Service Properties Trust Q1 2024 FFO $0.13 Misses $0.19 Estimate, Sales $436.250M Beat $427.755M Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Properties Trust (NASDAQ:SVC) reported Q1 2024 FFO of $0.13 per share, missing the $0.19 estimate, a 43.48% decrease from last year. Sales were $436.250M, beating the $427.755M estimate, a 1.64% increase from last year.

May 07, 2024 | 10:21 pm
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NEUTRAL IMPACT
Service Properties Trust reported a significant miss in FFO per share but exceeded sales estimates for Q1 2024, indicating mixed financial health.
The miss in FFO per share by 31.58% could concern investors about profitability and operational efficiency, potentially pressuring the stock price. However, the beat on sales estimates suggests resilience in revenue generation, which might offset some negative sentiment. The mixed results present a neutral outlook in the short term as investors digest both aspects of the financial report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100