Summit Hotel Properties (INN) Tops Q3 FFO by 3c

Summit Hotel Properties (NYSE: INN) reported Q3 FFO of $0.37, $0.03 better than the analyst estimate of $0.34. Revenue for the quarter came in at $125.1 million versus the consensus estimate of $122.25 million.

Same-Store RevPAR: Same-store RevPAR in the third quarter of 2015 grew to $100.21, an increase of 4.6 percent over the same period in 2014. Same-store ADR in the third quarter of 2015 grew to $125.93, an increase of 4.0 percent from the same period of 2014. Same-store occupancy increased by 0.6 percent in the third quarter of 2015 to 79.6 percent compared to the same period in 2014.

Summit Hotel Properties sees Q4 2015 FFO of $0.22 - $0.24, versus the consensus of $0.23.

Summit Hotel Properties sees FY2015 FFO of $1.20 - $1.22, versus the consensus of $1.17.

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

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