Summit Hotel Properties Stock News

Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2025 Earnings Conference Call August 6, 2025 9:00 AM ET Company Participants Jonathan P. Stanner - President, CEO & Director Kevin Milota - Corporate Participant William H.

Second Quarter Operating Income of $22.7 Million; AFFO of $32.7 Million or $0.27 per Share Repurchased 3.6 Million Shares for $15.4 Million, an Average of $4.30 per Share Completed Two Significant Debt Financings to Extend Maturity Dates and Enhance Corporate Liquidity AUSTIN, Texas , Aug. 5, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results...

AUSTIN, Texas , Aug. 1, 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 second quarter ended June 30, 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 ope...

Summit Hotel Properties is a leading hotel REIT with $2.9B in assets and a BBB- S&P credit rating. INN's preferred shares trade below par, yield over 8%, and offer cumulative distributions with change-of-control protection. Moody's methodology assigns INN a Ba2 credit rating; preferred shares would be rated B1, reflecting sector risks and leverage.

Summit Hotel Properties' preferred F shares offer an 8.4% yield, 42% upside to par, and strong dividend coverage, making them highly attractive versus common shares. Dividend security is robust, even after conservative AFFO adjustments and accounting for capex, with moderate leverage and a solid equity cushion protecting liquidation preference. INN-F's change of control provisions provide super...

Publicly listed US equity REITs ended June at a median 19.1% discount to their consensus NAV per share estimates, according to S&P Global Market Intelligence data. The hotel sector traded at the largest median discount to NAV at 35.5%, down from a 35.7% median discount to NAV as of May 30. Healthcare REITs continued to trade at the highest median premium, 19.3%, which is about 1.4 percentage po...

AUSTIN, Texas , June 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2025 on Tuesday, August 5, 2025, after the market closes. The Company will conduct its quarterly conference call on Wednesday, August 6, 2025, at 9:00 AM ET.

With a forward dividend yield of close to 7%, Summit Hotel Properties has a high dividend yield at present. This dividend is comfortably covered by the company's earnings, which leaves the room for potential raises in the future. The company also has a healthy balance sheet, with no significant maturities until 2 years later.