Summit Hotel Properties, Inc. (INN)
| Market Cap | 659.01M |
| Revenue (ttm) | 736.13M |
| Net Income (ttm) | -27.99M |
| Shares Out | 107.59M |
| EPS (ttm) | -0.27 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.24 (3.92%) |
| Ex-Dividend Date | Feb 14, 2024 |
| Volume | 78,752 |
| Open | 6.12 |
| Previous Close | 6.07 |
| Day's Range | 6.08 - 6.18 |
| 52-Week Range | 5.31 - 7.26 |
| Beta | 1.96 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | May 1, 2024 |
About INN
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states. [Read more]
Financial Performance
In 2023, INN's revenue was $736.13 million, an increase of 8.94% compared to the previous year's $675.70 million. Losses were -$27.99 million, 65.3% more than in 2022.
Financial StatementsNews
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. (NYSE: INN)
NEW YORK , April 8, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Summit Hotel Properties, Inc. (NYSE: INN) on behalf of the company's shareholders. The investigation...
SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , March 26, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2024 on Wednesda...
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Operating Income of $58.8 Million for Full Year 2023 Adjusted EBITDAre Climbs 5.1 Percent to $190.0 Million; Adjusted FFO Per Share of $0.92 for Full Year 2023 Accretive Dispositions Continue with Sal...
Summit Hotel Properties Announces 2024 Annual Meeting of Stockholders
AUSTIN, Texas , Feb. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2024 Annual Meeting of Stockholders will be held Wednesday, May 22, 202...
SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2023 DIVIDENDS
AUSTIN, Texas , Jan. 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 cas...
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , Jan. 4, 2024 /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 202...
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2023 RESULTS
Operating Income of $16.5 Million Adjusted EBITDAre Reaches $46.3 Million; Adjusted FFO Per Share of $0.22 Full Year 2023 Adjusted EBITDAre and Adjusted FFO Guidance Midpoint Increased AUSTIN, Texas ,...
SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2023 DIVIDENDS
AUSTIN, Texas , Oct. 26, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cas...
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , Sept. 26, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2023 on Wednesda...
SUMMIT HOTEL PROPERTIES COMPLETES $200 MILLION JOINT VENTURE CREDIT FACILITY REFINANCING
AUSTIN, Texas , Sept. 20, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its joint venture with GIC, Singapore's sovereign wealth fund, has success...
SUMMIT HOTEL PROPERTIES PUBLISHES 2023 CORPORATE RESPONSIBILITY REPORT
AUSTIN, Texas , Sept. 12, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report for 2023, which p...
These 3 Real Estate Stocks With Over 4% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTS
Pro Forma RevPAR Reaches New Post-Pandemic High The Nordic Lodge Steamboat Springs Acquired Through GIC Joint Venture AUSTIN, Texas , Aug. 2, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: ...
SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2023 DIVIDENDS
AUSTIN, Texas , July 27, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cas...
SUMMIT HOTEL PROPERTIES COMPLETES $600 MILLION CREDIT FACILITY REFINANCING
AUSTIN, Texas , June 22, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has successfully completed the refinancing of its $600 million senior un...
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , June 21, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2023 on Wednesda...
SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE
Joint Venture with GIC Completes Acquisition of Residence Inn Scottsdale North Four-Hotel Portfolio Sale Completed for $28.1 Million AUSTIN, Texas , June 5, 2023 /PRNewswire/ -- Summit Hotel Propertie...
SUMMIT HOTEL PROPERTIES AWARDED BEST RENOVATION AT HYATT'S 2023 AMERICAS OWNERS CONFERENCE
AUSTIN, Texas , May 17, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") is proud to announce that it has been recognized as the Best Renovation award winner from Hyatt H...
SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2023 RESULTS
First Quarter 2023 Pro Forma RevPAR Grows 19.3% Operating Income Increase Drives Adjusted EBITDAre Growth of 35% to $44.4 Million Common Dividend Increased 50% to an Annualized $0.24 Per Share AUSTIN,...
SUMMIT HOTEL PROPERTIES INCREASES COMMON DIVIDEND BY 50% AND DECLARES FIRST QUARTER 2023 DIVIDENDS
AUSTIN, Texas , April 27, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a ca...
SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , March 30, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2023 on Wednesda...
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS
Fourth Quarter 2022 RevPAR Recapture Reaches New High Operating Income Triples Driving Adjusted EBITDAre Growth of 100% to $180.8 Million in 2022 Nearly $1 Billion of Strategic Acquisitions Completed ...
Summit Hotel Properties Announces 2023 Annual Meeting of Stockholders
AUSTIN, Texas , Feb. 23, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2023 Annual Meeting of Stockholders will be held Wednesday, May 24, 202...
SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2022 DIVIDENDS
AUSTIN, Texas , Jan. 26, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cas...
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 EARNINGS RELEASE DATE
AUSTIN, Texas , Jan. 10, 2023 /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 20...