Summit Hotel Properties (NYSE: INN) reported Q1 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $184.48 million versus the consensus estimate of $185.37 million.

OUTLOOK

2025 Outlook

While we remain confident in the long-term fundamentals of our portfolio, near-term results are being negatively affected by softening demand trends and broader macroeconomic volatility. This has created a more uncertain operating environment with a wider range of potential results than we typically observe. Based on first quarter actual results and recent portfolio trends, our performance is currently tracking toward the lower end of the guidance ranges we provided as part of our year-end 2024 earnings report on February 24, 2025, for full year Adjusted EBITDAre, Adjusted FFO, and Adjusted FFO per share. We are also reducing our capital expenditure expectations for full year 2025 to $60 million to $70 million on a pro rata basis.

For earnings history and earnings-related data on Summit Hotel Properties (INN) click here.