Summit Hotel Properties Reports Fourth Quarter And Full Year 2020 Results
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Summit Hotel Properties (INN) Misses Q4 EPS by 9c, Revenues Miss
February 23, 2021 4:58 PM ESTSummit Hotel Properties (NYSE: INN) reported Q4 EPS of ($0.45), $0.09 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $48.23 million versus the consensus estimate of $52.92 million.
Fourth Quarter 2020 Summary
Net (Loss) Income: Net loss attributable to common stockholders was $46.8 million, or ($0.45) per diluted share, compared with net income of $5.5 million, or $0.05 per diluted share, in the same period of 2019.Pro Forma RevPAR: Pro forma revenue per available room ("RevPAR") decreased 63.7 percent to $42.79 from the same period in 2019. Pro forma average daily rate ("ADR") decreased 35.4 percent to $100.27 compared to the... More