Summit Hotel Properties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Summit Hotel Properties Inc reported revenue of $729.5M (-0.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $729.5M | $731.8M | $736.1M | $675.7M |
| Cost of goods and services sold | $415.7M | $402.2M | $422.9M | $387.3M |
| Property taxes, insurance and other | $54.7M | $54.1M | $55.2M | $49.9M |
| Management fees | $15.8M | $15.9M | — | — |
| Depreciation and amortization | $149.6M | $146.4M | $150.9M | $150.2M |
| Corporate general and administrative | $32.8M | $31.9M | $32.5M | $30.8M |
| Transaction costs | $0 | $10.0K | $13.0K | $749.0K |
| Loss on impairment and write-down of assets | $1.8M | $6.7M | $16.7M | $10.4M |
| Recovery of credit losses | $0 | $0 | — | — |
| Total expenses | $670.4M | $657.2M | $677.0M | $628.2M |
| Gain (loss) on disposal of assets, net | $6.6M | $28.9M | — | $20.3M |
| Operating income | $65.7M | $103.5M | $58.8M | $67.8M |
| Interest expense | ($80.7M) | ($82.6M) | ($86.8M) | ($65.6M) |
| Interest income | $1.2M | $1.9M | $1.7M | — |
| Gain on extinguishment of debt | $0 | $3.0M | — | — |
| Other income, net | $3.0M | $4.4M | $1.0M | $2.6M |
| Total other expense, net | ($76.5M) | ($73.3M) | ($84.1M) | ($63.0M) |
| (Loss) income from continuing operations before income taxes | ($10.8M) | $30.1M | ($25.3M) | $4.8M |
| Income tax (expense) benefit | ($842.0K) | $8.7M | ($2.8M) | ($3.6M) |
| Net (loss) income | ($11.7M) | $38.9M | ($28.1M) | $1.2M |
| Less - Loss attributable to non-controlling interests | ($6.6M) | ($4.8M) | $18.6M | $249.0K |
| Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions | ($5.1M) | $43.6M | ($9.5M) | — |
| Less - Distributions to and accretion of redeemable non-controlling interests | ($2.6M) | ($2.6M) | ($2.6M) | ($2.5M) |
| Less - Preferred dividends | ($15.9M) | ($15.9M) | ($15.9M) | ($15.9M) |
| Net (loss) income attributable to common stockholders | ($23.6M) | $25.1M | — | — |
| Basic (in usd per shares) | -$0.22 | $0.23 | -$0.27 | -$0.16 |
| Diluted (in usd per shares) | -$0.22 | $0.22 | -$0.27 | -$0.16 |
| Weighted average common shares outstanding - basic (in shares) | 106.8M | 105.9M | 105.5M | 105.1M |
| Weighted average common shares outstanding - diluted (in shares) | 106.8M | 132.4M | 105.5M | 105.1M |
| Dividends per common share (in dollars per share) | $0.32 | $0.30 | $0.22 | $0.08 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $199.0M | $185.1M | $177.1M | $192.9M |
| Cost of goods and services sold | $108.5M | $103.5M | $105.8M | $106.5M |
| Property taxes, insurance and other | $13.6M | $13.9M | $14.1M | $13.7M |
| Management fees | $4.4M | $4.2M | $3.1M | $4.4M |
| Depreciation and amortization | $36.4M | $36.8M | $37.6M | $37.3M |
| Corporate general and administrative | $7.4M | $8.8M | $7.8M | $8.3M |
| Loss on write-down of assets | $0 | $3.6M | — | — |
| Total expenses | $170.3M | $170.9M | $168.5M | $170.2M |
| Gain (loss) on disposal of assets, net | $134.0K | ($40.0K) | ($57.0K) | ($80.0K) |
| Operating income | $28.9M | $14.1M | $8.6M | $22.7M |
| Interest expense | ($22.1M) | ($20.4M) | ($20.7M) | ($20.6M) |
| Interest income | $301.0K | $246.0K | $259.0K | $301.0K |
| Other income, net | $1.2M | $1.1M | ($278.0K) | $858.0K |
| Total other expense, net | ($20.6M) | ($19.2M) | ($20.7M) | ($19.5M) |
| Income from continuing operations before income taxes | $8.3M | ($5.0M) | ($12.1M) | $3.2M |
| Income tax benefit (expense) (Note 13) | $1.4M | ($892.0K) | $352.0K | ($1.2M) |
| Net income | $9.7M | ($5.9M) | ($11.8M) | $2.0M |
| Less - Income (loss) attributable to non-controlling interests | $1.2M | ($99.0K) | ($5.1M) | ($976.0K) |
| Net income attributable to Summit Hotel Properties, Inc. before preferred dividends | $8.5M | ($5.8M) | ($6.7M) | $3.0M |
| Less - Distributions to and accretion of redeemable non-controlling interests | ($657.0K) | ($657.0K) | ($656.0K) | ($657.0K) |
| Less - Preferred dividends | ($4.0M) | ($4.0M) | ($4.0M) | ($4.0M) |
| Net income (loss) attributable to common stockholders | $3.9M | ($10.4M) | ($11.3M) | ($1.6M) |
| Basic (in dollars per share) | $0.04 | -$0.10 | -$0.11 | -$0.02 |
| Diluted (in dollars per share) | $0.04 | -$0.10 | -$0.11 | -$0.02 |
| Basic (in shares) | 104.8M | 105.7M | 105.9M | 107.6M |
| Diluted (in shares) | 106.2M | 105.7M | 105.9M | 107.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investments in lodging property, net | $2.6B | $2.7B | $2.7B | $2.8B |
| Investment in lodging property under development | $0 | $7.6M | $1.5M | $0 |
| Assets held for sale, net | $12.0M | $1.6M | $73.7M | $78.6M |
| Cash and cash equivalents | $36.1M | $40.6M | $37.8M | $51.3M |
| Restricted cash | $5.1M | $7.7M | $9.9M | $10.6M |
| Right-of-use assets, net | $32.0M | $33.3M | $34.8M | $35.0M |
| Trade receivables, net | $17.3M | $18.6M | $21.3M | $21.0M |
| Prepaid expenses and other | $7.1M | $9.6M | $8.9M | $8.4M |
| Deferred charges, net | $10.1M | $6.5M | $6.7M | $7.1M |
| Other assets | $16.0M | $24.3M | $15.6M | $17.8M |
| Total assets | $2.8B | $2.9B | $2.9B | $3.0B |
| Debt, net of debt issuance costs | $1.4B | $1.4B | $1.4B | $1.5B |
| Lease liabilities, net | $24.1M | $24.9M | $25.8M | $25.5M |
| Accounts payable | $7.5M | $7.5M | $4.8M | $5.5M |
| Accrued expenses and other | $76.4M | $82.2M | $81.2M | $81.3M |
| Total liabilities | $1.5B | $1.5B | $1.5B | $1.6B |
| Redeemable non-controlling interests | $50.2M | $50.2M | $50.2M | $50.2M |
| Preferred stock | $104.0K | $104.0K | $104.0K | $104.0K |
| Common stock, $0.01 par value per share, 500,000,000 shares authorized, 108,798,686 and 108,435,663 shares issued and outstanding at December 31, 2025 and 2024 respectively | $1088000.00 | $1084000.00 | $1076000.00 | $1069000.00 |
| Additional paid-in capital | $1.3B | $1.2B | $1.2B | $1.2B |
| Accumulated other comprehensive income | $2.1M | $9.2M | $11.0M | $14.5M |
| Accumulated deficit and distributions in excess of retained earnings | ($405.6M) | ($347.0M) | ($339.8M) | ($288.2M) |
| Total stockholders’ equity | $862.2M | $909.5M | $911.2M | $959.8M |
| Non-controlling interests | $361.6M | $425.3M | $435.3M | $448.1M |
| Total equity | $1.2B | $1.3B | $1.3B | $1.4B |
| Total liabilities, redeemable non-controlling interests and equity | $2.8B | $2.9B | $2.9B | $3.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investments in lodging property, net | $2.6B | $2.6B | $2.7B | $2.7B |
| Assets held for sale, net | $18.4M | $18.4M | $31.5M | $0 |
| Cash and cash equivalents | $36.9M | $44.8M | $41.1M | $39.5M |
| Restricted cash | $5.5M | $5.7M | $6.3M | $8.7M |
| Right-of-use assets, net | $31.7M | $31.6M | $32.5M | $32.9M |
| Trade receivables, net | $22.2M | $23.5M | $19.0M | $22.6M |
| Prepaid expenses and other | $14.1M | $14.6M | $14.3M | $14.2M |
| Deferred charges, net | $6.1M | $5.6M | $10.3M | $10.5M |
| Other assets | $22.6M | $18.2M | $16.2M | $17.3M |
| Total assets | $2.7B | $2.8B | $2.8B | $2.9B |
| Debt, net of debt issuance costs | $1.4B | $1.4B | $1.4B | $1.4B |
| Lease liabilities, net | $24.0M | $23.7M | $24.4M | $24.8M |
| Accounts payable | $7.9M | $7.1M | $9.9M | $7.3M |
| Accrued expenses and other | $83.6M | $77.7M | $92.9M | $81.1M |
| Total liabilities | $1.5B | $1.5B | $1.5B | $1.5B |
| Commitments and contingencies (Note 11) | $0 | $0 | $0 | $0 |
| Redeemable non-controlling interests | $50.2M | $50.2M | $50.2M | $50.2M |
| Preferred stock | $104.0K | $104.0K | $104.0K | $104.0K |
| Common stock, $0.01 par value per share, 500,000,000 shares authorized, 107,854,017 and 108,798,686 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | $1079000.00 | $1084000.00 | $1088000.00 | $1088000.00 |
| Additional paid-in capital | $1.3B | $1.3B | $1.3B | $1.3B |
| Accumulated other comprehensive income | $6.3M | $4.3M | $3.0M | $4.4M |
| Accumulated deficit and distributions in excess of retained earnings | ($429.0M) | ($424.4M) | ($390.9M) | ($370.9M) |
| Total stockholders’ equity | $838.9M | $840.4M | $875.8M | $895.1M |
| Non-controlling interests | $352.1M | $359.0M | $373.5M | $383.8M |
| Total equity | $1.2B | $1.2B | $1.2B | $1.3B |
| Total liabilities, redeemable non-controlling interests and equity | $2.7B | $2.8B | $2.8B | $2.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($11.7M) | $38.9M | ($28.1M) | $1.2M |
| Depreciation and amortization | $149.6M | $146.4M | $150.9M | $150.2M |
| Amortization of debt issuance costs | $6.9M | $6.6M | $5.9M | $5.7M |
| Loss on impairment and write-down of assets | $1.8M | $6.7M | $16.7M | $10.4M |
| Recovery of credit losses | $0 | $0 | ($1.2M) | — |
| Equity-based compensation | $8.8M | $8.1M | $7.7M | $8.4M |
| Deferred tax (benefit) expense | ($331.0K) | $762.0K | $84.0K | ($59.0K) |
| Reversal of valuation allowance on deferred tax assets | $0 | ($12.1M) | — | — |
| (Gain) loss on disposal of assets, net | ($6.6M) | ($28.9M) | $337.0K | ($20.3M) |
| Gain on extinguishment of debt | $0 | ($3.0M) | — | — |
| Non-cash interest income | $0 | ($400.0K) | ($531.0K) | ($113.0K) |
| Debt transaction costs | $0 | $647.0K | $395.0K | $1.5M |
| Other | $939.0K | $450.0K | $793.0K | $232.0K |
| Trade receivables, net | $1.0M | $2.7M | ($334.0K) | ($7.3M) |
| Prepaid expenses and other | $2.2M | ($1.0M) | ($636.0K) | $1.8M |
| Accounts payable | $225.0K | $2.5M | ($380.0K) | ($438.0K) |
| Accrued expenses and other | ($3.8M) | ($2.1M) | $2.0M | $19.3M |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $149.0M | $166.3M | $153.6M | $169.6M |
| Acquisitions of lodging properties | $0 | ($96.3M) | ($44.6M) | — |
| Improvements to lodging properties | ($75.5M) | ($89.3M) | ($89.6M) | ($76.5M) |
| Investment in property under development | ($7.5M) | ($5.2M) | — | — |
| Proceeds from tax incentive payment | $0 | $9.9M | — | — |
| Proceeds from asset dispositions, net | $39.7M | $109.4M | $35.2M | $73.8M |
| Funding of real estate loans and related expenses | $0 | $0 | ($4.6M) | ($2.2M) |
| Proceeds from principal payments on real estate loans | $0 | $0 | $1.5M | $1.1M |
| Transaction escrow activity and other | ($76.0K) | — | — | — |
| NET CASH USED IN INVESTING ACTIVITIES | ($43.4M) | ($71.5M) | ($102.0M) | ($290.5M) |
| Proceeds from borrowings on revolving line of credit | $70.0M | $115.0M | $75.0M | $506.5M |
| Repayments of revolving line of credit borrowings | ($80.0M) | ($105.0M) | ($90.0M) | — |
| Proceeds from mortgage loan | $58.0M | $50.0M | — | — |
| Repayment of mortgage loan | ($45.4M) | — | — | — |
| Scheduled principal payments on mortgage loans | ($1.1M) | — | — | — |
| Proceeds from term loans | $95.0M | — | — | — |
| Repayment of term loans | ($100.3M) | — | — | — |
| Financing fees, debt transactions costs and other issuance costs | ($10.3M) | ($3.5M) | ($10.4M) | ($7.4M) |
| Repurchases of common shares | -15.4M | — | — | — |
| Redemption of subsidiary preferred stock | ($625.0K) | — | — | — |
| Common dividends and distributions paid | ($39.0M) | ($36.9M) | ($26.9M) | ($10.0M) |
| Preferred dividends and distributions paid | ($18.8M) | ($18.8M) | ($18.8M) | ($18.3M) |
| Proceeds from contributions by non-controlling interests in joint venture | $944.0K | $22.5M | $20.6M | $204.1M |
| Distributions to joint venture partner | ($24.2M) | ($21.9M) | ($12.4M) | ($80.4M) |
| Repurchase of common shares for employee tax withholding requirements | -1.6M | -939.0K | -1.4M | -2.5M |
| Proceeds from the sale of subsidiary preferred stock | $0 | — | $0 | $0 |
| NET CASH USED IN FINANCING ACTIVITIES | ($112.8M) | ($94.2M) | ($65.7M) | $85.8M |
| Net change in cash, cash equivalents and restricted cash | ($7.1M) | $590.0K | ($14.0M) | ($35.1M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $3.8M | ($5.9M) | ($9.1M) | $2.7M |
| Depreciation and amortization | $73.2M | $36.8M | $112.1M | $74.5M |
| Amortization of debt issuance costs | $3.9M | $2.0M | $5.3M | $3.4M |
| Loss on write-down of assets | $3.6M | $3.6M | — | — |
| Equity-based compensation | $3.4M | $2.0M | $6.8M | $4.7M |
| Debt transaction costs | $0 | — | $0 | $15.0K |
| Deferred tax (benefit) expense | ($963.0K) | $467.0K | $636.0K | $1.2M |
| (Gain) loss on disposal of assets, net | ($94.0K) | $40.0K | $136.0K | $79.0K |
| Other | $659.0K | $273.0K | $747.0K | $445.0K |
| Trade receivables, net | ($5.1M) | ($6.3M) | ($614.0K) | ($4.1M) |
| Prepaid expenses and other | ($7.1M) | ($7.6M) | ($5.0M) | ($4.7M) |
| Accounts payable | ($326.0K) | ($821.0K) | $1.0M | ($1.4M) |
| Accrued expenses and other | $8.4M | $3.5M | $8.5M | ($2.1M) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $83.4M | $28.1M | $120.5M | $74.7M |
| Improvements to lodging properties | ($23.6M) | ($11.9M) | ($56.4M) | ($34.6M) |
| Investment in lodging property under development | $0 | $0 | ($6.6M) | ($5.6M) |
| Proceeds from asset dispositions, net | $12.0M | $12.0M | $1.3M | $1.2M |
| Purchase of undeveloped land parcel | ($1.4M) | — | — | — |
| Other | $0 | — | ($128.0K) | ($128.0K) |
| NET CASH USED IN INVESTING ACTIVITIES | ($13.0M) | $66.0K | ($61.8M) | ($39.1M) |
| Proceeds from borrowings on revolving line of credit | $55.0M | $45.0M | $70.0M | $55.0M |
| Repayments of revolving line of credit borrowings | ($50.0M) | ($20.0M) | ($60.0M) | ($40.0M) |
| Proceeds from mortgage loan | $0 | — | $58.0M | $58.0M |
| Repayment of mortgage loan | $0 | — | — | — |
| Scheduled principal payments on mortgage debt | ($259.0K) | ($189.0K) | ($46.5M) | ($46.3M) |
| Repurchases of common shares | -6.2M | -6.0M | -15.4M | -15.4M |
| Proceeds from term loan | $275.0M | $275.0M | $95.0M | — |
| Repayment on Convertible Notes | ($287.5M) | ($287.5M) | — | — |
| Repayment of term loan | ($7.3M) | ($7.3M) | ($91.0M) | — |
| Common dividends and distributions paid | ($19.2M) | ($9.6M) | ($29.4M) | ($19.7M) |
| Preferred dividends and distributions paid | ($9.4M) | ($4.6M) | ($14.0M) | ($9.4M) |
| Contributions by non-controlling interests in joint venture | $0 | $0 | $832.0K | $754.0K |
| Distributions to joint venture partners | ($10.5M) | ($2.5M) | ($15.3M) | ($11.6M) |
| Financing fees, debt transaction costs and other issuance costs | ($8.0M) | ($297.0K) | ($10.2M) | ($5.4M) |
| Repurchase of common stock for tax withholding requirements | ($894.0K) | ($894.0K) | ($1.6M) | ($1.6M) |
| NET CASH USED IN FINANCING ACTIVITIES | ($69.2M) | ($18.9M) | ($59.7M) | ($35.7M) |
| Net change in cash, cash equivalents and restricted cash | $1.3M | $9.2M | ($953.0K) | ($134.0K) |
| Beginning of period | $41.2M | $41.2M | $48.4M | $48.4M |
| End of period | $42.5M | $50.4M | $47.4M | $48.2M |
| Cash and cash equivalents | $36.9M | $44.8M | $41.1M | $39.5M |
| Restricted cash | $5.5M | $5.7M | $6.3M | $8.7M |
| TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $42.5M | $50.4M | $47.4M | $48.2M |
Summit Hotel Properties Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.