SVC Q1 2024 Earnings — Service Properties Trust Revenue & Financial Results | Market Cap Arena

SVCService Properties Trust

$365M

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$436M+1.6% YoY

Gross Profit

$126M29.0% margin

Operating Income

$23M5.2% margin

Net Income

-$78M-18.0% margin

EPS (Diluted)

$-0.47

QoQ Revenue Growth

-1.8%

Cash Flow

Operating Cash Flow

-$926,000

Free Cash Flow

-$926,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$6.1B

Stockholders' Equity

$1.1B

Cash & Equivalents

$71M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$436M	$429M	+1.6%
Gross Profit	$126M	$125M	+1.3%
Operating Income	$23M	$114M	-80.0%
Net Income	-$78M	$26M	-402.1%

Revenue Segments

Hotel Segment

$336M77%

Net Lease Segment

$100M23%