INN News and Press, Summit Hotel Properties Inc. From 05/26/23

2023-05-26 10:49:07 ET Summary The company reported its 2023 Q1 earnings, improving on virtually all metrics. Management declared a 50% increase in its quarterly dividends, though the payout ratio remains low. Shares are currently trading at a discount to book value. ...

2023-05-24 10:00:00 ET Summary Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The fina...

SUMMIT HOTEL PROPERTIES AWARDED BEST RENOVATION AT HYATT'S 2023 AMERICAS OWNERS CONFERENCE PR Newswire AUSTIN, Texas , May 17, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") is proud to announce that it has been recognized as the B...

2023-05-06 17:05:20 ET Summit Hotel Properties, Inc. (INN) Q1 2023 Results Conference Call May 04, 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 ...

2023-05-03 16:53:12 ET Summit Hotel press release ( NYSE: INN ): Q1 FFO of $0.22 beats by $0.02 . Revenue of $182.38M (+28.6% Y/Y) beats by $2.81M . Adjusted FFO per Diluted Unit $0.92 to $1.05, vs. consensus of $0.97 For further details see: Summit H...

SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2023 RESULTS PR Newswire First Quarter 2023 Pro Forma RevPAR Grows 19.3% Operating Income Increase Drives Adjusted EBITDAre Growth of 35% to $44.4 Million Common Dividend Increased 50% to an Annualized $0.24 ...

2023-05-02 09:00:00 ET Summary We're now at the halfway point of real estate earnings season with roughly 60 equity REITs and 14 mortgage REITs representing 50% of the total market capitalization having reported first-quarter. Results thus far have been better than the prevailing ...

2023-04-30 09:00:00 ET Summary U.S. equity markets extended their rebound this week as a strong slate of earnings reports clashed with renewed concerns over financial instability and economic data that provided fodder for both bulls and bears. Closing at its highest levels since e...

2023-04-27 17:36:15 ET Summit Hotel ( NYSE: INN ) declares $0.06/share quarterly dividend , 50% increase from prior dividend of $0.04. Forward yield 3.86% Payable May 31; for shareholders of record May 17; ex-div May 16. See INN Dividend Scorecard, Yield ...

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...