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Stock impact report

Service Properties Trust Announces Efforts to Mitigate COVID-19 Impact

Service Properties Trust - Shares of Beneficial Interest (SVC) 
Last service properties trust - shares of beneficial interest earnings: 2/28 07:00 am Check Earnings Report
Company Research Source: Business Wire
Reduces Quarterly Common Share Dividend Per Share to $0.01 to Preserve CapitalDeferring Planned Capital ProjectsSufficient Liquidity to Fund Operations for a Sustained Period NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that due to the uncertainty from the rapidly evolving COVID-19 (coronavirus) pandemic on the U.S. economy generally and the lodging industry in particular, SVC is undertaking significant efforts to address the operating and financial impact of the current crisis. The decline in hotel occupancy caused by this pandemic has been dramatic and the duration and severity of its impact on the U.S. economy is unknown. COVID-19 protocols implemented by state and local governments have also impacted certain industries where some of SVC’s net lease tenants operate, such as casual dining establishments and movie theaters.As a result of these conditions, in order to preserve cash and liquidity, SVC’s Board of Trustees has decided to reduc Show less Read more
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