Summit Hotel Properties Reports Third Quarter 2020 Results

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Go back to Summit Hotel Properties Reports Third Quarter 2020 Results

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

November 3, 2020 4:39 PM EST

Summit Hotel Properties (NYSE: INN) reported Q3 EPS of ($0.37), $0.03 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $52.41 million versus the consensus estimate of $52.45 million.

Third Quarter 2020 Summary

Net Income: Net loss attributable to common stockholders was $38.3 million, or ($0.37) per diluted share, compared with net income of $7.8 million, or $0.07 per diluted share, in the same period of 2019.Pro Forma RevPAR: Pro forma revenue per available room ("RevPAR") decreased 63.5 percent to $46.83 from the same period in 2019. Pro forma average daily rate ("ADR")... More