Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Summit Hotel Properties (INN) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?
Summit Hotel Properties, Inc. (NYSE:INN ) Q4 2024 Earnings Call Transcript February 25, 2025 9:00 AM ET Company Participants Jon Stanner - President, CEO & Director Trey Conkling - Executive VP & CFO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dany Assad - Bank of America Michael Bellisario - Baird Chris Woronka - Deutsche Bank RJ Milligan - Raymond James Operator Welcome to the Summit Hotel Properties 2024 Fourth Quarter and Full Year Earnings Conference Call. I will now be passing the line to Kevin Malota, Senior Vice President of Corporate Finance.
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.20 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.22 per share a year ago.
AUSTIN, Texas , Feb. 20, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2025 Annual Meeting of Stockholders will be held Wednesday, May 21, 2025, beginning at 8:00 a.m. Eastern Time.
AUSTIN, Texas , Jan. 23, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's fourth quarter common dividend represents an annualized dividend yield of 4.8 percent based on the closing price of shares of the common stock on January 22, 2025.
When it comes to earning investment income, one of the most relevant investment vehicles is Real Estate Investment Trusts (REITs). REITs must distribute at least 90% of their taxable earnings out as dividends.
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.22 per share a year ago.
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in several of our key markets.
AUSTIN, Texas , Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.