Core Viewpoint - Summit Hotel Properties, Inc. has declared cash dividends for both common and preferred stock, reflecting a strong commitment to returning value to shareholders [1][2][3]. Dividend Announcements - The Company declared a cash dividend of $0.08 per share for the first quarter ended March 31, 2025, which translates to an annualized dividend yield of 8.2% based on the closing stock price on April 23, 2025 [1]. - A cash dividend of $0.390625 per share for the 6.25% Series E Cumulative Redeemable Preferred Stock and $0.3671875 per share for the 5.875% Series F Cumulative Redeemable Preferred Stock has been authorized for the dividend period ending on May 31, 2025 [2]. - Additionally, a cash distribution of $0.328125 per unit for the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units has been declared for the distribution period ending on May 31, 2025 [3]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties, primarily in the Upscale segment of the lodging industry [4]. - As of April 24, 2025, the Company's portfolio includes 97 assets, with 53 wholly owned properties and a total of 14,555 guestrooms located across 25 states [4].

Investors in Summit Hotel Properties, Inc. (INN) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $7.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. I ...

AUSTIN, Texas, March 31, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has successfully closed on a new $275 million senior unsecured term loan (the "Term Loan"). The Company expects to utilize future proceeds from the Term Loan to repay the majority of the Company's outstanding $287.5 million 1.50% Convertible Senior Notes maturing in February 2026. The Term Loan includes a delayed draw feature available to the Company through March 1, 2026, that wil ...

Company Overview - Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging facilities with efficient operating models primarily in the upscale segment of the lodging industry [2] - As of March 26, 2025, the Company's portfolio consisted of 97 assets, 53 of which are wholly owned, with a total of 14,554 guestrooms located in 25 states [2] Financial Reporting - The Company will report financial results for the first quarter of 2025 on Wednesday, April 30, 2025, after the market closes [1] - A quarterly conference call will be conducted on Thursday, May 1, 2025, at 9:00 AM ET [1] Conference Call Access - To access the conference call, pre-registration is required, and registrants will receive a confirmation with dial-in details [4] - A live webcast of the conference call will be available, with a replay accessible in the Investors section of the Company's website until July 31, 2025 [4]

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Summit Hotel Properties (INN) and National Health Investors (NHI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes com ...

Core Viewpoint - Summit Hotel Properties (INN) and Gaming and Leisure Properties (GLPI) are being compared to determine which stock offers better value for investors at the current time [1] Group 1: Valuation Metrics - INN has a forward P/E ratio of 6.77, while GLPI has a forward P/E of 12.71 [5] - INN's PEG ratio is 1.44, indicating a more favorable valuation compared to GLPI's PEG ratio of 3.31 [5] - INN's P/B ratio is 0.51, significantly lower than GLPI's P/B of 2.92, suggesting that INN is undervalued relative to its book value [6] Group 2: Investment Ratings - Both INN and GLPI currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook for both stocks [3] - INN has been assigned a Value grade of A, while GLPI has a Value grade of C, highlighting INN's superior valuation metrics [6][7]

Financial Data and Key Metrics Changes - In 2024, the company achieved a full year AFFO per share growth of nearly 6% [5] - Pro forma RevPAR growth increased by 1.8% for the year, surpassing the industry average for the third consecutive year [6][24] - Pro forma hotel EBITDA increased by 2% year-over-year, despite a low RevPAR growth environment [6] - Adjusted FFO for full year 2024 was $119.2 million, an increase of nearly 6% versus 2023, with AFFO rising to $0.96 per share from $0.92 per share [28] Business Line Data and Key Metrics Changes - Urban and suburban portfolios saw RevPAR increases of nearly 3% and 4% respectively, outpacing the total industry by 100 and 220 basis points [24] - Resort and small-town metro assets experienced a modest decline in RevPAR, primarily due to Hurricane Helene and ongoing renovations [26] - Pro forma hotel EBITDA for the fourth quarter was $60.4 million, representing a modest decline compared to the previous year [32] Market Data and Key Metrics Changes - Key markets such as New Orleans, Indianapolis, Chicago, Houston, Minneapolis, and Tampa significantly outpaced the pro forma portfolio in the fourth quarter [29] - The company identified six markets poised for outsized growth, including Baltimore, Louisville, Minneapolis, New Orleans, San Francisco, and San Jose, with five markets achieving over 13% RevPAR growth [9][10] Company Strategy and Development Direction - The company continues to focus on disciplined acquisitions and dispositions, acquiring two hotels for $96 million with an attractive capitalization rate of 8.8% [11][12] - A strategic capital investment approach has improved the overall quality of the portfolio, with a RevPAR market share index increasing nearly 300 basis points over the last three years [14] - The company anticipates continued top-line growth in 2025, driven by robust group demand and the recovery of business transient travel [18][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in controlling operating expenses despite more challenging year-over-year comparisons in 2025 [21] - The lodging sector is expected to benefit from a long-term consumer shift towards experiences over material goods, reinforcing a stable demand outlook [22] - The company expects RevPAR growth of 1% to 3% for 2025, with adjusted EBITDA projected between $184 million and $198 million [39] Other Important Information - The company has a total liquidity of approximately $350 million and a leverage ratio nearly a full turn lower than when it initiated its disposition activity [36] - A quarterly common dividend of $0.08 per share was declared, representing a yield of approximately 5% [37] Q&A Session Summary Question: Booking pace and business-oriented demand outlook - Management noted that January was impacted by weather disruptions, but February showed strong RevPAR growth due to Super Bowl demand and catch-up bookings [44][46] Question: Future acquisition strategy - The company plans to remain active in transactions, focusing on high-quality assets and being opportunistic in capital recycling [49][51] Question: RevPAR guidance for 2025 - Management expects continued strength in urban and suburban markets, with a more balanced growth profile compared to 2024 [55] Question: Management company changes and expense management - Changes were made to improve operational efficiency, and management is pleased with the current performance of management companies [60][61] Question: Acquisitions and underwriting returns - The company is excited about recent acquisitions, expecting higher unlevered IRRs compared to pre-pandemic levels [64] Question: Corporate customer trends - Gradual changes in business travel patterns were noted, with a return of larger national accounts [70] Question: Labor market stability - Management indicated that labor markets remain stable, with expectations for continued effective expense management [76][77] Question: Disposition strategy - The company balances capital needs and brand considerations when deciding on asset sales [79][81] Question: GIC joint venture growth - The joint venture continues to perform well, with an appetite for further growth in 2025 [85] Question: Capital markets environment for transactions - The capital markets are improving, making financing accessible for acquisitions [88]

Core Viewpoint - Summit Hotel Properties (INN) reported quarterly funds from operations (FFO) of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, but down from $0.22 per share a year ago [1][2] Financial Performance - The FFO surprise for the quarter was 5.26%, and the company has surpassed consensus FFO estimates for four consecutive quarters [2] - Revenues for the quarter ended December 2024 were $172.93 million, surpassing the Zacks Consensus Estimate by 1.01%, but down from $177.44 million year-over-year [3] Market Performance - Summit Hotel Properties shares have declined approximately 7.7% since the beginning of the year, while the S&P 500 has gained 2.2% [4] - The current consensus FFO estimate for the upcoming quarter is $0.23 on revenues of $185.2 million, and for the current fiscal year, it is $0.92 on revenues of $747.22 million [8] Industry Outlook - The REIT and Equity Trust - Other industry is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35074 SUMMIT HOTEL PROPERTIES, INC. (Exact name of registrant as specified in its charter) of incorporation or organization) Maryland 27-296251 ...

Core Insights - Summit Hotel Properties, Inc. reported a full-year operating income of $103.5 million and an adjusted EBITDAre of $192.2 million for 2024, with an AFFO increase of 5.6% to $0.96 per share [1][5][7] - The company completed over $200 million in accretive transaction activity in 2024, including the acquisition of two hotels for $96 million, which reflects an 8.8% net capitalization rate based on 2024 net operating income [2][11][12] - The outlook for 2025 is positive, driven by stable demand trends and anticipated growth in urban markets, with expected pro forma RevPAR growth between 1.00% and 3.00% [3][20] Financial Performance - For Q4 2024, net income attributable to common stockholders was $0.7 million, or $0.01 per diluted share, compared to a net loss of $16.6 million, or $0.16 per diluted share, in Q4 2023 [7][8] - Pro forma RevPAR increased by 1.4% to $117.21 in Q4 2024, while same-store RevPAR increased by 1.3% to $116.52 [7][8] - Total revenues for the full year 2024 were $731.8 million, a slight decrease from $736.1 million in 2023 [8][33] Acquisition and Disposition Activity - The company acquired the Hampton Inn Boston-Logan Airport and Hilton Garden Inn Tysons Corner, enhancing its portfolio quality and growth profile [2][11] - In 2024, the company sold five hotels for nearly $112 million, contributing to a total of 10 hotels sold since 2023 for approximately $150 million [14][15] Capital Structure and Dividends - As of December 31, 2024, the company had outstanding debt of $1.1 billion with a weighted average interest rate of 4.55% [21] - The company declared a quarterly cash dividend of $0.08 per share, representing an annualized yield of 5.1% based on the closing price on February 21, 2025 [17][18] 2025 Outlook - The company anticipates adjusted EBITDAre for 2025 to be between $184 million and $198 million, with adjusted FFO projected between $111.9 million and $125.6 million [20][19] - Capital expenditures for 2025 are expected to range from $65 million to $85 million [20]