INN News and Press, Summit Hotel Properties Inc. From 04/27/23

SUMMIT HOTEL PROPERTIES INCREASES COMMON DIVIDEND BY 50% AND DECLARES FIRST QUARTER 2023 DIVIDENDS PR Newswire AUSTIN, Texas , April 27, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors ha...

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE DATE PR Newswire AUSTIN, Texas , March 30, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first qua...

2023-03-16 07:20:39 ET Summary Summit Hotel Properties reported its FY 2022 earnings, reporting an operating profit for the first time since the pandemic. The company is still recovering from the effects of the pandemic, and demand is picking up. Dividends have resumed, with a...

2023-03-05 09:00:00 ET Summary U.S. equity markets rebounded following their worst week of the year as investors parsed data showing surprising resilience in global economic activity this winter despite stiff interest rate headwinds. Snapping a three-week skid and notching its bes...

Summary Summit is paying out a 7.7% yield to owners of its preferreds who also stand to realize a 14.4% yield to call. Dividend pay-outs to common shareholders remain at a fraction of their pre-pandemic average. This has come against dual beats for FFO and revenue for the lodging RE...

Summit Hotel Properties, Inc. (INN) Q4 2022 Results Conference Call February 28, 2023 09:00 AM ET Company Participants Adam Wudel - Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling - Execu...

Summit Hotel press release ( NYSE: INN ): Q4 FFO of $0.25 beats by $0.05 . Revenue of $172.3M (+61.2% Y/Y) beats by $3.12M . Pro forma RevPAR increased 17.9% to $109.01 compared to the fourth quarter of 2021. Sees FY 2023 adj. FFO of $0.92 to $1.05. The consensus...

SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS PR Newswire Fourth Quarter 2022 RevPAR Recapture Reaches New High Operating Income Triples Driving Adjusted EBITDAre Growth of 100% to $180.8 Million in 2022 Nearly $1 Billion of ...

Summit Hotel Properties Announces 2023 Annual Meeting of Stockholders PR Newswire AUSTIN, Texas , Feb. 23, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2023 Annual Meeting of Stockholders will be held ...

Summary Although Lodging REITs have not rebounded to pre-Covid levels, we thought it would be valuable to provide investors with an update. Keep in mind, we are underweight Lodging, which means that investors should maintain responsible diversification. In this article, we highlight...