earnings
confidence high
sentiment neutral
materiality 0.75
Summit Hotel Properties Q4 net loss $15.3M, RevPAR recapture high; FY 2021 RevPAR $81.13, up 55%
Summit Hotel Properties, Inc.
2021-FY EPS reported
-$0.80
revenue$361,926,000
- Q4 net loss $15.3M ($0.15/diluted share), improving from $46.8M loss ($0.45) in Q4 2020.
- Q4 pro forma RevPAR $94.22, +118% YoY; ADR $144.99 (+44%); occupancy 65.0% (+51.5%).
- FY 2021 net loss $83.7M ($0.80/share) vs $158.2M ($1.52) in 2020; Adjusted FFO $0.35/share vs -$0.37.
- FY 2021 pro forma hotel EBITDA $109.4M, margin 29.6% (vs 12.1% in 2020); Adjusted EBITDAre $90.5M.
- Announced nearly $900M of high-growth, strategic acquisitions since pandemic onset.