Summit Hotel Properties (INN)
NYSE:INN
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and improving operating picture driven by strong rate-led recovery, notable March and April strength, raised guidance, active capital recycling, share repurchases, and improved government demand trends. Near-term headwinds—early-quarter softness, specific event disruptions, modest expense pressure, and meaningful second-half capex—were acknowledged but appear manageable given the company’s balance sheet actions and guidance bump. Despite some transcript data inconsistencies that require careful vetting, the overall tone was optimistic with momentum into Q2.Company Guidance
Sequential operating improvement with strong March performance
Pro forma portfolio RevPAR inflected positive in Q1, up 0.2% year over year, with operating fundamentals improving each month. March RevPAR grew ~4.1% driven by a 5.6% increase in average rate; March strength also drove double-digit RevPAR growth in a dozen markets (including Baltimore, Charlotte, Cleveland, Miami, Pittsburgh, San Francisco, and Washington, D.C.). Management reported March trends continued into April.
Raised full-year guidance and constructive outlook
Company increased 2026 RevPAR growth outlook to a range of +0.5% to +3.0%, translating to adjusted EBITDA guidance of $170M–$181M and adjusted FFO guidance of $0.75–$0.85 per share. Second-quarter revenue pace was trending ~4% ahead of last year, with April pacing ~+3.5% and June pacing particularly strong due to event exposure (World Cup, U.S. 250th anniversary, other events).
Strong first-quarter financial results
First-quarter adjusted EBITDA was $44.2 million and adjusted FFO was $25.5 million, or $0.21 per share. RevPAR index increased to 116% of fair share, reflecting outperformance versus the competitive set.
Market-level outperformance (San Francisco and South Florida)
San Francisco portfolio RevPAR increased ~27% in the quarter, driven by citywide events and compression nights. South Florida (Miami and Fort Lauderdale) delivered RevPAR growth exceeding ~14% driven by a ~9% increase in average daily rate; the renovated Oceanside Fort Lauderdale Beach posted outsized food & beverage and ancillary revenue gains.
Revenue mix diversification and non-room revenue growth
Non-rooms revenue increased ~10% year over year in Q1 (food & beverage, marketplace sales, parking, resort fees). Food & beverage at Oceanside Fort Lauderdale Beach grew meaningfully (transcript reports a fourfold increase year over year) and other ancillary streams showed healthy growth.
Capital recycling and active capital allocation
Closed sale of 122-room Hilton Garden Inn Longview, TX for $12.3M (6.8% cap rate) and entered agreement to sell two Dallas Arlington South hotels for $19M (5% cap rate) expected to close in Q3. Repurchased 1.4M common shares in Q1 for $6M (avg price ~$4.17), and ~5M shares repurchased since program inception (~4% of shares outstanding, avg price $4.26). Board declared quarterly common dividend of $0.08 per share (annualized $0.32; ~6.4% yield).
Balance sheet and liquidity actions
Fully repaid $288M 1.5% convertible senior notes using liquidity facilities; pro forma no debt maturities until 2028. Pro rata interest expense guidance $58M–$62M; preferred distributions ~$18.5M. Reported ~50% of pro rata debt fixed via swaps and >60% fixed when including preferred equity; average debt maturity ~3.5 years.
Labor and operating cost discipline
Pro forma operating expenses increased modestly (+3.6% YoY in Q1) driven primarily by merit wage adjustments and benefits as company shifted to internal staffing. Contract labor costs declined ~6% vs Q1 2025 and contract labor now represents ~9% of total labor pool; employee turnover improved, reported as down 1,300 basis points versus prior year.
INN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $4.97 | $5.19 | +4.43% |
Feb 25, 2026 | $4.28 | $4.65 | +8.64% |
Nov 04, 2025 | $4.98 | $5.10 | +2.53% |
Aug 05, 2025 | $4.88 | $4.89 | +0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Summit Hotel Properties (INN) report earnings?
Summit Hotel Properties (INN) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Summit Hotel Properties (INN) earnings time?
Summit Hotel Properties (INN) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INN EPS forecast?
INN EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.