Summit Hotel Properties

INN

Market cap $582M

AUSTIN, Texas , Sept. 23, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2025 on Tuesday, November 4, 2025, after the market closes.

REITs are attractive now due to low inflation, expected rate cuts, and technical indicators suggesting a bullish trend with up to 40% upside. This article identifies 12 high-yield REITs (5.25%+), each with strong dividend safety grades, outyielding no-risk treasuries. Dividend safety is paramount, and Seeking Alpha's Quant Ratings indicate these REITs show low risk of cuts, supported by solid debt and payout ratios.

INN, XNGSY and GSBD have been added to the Zacks Rank #5 (Strong Sell) List on September 3, 2025.

Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2025 Earnings Conference Call August 6, 2025 9:00 AM ET Company Participants Jonathan P. Stanner - President, CEO & Director Kevin Milota - Corporate Participant William H.

Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.29 per share a year ago.

Second Quarter Operating Income of $22.7 Million; AFFO of $32.7 Million or $0.27 per Share Repurchased 3.6 Million Shares for $15.4 Million, an Average of $4.30 per Share Completed Two Significant Debt Financings to Extend Maturity Dates and Enhance Corporate Liquidity AUSTIN, Texas , Aug. 5, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2025. "Despite a challenging operating backdrop in the second quarter, we continued to successfully execute on a number of key strategic priorities.

AUSTIN, Texas , Aug. 1, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's second quarter common dividend represents an annualized dividend yield of 6.1 percent based on the closing price of shares of the common stock on July 31, 2025.

Summit Hotel Properties is a leading hotel REIT with $2.9B in assets and a BBB- S&P credit rating. INN's preferred shares trade below par, yield over 8%, and offer cumulative distributions with change-of-control protection. Moody's methodology assigns INN a Ba2 credit rating; preferred shares would be rated B1, reflecting sector risks and leverage.

Summit Hotel Properties' preferred F shares offer an 8.4% yield, 42% upside to par, and strong dividend coverage, making them highly attractive versus common shares. Dividend security is robust, even after conservative AFFO adjustments and accounting for capex, with moderate leverage and a solid equity cushion protecting liquidation preference. INN-F's change of control provisions provide superior upside and downside protection compared to series E, especially in a buyout scenario or if INN's common price falls.

Publicly listed US equity REITs ended June at a median 19.1% discount to their consensus NAV per share estimates, according to S&P Global Market Intelligence data. The hotel sector traded at the largest median discount to NAV at 35.5%, down from a 35.7% median discount to NAV as of May 30. Healthcare REITs continued to trade at the highest median premium, 19.3%, which is about 1.4 percentage points down from the 20.6% median premium to NAV as of May 30.