Summit Hotel Properties
Owns franchised lodging assets leased to taxable REIT subsidiaries and run by third-party managers.
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Profile
Owns premium-branded lodging properties across the United States, with most rooms under Marriott, Hilton, Hyatt, and IHG franchise flags. Revenue is primarily room-driven, while REIT rules keep hotel operations in taxable REIT subsidiaries managed by third-party operators.
Owns premium-branded lodging properties across U.S. metropolitan markets, with rooms as the core revenue line and food and beverage plus other hotel services as smaller contributors. The portfolio leans toward upscale and upper-midscale assets under Marriott, Hilton, Hyatt, and IHG franchise brands rather than company-owned hotel brands.
Runs as a self-managed lodging REIT focused on efficient operating models and capital recycling. The company uses wholly owned assets alongside joint ventures, including the GIC portfolio, and has recently sold lower-performing hotels while concentrating on higher-quality select-service lodging.
Maintaining REIT status shapes the operating setup: hotels are leased to taxable REIT subsidiaries and operated by professional third-party managers. Demand is tied to occupancy, room rates, and travel patterns across corporate, group, leisure, and event-driven markets.
Company facts
Categories
Key statistics
Year to date +24.4% · Average volume (30d) 910.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 8, 2026 | Raymond James | Target | $7 | |||
| Jan 13, 2026 | Deutsche Bank | Target | $6 | |||
| Dec 17, 2025 | Robert W. Baird | Target | $4.50 | $5 | ||
| Nov 4, 2025 | Summit Redstone Partners | Target | $4.50 | |||
| Nov 4, 2025 | B of A Securities | Downgrade | Neutral | Underperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.01 | $0.04 | +500.0% | $198.4M | $199.0M | +0.3% | −2.05% |
| Apr 30, 2026Q1 FY26 | $0.19 | $0.21 | +10.5% | $180.5M | $184.4M | +2.2% | +4.43% |
| Feb 25, 2026Q4 FY25 | $0.17 | $0.18 | +5.9% | $172.9M | $174.3M | +0.8% | +8.64% |
| Nov 4, 2025Q3 FY25 | $0.14 | $0.17 | +21.4% | $172.6M | $177.1M | +2.6% | +2.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $184.5M | $192.9M | $177.1M | $175.0M | $185.1M | $199.0M | |
| Gross profit | $65.6M | $68.3M | $54.1M | −$243.9M | −$10.1M | $72.6M | |
| Operating income | $19.8M | $22.7M | $8.6M | $9.8M | $17.8M | $28.8M | |
| Net income | −$57.0K | $3.0M | −$6.7M | −$1.9M | −$7.1M | $8.5M | |
| Diluted EPS | −$0.04 | $0.03 | −$0.11 | −$0.06 | −$0.10 | $0.04 | |
| Gross margin | 35.6% | 35.4% | 30.6% | -139.4% | -5.5% | 36.5% | |
| Operating margin | 10.7% | 11.8% | 4.8% | 5.6% | 9.6% | 14.4% |
Fiscal years (4-quarter sums)FY21 $361.9M · FY22 $675.7M · FY23 $736.1M · FY24 $731.8M · FY25 $729.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $36.9M · Total debt $1.40B · Total assets $2.73B · Shareholders' equity $838.8M
Dividends
Raised for 3 straight years — most recently to $0.08 from $0.06 in May 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.08 | |
| May 15, 2026 | May 15 | May 29 | $0.08 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.08 | |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.08 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.08 | |
| May 16, 2025 | May 16 | May 30 | $0.08 | |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.08 | |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.08 |
Ownership
Shares outstanding 108.37M · Float 101.56M · 93.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Jennison Associates LLC | 11.65M | 10.80% | 13G | Jul 2, 2026 |
| BlackRock, Inc. | 9.43M | 8.70% | 13F | Aug 7, 2026 |
| Long Pond Capital, LP | 9.40M | 8.38% | 13G | Aug 13, 2025 |
| H/2 Credit Manager LP | 9.13M | 8.42% | 13F | Aug 14, 2026 |
| UBS Group AG | 8.76M | 8.10% | 13G | Aug 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 5, 2026 | Mehulkumar Bhikhubhai Patel | director | −25,000 | $4.84 |
| Dec 18, 2025 | Mehulkumar Bhikhubhai Patel | director | −10,000 | $5.12 |
Peers
- Apple Hospitality REIT
Closest public peer in upscale, select-service lodging
- RLJ
Focused-service and compact full-service hotel REIT
- Chatham Lodging Trust
Extended-stay and premium select-service lodging peer
- Xenia Hotels & Resorts
Luxury and upper-upscale hotel owner in top U.S. markets
- Service Properties Trust
Mixed hotel and net-lease REIT with select-service overlap
- DiamondRock Hospitality
Premium gateway and resort hotel REIT
- Sunstone Hotel Investors
Upper-upscale gateway and resort lodging peer
- Pebblebrook Hotel Trust
Urban and resort lifestyle hotel REIT
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Summit Hotel Properties | $6.06 | 0.00% | $656.7M | — | — | 0.9 | +3.2% |
| Apple Hospitality REIT | $16.68 | +0.72% | $3.91B | 22.4 | 23.2 | 2.7 | +4.7% |
| RLJ | $11.46 | +0.04% | $1.74B | 280.2 | 250.7 | 1.3 | +5.5% |
| Chatham Lodging Trust | $13.67 | −0.06% | $638.1M | 116.3 | — | 2.1 | +9.4% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Service Properties Trust | $7.87 | 0.00% | $261.5M | — | — | 0.2 | −16.4% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Median | 46.0 | 38.1 | 1.9 | +4.4% |