Summit Hotel Properties, Inc.
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Summit Hotel Properties Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-28 14:38
Both executives pointed to government and inbound international demand as a key drag. Stanner said those segments, which together represent about 10% to 15% of total room nights across the portfolio, declined around 20% on a blended basis during the quarter. Excluding government and international inbound segments, Stanner said fourth-quarter RevPAR increased roughly 60 basis points year over year.Conkling added that fourth-quarter pro forma RevPAR declined 1.8%, with occupancy down 0.7% and average daily ra ...
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Prnewswire· 2026-02-25 21:30
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS [Accessibility Statement] Skip NavigationAccretive Capital Recycling Continues with the Sale of the Hilton Garden Inn LongviewRefinance of Convertible Notes Complete Utilizing Delayed Draw Term LoanNo Debt Maturities Until 2028AUSTIN, Texas, Feb. 25, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and twelve months ended December 31, 2025."Demand across our portfoli ...
Top 3 Real Estate Stocks That Are Set To Fly In Q1
Benzinga· 2026-02-25 11:02
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players ...
NETSTREIT (NTST) Matches Q4 FFO Estimates
ZACKS· 2026-02-10 23:51
分组1 - NETSTREIT (NTST) reported quarterly funds from operations (FFO) of $0.33 per share, matching the Zacks Consensus Estimate and showing a year-over-year increase from $0.32 per share [1] - The company achieved revenues of $52.5 million for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 5.46% and up from $44.1 million a year ago [2] - NETSTREIT has surpassed consensus FFO estimates three times over the last four quarters, indicating a positive trend in performance [2] 分组2 - The stock has gained approximately 7.9% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The current consensus FFO estimate for the upcoming quarter is $0.33 on revenues of $51.16 million, while for the current fiscal year, it is $1.37 on revenues of $212.93 million [7] - The Zacks Industry Rank places the REIT and Equity Trust - Other sector in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [8]
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 EARNINGS RELEASE DATE
Prnewswire· 2026-01-12 22:00
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].
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-08-05 20:30
Core Insights - The company reported a net loss of $1.6 million, or $0.02 per diluted share, for the second quarter of 2025, compared to a net income of $30.8 million, or $0.23 per diluted share, in the same period of 2024 [5][6][29] - Pro forma RevPAR decreased by 3.8% to $128.79, while same store RevPAR decreased by 3.6% to $128.07 compared to the second quarter of 2024 [5][6][29] - The company successfully executed a $50 million share repurchase program, utilizing $15.4 million to repurchase 3.6 million shares at an average price of $4.30 per share, representing a 15% discount to the current trading price [2][5][14] Financial Performance - Total revenues for the second quarter of 2025 were $192.9 million, a slight decrease from $193.9 million in the same quarter of 2024 [5][29] - Pro forma hotel EBITDA decreased to $68.4 million from $75.7 million in the same period in 2024, with a margin contraction of approximately 266 basis points to 35.5% [5][6][29] - Adjusted EBITDAre decreased to $50.9 million from $55.9 million in the second quarter of 2024 [5][6][29] Balance Sheet and Liquidity - The company closed two additional financings, resulting in over $310 million of corporate liquidity and no debt maturities until 2028 [2][19] - The company has outstanding debt of $1.1 billion with a weighted average interest rate of 4.60%, of which 75% is fixed [19] - The company declared a quarterly cash dividend of $0.08 per share, representing an annualized dividend yield of 6.3% based on the closing price of shares [15][19] Strategic Initiatives - The company completed the expansion of Onera Fredericksburg, adding 23 units and increasing the total unit count to 35, with expectations of generating an unlevered yield on cost in the low to mid-teens [16][20] - The company is tracking modestly below the lower end of the guidance ranges for full year Adjusted EBITDAre and Adjusted FFO based on first half results and recent portfolio trends [17][19] Market Position - The RevPAR index increased nearly 150 basis points to 115%, indicating a strong market share despite a decline in same store RevPAR [1][5] - The company maintains a portfolio of high-quality, well-located hotels that are in excellent physical condition, positioning it for long-term growth [1][5]
Caliber Promotes Greg James to Chief Operating Officer
Globenewswire· 2025-07-08 12:00
Company Overview - Caliber (NASDAQ: CWD) is a real estate investor, developer, and manager with over $2.9 billion in managed assets, specializing in hospitality, multi-family residential, and multi-tenant industrial sectors [3]. Leadership Change - Greg James has been promoted to Chief Operating Officer of Caliber, effective July 7, 2025, succeeding Ignacio Martinez [1][2]. - Greg James previously served as COO of Caliber Hospitality Trust and Head of Hotel Asset Management, bringing extensive experience in hotel operations and asset management [2]. Experience and Background - Greg James has over 34 years of experience in the hotel industry, including nearly two decades at Summit Hotel Properties, where he was Senior Vice President of Operations [2]. - His prior experience includes managing a hotel investment portfolio of over 100 assets valued at $3.5 billion across 26 states [2]. Strategic Focus - The company aims to leverage Greg James's expertise to enhance its acquisitions, development, and asset management services, aligning with its goal of efficient capital use and generating positive adjusted EBITDA [2]. - Caliber's competitive advantage lies in investing in overlooked projects, strategies, and geographies, supported by an in-house shared services group for better control and visibility into future investment opportunities [3].
Is the Options Market Predicting a Spike in Summit Hotel Properties Stock?
ZACKS· 2025-04-23 13:50
Group 1 - The stock of Summit Hotel Properties, Inc. (INN) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jun 20, 2025 $7.50 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Summit Hotel Properties currently holds a Zacks Rank 3 (Hold) in the REIT and Equity Trust - Other industry, which is in the bottom 37% of the Zacks Industry Rank, with recent downward revisions in earnings estimates from analysts [3] Group 2 - The high implied volatility surrounding Summit Hotel Properties may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]
SUMMIT HOTEL PROPERTIES COMPLETES $275 MILLION DELAYED DRAW TERM LOAN FINANCING
Prnewswire· 2025-03-31 21:00
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 ...
SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE
Prnewswire· 2025-03-26 21:00
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]