Summit Hotel Properties Inc (INN) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... [Yahoo! Finance]
Summit Hotel Properties, Inc. (INN)
Last summit hotel properties, inc. earnings: 2/25 04:35 pm
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Source: Yahoo! Finance
Average Rate and Occupancy: Average rate increased by 1.2%, partially offset by a 1% decline in occupancy. Revenue Impact from Hurricanes: Hurricanes displaced nearly $400,000 in revenue, reducing RevPAR growth by 20 basis points. Hotel EBITDA: Pro forma hotel EBITDA for Q3 was $59.7 million, a 3% decrease from the previous year. Adjusted EBITDAre: $45.3 million for Q3, a 2% decrease compared to Q3 2023. Adjusted FFO: Increased 4% to $27.6 million or $0.22 per share in Q3. Capital Expenditures: $22.5 million invested in Q3 on a consolidated basis. Dividend: Quarterly common dividend of $0.08 per share, representing a 5.2% yield. Full Year RevPAR Guidance: Updated growth range of 1% to 2% for 2024. Debt and Liquidity: Total liquidity over $400 million, with a leverage ratio nearly a full turn lower than a year ago. Warning! GuruFocus has detected 3 Warning Sign with INN. Release Date: November 05, 2024 For the complete transcript of the earnings call, please refe
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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