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INN

Summit Hotel Properties, Inc.

https://www.shpreit.com

Industry

REIT - Hotel & Motel

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.

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Summit Hotel Properties (NYSE:INN) reported Q2 2024 earnings per share (EPS) of $0.29, beating the analyst estimate of $0.27. However, the company's sales of $193.903 million slightly missed the estimate of $193.909 million and showed a 0.30% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:34 pm

Summit Hotel Properties projects its FY24 adjusted Funds From Operations (FFO) to be in the range of $0.90 to $1.00, compared to the estimated $0.92.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:06 pm

Summit Hotel Properties (NYSE:INN) reported Q1 2024 FFO of $0.24 per share, surpassing the $0.20 estimate, and sales of $188.142M, exceeding the $184.847M estimate. This represents a 9.09% increase in earnings and a 3.16% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:05 pm

Deutsche Bank and several other stocks experienced declines in Monday's pre-market session. Deutsche Bank's shares fell 7.4% due to potential €1.3 billion litigation costs. Other stocks like Allego N.V., Daqo New Energy Corp, and Summit Hotel Properties also saw significant drops, attributed to various factors including missed earnings estimates and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:31 pm

Summit Hotel Properties projects its FY24 Adjusted Funds From Operations (AFFO) to be in the range of $0.90 to $1.00, compared to the estimated $0.91.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:21 pm

Summit Hotel Properties (INN) reported Q4 2023 FFO of $0.22 per share, surpassing the $0.20 estimate, with sales of $177.44M exceeding the $176.54M forecast. This represents a 2.96% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:49 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

Wolfe Research analyst Keegan Carl has initiated coverage on Summit Hotel Properties (NYSE:INN) with a Peer Perform rating, indicating a neutral outlook on the company's stock performance relative to its peers.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 10:35 am

Summit Hotel Properties (NYSE:INN) reported Q3 2023 earnings of $0.22 per share, a 12% decrease YoY. However, the company's quarterly sales of $181.82M beat the analyst consensus estimate of $180.50M by 0.73%, marking a 2% increase YoY.

Portfolio Pulse from totan@benzinga.com

November 01, 2023 | 9:16 pm

Summit Hotel Properties has announced the completion of the refinancing of its $200 million senior credit facility. The facility is a joint venture with GIC and is comprised of a $125 million revolving credit facility and a $75 million term loan.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 10:31 am

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