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
- Here Are 8 Places Where You Can Eat Like a Local When Visiting Pensacola BeachPR Web
- SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE [Yahoo! Finance]Yahoo! Finance
- SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATEPR Newswire
- SUMMIT HOTEL PROPERTIES PUBLISHES 2024 CORPORATE RESPONSIBILITY REPORTPR Newswire
- Here Is Why Bargain Hunters Would Love Fast-paced Mover Summit Hotel Properties (INN) [Yahoo! Finance]Yahoo! Finance
INN
Earnings
- 7/29/24 - Beat
INN
Sec Filings
- 7/30/24 - Form 10-Q
- 7/29/24 - Form 8-K
- INN's page on the SEC website