Service Properties Trust filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 4, 2026, reporting a net loss of $462,956 thousand for the nine months ended September 30, 2026.

Key Highlights

  • Net loss of $87,940 thousand for the three months ended September 30, 2026, compared to a net loss of $46,945 thousand in the same period of 2025, according to the filing.
  • Nine-month net loss of $462,956 thousand ($4.76 per share, basic and diluted) versus a net loss of $201,539 thousand ($6.08 per share) for the nine months ended September 30, 2025.
  • Loss on asset impairment of $270,883 thousand for the nine months ended September 30, 2026, compared to $81,788 thousand in the prior-year period.
  • Issuance of 95,833,333 common shares in the second quarter of 2026, generating net proceeds of $541,798 thousand recorded in additional paid-in capital and common shares.
  • Total assets decreased to $5,720,456 thousand at September 30, 2026 from $6,491,580 thousand at December 31, 2025, as reported on the condensed consolidated balance sheet.
  • Secured debt, net, rose to $2,821,494 thousand at September 30, 2026 from $2,100,745 thousand at December 31, 2025, while unsecured debt, net, fell to $1,703,944 thousand from $3,233,683 thousand.
  • Loss on early extinguishment of debt, net of $61,589 thousand was recorded for the nine months ended September 30, 2026, versus $529 thousand in the prior-year period.

Service Properties Trust Financial Results: Nine Months Ended September 30, 2026

Service Properties Trust (NASDAQ:SVC), a Maryland real estate investment trust headquartered in Newton, Massachusetts, reported a net loss of $87,940 thousand for the three months ended September 30, 2026, according to the filing. Total revenues for the quarter were $399,520 thousand, comprised of hotel operating revenues of $298,379 thousand and rental income of $101,141 thousand, compared to total revenues of $478,770 thousand in the third quarter of 2025.

For the nine months ended September 30, 2026, the company disclosed total revenues of $1,184,945 thousand and total expenses of $1,313,597 thousand. Hotel operating revenues declined to $883,025 thousand from $1,116,944 thousand in the same prior-year period. The filing reported a loss on asset impairment of $270,883 thousand for the nine-month period, up from $81,788 thousand a year earlier. Interest expense for the nine months was $270,134 thousand, including amortization of debt issuance costs, discounts and premiums of $56,635 thousand. A loss on early extinguishment of debt, net, of $61,589 thousand was also recorded for the nine-month period.

At September 30, 2026, total shareholders' equity was $712,749 thousand, up from $646,124 thousand at December 31, 2025, reflecting the issuance of 95,833,333 common shares during the second quarter of 2026. As of November 2, 2026, the company reported 129,813,906 common shares of beneficial interest outstanding. Cash and cash equivalents stood at $40,118 thousand at September 30, 2026, down from $346,813 thousand at December 31, 2025. The filing noted that shares authorized increased from 200,000,000 to 900,000,000 between December 31, 2025 and September 30, 2026. The filing contains forward-looking statements that are the company's own and subject to its cautionary language.

What Was Disclosed

Service Properties Trust filed its quarterly report for the period ended September 30, 2026, disclosing a nine-month net loss of $462,956 thousand, significant asset impairment charges, a large share issuance, a shift in debt composition, and a substantial reduction in cash and cash equivalents.