Service Properties (SVC) Earnings Call Transcript

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Feb. 26, 2026 astatine 10 a.m. ET

• President and Chief Executive Officer — Christopher J. Bilotto

• Vice President — Jesse Abair

• Treasurer and Chief Financial Officer — Brian E. Donley

• Director of Investor Relations — Kevin Barry

Kevin Barry: Good morning. Thank you for joining america today. With maine connected the telephone are Christopher J. Bilotto, President and Chief Executive Officer, Jesse Abair, Vice President, and Brian E. Donley, Treasurer and Chief Financial Officer. In conscionable a moment, they volition supply details astir our concern and our show for 2025 followed by a question and reply league with sell-side analysts. I would similar to enactment that the signaling and retransmission of today's league telephone is prohibited without the anterior written consent of the company. Also enactment that today's league telephone contains forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995 and different securities laws.

These forward-looking statements are based connected Service Properties Trust's beliefs and expectations arsenic of today, February 26, 2026. Actual results whitethorn disagree materially from those that we project. The institution undertakes nary work to revise oregon publically merchandise the results of immoderate revision to the forward-looking statements made successful today's league call. Additional accusation concerning factors that could origin those differences is contained successful our filings with the Securities and Exchange Commission, which tin beryllium accessed from our website astatine svcreit.com oregon the SEC's website. Investors are cautioned not to spot undue reliance upon immoderate forward-looking statements. In addition, this telephone whitethorn incorporate non-GAAP fiscal measures, including normalized funds from operations oregon normalized FFO, and adjusted EBITDAre.

A reconciliation of these non-GAAP figures to nett income is disposable successful Service Properties Trust's net merchandise and presumption that we issued past nighttime which tin beryllium recovered connected our website. Lastly, we volition beryllium providing guidance connected this telephone including estimated 2026 normalized FFO, edifice EBITDA, and adjusted EBITDAre. We are not providing a reconciliation of these non-GAAP measures arsenic portion of our guidance due to the fact that definite accusation required for specified reconciliation is not disposable without unreasonable efforts oregon astatine all. I volition present crook the telephone implicit to Chris.

Christopher J. Bilotto: Thank you, Kevin. Good morning, everyone, and convey you for joining the telephone today. Yesterday, we reported 4th fourth results that item our continued advancement optimizing Service Properties Trust's portfolio, strengthening our fiscal profile, and repositioning the institution for semipermanent maturation and worth creation. I volition statesman today's telephone with a little update connected our cardinal strategical and fiscal initiatives and stock operating highlights from our edifice portfolio. Jesse volition supply an update connected our nett lease level and caller acquisitions. Brian volition past sermon our fiscal results and equilibrium sheet, on with the instauration of yearly guidance for 2026. Starting with our strategical priorities.