Service Properties Trust Q1 FY26 net loss widens 29.8% to $151.18 million

• Service Properties Trust posted a net loss of $151.18 million, widening 29.8%, as revenue fell 16.3% to $364.45 million.
• Hotel operating revenues dropped 21% to $264.58 million, while rental income was little changed, edging down 0.3% to $99.88 million.
• Loss on early extinguishment of debt was $51.87 million, reflecting redemptions of senior notes during quarter.
• Hotel portfolio shrank to 93 properties from 202 a year earlier; retained hotels lifted occupancy 6.6 percentage points to 63% while RevPAR rose 14.6% to $113.
• Company said strategy remains focused on reducing debt, shifting toward service-focused retail net lease properties, and improving performance of hotels it expects to retain.

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