Service Properties Trust Q2 Normalized FFO Per Share $0.58 Up From $0.54 YoY, Sales $503.78M Beat $500.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Properties Trust (NASDAQ:SVC) reported Q2 Normalized FFO per share of $0.58, a 7.41% increase YoY. The company's quarterly sales of $503.78M beat the analyst consensus estimate of $500.90M by 0.57%, despite a 2.33% decrease from the same period last year.
August 07, 2023 | 8:25 pm
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Service Properties Trust reported a YoY increase in Q2 Normalized FFO per share and beat sales estimates, despite a decrease from last year.
Service Properties Trust's Q2 results show a YoY increase in Normalized FFO per share and sales beating estimates, which are positive indicators for the company's performance. Despite a decrease in sales from last year, the company still managed to beat estimates, which could positively impact the stock price in the short term.
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