Summit Hotel Properties Q4 net loss narrows to $12M; Adjusted FFO per share $0.25 vs $0.14 YoY

Summit Hotel Properties, Inc.

2022-FY EPS reported -$0.16 revenue$675,695,000

Net loss attributable to common stockholders -$12.0M (-$0.11/diluted share) vs -$15.3M (-$0.15) in Q4 2021.
Pro forma RevPAR $109.01, up 17.9% YoY; hotel EBITDA margin 36.0% (+106 bps).
Adjusted EBITDAre $46.1M (+61.6% YoY); full year 2022 Adjusted EBITDAre $180.8M (+100%).
Completed nearly $1B in strategic acquisitions in 2022; post-year-end signed $80M in hotel/land sales.
Reinstated common dividend; initial glamping investment; no debt maturities until Q4 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Summit Hotel Properties, Inc. reported Full Year 2022 results: revenue $675,695, net income $(16,929), EPS $(0.16).

Period: Full Year 2022
Revenue: $675,695
Net income: $(16,929)
EPS: $(0.16)
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Summit Hotel Properties, Inc. reported Fourth Quarter 2022 results: revenue $172,326, net income $(11,975), EPS $(0.11).

Period: Fourth Quarter 2022
Revenue: $172,326
Net income: $(11,975)
EPS: $(0.11)
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926

View on SEC.gov

Browse all earnings releases →

Summit Hotel Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-026038

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.