INN Stock Recent News

Summit Hotel Properties, Inc. (NYSE:INN ) Q1 2025 Earnings Conference Call May 1, 2025 9:00 AM ET Company Participants Kevin Milota - Senior Vice President, Corporate Finance Jonathan Stanner - President and Chief Executive Officer William Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Josh Friedland - KeyBanc Capital Markets Chris Woronka - Deutsche Bank Michael Bellisario - Baird Operator Good day and thank you for standing by. Welcome to the Summit Hotel Properties, Inc. First Quarter 2025 Earnings Conference Call.

Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to FFO of $0.24 per share a year ago.

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.

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Summit Hotel Properties (INN) and Omega Healthcare Investors (OHI). But which of these two stocks is more attractive to value investors?

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.

Investors need to pay close attention to INN stock based on the movements in the options market lately.

Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.

Recent improvements in spreads make REIT preferred stocks attractive, focusing on those offering yields above 6.5%, particularly Summit Hotel Properties and Sunstone Hotel Investors. INN and SHO are both lodging REITs with similar structures and yields, but SHO has stronger financial metrics and a better credit score. SHO's preferreds offer similar returns to INN's but with significantly lower credit risk, making SHO a more favorable investment.

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.