earnings
confidence high
sentiment negative
materiality 0.75
Summit Hotel Q2 net loss $1.6M; RevPAR down 3.8%; AFFO $0.27/share
Summit Hotel Properties, Inc.
2025-Q2 EPS reported
-$0.06
revenue$377,395,000
- Net loss attributable to common stockholders of $1.6M ($0.02/diluted share) vs. net income of $30.8M in Q2 2024.
- Pro forma RevPAR fell 3.8% to $128.79; same-store RevPAR declined 3.6% to $128.07.
- AFFO of $32.7M ($0.27/diluted share) compared to $36.4M ($0.29) in prior-year quarter.
- Repurchased 3.6M common shares for $15.4M at avg $4.30, an 15% discount to market price.
- Completed two debt financings extending maturities; no maturities until 2028 and over $310M liquidity.
item 2.02item 9.01