NYSE$INN
Summit Hotel Properties Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Portfolio RevPAR accelerated and new highs were attained since onset of pandemic as Adjusted EBITDAre increased.
Summit Hotel Properties reported improved operating fundamentals during the third quarter, driving portfolio-wide occupancy to nearly 70% and RevPAR to nearly $100. Demand slowed as the summer travel season concluded, but a reacceleration of demand was seen in the latter part of the quarter, driven by improving average daily rates.
- Portfolio wide occupancy reached nearly 70%.
- RevPAR reached nearly $100, a 25% increase over the second quarter.
- Average daily rates grew 19% from the second quarter to the third quarter.
- October posted the strongest month since the onset of the pandemic with $106 RevPAR.
Headline financials
Revenue & EPS history
Summit Hotel Properties · Revenue · Quarterly
$111M
Revenue by segment
Summit Hotel Properties · $175M total across 3 segments · Q4 2025
- Room Revenue$153M+0.2%87.5%
- Food and Beverage$11M+3.0%6.3%
- Other Revenue$10.8M+15.1%6.2%
Forward guidance
The transaction has been structured to preserve nearly all of our $450 million of existing liquidity and is expected to be immediately accretive to earnings, leverage neutral to our balance sheet and preserve ample investment capacity to continue to grow our portfolio.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
48%
30 / 62 earnings
Positive
+8.9%
Q3 2023
Best reaction
-12.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +5.6% | +15.4% | |
| Q4 2025 | +8.4% | +8.2% | -0.7% | |
| Q3 2025 | +2.3% | +11.9% | -4.5% | |
| Q2 2025 | +0.4% | -0.6% | +10.4% | |
| Q1 2025 | +1.5% | +2.0% | +7.6% | |
| Q4 2024 | -1.1% | +2.1% | -14.2% | |
| Q3 2024 | -0.8% | +7.2% | +10.8% | |
| Q2 2024 | +3.8% | +1.3% | +8.7% | |
| Q1 2024 | +2.8% | +3.2% | +1.8% | |
| Q4 2023 | -0.8% | -0.6% | +0.6% | |
| Q3 2023 | +8.9% | +10.3% | +13.8% | |
| Q2 2023 | -8.8% | -7.6% | -8.5% | |
| Q1 2023 | +2.0% | +4.2% | +7.4% | |
| Q4 2022 | -6.3% | -1.9% | -13.7% | |
| Q3 2022 | -9.9% | -7.7% | -3.3% | |
| Q2 2022 | +3.0% | +2.6% | -3.4% | |
| Q1 2022 | -1.8% | -4.1% | -7.3% | |
| Q4 2021 | -0.2% | -1.6% | -1.7% | |
| Q3 2021 | +1.0% | +1.1% | -13.7% | |
| Q2 2021 | -1.9% | +3.8% | +7.1% | |
| Q1 2021 | -5.3% | -3.7% | -7.0% | |
| Q4 2020 | +4.5% | +2.8% | +3.6% | |
| Q3 2020 | +2.5% | +5.3% | +65.9% | |
| Q2 2020 | +5.7% | +16.5% | +11.8% | |
| Q1 2020 | -12.5% | -21.4% | +18.2% | |
| Q4 2019 | -8.3% | -13.8% | -59.3% | |
| Q3 2019 | -3.4% | -3.9% | -3.6% | |
| Q2 2019 | -1.3% | -3.5% | -3.5% | |
| Q1 2019 | +5.9% | +8.2% | -1.6% | |
| Q4 2018 | +0.8% | -2.7% | -0.9% | |
| Q3 2018 | -0.3% | -2.2% | -4.1% | |
| Q2 2018 | +0.4% | -3.0% | -3.0% | |
| Q1 2018 | -1.8% | +0.0% | +5.6% | |
| Q4 2017 | -1.1% | -2.6% | -9.2% | |
| Q3 2017 | +0.7% | -1.0% | -4.5% | |
| Q2 2017 | -10.1% | -8.7% | -17.1% | |
| Q1 2017 | -0.5% | +0.7% | +7.6% | |
| Q4 2016 | -1.8% | -5.4% | -5.5% | |
| Q3 2016 | -2.1% | +0.5% | +13.2% | |
| Q2 2016 | -0.4% | -0.6% | +0.4% | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | +5.2% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | +3.0% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +3.6% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -2.4% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -7.9% | — | — | |
| Q3 2011 | +4.5% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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