Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield [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
Investing Group Leader Follow Play 8min Summary I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a safe dividend coverage ratio. Summit Hotel Properties' balance sheet is solid, with $2.87B in assets and a net debt position of $1.3B, ensuring preferred equity safety. I prefer Series E preferred shares over Series F due to their higher yield, despite both series having similar risk profiles. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » halbergman/E+ via Getty Images Introduction While I'm not a big fan of hotel REITs, this subtype of REITs sometimes has attractive series of preferred shares in its capital structure. While this obviously reduces an investment thesis to just gen
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News
- Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint Venture [Yahoo! Finance Canada]Yahoo! Finance Canada
- Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint Venture [Yahoo! Finance]Yahoo! Finance
- Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint VenturePR Newswire
- Are hotels a worthy investment for travel centers? Onvo thinks so. [Yahoo! Finance]Yahoo! Finance
- How To Put $100 In Your Retirement Fund Each Month With Summit Hotel Properties Stock [Yahoo! Finance]Yahoo! Finance
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