Summit Hotel Properties (INN) Q4 FFO and Revenues Beat Estimates

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]