AUSTIN, Texas, Jan. 22, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's fourth quarter common dividend represents an annualized dividend yield of 6. ...

We discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.Today's article is about Summit Hotel Properties, Inc. ( INN ). We will assess INN's credit quality and review its preferred stock using Moody's approach, as well as the company's key financial metrics and capital structure. (ForArbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a te ...

Group 1 - The preferred shares in the hospitality sector present an interesting risk/reward ratio, although not all hotel REIT preferreds are considered attractive investments [1] - The focus is on high-quality small-cap investment opportunities in Europe, emphasizing both capital gains and dividend income for continuous cash flow [1] - The investment group European Small Cap Ideas provides exclusive access to actionable research, model portfolios, and educational content related to European investing [1] Group 2 - The analyst has disclosed a beneficial long position in the shares of INN.PR.F and INN.PR.E, indicating a personal investment interest in these preferred shares [2] - There is no position held in INN's common stock, which may suggest a strategic focus on preferred shares rather than common equity [2]

As you are probably aware by now, I think the preferred shares in the hospitality sector offer an interesting risk/reward ratio. While that doesn't mean I am a buyer of all hotel REIT preferreds, I have aThe Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offers exclusive access to act ...

Core Viewpoint - Summit Hotel Properties, Inc. will report its financial results for Q4 and the full year of 2025 on February 25, 2026, after market close, followed by a conference call on February 26, 2026, at 10:00 AM ET [1]. Company Overview - Summit Hotel Properties, Inc. is a publicly traded real estate investment trust (REIT) that focuses on owning premium-branded lodging facilities with efficient operating models, primarily in the upscale segment of the lodging industry [2]. - As of January 9, 2026, the company's portfolio includes 95 assets, with 52 wholly owned properties, totaling 14,348 guestrooms across 24 states [2]. Conference Call Information - To access the conference call, pre-registration is required, and registrants will receive confirmation with dial-in details [4]. - A live webcast of the conference call will be available, and a replay can be accessed on the company's website until May 1, 2026 [4].

Core Insights - Summit Hotel Properties, Inc. has published its annual Corporate Responsibility Report, emphasizing its commitment to long-term shareholder value through responsible investment, environmental protection, and community support [1] - The CEO highlighted significant progress in the company's Corporate Responsibility and Sustainability program, reflecting a commitment to sustainable hotel operations and strong governance [1] - The report aims to enhance stakeholder understanding of the company's commitments to environmental stewardship, social responsibility, and governance [1] Company Overview - Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on premium-branded lodging facilities, primarily in the upscale segment [2] - As of November 11, 2025, the company owns 95 assets, with 52 wholly owned, totaling 14,347 guestrooms across 24 states [2]

Financial Data and Key Metrics Changes - The third quarter same-store RevPAR declined by 3.7% year over year, primarily driven by a 3.4% decline in average daily rate, while occupancy remained flat year over year [4][15][25] - Adjusted EBITDA for the third quarter was $39.3 million, and adjusted FFO was $21.3 million, or $0.17 per share, benefiting from lower interest expenses and a reduced share count due to share repurchases [15][25] - Operating expenses increased only 1.8% year over year, or approximately 2% on a per-occupied room basis, which helped mitigate EBITDA losses [8][19][21] Business Line Data and Key Metrics Changes - Non-rooms revenue increased by 5.6% in the third quarter, driven by food and beverage sales, resort and amenity fees, and parking charges [7][18] - The company experienced a significant decline in government and international inbound travel, which collectively accounted for approximately 15% of occupied room nights and drove nearly 50% of the year-over-year RevPAR decline [5][12] Market Data and Key Metrics Changes - Chicago, San Francisco, and Orlando generated positive RevPAR growth in the third quarter, with Chicago seeing an 8% ADR growth due to a solid convention calendar [16][17] - Nashville hotels delivered a strong third quarter with RevPAR increasing by over 6% on an 11% increase in ADR, significantly outperforming the overall market [18] Company Strategy and Development Direction - The company completed the sale of two non-core hotels, generating $39 million in gross proceeds, as part of a capital recycling strategy to enhance portfolio quality and reduce leverage [9][10] - The company expects to benefit from the 2026 World Cup, with exposure to six host markets, which will create robust demand [13][29] Management's Comments on Operating Environment and Future Outlook - Management noted that while there has been softness in leisure demand, trends appear to have stabilized, particularly with improved midweek performance in urban markets [28] - The outlook for the fourth quarter incorporates sequential improvement in operating trends, with expectations of RevPAR growth declining between 2% and 2.5% year over year [12][25] Other Important Information - The company declared a quarterly common dividend of $0.08 per share, representing a yield of approximately 6% [25] - The company has invested over $260 million in capital expenditures over the past three years to maintain a best-in-class portfolio [22] Q&A Session Summary Question: What are the leisure demand trends across the portfolio? - Management indicated that leisure demand has stabilized, with better midweek performance contributing to a more constructive outlook for the fourth quarter [28] Question: Which markets are most optimistic for next year? - Management highlighted the World Cup as a significant driver of demand, with exposure to six markets expected to benefit from special events [29] Question: Can you provide insights on government demand and its impact? - Government demand has been down approximately 30% year over year in October, contributing to overall softness, but better midweek trends have offset some of this decline [44]

Financial Performance - Net loss attributable to common stockholders was $(11301) thousand for the three months ended September 30, 2025, compared to $(4272) thousand in 2024[13] - Net loss per diluted share was $(011) for the three months ended September 30, 2025, compared to $(004) in 2024[13] - Total revenues were $177117 thousand for the three months ended September 30, 2025, slightly up from $176807 thousand in 2024[13] - Adjusted EBITDAre decreased to $39263 thousand for the three months ended September 30, 2025, from $45340 thousand in 2024[13] - Adjusted FFO was $21253 thousand for the three months ended September 30, 2025, compared to $27610 thousand in 2024[13] Pro Forma Operating Results - Pro forma total revenues for the three months ended September 30, 2025, were $177117 thousand, compared to $182537 thousand in 2024[30] - Pro forma hotel EBITDA was $54118 thousand for the three months ended September 30, 2025, down from $62180 thousand in 2024[30] - Pro forma hotel EBITDA margin decreased to 306% for the three months ended September 30, 2025, from 341% in 2024[30] - RevPAR decreased by (42)% for the three months ended September 30, 2025[13] Capitalization - Market value of common equity at quarter end was $668748 thousand as of September 30, 2025[35] - Consolidated total debt was $1433483 thousand as of September 30, 2025[35]

Core Insights - Summit Hotel Properties (INN) reported quarterly funds from operations (FFO) of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.22 per share a year ago [1][2] - The company achieved an FFO surprise of +21.43% for the quarter, having surpassed consensus FFO estimates in all four of the last quarters [2] - Revenues for the quarter were $177.12 million, slightly missing the Zacks Consensus Estimate by 0.69%, and showing a marginal increase from $176.81 million year-over-year [3] Financial Performance - The FFO for the previous quarter was $0.27 per share, compared to an expectation of $0.26 per share, resulting in a surprise of +3.85% [2] - The current consensus FFO estimate for the upcoming quarter is $0.19, with projected revenues of $177.93 million, and for the current fiscal year, the estimate is $0.77 on revenues of $734.55 million [8] Market Position - Summit Hotel Properties has underperformed the market, with shares down approximately 23.8% year-to-date, while the S&P 500 has gained 16.5% [4] - The Zacks Industry Rank places the REIT and Equity Trust - Other sector in the top 35% of over 250 Zacks industries, indicating a favorable industry outlook [9] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [4] - The estimate revisions trend for Summit Hotel Properties was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [7]

Core Insights - The company reported a net loss of $11.3 million for Q3 2025, compared to a loss of $4.3 million in Q3 2024, reflecting ongoing challenges in the hospitality sector [6][7][30] - The company completed the sale of two hotels for $39 million, achieving a blended capitalization rate of 4.3%, as part of its capital recycling strategy [3][11][12] - The company expects a sequential improvement in operating trends for Q4 2025, despite a challenging environment characterized by reduced government demand and slower international travel [2][19] Financial Performance - Total revenues for Q3 2025 were $177.1 million, slightly up from $176.8 million in Q3 2024 [8][30] - Same store RevPAR decreased by 3.7% to $115.77 in Q3 2025 compared to Q3 2024, while pro forma RevPAR decreased by 4.2% to $116.57 [7][8] - Adjusted EBITDAre for Q3 2025 was $39.3 million, down from $45.3 million in Q3 2024 [8][30] Balance Sheet and Capital Management - The company refinanced a $400 million term loan at a lower interest rate, enhancing its balance sheet and extending debt maturities until 2030 [3][15][19] - As of September 30, 2025, the company had total outstanding debt of $1.1 billion with a weighted average interest rate of 4.52% [25] - The company declared a quarterly cash dividend of $0.08 per share, representing an annualized yield of 6.1% [17][18] Market Outlook - The company anticipates Q4 2025 RevPAR growth to range from -2.0% to -2.5%, reflecting ongoing price sensitivity and macroeconomic volatility [19] - The long-term outlook remains positive due to a lack of new supply growth in the industry [2][19]