INN News and Press, Summit Hotel Properties Inc. From 10/28/21

We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far. Consistent with the trends seen across the broader equity market, REIT earnings have generally...

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...

Host Hotels & Resorts has experienced a nice turnaround as of late, with financial performance roaring higher. The company still has plenty of room that it needs to run in order to fully recover, but it's well on its way. Shares appear to be attractive priced now and should be...

US Tourism demand for 2021 is slated to rise 33.4%, with an additional 14.4% added in 2022. Hotel RevPAR outlook is +47.3% for 2021, with an additional 19.7% in 2022. COVID rates are dropping in Park's key US markets: Honolulu, Kona, San Francisco, New York City, Miami, Orlando, Key W...

U.S. equity markets bounced back following the worst week since February as relief over a last-minute compromise to raise the debt ceiling offset disappointment over another weaker-than-expected employment report. After flirting with "correction territory" earlier in the week, the S&a...

Summit Hotel Properties Publishes Its Corporate Responsibility Report For 2020 PR Newswire AUSTIN, Texas , Oct. 4, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has published its annual Corporate Respo...

Summit Hotel Properties Announces Third Quarter 2021 Earnings Release Date PR Newswire AUSTIN, Texas , Sept. 28, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the thi...

U.S. equity markets staged a late-week rally to end a turbulent week with gains as concerns over instability in Chinese markets were offset by signs of resilient strength across US housing markets. Snapping a skid in which the benchmark average declined in 10-of-12 trading s...

U.S. equity markets posted their biggest weekly declines since mid-June amid mounting worries that economic growth has hit a soft patch and continued dislocations and inflation throughout global supply chains. Declining in all four trading sessions of the choppy holiday-shortened week...

As August 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 3.95% to 9%. Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “CD...