Service Properties (SVC) Misses Q3 FFO and Revenue Estimates

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -13.51%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.49 per share when it actually produced FFO of $0.45, delivering a surprise of -8.16%.Over the last four ...