Summit Hotel Properties, Inc. INN

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Summit Hotel Properties, Inc. is a self-managed lodging property investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the "Operating Partnership"), a Delaware limited partnership also organized on June 30, 2010. We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. At December 31, 2025, our portfolio consisted of 95 lodging properties with a total of 14,347 guestrooms located in 24 states. We own our properties fee simple, except for six hotel properties which are subject to ground leases. As of December 31, 2025, we own 100% of the outstanding equity interests in 52 of our lodging properties. We own a 51% controlling interest in 40 lodging properties through a joint venture with USFI G-Peak Pte. Ltd. ("GIC"), a private limited company incorporated in the Republic of Singapore, (the "GIC Joint Venture"), and two 90% equity interests in separate joint ventures (the "Brickell Joint Venture" and the "Onera Joint Venture"). The Brickell Joint Venture owns two lodging properties, and the Onera Joint Venture owns one lodging property.

Last close 6.90 2026-10-23
Market cap $744.2M 2026-06-30 share count
52-week range 3.98 - 7.17

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF10.1x
EV/EBITDA32.0x
Dividend yield5.2%
Diluted EPS-0.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $729.5M$731.8M$736.1M$675.7M$361.9M$234.5M$549.3M$567.3M$515.4M$473.9M
Cost of revenue ————————$325.6M$295.7M
Gross profit ————————$189.8M$178.3M
SG&A $32.8M$31.9M$32.5M$30.8M$29.4M$21.0M$23.6M$21.5M$19.6M$19.3M
Total operating expenses $670.4M$657.2M$677.0M$628.2M$395.4M$343.9M$475.4M$483.5M$431.5M$391.4M
Operating income $65.7M$103.5M$58.8M$67.8M-$33.3M-$109.4M$119.4M$125.2M$127.1M$132.3M
Interest expense $80.7M$82.6M$86.8M$65.6M$43.4M$43.3M$41.0M$41.9M$29.7M$28.1M
Pre-tax income -$10.8M$30.1M-$25.3M$4.8M-$67.1M-$147.9M$83.8M$90.2M$101.2M$106.8M
Income tax $842.0K$8.7M$2.8M$3.6M$1.5M$1.4M$1.5M$922.0K$1.7M$1.4M
Net income -$11.7M$38.9M-$28.1M$1.2M-$68.6M-$149.2M$82.6M$90.9M$99.2M$107.8M
EPS, basic -0.220.23-0.27-0.16-0.80-1.520.65—0.791.00
EPS, diluted -0.220.22-0.27-0.16-0.80-1.520.650.680.791.00
Shares, diluted (wtd. avg.) 106.8M132.4M105.5M105.1M104.5M104.1M103.9M103.8M99.8M87.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $36.1M$40.6M$37.8M$61.8M$96.9M$38.9M$69.8M$72.6M$66.0M$59.6M
Other intangibles $25.0M$26.6M$30.7M$34.8M$10.8M$10.9M$11.0M$21.0M$21.8M$6.3M
Total assets $2.78B$2.90B$2.94B$3.02B$2.26B$2.23B$2.36B$2.22B$2.21B$1.72B
Long-term debt $1.39B$1.40B$1.43B$1.45B$1.07B$1.09B$1.02B$958.7M$868.2M$652.4M
Total liabilities $1.50B$1.51B$1.54B$1.56B$1.16B$1.18B$1.11B$1.03B$932.5M$705.0M
Retained earnings -$405.6M-$347.0M-$339.8M-$288.2M-$262.6M-$179.0M-$2.3M$4.8M$9.2M-$1.4M
Total equity $862.2M$909.5M$1.35B$1.41B$1.11B$1.05B$1.24B$1.19B$1.28B$1.01B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $149.0M$166.3M$153.6M$169.6M$66.1M-$42.1M$148.5M$161.7M$147.8M$136.7M
Depreciation and amortisation ———$149.5M$105.5M$109.2M$99.4M$101.0M$85.9M$72.4M
Stock-based compensation $8.8M$8.1M$7.7M$8.4M$10.7M$6.5M$6.2M$6.7M$5.9M$4.2M
Capital expenditure $75.5M$89.3M$89.6M$76.5M$20.4M$22.6M$59.3M$66.6M$37.2M$42.4M
Investing cash flow -$43.4M-$71.5M-$102.0M-$290.5M-$74.2M-$30.7M-$182.2M-$63.1M-$511.7M-$151.4M
Financing cash flow -$112.8M-$94.2M-$65.7M$85.8M$66.2M$41.8M$31.0M-$92.0M$370.3M$21.9M
Dividends paid $39.0M$36.9M$26.9M$10.0M$0$18.8M————
Buybacks $15.4M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001497645-26-000015.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 473.9M Gross profit, FY2016: 178.3M Net income, FY2016: 107.8M Revenue, FY2017: 515.4M Gross profit, FY2017: 189.8M Net income, FY2017: 99.2M Revenue, FY2018: 567.3M Net income, FY2018: 90.9M Revenue, FY2019: 549.3M Net income, FY2019: 82.6M Revenue, FY2020: 234.5M Net income, FY2020: -149.2M Revenue, FY2021: 361.9M Net income, FY2021: -68.6M Revenue, FY2022: 675.7M Net income, FY2022: 1.2M Revenue, FY2023: 736.1M Net income, FY2023: -28.1M Revenue, FY2024: 731.8M Net income, FY2024: 38.9M Revenue, FY2025: 729.5M Net income, FY2025: -11.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $473.9M $515.4M $567.3M $549.3M $234.5M $361.9M $675.7M $736.1M $731.8M $729.5M
Gross profit $178.3M $189.8M — — — — — — — —
Net income $107.8M $99.2M $90.9M $82.6M -$149.2M -$68.6M $1.2M -$28.1M $38.9M -$11.7M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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