Quarterly ResultAug 5, 2026, 04:41 PM
Summit Hotel Q2 Net Income $3.87M; EPS $0.04
AI Summary
Summit Hotel Properties reported a significant improvement in its second-quarter 2026 financial results, swinging to a net income of $3.87 million for common stockholders, or $0.04 per basic share, compared to a net loss in the prior year. Total revenues for the quarter increased by 3.16% to $199.02 million. The company also completed the sale of one property and has another pending, while managing its debt profile with significant repayments and new borrowings.
Key Highlights
- Q2 2026 net income attributable to common stockholders was $3.87 million, up from a $1.61 million loss in Q2 2025.
- Basic EPS for Q2 2026 was $0.04, compared to $(0.02) in Q2 2025.
- Total revenues for Q2 2026 increased 3.16% to $199.02 million from $192.92 million in Q2 2025.
- Operating income for Q2 2026 rose 27.34% to $28.89 million from $22.68 million in Q2 2025.
- Sold Hilton Garden Inn - Longview, TX for $12.3 million in February 2026.
- Repaid $287.5 million in Convertible Notes and secured a $275 million term loan in H1 2026.
- Total assets decreased to $2.73 billion at June 30, 2026, from $2.78 billion at December 31, 2025.
Price Impact
More from INN