INN
Summit Hotel Properties, Inc.·Real Estate
5.72
0.616%(+0.04)
Market OpenLast Updated: — ET
52W L: $3.9852W H: $6.00
Summit Hotel Properties, Inc.·Real Estate
Summit Hotel Properties' preferred stocks, INN.PR.E and INN.PR.F, yield over 8% and trade below par, but carry elevated credit risk. INN's credit profile is constrained by the cyclical hotel sector, with a Moody's-equivalent rating of Ba3 for the company and B2 for preferred shares. Asset coverage and liquidity metrics are reasonable, but net debt to EBITDA is high at 8x.
U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.
Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.22 per share a year ago.
First Quarter Operating Income of $14.1 Million; AFFO of $25.5 Million or $0.21 per Share Increased 2026 Outlook as Sequential RevPAR Improvement Results in Positive First Quarter RevPAR Growth Accretive Capital Recycling Continues with Agreement to Sell the Courtyard and Residence Inn Dallas (Arlington South) AUSTIN, Texas, April 30, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three months ended March 31, 2026. "Operating fundamentals improved meaningfully in the first quarter as positive RevPAR growth in the quarter exceeded our expectations by over 200 basis points.
South Plains Financial (SPFI) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.72 per share a year ago.
