NYSE$INN

Summit Hotel Properties Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Summit Hotel Properties Q4 2025 Earnings Report

Summit Hotel Properties reported a net loss for the fourth quarter of 2025 as demand stabilized but faced headwinds from a government shutdown and lower international travel. Despite a decrease in RevPAR and Adjusted EBITDAre, the company continued its capital recycling program, selling non-core assets at attractive cap rates and successfully refinancing debt to eliminate maturities until 2028.

  • Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share.
  • Same Store RevPAR decreased by 1.6% to $115.34, though growth improved 240 basis points sequentially.
  • The company completed the sale of two hotels in Q4 for $39.0 million at a blended 4.3% capitalization rate.
  • Successfully refinanced convertible notes using a delayed draw term loan, resulting in no debt maturities until 2028.
  • Declared a quarterly cash dividend of $0.08 per share, representing an annualized yield of 7.7%.

Headline financials

Total Revenue

$175M

Previous: $173M+1.2%
EPS (adj)

$0.18

Previous: $0.20-10.0%
Same Store RevPAR

$115.34

Previous: $117.18-1.6%
Same Store RevPAR Growth

-1.6%

No prior period
Same Store Occupancy

70.9%

Previous: 71.3%-0.6%
Same Store ADR

$162.69

Previous: $164.30-1.0%
Adjusted EBITDAre

$39.7M

Previous: $42.1M-5.9%
Adjusted FFO

$22.3M

Previous: $25.2M-11.5%
Same Store Hotel EBITDA

$53.5M

Previous: $57.3M-6.7%
Same Store Hotel EBITDA Margin

31.6%

Previous: 33.7%-6.2%
Net Income

-$2.58M

Previous: $680K-479.0%
Operating Income

$14.6M

Previous: $8.04M+81.5%
Cash & Equivalents

$36.1M

Previous: $40.6M-11.1%
Total Assets

$2.78B

Previous: $2.9B-4.2%

Revenue & EPS history

Summit Hotel Properties · Revenue · Quarterly

$175M

Q4 2025+1.2%vs Q4 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Summit Hotel Properties · $175M total across 3 segments · Q4 2025

  • Room Revenue
    $153M+0.2%
  • Food and Beverage
    $11M+3.0%
  • Other Revenue
    $10.8M+15.1%

Forward guidance

The company expects 2026 to benefit from strong special event demand and growth in corporate travel, though it projects a wide range for Adjusted FFO.

Tailwinds

  • Pro Forma RevPAR growth projected between 0.0% and 3.0%.
  • Anticipated strong demand from World Cup matches in six markets.
  • Continued growth in corporate transient and group demand.
  • Easing comparisons for government travel demand.
  • No debt maturities until 2028 provides balance sheet stability.

Headwinds

  • Adjusted EBITDAre guidance range includes potential for year-over-year decline.
  • Adjusted FFO per share guidance low end ($0.73) is below 2025 actuals.
  • Capital expenditures expected to be significant at $55 million to $65 million.
  • Recent asset sales will reduce absolute Consolidated EBITDA by $3.0 million.
  • Ongoing complex operating environment and expense management pressures.

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 Q4 2025

Historical avgQ4 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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