Service Properties Trust reported second quarter 2026 revenue of $421.0 million and Normalized FFO of $0.43 per share, beating revenue consensus by 4.3% while meeting FFO expectations.
Key Highlights
- Retained Hotels RevPAR grew 6.6% year-over-year, driven by a 2.4 percentage point increase in occupancy and a 3.1% rise in average daily rate.
- The Net Lease portfolio demonstrated steady performance, with Cash Basis NOI increasing 2.2% compared to the prior year.
- The company advanced its capital recycling strategy by selling 20 properties for $31.6 million since the start of the quarter and redeemed $550 million of senior notes.