Summit Hotel Properties Key Executives
This section highlights Summit Hotel Properties's key executives, including their titles and compensation details.
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Summit Hotel Properties Earnings
This section highlights Summit Hotel Properties's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-25 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-30 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-02 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-29 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-02 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-06 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-06 | N/A | N/A |
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
$5.67
Stock Price
$622.46M
Market Cap
100
Employees
Austin, TX
Location
Financial Statements
Access annual & quarterly financial statements for Summit Hotel Properties, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $731.78M | $736.13M | $675.70M | $361.93M | $234.46M |
| Cost of Revenue | $472.14M | $478.11M | $419.79M | $244.61M | $200.40M |
| Gross Profit | $259.64M | $258.02M | $255.90M | $117.31M | $34.07M |
| Gross Profit Ratio | 35.48% | 35.10% | 37.87% | 32.40% | 14.53% |
| Research and Development Expenses | $- | $- | $0 | $-0 | $-1 |
| General and Administrative Expenses | $31.89M | $50.98M | $48.21M | $39.29M | $27.26M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $31.89M | $50.98M | $48.21M | $39.29M | $27.26M |
| Other Expenses | $124.26M | $148.25M | $149.06M | $103.32M | $114.44M |
| Operating Expenses | $156.15M | $199.24M | $197.27M | $142.61M | $141.70M |
| Cost and Expenses | $628.29M | $677.34M | $617.06M | $387.22M | $342.10M |
| Interest Income | $1.91M | $1.69M | $65.52M | $43.36M | $43.16M |
| Interest Expense | $82.63M | $86.80M | $65.58M | $43.37M | $43.30M |
| Depreciation and Amortization | $146.44M | $150.92M | $617.81M | $391.07M | $342.10M |
| EBITDA | $259.22M | $212.40M | $208.05M | $83.07M | $1.98M |
| EBITDA Ratio | 35.42% | 28.85% | 31.29% | 24.92% | 2.91% |
| Operating Income | $103.49M | $58.79M | $67.78M | $-15.77M | $-102.79M |
| Operating Income Ratio | 14.14% | 7.99% | 10.03% | -4.36% | -43.84% |
| Total Other Income Expenses Net | $-73.34M | $-84.11M | $-62.95M | $-33.84M | $-38.46M |
| Income Before Tax | $30.15M | $-25.32M | $4.83M | $-67.11M | $-147.87M |
| Income Before Tax Ratio | 4.12% | -3.44% | 0.71% | -18.54% | -63.07% |
| Income Tax Expense | $-8.74M | $2.80M | $3.61M | $1.47M | $1.38M |
| Net Income | $25.14M | $-9.49M | $1.47M | $-68.58M | $-149.25M |
| Net Income Ratio | 3.44% | -1.29% | 0.22% | -18.95% | -63.65% |
| EPS | $0.24 | $-0.27 | $0.01 | $-0.66 | $-1.43 |
| EPS Diluted | $0.19 | $-0.27 | $0.01 | $-0.66 | $-1.43 |
| Weighted Average Shares Outstanding | 105.93M | 105.55M | 105.14M | 104.47M | 104.14M |
| Weighted Average Shares Outstanding Diluted | 132.37M | 105.55M | 105.14M | 104.47M | 104.14M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.93M | $176.81M | $193.90M | $188.14M | $177.44M | $181.82M | $194.49M | $182.38M | $172.33M | $178.25M | $183.25M | $141.87M | $106.86M | $110.69M | $86.52M | $57.85M | $48.23M | $52.41M | $25.44M | $108.39M |
| Cost of Revenue | $114.77M | $153.59M | $157.33M | $114.72M | $153.78M | $115.39M | $118.87M | $114.71M | $105.98M | $112.84M | $109.03M | $91.94M | $68.05M | $69.05M | $58.93M | $48.58M | $44.59M | $45.41M | $34.80M | $75.59M |
| Gross Profit | $58.16M | $23.22M | $36.57M | $73.42M | $23.65M | $66.43M | $75.62M | $67.67M | $66.35M | $65.41M | $74.22M | $49.93M | $38.81M | $41.63M | $27.60M | $9.27M | $3.64M | $7.00M | $-9.37M | $32.79M |
| Gross Profit Ratio | 33.63% | 13.10% | 18.90% | 39.00% | 13.30% | 36.50% | 38.90% | 37.10% | 38.50% | 36.70% | 40.50% | 35.20% | 36.30% | 37.60% | 31.90% | 16.00% | 7.55% | 13.35% | -36.82% | 30.26% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.40M | $7.47M | $8.70M | $13.21M | $11.78M | $12.30M | $14.09M | $12.81M | $11.32M | $10.84M | $13.12M | $12.93M | $14.25M | $8.99M | $8.82M | $7.23M | $7.58M | $5.99M | $5.96M | $7.74M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.40M | $7.47M | $8.70M | $13.21M | $11.78M | $12.30M | $14.09M | $12.81M | $11.32M | $10.84M | $13.12M | $12.93M | $14.25M | $8.99M | $8.82M | $7.23M | $7.58M | $5.99M | $5.96M | $7.74M |
| Other Expenses | $42.72M | $- | $2.13M | $685.00K | $-6.56M | $661.00K | $-9.36M | $36.66M | $37.70M | $37.28M | $37.81M | $36.27M | $1.75M | $2.25M | $2.29M | $3.23M | $581.00K | $1.28M | $876.00K | $2.11M |
| Operating Expenses | $50.12M | $7.47M | $45.16M | $50.01M | $6.56M | $49.94M | $51.60M | $49.47M | $49.02M | $48.12M | $50.92M | $49.21M | $40.42M | $32.25M | $35.41M | $34.53M | $37.34M | $33.49M | $33.52M | $37.35M |
| Cost and Expenses | $164.89M | $161.07M | $166.04M | $164.73M | $160.34M | $165.32M | $170.47M | $164.18M | $155.00M | $160.96M | $159.96M | $141.15M | $108.47M | $101.30M | $94.33M | $83.11M | $81.93M | $78.90M | $68.33M | $112.94M |
| Interest Income | $433.00K | $450.00K | $565.00K | $458.00K | $498.00K | $474.00K | $490.00K | $20.83M | $19.33M | $17.58M | $1.77M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $19.79M | $20.43M | $20.83M | $21.58M | $25.33M | $22.02M | $22.25M | $20.91M | $19.38M | $17.64M | $15.12M | $13.44M | $10.80M | $10.82M | $10.96M | $10.79M | $10.63M | $10.90M | $10.75M | $11.01M |
| Depreciation and Amortization | $36.47M | $36.71M | $36.46M | $36.80M | $38.62M | $37.88M | $37.51M | $36.91M | $37.70M | $38.13M | $38.06M | $36.27M | $26.18M | $25.89M | $26.59M | $27.30M | $27.47M | $27.50M | $27.57M | $27.08M |
| EBITDA | $45.51M | $52.44M | $64.33M | $60.21M | $55.71M | $54.37M | $61.27M | $55.11M | $55.02M | $55.37M | $60.67M | $37.00M | $24.57M | $35.28M | $14.93M | $2.04M | $-6.23M | $1.01M | $-15.32M | $22.52M |
| EBITDA Ratio | 26.32% | 29.66% | 33.17% | 32.61% | 31.40% | 30.53% | 31.89% | 30.36% | 31.66% | 30.86% | 34.45% | 27.31% | 24.62% | 33.90% | 24.35% | 9.11% | -11.70% | 4.37% | -56.81% | 22.72% |
| Operating Income | $8.04M | $15.76M | $27.87M | $23.49M | $17.09M | $16.48M | $23.44M | $18.20M | $16.86M | $17.23M | $25.07M | $2.47M | $-1.45M | $5.02M | $-11.63M | $-25.21M | $-34.87M | $-26.28M | $-42.92M | $-5.34M |
| Operating Income Ratio | 4.65% | 8.91% | 14.37% | 12.48% | 9.63% | 9.06% | 12.05% | 9.98% | 9.78% | 9.67% | 13.68% | 1.74% | -1.36% | 4.54% | -13.44% | -43.58% | -72.29% | -50.14% | -168.75% | -4.93% |
| Total Other Income Expenses Net | $-18.79M | $-18.98M | $-15.14M | $-20.44M | $-20.58M | $-20.89M | $-21.76M | $-20.64M | $-19.85M | $-18.06M | $-13.35M | $-11.70M | $-9.05M | $-8.57M | $-8.67M | $-7.56M | $-10.05M | $-9.63M | $-9.87M | $-8.91M |
| Income Before Tax | $-10.75M | $-3.22M | $41.07M | $3.05M | $-20.15M | $-4.41M | $1.68M | $-2.44M | $-13.12M | $-831.00K | $29.75M | $-10.97M | $-10.51M | $-3.54M | $-20.29M | $-32.77M | $-44.92M | $-35.91M | $-52.80M | $-14.25M |
| Income Before Tax Ratio | -6.22% | -1.82% | 21.18% | 1.62% | -11.36% | -2.42% | 0.86% | -1.34% | -7.61% | -0.47% | 16.23% | -7.73% | -9.83% | -3.20% | -23.45% | -56.64% | -93.14% | -68.51% | -207.56% | -13.14% |
| Income Tax Expense | $-11.67M | $332.00K | $2.38M | $217.00K | $1.12M | $1.36M | $791.00K | $-472.00K | $-1.04M | $210.00K | $6.44M | $-2.00M | $398.00K | $695.00K | $275.00K | $105.00K | $-213.00K | $-132.00K | $-247.00K | $1.97M |
| Net Income | $5.30M | $352.00K | $35.47M | $2.51M | $-11.95M | $-814.00K | $3.87M | $-1.97M | $-12.08M | $-1.04M | $23.31M | $-8.97M | $-11.01M | $-4.50M | $-18.69M | $-31.36M | $-43.05M | $-34.55M | $-50.42M | $-15.32M |
| Net Income Ratio | 3.07% | 0.20% | 18.29% | 1.33% | -6.73% | -0.45% | 1.99% | -1.08% | -7.01% | -0.58% | 12.72% | -6.32% | -10.30% | -4.07% | -21.60% | -54.21% | -89.27% | -65.91% | -198.21% | -14.14% |
| EPS | $-0.21 | $-0.04 | $0.29 | $0.02 | $-0.11 | $-0.01 | $0.04 | $-0.02 | $-0.11 | $-0.01 | $0.20 | $-0.09 | $-0.11 | $-0.04 | $-0.18 | $-0.30 | $-0.41 | $-0.33 | $-0.48 | $-0.15 |
| EPS Diluted | $-0.21 | $-0.04 | $0.23 | $0.02 | $-0.11 | $-0.01 | $0.04 | $-0.02 | $-0.11 | $-0.01 | $0.19 | $-0.09 | $-0.11 | $-0.04 | $-0.18 | $-0.30 | $-0.41 | $-0.33 | $-0.48 | $-0.15 |
| Weighted Average Shares Outstanding | 106.03M | 106.03M | 105.92M | 105.72M | 105.67M | 105.65M | 105.56M | 105.31M | 105.23M | 105.23M | 116.63M | 104.90M | 104.56M | 104.55M | 104.50M | 104.28M | 103.95M | 104.20M | 104.15M | 104.00M |
| Weighted Average Shares Outstanding Diluted | 107.03M | 106.03M | 149.45M | 105.72M | 105.67M | 105.65M | 105.56M | 105.31M | 105.23M | 105.23M | 121.35M | 104.90M | 104.56M | 104.55M | 104.50M | 104.28M | 104.21M | 104.20M | 104.15M | 104.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $40.64M | $37.84M | $51.26M | $64.48M | $20.72M |
| Short Term Investments | $2.75B | $13.96M | $2.79B | $- | $- |
| Cash and Short Term Investments | $2.79B | $51.80M | $51.26M | $64.48M | $20.72M |
| Net Receivables | $19.78M | $21.35M | $21.02M | $14.48M | $11.78M |
| Inventory | $- | $- | $89.13M | $54.05M | $25.74M |
| Other Current Assets | $9.37M | $93.27M | $47.76M | $50.62M | $35.53M |
| Total Current Assets | $2.81B | $166.41M | $169.78M | $136.34M | $84.55M |
| Property Plant Equipment Net | $33.31M | $34.81M | $35.02M | $26.94M | $28.42M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $32.27M | $39.95M | $39.95M | $10.83M | $11.23M |
| Goodwill and Intangible Assets | $32.27M | $39.95M | $39.95M | $10.83M | $11.23M |
| Long Term Investments | $- | $13.96M | $16.84M | $2.09B | $2.10B |
| Tax Assets | $11.29M | $20.00K | $108.00K | $49.00K | $2.00K |
| Other Non-Current Assets | $2.75B | $2.68B | $2.76B | $3.80M | $8.18M |
| Total Non-Current Assets | $2.82B | $2.77B | $2.85B | $2.13B | $2.15B |
| Other Assets | $-2.73B | $- | $- | $- | $- |
| Total Assets | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B |
| Account Payables | $7.45M | $4.83M | $5.52M | $4.46M | $2.67M |
| Short Term Debt | $- | $19.19M | $217.19M | $66.31M | $3.91M |
| Tax Payables | $26.57M | $26.59M | $28.97M | $17.45M | $17.71M |
| Deferred Revenue | $6.85M | $- | $- | $- | $- |
| Other Current Liabilities | $-33.41M | $235.44M | $-246.16M | $-17.54M | $43.47M |
| Total Current Liabilities | $7.45M | $286.04M | $86.82M | $70.68M | $67.77M |
| Long Term Debt | $24.87M | $1.44B | $1.26B | $1.02B | $1.11B |
| Deferred Revenue Non-Current | $- | $- | $1.56B | $1.16B | $1.18B |
| Deferred Tax Liabilities Non-Current | $- | $- | $25.48M | $17.23M | $18.44M |
| Other Non-Current Liabilities | $1.48B | $-183.07M | $298.49M | $66.31M | $3.91M |
| Total Non-Current Liabilities | $1.50B | $1.26B | $1.48B | $1.09B | $1.11B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.51B | $1.54B | $1.56B | $1.16B | $1.18B |
| Preferred Stock | $- | $104.00K | $104.00K | $104.00K | $94.00K |
| Common Stock | $1.08M | $1.08M | $1.07M | $1.06M | $1.06M |
| Retained Earnings | $-347.04M | $-339.85M | $-288.20M | $-262.64M | $-179.01M |
| Accumulated Other Comprehensive Income Loss | $9.17M | $10.97M | $14.54M | $-15.64M | $-30.72M |
| Other Total Stockholders Equity | $1.25B | $1.24B | $1.23B | $1.23B | $1.20B |
| Total Stockholders Equity | $909.54M | $911.20M | $959.81M | $948.07M | $988.74M |
| Total Equity | $959.76M | $1.40B | $1.46B | $1.11B | $1.05B |
| Total Liabilities and Stockholders Equity | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B |
| Minority Interest | $50.22M | $485.50M | $498.36M | $159.12M | $63.32M |
| Total Liabilities and Total Equity | $2.90B | $2.94B | $3.02B | $2.26B | $2.23B |
| Total Investments | $2.75B | $13.96M | $2.79B | $2.09B | $2.10B |
| Total Debt | $1.42B | $1.46B | $1.69B | $1.09B | $1.11B |
| Net Debt | $-40.64M | $1.42B | $1.64B | $1.02B | $1.09B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $40.64M | $51.70M | $52.64M | $63.44M | $47.77M | $55.31M | $58.46M | $60.68M | $51.26M | $72.62M | $110.00M | $82.40M | $64.48M | $59.65M | $56.07M | $27.36M | $20.72M | $39.08M | $124.55M | $131.27M |
| Short Term Investments | $2.75B | $2.67B | $19.09M | $2.72B | $13.96M | $2.83B | $2.86B | $2.78B | $16.84M | $2.88B | $2.90B | $- | $2.09B | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.79B | $2.72B | $52.64M | $63.44M | $47.77M | $55.31M | $58.46M | $60.68M | $51.26M | $72.62M | $110.00M | $82.40M | $64.48M | $59.65M | $56.07M | $27.36M | $20.72M | $39.08M | $124.55M | $131.27M |
| Net Receivables | $19.78M | $20.72M | $27.97M | $27.98M | $21.35M | $24.21M | $22.11M | $24.07M | $21.02M | $23.51M | $21.02M | $28.20M | $14.48M | $14.21M | $14.78M | $14.71M | $11.78M | $12.51M | $10.51M | $11.36M |
| Inventory | $- | $- | $-19.09M | $72.94M | $-13.96M | $-27.07M | $-23.43M | $-12.45M | $89.13M | $19.05M | $36.49M | $85.64M | $54.05M | $25.95M | $22.53M | $20.46M | $25.74M | $17.96M | $19.08M | $29.02M |
| Other Current Assets | $9.37M | $42.61M | $30.62M | $90.12M | $92.34M | $20.43M | $13.60M | $90.33M | $47.76M | $34.32M | $52.40M | $102.64M | $50.62M | $36.05M | $38.39M | $36.76M | $35.53M | $32.75M | $34.47M | $45.46M |
| Total Current Assets | $2.81B | $2.74B | $104.46M | $181.54M | $151.52M | $99.95M | $94.17M | $175.07M | $169.78M | $130.45M | $183.42M | $213.24M | $136.34M | $133.48M | $125.78M | $94.84M | $84.55M | $105.89M | $190.57M | $208.90M |
| Property Plant Equipment Net | $33.31M | $33.45M | $33.85M | $34.24M | $34.81M | $35.22M | $35.62M | $35.70M | $35.02M | $35.42M | $31.45M | $31.84M | $26.94M | $27.29M | $27.66M | $28.03M | $28.42M | $28.81M | $29.18M | $29.58M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.10M | $3.07M | $2.02M | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $32.27M | $32.27M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $35.85M | $36.89M | $35.97M | $10.83M | $- | $- | $11.23M | $11.23M | $11.23M | $11.23M | $11.23M |
| Goodwill and Intangible Assets | $32.27M | $32.27M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $39.95M | $37.98M | $10.83M | $11.23M | $11.23M | $11.23M | $11.23M | $11.23M | $11.23M | $11.23M |
| Long Term Investments | $- | $- | $- | $19.65M | $13.96M | $27.07M | $23.43M | $12.45M | $16.84M | $17.99M | $1.29M | $- | $2.09B | $- | $- | $- | $2.10B | $- | $- | $28.96M |
| Tax Assets | $11.29M | $- | $- | $-19.65M | $20.00K | $-27.07M | $-23.43M | $-12.45M | $108.00K | $-17.99M | $-1.29M | $- | $49.00K | $- | $- | $- | $2.00K | $- | $- | $2.14B |
| Other Non-Current Assets | $2.75B | $-32.27M | $2.69B | $2.71B | $2.70B | $2.84B | $2.86B | $2.78B | $2.76B | $2.87B | $2.87B | $2.82B | $3.80M | $2.08B | $2.07B | $2.09B | $8.18M | $2.13B | $2.15B | $9.23M |
| Total Non-Current Assets | $2.82B | $33.45M | $2.77B | $2.78B | $2.79B | $2.92B | $2.94B | $2.85B | $2.85B | $2.95B | $2.94B | $2.89B | $2.13B | $2.11B | $2.11B | $2.13B | $2.15B | $2.17B | $2.19B | $2.21B |
| Other Assets | $-2.73B | $61.93M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.90B | $2.84B | $2.87B | $2.96B | $2.94B | $3.02B | $3.03B | $3.03B | $3.02B | $3.08B | $3.12B | $3.11B | $2.26B | $2.25B | $2.23B | $2.22B | $2.23B | $2.28B | $2.38B | $2.42B |
| Account Payables | $7.45M | $6.13M | $6.64M | $7.30M | $4.83M | $6.88M | $5.48M | $5.46M | $5.52M | $5.90M | $8.33M | $5.34M | $4.46M | $4.33M | $3.04M | $3.27M | $2.67M | $3.61M | $2.67M | $5.72M |
| Short Term Debt | $- | $- | $- | $- | $16.93M | $- | $- | $- | $217.19M | $- | $- | $- | $- | $- | $- | $- | $11.23M | $- | $- | $- |
| Tax Payables | $26.57M | $- | $- | $- | $26.59M | $- | $- | $- | $28.97M | $- | $- | $- | $17.45M | $- | $- | $- | $17.71M | $- | $- | $- |
| Deferred Revenue | $6.85M | $- | $- | $-7.36M | $- | $-3.10M | $-6.00K | $-239.90M | $- | $- | $- | $-629.00K | $-327.78M | $-4.03M | $-3.99M | $-3.95M | $-448.94M | $- | $- | $- |
| Other Current Liabilities | $-33.41M | $96.68M | $- | $- | $237.70M | $- | $- | $- | $-246.16M | $- | $- | $- | $-17.45M | $- | $- | $- | $36.16M | $- | $- | $- |
| Total Current Liabilities | $7.45M | $102.81M | $91.05M | $89.02M | $286.04M | $99.09M | $94.25M | $91.96M | $86.82M | $100.52M | $94.14M | $81.04M | $70.68M | $74.62M | $69.40M | $62.16M | $67.77M | $75.95M | $70.87M | $81.82M |
| Long Term Debt | $24.87M | $1.36B | $1.37B | $1.48B | $1.45B | $1.47B | $1.48B | $1.49B | $1.26B | $1.49B | $1.55B | $1.50B | $1.02B | $1.07B | $1.10B | $1.16B | $1.10B | $1.10B | $1.18B | $1.15B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $1.48B | $- | $-2.45M | $81.72M | $-197.74M | $92.21M | $88.78M | $86.50M | $298.49M | $94.62M | $85.80M | $75.70M | $132.53M | $70.29M | $66.36M | $58.89M | $11.23M | $72.34M | $68.20M | $76.10M |
| Total Non-Current Liabilities | $1.50B | $1.36B | $1.37B | $1.48B | $1.26B | $1.47B | $1.48B | $1.49B | $1.48B | $1.49B | $1.55B | $1.50B | $1.09B | $1.07B | $1.10B | $1.16B | $1.11B | $1.10B | $1.18B | $1.15B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.51B | $1.46B | $1.46B | $1.57B | $1.54B | $1.57B | $1.57B | $1.59B | $1.56B | $1.59B | $1.64B | $1.58B | $1.16B | $1.15B | $1.17B | $1.22B | $1.18B | $1.18B | $1.25B | $1.24B |
| Preferred Stock | $- | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $104.00K | $94.00K | $94.00K | $94.00K | $94.00K | $94.00K | $94.00K |
| Common Stock | $- | $1.08M | $1.08M | $1.08M | $1.08M | $1.08M | $1.08M | $1.07M | $1.07M | $1.07M | $1.07M | $1.07M | $1.06M | $1.06M | $1.06M | $1.06M | $1.06M | $1.06M | $1.06M | $1.06M |
| Retained Earnings | $- | $-339.05M | $-326.11M | $-348.30M | $-339.85M | $-316.78M | $-304.89M | $-297.69M | $-288.20M | $-271.95M | $-267.16M | $-275.02M | $-262.64M | $-247.36M | $-236.40M | $-214.00M | $-179.01M | $-132.25M | $-93.99M | $-39.87M |
| Accumulated Other Comprehensive Income Loss | $- | $4.96M | $14.43M | $14.97M | $10.97M | $20.83M | $18.01M | $10.27M | $14.54M | $15.53M | $1.00M | $-4.90M | $-15.64M | $-20.93M | $-23.16M | $-24.52M | $-30.72M | $-33.26M | $-36.09M | $-35.04M |
| Other Total Stockholders Equity | $909.54M | $1.24B | $1.24B | $1.24B | $1.24B | $1.24B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.22B | $1.20B | $1.18B | $1.20B | $1.20B | $1.19B | $1.19B |
| Total Stockholders Equity | $909.54M | $911.44M | $931.95M | $907.76M | $911.20M | $942.10M | $949.25M | $946.22M | $959.81M | $975.60M | $964.67M | $951.35M | $948.07M | $954.30M | $936.60M | $938.78M | $988.74M | $1.03B | $1.07B | $1.12B |
| Total Equity | $959.76M | $961.65M | $1.41B | $1.39B | $1.40B | $1.45B | $1.46B | $1.44B | $1.46B | $1.48B | $1.49B | $1.52B | $1.11B | $1.10B | $1.07B | $1.00B | $1.05B | $1.10B | $1.13B | $1.19B |
| Total Liabilities and Stockholders Equity | $2.90B | $2.84B | $2.87B | $2.96B | $2.94B | $3.02B | $3.03B | $3.03B | $3.02B | $3.08B | $3.12B | $3.11B | $2.26B | $2.25B | $2.23B | $2.22B | $2.23B | $2.28B | $2.38B | $2.42B |
| Minority Interest | $50.22M | $50.22M | $477.59M | $486.64M | $485.50M | $503.26M | $512.95M | $496.65M | $498.36M | $505.66M | $520.61M | $570.27M | $159.12M | $145.20M | $129.12M | $61.83M | $63.32M | $65.06M | $66.29M | $68.69M |
| Total Liabilities and Total Equity | $2.90B | $2.84B | $2.87B | $2.96B | $2.94B | $3.02B | $3.03B | $3.03B | $3.02B | $3.08B | $3.12B | $3.11B | $2.26B | $2.25B | $2.23B | $2.22B | $2.23B | $2.28B | $2.38B | $2.42B |
| Total Investments | $2.75B | $2.67B | $19.09M | $2.72B | $13.96M | $2.83B | $2.86B | $2.78B | $16.84M | $2.88B | $2.90B | $- | $2.09B | $- | $- | $- | $2.10B | $- | $- | $28.96M |
| Total Debt | $1.42B | $1.36B | $1.37B | $1.48B | $1.46B | $1.47B | $1.48B | $1.49B | $1.69B | $1.49B | $1.55B | $1.50B | $1.09B | $1.07B | $1.10B | $1.16B | $1.11B | $1.10B | $1.18B | $1.15B |
| Net Debt | $-40.64M | $1.31B | $1.32B | $1.41B | $1.41B | $1.42B | $1.42B | $1.43B | $1.64B | $1.42B | $1.44B | $1.42B | $1.02B | $1.01B | $1.04B | $1.13B | $1.09B | $1.06B | $1.05B | $1.02B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $38.89M | $-9.49M | $1.22M | $-68.58M | $-149.25M |
| Depreciation and Amortization | $146.44M | $150.92M | $150.16M | $105.95M | $109.62M |
| Deferred Income Tax | $762.00K | $84.00K | $-59.00K | $-19.00K | $2.06M |
| Stock Based Compensation | $8.13M | $7.74M | $8.45M | $10.68M | $6.48M |
| Change in Working Capital | $2.07M | $672.00K | $13.49M | $12.59M | $-17.72M |
| Accounts Receivables | $2.72M | $-334.00K | $-7.26M | $-2.70M | $1.29M |
| Inventory | $- | $1 | $- | $- | $- |
| Accounts Payables | $2.51M | $-380.00K | $-438.00K | $1.85M | $-1.42M |
| Other Working Capital | $-3.16M | $1.39M | $21.19M | $13.43M | $-17.59M |
| Other Non Cash Items | $-29.97M | $3.71M | $-3.64M | $5.43M | $6.76M |
| Net Cash Provided by Operating Activities | $166.32M | $153.64M | $169.62M | $66.05M | $-42.05M |
| Investments in Property Plant and Equipment | $- | $-89.58M | $-76.47M | $-20.36M | $-22.63M |
| Acquisitions Net | $- | $- | $204.80M | $115.55M | $622.00K |
| Purchases of Investments | $- | $-50.02M | $-288.90M | $-79.69M | $-9.91M |
| Sales Maturities of Investments | $- | $1.46M | $1.10M | $25.80M | $4.03M |
| Other Investing Activities | $-71.50M | $36.18M | $-131.04M | $-115.55M | $-2.82M |
| Net Cash Used for Investing Activities | $-71.50M | $-101.96M | $-290.51M | $-74.24M | $-30.71M |
| Debt Repayment | $- | $-17.28M | $-398.00K | $-20.16M | $78.75M |
| Common Stock Issued | $- | $- | $- | $96.62M | $- |
| Common Stock Repurchased | $-939.00K | $-1.80M | $-2.46M | $-77.69M | $-469.00K |
| Dividends Paid | $-36.88M | $-45.77M | $-28.39M | $-15.52M | $-34.25M |
| Other Financing Activities | $-56.42M | $-1.28M | $117.00M | $8.00M | $-2.21M |
| Net Cash Used Provided by Financing Activities | $-94.23M | $-65.72M | $85.76M | $66.24M | $41.83M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $590.00K | $-14.04M | $-35.14M | $58.05M | $-30.94M |
| Cash at End of Period | $48.36M | $47.77M | $61.81M | $96.94M | $38.90M |
| Cash at Beginning of Period | $47.77M | $61.81M | $96.94M | $38.90M | $69.83M |
| Operating Cash Flow | $166.32M | $153.64M | $169.62M | $66.05M | $-42.05M |
| Capital Expenditure | $- | $-89.58M | $-76.47M | $-20.36M | $-22.63M |
| Free Cash Flow | $166.32M | $64.06M | $93.15M | $45.70M | $-64.68M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $916.00K | $-3.56M | $35.16M | $2.83M | $-11.95M | $-5.77M | $890.00K | $-1.97M | $-12.08M | $-1.04M | $23.31M | $-8.97M | $-10.90M | $-4.24M | $-20.57M | $-32.87M | $-44.71M | $-35.77M | $-52.55M | $-16.21M |
| Depreciation and Amortization | $36.47M | $36.71M | $36.46M | $36.80M | $38.62M | $37.88M | $37.51M | $36.91M | $37.70M | $38.13M | $38.06M | $36.27M | $26.18M | $25.89M | $26.59M | $27.30M | $27.47M | $27.50M | $27.57M | $27.08M |
| Deferred Income Tax | $- | $- | $- | $- | $21.00K | $-171.00K | $320.00K | $- | $-59.00K | $- | $- | $- | $-19.00K | $1.73M | $275.00K | $-50.00K | $-2.00K | $-211.00K | $32.00K | $2.06M |
| Stock Based Compensation | $1.79M | $1.85M | $2.63M | $1.85M | $1.83M | $1.87M | $2.58M | $1.47M | $1.38M | $1.23M | $2.14M | $3.70M | $4.82M | $1.89M | $2.40M | $1.57M | $1.52M | $1.52M | $1.97M | $1.48M |
| Change in Working Capital | $-3.89M | $18.90M | $2.42M | $-15.37M | $-6.37M | $8.78M | $4.04M | $-5.78M | $-5.34M | $8.46M | $17.22M | $-6.85M | $-5.15M | $9.22M | $8.64M | $-125.00K | $-8.57M | $6.36M | $-5.33M | $-10.18M |
| Accounts Receivables | $2.10M | $7.24M | $18.00K | $-6.64M | $2.86M | $-2.10M | $1.96M | $-3.06M | $2.50M | $-2.49M | $6.46M | $-13.73M | $-267.00K | $568.00K | $-62.00K | $-2.94M | $554.00K | $-2.04M | $849.00K | $1.93M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-30.95M | $441.86M | $-22.18M | $-123.59M | $-140.52M |
| Accounts Payables | $1.72M | $861.00K | $-2.12M | $2.06M | $-1.39M | $1.16M | $-112.00K | $-38.00K | $-194.00K | $-69.00K | $-1.07M | $900.00K | $-197.00K | $1.33M | $-362.00K | $1.08M | $-1.11M | $639.00K | $-2.28M | $1.33M |
| Other Working Capital | $-7.70M | $10.80M | $4.53M | $-10.79M | $-7.85M | $9.73M | $2.19M | $3.09M | $-7.65M | $11.03M | $11.83M | $5.97M | $-4.69M | $7.32M | $9.06M | $32.68M | $-449.88M | $29.94M | $119.69M | $127.08M |
| Other Non Cash Items | $-3.11M | $1.75M | $51.30M | $2.11M | $8.32M | $1.52M | $1.71M | $1.38M | $12.35M | $2.00M | $-19.34M | $1.36M | $838.00K | $962.00K | $665.00K | $1.01M | $3.63M | $45.00K | $177.00K | $3.09M |
| Net Cash Provided by Operating Activities | $32.19M | $55.66M | $50.33M | $28.15M | $30.47M | $44.11M | $47.05M | $32.01M | $33.93M | $48.78M | $61.40M | $25.50M | $15.76M | $35.46M | $18.00M | $-3.17M | $-20.66M | $-560.00K | $-28.14M | $7.31M |
| Investments in Property Plant and Equipment | $- | $39.92M | $-20.89M | $-19.03M | $-26.55M | $-20.14M | $-18.80M | $-24.09M | $-27.70M | $-23.49M | $-14.93M | $-10.35M | $-9.70M | $-4.16M | $-2.92M | $-3.58M | $-3.40M | $-3.38M | $-4.80M | $-11.05M |
| Acquisitions Net | $- | $135.00K | $145.00K | $76.00K | $20.59M | $23.61M | $62.95M | $1.35M | $204.12M | $- | $-50.05M | $674.00K | $13.87M | $16.00M | $85.67M | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $2.50M | $-1.59M | $-913.00K | $-826.00K | $-3.46M | $-44.41M | $-1.32M | $-5.66M | $- | $-8.77M | $-274.47M | $-38.47M | $-35.17M | $-3.38M | $-2.66M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $1.21M | $-7.00K | $257.00K | $24.05M | $246.00K | $-72.91M | $73.76M | $- | $25.80M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-105.19M | $-59.53M | $83.12M | $9.04M | $8.54M | $-23.61M | $-35.32M | $-25.41M | $-204.12M | $73.76M | $50.05M | $-284.82M | $-22.36M | $-39.34M | $-6.30M | $-6.24M | $-3.35M | $-6.32M | $-8.31M | $-12.72M |
| Net Cash Used for Investing Activities | $-105.19M | $-16.97M | $60.87M | $-9.99M | $2.97M | $-23.61M | $-35.32M | $-25.41M | $-33.11M | $-22.64M | $50.05M | $-284.82M | $-22.36M | $-39.34M | $-6.30M | $-6.24M | $-3.35M | $-6.32M | $-8.31M | $-12.72M |
| Debt Repayment | $59.46M | $-10.64M | $-105.01M | $21.51M | $-15.50M | $-5.60M | $-10.49M | $14.31M | $-18.02M | $-55.94M | $-6.56M | $80.12M | $12.25M | $-22.97M | $-62.46M | $53.02M | $10.04M | $-75.93M | $25.57M | $119.07M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $96.62M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $-106.00K | $-833.00K | $-414.00K | $-17.00K | $-87.00K | $-1.28M | $-1.00K | $- | $-2.46M | $- | $-2.69M | $-75.00M | $1.60M | $-1.60M | $-469.00K | $- | $- | $-469.00K |
| Dividends Paid | $-14.63M | $-14.47M | $-14.61M | $-11.98M | $-12.14M | $-11.97M | $-12.13M | $-9.53M | $-9.58M | $-9.50M | $-5.00M | $-4.30M | $-4.31M | $-3.75M | $-3.75M | $-3.71M | $-3.75M | $-3.71M | $-3.75M | $-23.03M |
| Other Financing Activities | $17.49M | $-7.19M | $-10.96M | $-2.28M | $-4.02M | $-6.75M | $9.56M | $-69.00K | $-2.65M | $-15.52M | $-66.61M | $201.79M | $13.13M | $-59.02M | $85.30M | $-29.80M | $17.00K | $-83.00K | $-2.02M | $-124.00K |
| Net Cash Used Provided by Financing Activities | $62.32M | $-32.30M | $-130.83M | $6.42M | $-52.25M | $-24.34M | $-13.15M | $3.42M | $-30.26M | $-80.95M | $-80.62M | $277.60M | $18.38M | $10.88M | $19.09M | $17.90M | $6.30M | $-79.72M | $19.80M | $95.44M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $37.81M | $42.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-10.68M | $6.40M | $-19.71M | $24.58M | $-18.81M | $-3.83M | $-1.42M | $10.02M | $-29.44M | $-54.81M | $30.83M | $18.29M | $11.77M | $7.00M | $30.78M | $8.49M | $-17.71M | $-86.61M | $-16.65M | $90.03M |
| Cash at End of Period | $48.36M | $58.96M | $52.64M | $72.35M | $47.77M | $66.58M | $70.41M | $71.83M | $61.81M | $91.25M | $146.06M | $115.23M | $96.94M | $85.17M | $78.17M | $47.39M | $38.90M | $56.61M | $143.21M | $159.86M |
| Cash at Beginning of Period | $59.04M | $52.64M | $72.35M | $47.77M | $66.58M | $70.41M | $71.83M | $61.81M | $91.25M | $146.06M | $115.23M | $96.94M | $85.17M | $78.17M | $47.39M | $38.90M | $56.61M | $143.21M | $159.86M | $69.83M |
| Operating Cash Flow | $32.19M | $55.66M | $50.33M | $28.15M | $30.47M | $44.11M | $47.05M | $32.01M | $33.93M | $48.78M | $61.40M | $25.50M | $15.76M | $35.46M | $18.00M | $-3.17M | $-20.66M | $-560.00K | $-28.14M | $7.31M |
| Capital Expenditure | $- | $39.92M | $-20.89M | $-19.03M | $-26.55M | $-20.14M | $-18.80M | $-24.09M | $-27.70M | $-23.49M | $-14.93M | $-10.35M | $-9.70M | $-4.16M | $-2.92M | $-3.58M | $-3.40M | $-3.38M | $-4.80M | $-11.05M |
| Free Cash Flow | $32.19M | $95.58M | $29.43M | $9.12M | $3.92M | $23.98M | $28.25M | $7.92M | $6.24M | $25.29M | $46.46M | $15.16M | $6.07M | $31.30M | $15.08M | $-6.75M | $-24.06M | $-3.94M | $-32.94M | $-3.74M |
Summit Hotel Properties Dividends
Explore Summit Hotel Properties's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
5.08%
Dividend Payout Ratio
146.67%
Dividend Paid & Capex Coverage Ratio
4.51x
Summit Hotel Properties Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.08 | $0.08 | February 14, 2025 | February 14, 2025 | February 28, 2025 | January 23, 2025 |
| $0.08 | $0.08 | November 15, 2024 | November 15, 2024 | November 29, 2024 | October 24, 2024 |
| $0.08 | $0.08 | August 16, 2024 | August 16, 2024 | August 30, 2024 | July 25, 2024 |
| $0.08 | $0.08 | May 16, 2024 | May 17, 2024 | May 31, 2024 | May 01, 2024 |
| $0.06 | $0.06 | February 14, 2024 | February 15, 2024 | February 29, 2024 | January 25, 2024 |
| $0.06 | $0.06 | November 15, 2023 | November 16, 2023 | November 30, 2023 | October 26, 2023 |
| $0.06 | $0.06 | August 16, 2023 | August 17, 2023 | August 31, 2023 | July 27, 2023 |
| $0.06 | $0.06 | May 16, 2023 | May 17, 2023 | May 31, 2023 | April 27, 2023 |
| $0.04 | $0.04 | February 13, 2023 | February 14, 2023 | February 28, 2023 | January 26, 2023 |
| $0.04 | $0.04 | November 15, 2022 | November 16, 2022 | November 30, 2022 | October 28, 2022 |
| $0.04 | $0.04 | August 16, 2022 | August 17, 2022 | August 31, 2022 | August 02, 2022 |
| $0.18 | $0.18 | February 13, 2020 | February 14, 2020 | February 28, 2020 | January 31, 2020 |
| $0.18 | $0.18 | November 14, 2019 | November 15, 2019 | November 29, 2019 | November 01, 2019 |
| $0.18 | $0.18 | August 15, 2019 | August 16, 2019 | August 30, 2019 | July 29, 2019 |
| $0.18 | $0.18 | May 16, 2019 | May 17, 2019 | May 31, 2019 | April 29, 2019 |
| $0.18 | $0.18 | February 13, 2019 | February 14, 2019 | February 28, 2019 | February 01, 2019 |
| $0.18 | $0.18 | November 15, 2018 | November 16, 2018 | November 30, 2018 | October 26, 2018 |
| $0.18 | $0.18 | August 15, 2018 | August 16, 2018 | August 31, 2018 | July 30, 2018 |
| $0.18 | $0.18 | May 15, 2018 | May 16, 2018 | May 31, 2018 | April 30, 2018 |
| $0.18 | $0.18 | February 15, 2018 | February 16, 2018 | February 28, 2018 | February 05, 2018 |
Summit Hotel Properties News
Read the latest news about Summit Hotel Properties, including recent articles, headlines, and updates.
INN or NHI: Which Is the Better Value Stock Right Now?
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?
Are Investors Undervaluing Summit Hotel Properties (INN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
INN vs. GLPI: Which Stock Is the Better Value Option?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Summit Hotel Properties (INN) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?
Should Value Investors Buy Summit Hotel Properties (INN) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Summit Hotel Properties, Inc. (INN) Q4 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q4 2024 Earnings Call Transcript February 25, 2025 9:00 AM ET Company Participants Jon Stanner - President, CEO & Director Trey Conkling - Executive VP & CFO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dany Assad - Bank of America Michael Bellisario - Baird Chris Woronka - Deutsche Bank RJ Milligan - Raymond James Operator Welcome to the Summit Hotel Properties 2024 Fourth Quarter and Full Year Earnings Conference Call. I will now be passing the line to Kevin Malota, Senior Vice President of Corporate Finance.
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Full Year Operating Income Increases to $103.5 million Full Year Adjusted EBITDAre Grows to $192.2 million; AFFO increases 5.6% to $0.96 per share Completed Over $200 Million of Accretive Transaction Activity in 2024 AUSTIN, Texas , Feb. 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and twelve months ended December 31, 2024. "We are pleased with our fourth quarter and full-year 2024 financial results, driven by pro forma RevPAR growth that exceeded industry average growth for the third consecutive year, effective expense management, and the continued success of our accretive capital recycling program.
Summit Hotel Properties Announces 2025 Annual Meeting of Stockholders
AUSTIN, Texas , Feb. 20, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2025 Annual Meeting of Stockholders will be held Wednesday, May 21, 2025, beginning at 8:00 a.m. Eastern Time.
SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2024 DIVIDENDS
AUSTIN, Texas , Jan. 23, 2025 /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, 2024, 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 4.8 percent based on the closing price of shares of the common stock on January 22, 2025.
Summit Hotel Properties: 7.6% Preferred Dividend Yield Offers Nice Diversification
I focus on preferred shares of Summit Hotel Properties, which offer a senior position in the capital stack and cumulative dividends, despite market volatility. Summit Hotel Properties reported strong FFO and AFFO, comfortably covering its preferred dividend commitments, with only 12% of AFFO needed for preferred dividends. The REIT's balance sheet is robust, with $2.84B in assets and $1.32B in equity, although the preferred equity ratio is lower than ideal.
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , Jan. 9, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2024 on Monday, February 24, 2025, after the market closes. The Company will conduct its quarterly conference call on Tuesday, February 25, 2025, at 9:00 AM ET.
Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint Venture
AUSTIN, Texas , Dec. 10, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), through its joint venture with GIC, today announced that it is under contract to acquire the 250-guestroom Hampton Inn Boston - Logan Airport and the 149-guestroom Hilton Garden Inn Tysons Corner for a combined purchase price of $96.0 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth quarter of 2026.
Summit Hotel Properties, Inc. (INN) Q3 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in several of our key markets.
Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield
I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a safe dividend coverage ratio. Summit Hotel Properties' balance sheet is solid, with $2.87B in assets and a net debt position of $1.3B, ensuring preferred equity safety.
SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2024 DIVIDENDS
AUSTIN, Texas , Oct. 24, 2024 /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 third quarter ended September 30, 2024, 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 third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
Summit Hotel Properties (INN) Shows Fast-paced Momentum But Is Still a Bargain Stock
Summit Hotel Properties (INN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes.
SUMMIT HOTEL PROPERTIES PUBLISHES 2024 CORPORATE RESPONSIBILITY REPORT
AUSTIN, Texas , Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders.
Here Is Why Bargain Hunters Would Love Fast-paced Mover Summit Hotel Properties (INN)
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Summit Hotel Properties (INN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Summit Hotel Properties, Inc. (INN) Q2 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2024 Earnings Call July 30, 2024 9:00 AM ET Company Participants Adam Wudel - Senior Vice President, Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Dany Asad - Bank of America Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Welcome to the Summit Hotel Properties 2024 Second Quarter Earnings Conference Call. I will now be passing the line to Adam Wudel, Senior Vice President of Finance, Capital Markets and Treasurer.
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2024 RESULTS
Net Income Increases to $30.8 Million for Second Quarter 2024 Adjusted EBITDAre Grows 6% to Reach All-Time Quarterly Record High of $55.9 Million Adjusted FFO Increases 10% to $0.29 per Share AUSTIN, Texas , July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. "We are pleased with our strong second quarter financial results as year-over-year RevPAR growth of 3.4% in our pro forma portfolio exceeded the national average for the thirteenth consecutive quarter.
SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2024 DIVIDENDS
AUSTIN, Texas , July 25, 2024 /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 second quarter ended June 30, 2024, 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 second quarter common dividend represents an annualized dividend yield of 5.4 percent based on the closing price of shares of the common stock on July 24, 2024.
Is Summit Hotel Properties (INN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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