Earnings ·
Summit Hotel Properties reports Q3 Adjusted FFO of $0.20 per share and raises full-year guidance
INN-PESummit Hotel Properties, Inc.
Summit Hotel Properties reported a net loss attributable to common stockholders of $7.7 million, or $0.07 per diluted share, for the third quarter ended September 30, 2026, compared to a $11.3 million loss in the prior year period. Adjusted FFO increased 13.9 percent to $24.2 million, or $0.20 per diluted share. Pro forma RevPAR rose 7.2 percent to $126.17, driven by broad-based demand growth and pricing power. The company also raised its full-year 2026 guidance ranges for Adjusted FFO and Adjusted EBITDAre based on strong third-quarter results and improved fourth-quarter expectations. Summit Hotel Properties is a publicly traded real estate investment trust focused on owning premium-branded lodging facilities primarily in the upscale segment of the lodging industry.