Service Properties (SVC) Misses Q2 FFO Estimates

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.45 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -8.16%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.19 per share when it actually produced FFO of $0.13, delivering a surprise of -31.58%. Over the last fo ...