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Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript Summary

Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript Summary

service properties trust (SVC) 2024年第三季度業績會電話會議記錄摘要
富途資訊 ·  11/08 02:23  · 電話會議

The following is a summary of the Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript:

以下是Service Properties Trust (SVC) 2024年第三季度業績會通話記錄摘要:

Financial Performance:

財務表現:

  • Normalized FFO (Funds From Operations) for Q3 2024 was reported at $52.9 million, or $0.32 per share, compared to $0.56 per share in the same quarter last year.

  • Total gross operating profit margin percentage saw a reduction of 380 basis points to 27.5%.

  • Adjusted EBITDAre declined 11.6% year-over-year to $155 million.

  • Increased interest expense and lower hotel EBITDA continue to impact financial results negatively.

  • 2024年第三季度Normalized FFO (經營性資金) 報告爲5290萬美元,每股0.32美元,與去年同期每股0.56美元相比。

  • 總毛營業利潤率百分比降低了380個點子至27.5%。

  • 調整後的EBITDAre同比下降了11.6%,至15500萬美元。

  • 利息支出增加和酒店EBITDA下降繼續對財務業績產生負面影響。

Business Progress:

業務進展:

  • SVC announced plans to sell 114 focused service hotels in Sonesta portfolio, targeting proceeds of approximately $1 billion, anticipated in 2025.

  • Operating statistics were provided for hotels being exited and those expected to be retained, illustrating strategic refining of the portfolio towards higher-performing assets.

  • Completed major renovations at multiple hotels during Q3, with further renovations planned.

  • SVC宣佈計劃出售Sonesta酒店組合中的114家專營服務酒店,目標獲得約10億美元的收入,預計於2025年完成。

  • 爲即將退出和預計保留的酒店提供了運營統計數據,展示了將組合調整爲表現更好資產的戰略。

  • 第三季度完成了多家酒店的重大翻新工程,並計劃進行進一步翻新。

Opportunities:

機會:

  • The projected sale of 114 hotel properties is expected to not only decrease future capital expenditures by approximately $725 million over six years but also enhance SVC's focus on higher-performing full service and select service hotels.

  • SVC's efficient management of its strong net lease portfolio, which maintains consistent performance, provides stable cash flows aiding financial and operational flexibility.

  • 預計出售114家酒店物業,預計未來六年可減少約72500萬美元的資本支出,同時加強SVC對錶現更好的全服務和精選服務酒店的關注。

  • SVC高效管理其強大的淨租賃資產組合,維持穩定績效,提供穩定現金流,有助於提升財務和運營靈活性。

Risks:

風險:

  • Revenue displacement from hotels undergoing renovations negatively impacted performance, with full recovery expected to take time.

  • Rising labor costs and operational expenses in a fluctuating economic environment pose sustained pressure on profitability.

  • 由於酒店翻新帶來的營業收入損失對業績產生負面影響,完全恢復預計需要一段時間。

  • 在經濟環境波動的情況下,勞動力成本和營業費用上漲持續給盈利能力帶來持續的壓力。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


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