Inferra AI / Company / INN
Summit Hotel Properties, Inc.
INN · Real Estate
Last earnings Aug 5, 2026
Key results
Operating incomequarter
27.3%
Operating Income Increased 27.3% to $28.9 Million Adjusted EBITDAre Increased 7.7% to $54.8
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Net incomequarter
$3.9 million
Second Quarter 2026 Summary Net Income Net income attributable to common stockholders was $3.9 million, or $0.04 per diluted share, compared to net loss of $1.6 million, or $0.02 per diluted share, for the second quarter of 2025.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Capexquarter
$7.6 million
The combined sale price represents a 5.9 percent capitalization rate based on the net operating income for the trailing twelve months ended June 30, 2026, and after consideration of approximately $7.6 million of foregone near-term required capital expenditures.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Based on the net operating income for the trailing twelve months prior to FIFA World Cup demand, the sale price represents a 5.4 percent capitalization rate after consideration of foregone near-term required capital expenditures.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Revenuequarter
$219 million
Since 2023, the Company and its affiliates have sold, or are under contract to sell, 15 hotels for a combined sales price of approximately $219 million at a blended capitalization rate of approximately 4.7 percent, inclusive of an estimated $68 million of foregone capital needs, based on the trailing twelve-month net operating income at the time of each sale.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
before preferred dividends 8,492 3,013 2,678 2,956 Less - Distributions to and accretion of redeemable non-controlling interests (657) (657) (1,314) (1,314) Less - Preferred dividends (3,968) (3,968) (7,938) (7,938) Net income (loss) attributable to common stockholders $ 3,867 $ (1,612) $ (6,574) $ (6,296) Income (loss) per common share Basic $ 0.04 $ (0.02) $ (0.06) $ (0.06) Diluted $ 0.04 $ (0.02) $ (0.06) $ (0.06) Weighted-average common shares outstanding Basic 104,768 107,633 105,241 107,820 Diluted 106,181 107,633 105,241 107,820 8 P a g e Summit Hotel Properties, Inc.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
AI analysis
Q2 2026 · reported Aug 5, 2026
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Operating income | 27.3% | — | — |
| Net income | $3.9 million | — | — |
| Capex | $7.6 million | — | — |
| Revenue | $219 million | — | — |
Guidance · company-stated
Direction: Raised
“Based on actual results for the first six months of the year and recent operating trends, the Company is increasing the low and high end of its guidance ranges for pro forma RevPAR growth, Adjusted EBITDAre, Adjusted FFO, and Adjusted FFO per share.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
Stock Repurchases During the second quarter, the Company repurchased approximately 49,000 shares for an aggregate purchase price of $0.2 million, or a weighted average price of approximately $4.27 per share.
Event summary
We were pleased with our strong second quarter results and are increasingly optimistic about the outlook for our business
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “Based on actual results for the first six months of the year and recent operating trends, the Company is increasing the low and high end of its guidance ranges for pro forma RevPAR growth, Adjusted EBITDAre, Adjusted FFO, and Adjusted FFO per share.”
Company outlook — Raised (“increased”)
“Our outlook for the remainder of the year continues to improve as the positive inflection of industry fundamentals proves durable, and we have increased our full year 2026 guidance ranges to reflect this more positive outlook, said Jonathan Stanner, President and Chief Executive Officer.”
Company outlook — Raised (“increasing”)
“Based on actual results for the first six months of the year and recent operating trends, the Company is increasing the low and high end of its guidance ranges for pro forma RevPAR growth, Adjusted EBITDAre, Adjusted FFO, and Adjusted FFO per share.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Stock Repurchases During the second quarter, the Company repurchased approximately 49,000 shares for an aggregate purchase price of $0.2 million, or a weighted average price of approximately $4.27 per share.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
During the six months ended June 30, 2026, the Company repurchased 1.5 million common shares under its share repurchase program for an aggregate purchase price of $6.2 million, or a weighted average price of approximately $4.17 per share.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Since the inception of our share repurchase program in 2025, we have repurchased approximately 5.1 million shares (approximately 4.2 percent of total shares and units ou tstanding) at an average price of $4.26 per share.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
As of June 30, 2026, approximately $28.4 million remained available for repurchase under this program.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Common and Preferred Dividend Declaration On July 28, 2026, the Company declared a quarterly cash dividend of $0.08 per share on its common stock and per common unit of limited partnership interest in Summit Hotel OP, LP.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
The quarterly dividend of $0.08 per share represents an annualized dividend yield of 4.6 percent, based on the closing price of shares of the common stock on August 4, 2026.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Strategy & priorities
is a publicly traded real estate investment trust focused on owning premium-branded lodging facilities with efficient operating models primarily in the upscale segment of the lodging industry.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections, or other forward-looking information.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
economy generally or in specific geographic regions in which we operate, and the effect of general economic conditions on the lodging industry and our business in particular; market trends in our industry, interest rates, real estate values and the capital markets; our business and investment strategy and, particularly, our ability to identify and complete hotel acquisitions and dispositions; our projected operating results; actions and initiatives of the U.
SEC original ↗Summit Hotel Properties, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026
government policies and the execution and impact of such actions, initiatives and policies; our ability to manage our relationships with our management companies and franchisors; our ability to maintain our existing and future financing arrangements; changes in the value of our properties; the impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; our ability to satisfy the requirements for qualification as a REIT under the U.
SEC original ↗Summit Hotel Properties, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026
We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns.
SEC original ↗Summit Hotel Properties, Inc. — 10-Q Quarterly report10-QAug 5, 2026
Risks & headwinds
These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company s control, which could cause actual results to differ materially from such statements.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
These risks and uncertainties include, but are not limited to, the state of the U.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
Our non-GAAP financial measures may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures, property acquisitions, debt service obligations and other commitments and uncertainties.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures and property acquisitions and other commitments and uncertainties.
SEC original ↗Summit Hotel Properties, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2026
htm EX-99.2 earningsreleasesupplemen Earnings Release Supplement Second Quarter 2026 (UNAUDITED) August 5, 2026 Table of Contents Section I Section II Section III Section IV Section V Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Corporate Financial Schedules Operating & Property-Level Schedules Capitalization and Debt Schedules Asset Listing 1 Forward-Looking Statements We make forward-looking statements in this presentation that are subject to risks and uncertainties.
SEC original ↗Summit Hotel Properties, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026
New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us.
SEC original ↗Summit Hotel Properties, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
5 documentsPresentations
0 documentsNo presentations for Summit Hotel Properties, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Summit Hotel Properties, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Summit Hotel Properties, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
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