SMTHP News and Press, Summit Hotel Properties

Summit Hotel Properties, Inc. (INN) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Adam Wudel - Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief ...

Hotel REITs - one of just three property sectors in positive-territory this year - entered 2022 with positive fundamental momentum and reasons for cautious optimism following four-straight years of underperformance. Spring Break is back - for some, at least. Sunbelt and leisure-focuse...

Summit Hotel Properties, Inc. (INN) Q4 2021 Earnings Conference Call February 24, 2022, 09:00 ET Company Participants Adam Wudel - SVP, Finance & Capital Markets Jonathan Stanner - President, CEO & Director William Conkling - EVP & CFO Conference Call Participants Austin Wurschmid...

Summit Hotel Properties likely has seen the worst of the COVID crisis: the Q3 2021 AFFO represented 90% of the 9M 2021 AFFO. I expect the FY 2021 and 2022 AFFO to show the preferred dividends are very well covered. I wouldn't be surprised to see a 500% coverage ratio. I like the b...

Summit Hotel Properties, Inc. (INN) Q3 2021 Results Conference Call November 04, 2021 09:00 AM ET Company Participants Adam Wudel - SVP, Finance, Capital Markets and Treasurer Jon Stanner - President and CEO Trey Conkling - EVP and CFO Conference Call Participants Austin Wurschmidt - KeyBanc ...

Nearly 200 REITs have reported earnings results over the past two weeks, providing critical information on the state of the real estate industry heading into year-end. Results were generally better-than-expected with roughly 90% of equity REITs beating consensus FFO estimates while mo...

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...

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...

With vaccines in arms and the economy rebounding, it was poised to be a memorable summer for hotel REITs and the broader tourism industry before the resurgence of COVID variants. The "fourth wave" came at an inopportune time for the industry, which was relying on robust demand in the ...