INN - Summit Hotel Properties, Inc.
Summit Hotel Properties' preferred stocks, INN.PR.E and INN.PR.F, yield over 8% and trade below par, but carry elevated credit risk. INN's credit profile is constrained by the cyclical hotel sector, with a Moody's-equivalent rating of Ba3 for the company and B2 for preferred shares. Asset coverage and liquidity metrics are reasonable, but net debt to EBITDA is high at 8x.
U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.
Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.22 per share a year ago.
First Quarter Operating Income of $14.1 Million; AFFO of $25.5 Million or $0.21 per Share Increased 2026 Outlook as Sequential RevPAR Improvement Results in Positive First Quarter RevPAR Growth Accretive Capital Recycling Continues with Agreement to Sell the Courtyard and Residence Inn Dallas (Arlington South) AUSTIN, Texas, April 30, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three months ended March 31, 2026. "Operating fundamentals improved meaningfully in the first quarter as positive RevPAR growth in the quarter exceeded our expectations by over 200 basis points.
South Plains Financial (SPFI) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.72 per share a year ago.
AUSTIN, Texas, April 23, 2026 /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, 2026, 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 6.8 percent based on the closing price of shares of the common stock on April 22, 2026.
Summit Hotel Properties, Inc. (NYSE: INN - Get Free Report) has received a consensus rating of "Reduce" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating
Summit Hotel Properties, Inc. (NYSE: INN - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.83 and traded as high as $4.86. Summit Hotel Properties shares last traded at $4.8550, with a volume of 799,181 shares. Wall Street Analysts Forecast Growth
SAN FRANCISCO--(BUSINESS WIRE)-- #Fortune500--GREENROW ANNOUNCES NEW HOSPITALITY PARTNERSHIP WITH THE INN AT SERENBE.
Summit Hotel Properties is rated a 'Buy' due to its strong balance sheet, high dividend yield, and deep valuation discount. INN boasts a 7.46% dividend yield with a conservative 40% payout ratio, supported by robust liquidity and no debt maturities until 2028. Despite macro headwinds, INN outperformed peers with a 33.4% EBITDA margin and gained RevPAR market share in Q4 2025.
AUSTIN, Texas, March 25, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2026 on Thursday, April 30, 2026, after the market closes. The Company will conduct its quarterly conference call on Friday, May 1, 2026, at 12:00 PM ET.
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Summit Hotel Properties, Inc. (INN) Q4 2025 Earnings Call Transcript
Accretive Capital Recycling Continues with the Sale of the Hilton Garden Inn Longview Refinance of Convertible Notes Complete Utilizing Delayed Draw Term Loan No Debt Maturities Until 2028 AUSTIN, 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 portfolio stabilized in the fourth quarter, with RevPAR growth improving 240 basis points sequentially, despite continued headwinds created by lower international inbound travel and reduced government demand, which was exacerbated in the fourth quarter by the prolonged government shutdown.
AUSTIN, Texas, Feb. 20, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2026 Annual Meeting of Stockholders will be held Wednesday, May 20, 2026, beginning at 8:00 a.m. Central Time.
NAV Monitor: U.S. REITs End January At Median 16.2% Discount To Net Asset Value
AUSTIN, Texas, Jan. 22, 2026 /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, 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 fourth quarter common dividend represents an annualized dividend yield of 6.6 percent based on the closing price of shares of the common stock on January 21, 2026.
Summit Hotel Properties preferred shares offer attractive risk/reward, with Series E yielding nearly 8.3% and strong asset coverage. INN's AFFO for the first nine months of 2025 was $21.3 million, comfortably covering preferred dividends and supported by substantial common equity. Recent asset sales at a 30%+ premium to book value have improved INN's balance sheet and reduced capital expenditure needs.