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
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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
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News
- How To Put $100 In Your Retirement Fund Each Month With Summit Hotel Properties Stock [Yahoo! Finance]Yahoo! Finance
- Summit Hotel Properties Inc (INN) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... [Yahoo! Finance]Yahoo! Finance
- SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTSPR Newswire
- Summit Hotel Properties Inc (INN) Q3 2024 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
- Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield [Seeking Alpha]Seeking Alpha
INN
Earnings
- 11/4/24 - Miss
INN
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- INN's page on the SEC website