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Summit Hotel Properties Inc (INN.N)

INN.N on New York Stock Exchange

13.19USD
24 Sep 2018
Change (% chg)

$-0.17 (-1.24%)
Prev Close
$13.35
Open
$13.35
Day's High
$13.35
Day's Low
$13.03
Volume
37,920
Avg. Vol
192,573
52-wk High
$16.39
52-wk Low
$12.78

Latest Key Developments (Source: Significant Developments)

Summit Hotel Properties Reports Q2 Adj. FFO $0.40/Shr
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Summit Hotel Properties Inc ::SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED FFO PER SHARE $0.40.SEES Q3 ADJUSTED FFO PER DILUTED UNIT $0.33 TO $0.36.QTRLY SAME-STORE REVPAR INCREASED 0.9 PERCENT TO $126.41 FROM SAME PERIOD IN 2017.SEES FY 2018 ADJUSTED FFO PER DILUTED UNIT$1.30-$1.36.Q2 FFO PER SHARE VIEW $0.39 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES $152.2 MILLION VERSUS $129.1 MILLION.Q2 REVENUE VIEW $151.3 MILLION -- THOMSON REUTERS I/B/E/S.Q3 FFO PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S.SEES REVPAR (SAME-STORE) FOR Q3 2018 BETWEEN $123.00 AND $125.50.SEES FY 2018 REVPAR (SAME-STORE) BETWEEN $119.25 AND $121.00.  Full Article

Summit Hotel Properties announces CFO succession plan
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Summit Hotel Properties Inc ::Summit Hotel Properties announces CFO succession plan.Says CFO Gregory A. Dowell to retire.Summit Hotel Properties - Jonathan Stanner to succeed CFO Greg Dowell in 2018​.  Full Article

Summit Hotel Properties reports Q3 adjusted FFO per share $0.35
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties Inc reports third quarter 2017 results.Q3 adjusted FFO per share $0.35.Summit Hotel Properties Inc qtrly ‍pro forma RevPAR increased 1.2 percent to $119.13 from same period in 2016​.Summit Hotel Properties Inc - qtrly ‍same-store RevPAR grew to $115.04, an increase of 0.6 percent from same period in 2016​.Summit Hotel Properties Inc qtrly ‍ffo per share $0.33​.Q3 FFO per share view $0.34 -- Thomson Reuters I/B/E/S.Summit Hotel Properties Inc - ‍through remainder of 2017, company expects to invest $15 million to $20 million in capital improvements​.Summit Hotel Properties Inc - sees ‍Q4 pro forma RevPAR in the range of $107.75 to $109.75​.Summit Hotel Properties Inc - sees Q4 ‍adjusted FFO per diluted unit in the range of $0.26 to $0.29​.Summit Hotel Properties Inc - sees fy ‍pro forma RevPAR to be in the range of $116.25 to $116.75​.Summit Hotel Properties Inc - sees fy ‍adjusted FFO per diluted unit to be in the range of $1.29 to $1.32​.  Full Article