earnings
confidence high
sentiment negative
materiality 0.75
Summit Hotel Properties Q3 net loss $11.3M; RevPAR down 3.7%; sells two hotels for $39M
Summit Hotel Properties, Inc.
2025-Q3 EPS reported
-$0.17
revenue$554,512,000
- Net loss attributable to common stockholders $11.3M ($0.11 diluted) vs loss $4.3M in Q3 2024.
- Same store RevPAR fell 3.7% to $115.77; ADR down 3.4% to $157.62; occupancy down 0.3% to 73.5%.
- Pro forma Hotel EBITDA $54.1M (30.6% margin) vs $62.2M (34.1%) in Q3 2024; Adjusted FFO $21.3M ($0.17) vs $27.6M ($0.22).
- Sold two hotels post-quarter for $39M at 4.3% blended cap rate; also refinanced $400M NCI term loan.
- Year-to-date net loss $17.6M ($0.17 diluted) vs net income $24.5M ($0.21) in prior year period.