Service Properties: Q1 Earnings Snapshot
NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Service Properties Trust (SVC) on Monday reported a key measure of profitability in its first quarter.
The Newton, Massachusetts-based real estate investment trust said it had funds from operations of $37.1 million, or 23 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $26 million, or 16 cents per share.
The real estate investment trust, based in Newton, Massachusetts, posted revenue of $429.2 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVC at https://www.zacks.com/ap/SVC
