Service Properties Trust Drops After Net-Lease Plan Pitch
Service Properties Trust fell 3.5% to $1.66 Wednesday after updating investors on debt reduction, hotel sales, and a shift to retail net lease properties. The company reported $1.6 billion in 2026 capital-markets deals and reaffirmed its full-year EBITDAre outlook. Shares traded at 11.1 times 2026 EBITDA estimates, below net lease REIT peers. Trading volume reached 3.93 million on Nasdaq.