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Service Properties Trust Q2 Earnings Call Highlights
['Latisha Jones']
Daily Political
Vice President Jesse Abair said aggregate portfolio rent coverage improved to 2.09 times on a trailing 12-month basis.
The net lease portfolio includes 745 properties and nearly $400 million of annualized base rent.
Donley said SVC expects to address a $45 million net lease mortgage note maturing in January with asset-sale proceeds.
About Service Properties Trust (NASDAQ:SVC)Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.