NASDAQ$SVC

Service Properties Trust · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Service Properties Trust announced first quarter 2023 results.

Service Properties Trust announced its financial results for the quarter ended March 31, 2023. They owned 220 hotels with over 37,000 guest rooms and 765 retail service-focused net lease properties totaling over 13.3 million square feet as of March 31, 2023.

  • SVC is a real estate investment trust, or REIT.
  • SVC has over $11 billion invested in hotels and service-focused retail net lease properties.
  • As of March 31, 2023, SVC owned 220 hotels with over 37,000 guest rooms.
  • As of March 31, 2023, SVC also owned 765 retail service-focused net lease properties totaling over 13.3 million square feet.

Headline financials

Total Revenue

$429M

Previous: $394M+9.0%
EPS (adj)

$0.23

Previous: -$0.02+1250.0%
Capital Expenditures

-$28.6M

Previous: -$26.6M-7.5%
Free Cash Flow

-$2.6M

Previous: -$146M+98.2%
Net Income

$26M

Previous: -$120M+121.7%
Operating Income

$114M

Previous: $82.5M+38.1%
Gross Profit

$130M

Previous: $103M+25.4%
Cash & Equivalents

$181M

Previous: $970M-81.4%
Total Assets

$7.48B

Previous: $9.02B-17.0%

Revenue & EPS history

Service Properties Trust · Revenue · Quarterly

$429M

Q1 2023+9%vs Q1 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Service Properties Trust · $97.8M total across 1 segment · Q3 2022

  • Rental Income
    $97.8M-0.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.2%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-0.5%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+43.3%

Q3 2020

Best reaction

-19.2%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+3.9%+1.3%
Q4 2025+6.8%+2.3%-19.5%
Q3 2025-6.5%-17.4%-17.0%
Q1 2025-2.9%+8.2%+13.5%
Q4 2024+9.0%+9.8%-1.1%
Q3 2024+6.8%+5.1%-6.1%
Q2 2024-4.7%-8.1%-9.3%
Q1 2024-6.4%-5.6%-15.0%
Q4 2023-9.0%-12.9%-9.2%
Q3 2023-3.5%-9.4%-1.7%
Q2 2023+5.7%+4.4%-2.9%
Q1 2023-6.7%-9.3%+0.2%
Q4 2022-1.9%+2.5%-12.4%
Q3 2022-3.0%-3.6%+1.0%
Q2 2022+9.5%+11.4%+0.6%
Q1 2022-12.5%-22.9%-16.3%
Q4 2021-1.3%-5.8%+0.2%
Q3 2021+5.6%+3.4%-24.8%
Q2 2021+11.3%+7.9%+5.5%
Q1 2021-4.4%-9.8%+5.7%
Q4 2020-3.2%-5.0%-4.3%
Q3 2020+43.3%+33.9%+63.6%
Q2 2020+15.1%+15.6%+20.8%
Q1 2020-19.2%-26.2%+65.6%
Q4 2019-2.5%-6.1%-62.5%
Q3 2019-4.5%-7.2%-6.0%
Q2 2019+2.0%+1.9%+2.7%
Q1 2019-0.0%+1.8%-6.0%
Q4 2018-1.1%-1.1%-3.9%
Q3 2018+2.7%+1.8%+2.5%
Q2 2018-0.2%+1.2%+2.3%
Q1 2018+6.3%+6.0%+9.4%
Q4 2017-4.2%-4.2%-0.4%
Q3 2017+2.2%+1.8%+3.8%
Q2 2017-5.0%-3.8%-4.4%
Q1 2017-5.4%-6.9%-4.4%
Q4 2016-1.4%-2.5%-0.8%
Q3 2016-2.4%+5.3%+12.2%
Q2 2016-0.8%-0.7%-4.3%
Q1 2016+0.6%
Q4 2015+2.5%
Q3 2015+0.8%
Q2 2015+5.0%
Q1 2015+2.9%
Q4 2014+1.0%
Q3 2014+1.3%
Q2 2014+0.7%
Q1 2014+3.3%
Q4 2013-0.1%
Q3 2013-2.2%
Q2 2013-0.5%
Q1 2013+2.3%
Q4 2012-0.8%
Q3 2012-3.3%
Q2 2012-5.3%
Q1 2012+0.8%
Q4 2010-1.7%
Q4 2011-1.7%
Q3 2011-6.2%
Q2 2011+8.2%
Q1 2010+4.8%
Q1 2011+1.3%
Q4 2008-6.1%
Q3 2009-7.9%
Q3 2010-7.9%
Q4 2009+2.5%
Q2 2010+2.5%
Q2 2009+2.5%

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