Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript Summary
Service Properties Trust (SVC) Q3 2024 Earnings Conference Call Transcript Summary
Adjusted EBITDAre declined 11.6% year-over-year to $155 million.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。