBITDA was $133.5 million, above consensus estimates. finance.yahoo.com
- 3Revenue was $399.52 million. investing.com
- 4Net loss was $87.9 million, or 68 cents per share. finance.yahoo.com
- 5The REIT sold 14 hotels for $116.7 million, completing its 2026 disposition program. finance.yahoo.com
- 6The board unanimously rejected an unsolicited non‑binding $2 billion proposal to acquire the hotel portfolio, deeming it significantly undervalued. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.