Service Properties Trust announced its financial results for the first quarter ended March 31, 2025, reporting funds from operations (FFO) of $10.8 million, or 7 cents per share. The company's FFO and revenues for the quarter surpassed analyst estimates.
Despite beating estimates, SVC reported a net loss of $116.4 million, or 70 cents per share, on total revenues of $435.2 million. This indicates that while operational performance showed some strength, overall profitability remained under pressure.
The company achieved 2.6% RevPAR growth for its hotel portfolio during the quarter. However, this positive operational metric was partially offset by the continued impact of increased interest expenses and ongoing renovation disruptions across its properties.
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