SVC Q2 2024 Earnings — Service Properties Trust Revenue & Financial Results | Market Cap Arena

SVCService Properties Trust

$365M

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$513M+1.8% YoY

Gross Profit

$180M35.0% margin

Operating Income

$73M14.3% margin

Net Income

-$74M-14.4% margin

EPS (Diluted)

$-0.45

QoQ Revenue Growth

+17.6%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$44M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$6.1B

Stockholders' Equity

$1.0B

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$513M	$504M	+1.8%
Gross Profit	$180M	$189M	-5.1%
Operating Income	$73M	$177M	-58.5%
Net Income	-$74M	-$11M	-554.8%

Revenue Segments

Hotel Segment

$412M80%

Net Lease Segment

$100M20%