United States

AFFO (TTM)

AFFO/share (TTM)

AFFO/share Guidance

AFFO (Quarter)

AFFO/share (Quarter)

Price per share at the end of the period divided by the last reported earnings

Price/AFFO

Same Property Occupancy

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.

Summit Hotel

The main earnings metric reported by the REIT

If the REIT is managed by an internal (employees) or external (separate company) team

Period: 2023 Q1

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2023 Q2

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2023 Q3

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2023 Q4

Years since IPO: 15/15,
Adjusted FFO Growth: 6/15,
Adjusted FFO/share Growth: 11/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2024 Q1

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2024 Q2

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2024 Q3

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2024 Q4

Years since IPO: 15/15,
Adjusted FFO Growth: 8/15,
Adjusted FFO/share Growth: 13/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

Period: 2025 Q1

Years since IPO: 15/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 10/15
            

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's Adjusted FFO

Adjusted FFO Growth

Assessment of recent increases in Adjusted FFO per share, indicating profitability

Adjusted FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

Same Store RevPAR Increased 1.5% Completed $275 Million Delayed Draw Term Loan Financing; Proceeds to Fund February 2026 Convertible Notes Maturity $50 Million Share Repurchase Program Authorized AUSTIN, Texas , April 30, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three months ended March 31, 2025. "Our same-store portfolio RevPAR increased 1.5% during the first quarter and hotel EBITDA margin contracted less than 50 basis points compared to the prior year, reflecting our ability to effectively manage expenses in a low revenue growth environment.

SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2025 RESULTS

AUSTIN, Texas , April 24, 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 first quarter ended March 31, 2025, 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 first quarter common dividend represents an annualized dividend yield of 8.2 percent based on the closing price of shares of the common stock on April 23, 2025.

SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2025 DIVIDENDS

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.

SUMMIT HOTEL PROPERTIES COMPLETES $275 MILLION DELAYED DRAW TERM LOAN FINANCING

AUSTIN, Texas , March 26, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2025 on Wednesday, April 30, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 1, 2025, at 9:00 AM ET.

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE

SAME STORE REVPAR INCREASED 1.5% COMPLETED $275 MILLION DELAYED DRAW TERM LOAN FINANCING; PROCEEDS TO FUND FEBRUARY 2026 CONVERTIBLE NOTES MATURITY $50 MILLION SHARE REPURCHASE PROGRAM AUTHORIZED AUSTIN, TEXAS , APRIL 30, 2025 /PRNEWSWIRE/ -- SUMMIT HOTEL PROPERTIES, INC. (NYSE: INN) (THE "COMPANY"), TODAY ANNOUNCED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2025. "OUR SAME-STORE PORTFOLIO REVPAR INCREASED 1.5% DURING THE FIRST QUARTER AND HOTEL EBITDA MARGIN CONTRACTED LESS THAN 50 BASIS POINTS COMPARED TO THE PRIOR YEAR, REFLECTING OUR ABILITY TO EFFECTIVELY MANAGE EXPENSES IN A LOW REVENUE GROWTH ENVIRONMENT.

AUSTIN, TEXAS , APRIL 24, 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 FIRST QUARTER ENDED MARCH 31, 2025, 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 FIRST QUARTER COMMON DIVIDEND REPRESENTS AN ANNUALIZED DIVIDEND YIELD OF 8.2 PERCENT BASED ON THE CLOSING PRICE OF SHARES OF THE COMMON STOCK ON APRIL 23, 2025.

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.

AUSTIN, TEXAS , MARCH 26, 2025 /PRNEWSWIRE/ -- SUMMIT HOTEL PROPERTIES, INC. (NYSE: INN) (THE "COMPANY") TODAY ANNOUNCED THAT IT WILL REPORT FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025 ON WEDNESDAY, APRIL 30, 2025, AFTER THE MARKET CLOSES. THE COMPANY WILL CONDUCT ITS QUARTERLY CONFERENCE CALL ON THURSDAY, MAY 1, 2025, AT 9:00 AM ET.

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 REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

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 ANNOUNCES 2025 ANNUAL MEETING OF STOCKHOLDERS

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 SHAREOF 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 DECLARES FOURTH QUARTER 2024 DIVIDENDS

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 FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE DATE

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 ANNOUNCES PENDING ACQUISITION OF TWO-HOTEL PORTFOLIO FOR $96 MILLION THROUGH GIC JOINT VENTURE

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

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