Summit Hotel Properties, Inc.

Symbol: INN
CIK: 1497645
Exchange: NYSE
Founded: 2004 (16 years)
HQ: Austin, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel, Resorts

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Overall Score: 7.5

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 17, 2020


Open Price: $12.21
Closing Price: $12.11
Price Change: -0.05 (-0.411%)
Lowest Price: $12.09
Highest Price: $12.235

52-Week Low: $10.50
52-Week High: $12.63
52-Week Change: 12.86%

5 Day Price Change: 3.40%
1 Month Price Change: 1.50%
3 Month Price Change: 3.49%
6 Month Price Change: 5.74%
YTD Price Change: -0.65%
1 Year Price Change: 13.33%
2 Year Price Change: -21.35%
5 Year Price Change: -8.36%

Dividend of Trading Day January 17, 2020


Dividend Yield: 5.945%*
Annualized Dividend: $0.72*
Dividend Yield (TTM): 5.945%
Annualized Dividend (TTM): $0.72
Ex Dividend Date: 2019-11-14
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $72,556,000
Current Debt: $4,647,000
Revenue: $567,120,000
Gross Profit: $106,159,000
Total Revenue: $567,120,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $185,663,000
Revenue Per Share: $5
Revenue Per Employee: $9,949,474
Employee: 57
Debt to Equity Ratio (D/E): 0.81
Profit Margin: 0.16%
Enterprise Value (EV): $2,164,962,400
Enterprise Value to Revenue (EV/R): 3.82
Price to Sales (P/S): 2.25
Price to Book (P/B): 1.07
Peg Ratio: -0.25
P/E Ratio: 19.68
P/E High: 20.70
P/E Low: 17.21
Forward P/E Ratio: 15.73
Market Capitalization: $1,273,548,150
Beta: 0.77
Latest Volume: 453,797.00
Avg. Total Volume: 838,586
Avg. 10 Volume: 938,268.10
Avg. 30 Volume: 838,585.67
TTM EPS: 0.62
TTM Dividend Rate: 0.72
Shares Outstanding: 105,165,000
Float: 102,921,410.00
50-Day Moving Avg.: 12.07
200-Day Moving Avg.: 11.76

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Properties Owned by INN


Properties Based on REIT's Official Presentation

Properties Types States Countries
69 1 24 1

Please visit REIT’s official webpage for the most up-to-date property list.

INN Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by INN. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 75,910,000 75,862,000 70,939,000 72,556,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 6,120,000
Property, Plant & Equipment Net 28,942,000 29,313,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 74,626,000 52,852,000 180,652,000 59,776,000
Net Tangible Assets 1,181,355,000 1,194,803,000 1,175,709,000 1,189,849,000
Total Assets 2,149,358,000 2,123,221,000 2,229,642,000 2,222,297,000
Accounts Payable 0 0 0 0
Liabilities (Other) 90,190,000 78,276,000 89,847,000 71,441,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 3,704,000 3,504,000 4,249,000 4,647,000
Long-term Debt 857,879,000 843,321,000 957,577,000 954,065,000
Total Liabilities 952,301,000 926,164,000 1,051,673,000 1,030,153,000
Minority Interest 15,000 112,000 23,000 1,000
Common Stock 105,165,347 1,051,000 1,051,000 1,048,000
Retained Earnings 11,103,000 22,179,000 -4,241,000 4,838,000
Treasury Stock 0 0 0 0
Capital Surplus 1,189,501,000 1,187,715,000 1,185,790,000 1,185,310,000
Shareholder Equity 1,181,355,000 1,194,803,000 1,175,709,000 1,189,849,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 133,483,000 142,957,000 139,013,000 132,559,000
Cost of Revenue 105,202,000 106,997,000 109,181,000 111,407,000
Gross Profit 28,281,000 35,960,000 29,832,000 21,152,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 114,410,000 117,375,000 120,317,000 115,837,000
Operating Income 19,073,000 25,582,000 18,696,000 16,722,000
Income Expense Net (Other) -7,471,000 24,188,000 -5,446,000 -11,767,000
EBIT 19,073,000 25,582,000 18,696,000 16,722,000
Interest Income 9,248,000 9,793,000 10,913,000 11,415,000
Pretax Income 11,602,000 49,770,000 13,250,000 4,955,000
Income Tax -24,000 701,000 350,000 -802,000
Minority Interest 15,000 112,000 23,000 1,000
Net Income 11,453,000 48,762,000 12,810,000 5,734,000
Net Income Basic 7,743,000 45,053,000 9,101,000 2,025,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 11,453,000 48,762,000 12,810,000 5,734,000
Depreciation 23,202,000 23,779,000 25,536,000 25,872,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 48,000 4,923,000 -1,617,000 -19,544,000
Cash Flow 44,314,000 45,060,000 30,240,000 32,691,000
Capital Expenditures -14,132,000 -15,328,000 -17,248,000 -4,879,000
Investments 113,688,000 -825,000 -4,178,000 -13,430,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -49,629,000 116,744,000 -10,316,000 -18,666,000
Dividends Paid -22,541,000 -22,542,000 -22,668,000 -22,490,000
Net Borrowings 14,140,000 -134,334,000 1,961,000 -11,079,000
Cash Flow Financing 5,363,000 -156,881,000 -21,541,000 -33,569,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Summit Hotel Properties, Inc.


Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. As of September 30, 2017, the Company's portfolio consisted of 79 hotels with a total of 11,590 guestrooms located in 24 states.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
7.5 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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