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Stock impact report

Summit Hotel Properties: Fed Easing And Undemanding Valuation Trump Reduced Outlook [Seeking Alpha]

Summit Hotel Properties, Inc. (INN) 
Last summit hotel properties, inc. earnings: 2/25 04:35 pm Check Earnings Report
US:NYSE Investor Relations: investor.shpreit.com
Company Research Source: Seeking Alpha
Follow Summary Summit Hotel Properties is a lodging REIT with 62% exposure to the Sun Belt region. 95% of hotels operate under the Marriott, Hyatt, and Hilton brands. So far in 2024 the REIT has lagged the Vanguard Real Estate Index Fund ETF's performance by around 15%. This has resulted in the company trading at a substantial AFFO discount relative to larger REIT peers. Performance in Q2 2024 was robust but RevPAR growth should moderate in the remainder of the year, with the company cutting its full-year outlook. Key risks to consider are a potential recession, slower Fed easing given the debt-heavy capital structure, and RevPAR growth driven by occupancy rather than ADR. Walter Bibikow/DigitalVision via Getty Images Introduction Summit Hotel Properties ( NYSE: INN ) has substantially underperformed the Vanguard Real Estate Index Fund ETF ( VNQ ) so far in 2024, with the shares delivering a ~1% loss against the ~14% gain for the benchmark ETF: INN vs VNQ in 2024 Show less Read more
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