Service Properties Trust (NASDAQ:SVC) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET
Company Participants
Kristin Brown - Director of Investor Relations
Todd Hargreaves - President and Chief Investment Officer
Brian Donley - Treasurer and Chief Financial Officer
Conference Call Participants
Bryan Maher - B. Riley FBR
Tyler Batory - Oppenheimer & Company
Operator
Good morning and welcome to Service Properties Trust Second Quarter 2022 Financial Results Conference Call. This call is being recorded. [Operator Instructions]
At this time for opening remarks and introduction, I'd like to turn the call over to the Director of Investor Relations, Kristin Brown. Please go ahead.
Kristin Brown
Good morning. Joining me on today's call are Todd Hargreaves, President and Chief Finance -- Investment Officer, and Brian Donley, Treasurer and Chief Financial Officer.
Today's call includes the presentation by management, followed by a question-and-answer session with analysts. Please note that the recording, retransmission, and transcription of today's conference call is prohibited without the prior written consent of SVC.
I would like to point out that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other security laws. These forward-looking statements are based on SVC's present beliefs and expectations as of today, August 5th, 2022. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made on today's conference call other than through filings with the Securities and Exchange Commission or SEC.
In addition, this call may contain non-GAAP financial measures, including normalized funds from operations or normalized FFO and adjusted EBITDAre. Reconciliations of these non-GAAP financial measures to net income, as well as components to calculate AFFO are available in our supplemental package found in the Investor Relations section of the company's website. Actual results may differ materially from those projected in these forward-looking statements.
Additional information concerning factors that could cause those differences is contained in our Form-10-Q on file with the SEC and in our supplemental operating and financial data found on our website at www.svcreit.com. Investors are cautioned not to place undue reliance upon any forward-looking statements.
And with that, I'll turn the call over to you, Todd.
Todd Hargreaves
Thank you, Kristin, and good morning. Our second quarter results reflect sequential monthly improvement in our hotel portfolio throughout the period, as comparable RevPAR increased from 81% of 2019 levels in April to 86% of 2019 in June, resulting in Q2 2022 RevPAR that was 83% of the 2019 second quarter compared with 67% of 2019 in Q1.