Service Properties Trust Q4 2023 FFO $0.31 Misses $0.36 Estimate, Sales $444.05M Beat $427.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Properties Trust (NASDAQ:SVC) reported Q4 2023 FFO of $0.31 per share, missing the $0.36 estimate, and sales of $444.05M, beating the $427.11M estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 28, 2024 | 10:10 pm
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NEGATIVE IMPACT
Service Properties Trust reported a miss in FFO per share but exceeded sales estimates for Q4 2023, with both earnings and sales showing a year-over-year decline.
The miss in FFO per share is likely to negatively impact investor sentiment in the short term, despite the sales beat. The year-over-year decline in both earnings and sales further contributes to a negative outlook, suggesting potential downward pressure on SVC's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100