SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2024 RESULTS [Yahoo! Finance]
Summit Hotel Properties, Inc. (INN)
Last summit hotel properties, inc. earnings: 2/25 04:35 pm
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Source: Yahoo! Finance
Sale of Three Hotels for $84.0 Million Further Deleverages Balance Sheet Subsequent to Quarter End Common Dividend Increased 33% to Annualized per Share AUSTIN, Texas May 1, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three months ended March 31, 2024 "We are pleased with our strong first quarter financial results, highlighted by 10 percent Adjusted EBITDAre growth and 14 percent Adjusted FFO growth. RevPAR increased 1.5 percent in our pro forma portfolio during the quarter which exceeded the total U.S. and upscale RevPAR growth rates by 130 basis points and 140 basis points, respectively. Hotel EBITDA margins expanded 80 basis points from the first quarter of last year driven by strong cost controls that led to a decrease in operating expenses on a per occupied room basis year-over-year," said Jonathan P. Stanner , the Company's President and Chief Executive Officer. "Subsequent to quarter end, we successful
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- SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2024 RESULTSPR Newswire
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INN
Earnings
- 5/1/24 - Beat
INN
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- INN's page on the SEC website