Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Summit Hotel Properties (INN) and National Health Investors (NHI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes com ...

Core Viewpoint - Summit Hotel Properties (INN) and Gaming and Leisure Properties (GLPI) are being compared to determine which stock offers better value for investors at the current time [1] Group 1: Valuation Metrics - INN has a forward P/E ratio of 6.77, while GLPI has a forward P/E of 12.71 [5] - INN's PEG ratio is 1.44, indicating a more favorable valuation compared to GLPI's PEG ratio of 3.31 [5] - INN's P/B ratio is 0.51, significantly lower than GLPI's P/B of 2.92, suggesting that INN is undervalued relative to its book value [6] Group 2: Investment Ratings - Both INN and GLPI currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook for both stocks [3] - INN has been assigned a Value grade of A, while GLPI has a Value grade of C, highlighting INN's superior valuation metrics [6][7]

Financial Data and Key Metrics Changes - In 2024, the company achieved a full year AFFO per share growth of nearly 6% [5] - Pro forma RevPAR growth increased by 1.8% for the year, surpassing the industry average for the third consecutive year [6][24] - Pro forma hotel EBITDA increased by 2% year-over-year, despite a low RevPAR growth environment [6] - Adjusted FFO for full year 2024 was $119.2 million, an increase of nearly 6% versus 2023, with AFFO rising to $0.96 per share from $0.92 per share [28] Business Line Data and Key Metrics Changes - Urban and suburban portfolios saw RevPAR increases of nearly 3% and 4% respectively, outpacing the total industry by 100 and 220 basis points [24] - Resort and small-town metro assets experienced a modest decline in RevPAR, primarily due to Hurricane Helene and ongoing renovations [26] - Pro forma hotel EBITDA for the fourth quarter was $60.4 million, representing a modest decline compared to the previous year [32] Market Data and Key Metrics Changes - Key markets such as New Orleans, Indianapolis, Chicago, Houston, Minneapolis, and Tampa significantly outpaced the pro forma portfolio in the fourth quarter [29] - The company identified six markets poised for outsized growth, including Baltimore, Louisville, Minneapolis, New Orleans, San Francisco, and San Jose, with five markets achieving over 13% RevPAR growth [9][10] Company Strategy and Development Direction - The company continues to focus on disciplined acquisitions and dispositions, acquiring two hotels for $96 million with an attractive capitalization rate of 8.8% [11][12] - A strategic capital investment approach has improved the overall quality of the portfolio, with a RevPAR market share index increasing nearly 300 basis points over the last three years [14] - The company anticipates continued top-line growth in 2025, driven by robust group demand and the recovery of business transient travel [18][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in controlling operating expenses despite more challenging year-over-year comparisons in 2025 [21] - The lodging sector is expected to benefit from a long-term consumer shift towards experiences over material goods, reinforcing a stable demand outlook [22] - The company expects RevPAR growth of 1% to 3% for 2025, with adjusted EBITDA projected between $184 million and $198 million [39] Other Important Information - The company has a total liquidity of approximately $350 million and a leverage ratio nearly a full turn lower than when it initiated its disposition activity [36] - A quarterly common dividend of $0.08 per share was declared, representing a yield of approximately 5% [37] Q&A Session Summary Question: Booking pace and business-oriented demand outlook - Management noted that January was impacted by weather disruptions, but February showed strong RevPAR growth due to Super Bowl demand and catch-up bookings [44][46] Question: Future acquisition strategy - The company plans to remain active in transactions, focusing on high-quality assets and being opportunistic in capital recycling [49][51] Question: RevPAR guidance for 2025 - Management expects continued strength in urban and suburban markets, with a more balanced growth profile compared to 2024 [55] Question: Management company changes and expense management - Changes were made to improve operational efficiency, and management is pleased with the current performance of management companies [60][61] Question: Acquisitions and underwriting returns - The company is excited about recent acquisitions, expecting higher unlevered IRRs compared to pre-pandemic levels [64] Question: Corporate customer trends - Gradual changes in business travel patterns were noted, with a return of larger national accounts [70] Question: Labor market stability - Management indicated that labor markets remain stable, with expectations for continued effective expense management [76][77] Question: Disposition strategy - The company balances capital needs and brand considerations when deciding on asset sales [79][81] Question: GIC joint venture growth - The joint venture continues to perform well, with an appetite for further growth in 2025 [85] Question: Capital markets environment for transactions - The capital markets are improving, making financing accessible for acquisitions [88]

Core Viewpoint - Summit Hotel Properties (INN) reported quarterly funds from operations (FFO) of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, but down from $0.22 per share a year ago [1][2] Financial Performance - The FFO surprise for the quarter was 5.26%, and the company has surpassed consensus FFO estimates for four consecutive quarters [2] - Revenues for the quarter ended December 2024 were $172.93 million, surpassing the Zacks Consensus Estimate by 1.01%, but down from $177.44 million year-over-year [3] Market Performance - Summit Hotel Properties shares have declined approximately 7.7% since the beginning of the year, while the S&P 500 has gained 2.2% [4] - The current consensus FFO estimate for the upcoming quarter is $0.23 on revenues of $185.2 million, and for the current fiscal year, it is $0.92 on revenues of $747.22 million [8] Industry Outlook - The REIT and Equity Trust - Other industry is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35074 SUMMIT HOTEL PROPERTIES, INC. (Exact name of registrant as specified in its charter) of incorporation or organization) Maryland 27-296251 ...

Core Insights - Summit Hotel Properties, Inc. reported a full-year operating income of $103.5 million and an adjusted EBITDAre of $192.2 million for 2024, with an AFFO increase of 5.6% to $0.96 per share [1][5][7] - The company completed over $200 million in accretive transaction activity in 2024, including the acquisition of two hotels for $96 million, which reflects an 8.8% net capitalization rate based on 2024 net operating income [2][11][12] - The outlook for 2025 is positive, driven by stable demand trends and anticipated growth in urban markets, with expected pro forma RevPAR growth between 1.00% and 3.00% [3][20] Financial Performance - For Q4 2024, net income attributable to common stockholders was $0.7 million, or $0.01 per diluted share, compared to a net loss of $16.6 million, or $0.16 per diluted share, in Q4 2023 [7][8] - Pro forma RevPAR increased by 1.4% to $117.21 in Q4 2024, while same-store RevPAR increased by 1.3% to $116.52 [7][8] - Total revenues for the full year 2024 were $731.8 million, a slight decrease from $736.1 million in 2023 [8][33] Acquisition and Disposition Activity - The company acquired the Hampton Inn Boston-Logan Airport and Hilton Garden Inn Tysons Corner, enhancing its portfolio quality and growth profile [2][11] - In 2024, the company sold five hotels for nearly $112 million, contributing to a total of 10 hotels sold since 2023 for approximately $150 million [14][15] Capital Structure and Dividends - As of December 31, 2024, the company had outstanding debt of $1.1 billion with a weighted average interest rate of 4.55% [21] - The company declared a quarterly cash dividend of $0.08 per share, representing an annualized yield of 5.1% based on the closing price on February 21, 2025 [17][18] 2025 Outlook - The company anticipates adjusted EBITDAre for 2025 to be between $184 million and $198 million, with adjusted FFO projected between $111.9 million and $125.6 million [20][19] - Capital expenditures for 2025 are expected to range from $65 million to $85 million [20]

AUSTIN, Texas, Feb. 20, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2025 Annual Meeting of Stockholders will be held Wednesday, May 21, 2025, beginning at 8:00 a.m. Eastern Time. The meeting will be held at the Courtyard by Marriott Oceanside Fort Lauderdale Beach located at 440 Seabreeze Boulevard, Fort Lauderdale, Florida 33316. The meeting is open to all stockholders of record as of March 5, 2025. About Summit Hotel Properties Summit Hotel Prope ...

Core Viewpoint - Summit Hotel Properties, Inc. has declared cash dividends for both common and preferred stock for the fourth quarter of 2024 and the upcoming dividend period ending February 28, 2025, reflecting the company's commitment to returning value to shareholders [1][2][3]. Dividend Announcements - The company declared a cash dividend of $0.08 per share for the fourth quarter ended December 31, 2024, which corresponds to an annualized dividend yield of 4.8% based on the closing stock price on January 22, 2025 [1]. - A cash dividend of $0.390625 per share has been authorized for the 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending February 28, 2025 [2]. - A cash dividend of $0.3671875 per share has been declared for the 5.875% Series F Cumulative Redeemable Preferred Stock for the same dividend period [2]. - Additionally, a cash distribution of $0.328125 per unit has been authorized for the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending February 28, 2025 [3]. - All dividends are payable on February 28, 2025, to holders of record as of February 14, 2025 [3]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties primarily in the Upscale segment of the lodging industry [4]. - As of January 23, 2025, the company's portfolio consists of 97 assets, including 53 wholly owned properties, with a total of 14,553 guestrooms located across 25 states [4].

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When it comes to earning investment income, one of the most relevant investment vehicles is Real Estate Investment Trusts (REITs). REITs must distribute at least 90% of their taxable earnings out as dividends. This can lead to incredibly high dividend yields, sometimes reaching into the double digits. Ultimately, REITs can provide big-time dividend income, especially if bought at the right price. They also provide exposure to the real estate market without needing to invest in and maintain physical property ...