Summit Hotel Properties, Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

INN$7.44+3.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations for the years ended F-

(in thousands, except per share amounts)

	For the Years Ended December 31,
	2025	2024	2023
Revenues:
Room	$643,795	$650,713	$656,063
Food and beverage	43,213	40,865	41,513
Other	42,464	40,205	38,551
Total revenues	729,472	731,783	736,127
Expenses:
Room	151,441	146,790	148,005
Food and beverage	32,933	30,964	31,580
Other lodging property operating expenses	231,282	224,409	224,901
Property taxes, insurance and other	54,691	54,116	55,167
Management fees	15,760	15,866	18,452
Depreciation and amortization	149,610	146,436	150,924
Corporate general and administrative	32,816	31,891	32,530
Transaction costs	—	10	13
Loss on impairment and write-down of assets	1,833	6,723	16,661
Recovery of credit losses	—	—	(1,230)
Total expenses	670,366	657,205	677,003
Gain (loss) on disposal of assets, net	6,579	28,912	(337)
Operating income	65,685	103,490	58,787
Other income (expense):
Interest expense	(80,692)	(82,632)	(86,798)
Interest income	1,178	1,906	1,688
Gain on extinguishment of debt	—	3,000	—
Other income, net	2,994	4,384	1,005
Total other expense, net	(76,520)	(73,342)	(84,105)
(Loss) income from continuing operations before income taxes	(10,835)	30,148	(25,318)
Income tax (expense) benefit	(842)	8,743	(2,798)
Net (loss) income	(11,677)	38,891	(28,116)
Less - Loss attributable to non-controlling interests	(6,610)	(4,751)	(18,627)
Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions	(5,067)	43,642	(9,489)
Less - Distributions to and accretion of redeemable non-controlling interests	(2,626)	(2,626)	(2,626)
Less - Preferred dividends	(15,875)	(15,875)	(15,875)
Net (loss) income attributable to common stockholders	$(23,568)	$25,141	$(27,990)
(Loss) income per common share:
Basic	$(0.22)	$0.23	$(0.27)
Diluted	$(0.22)	$0.22	$(0.27)
Weighted average common shares outstanding:
Basic	106,850	105,927	105,548
Diluted	106,850	132,365	105,548
Dividends per common share	$0.32	$0.30	$0.22

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.