Summit Hotel Properties, Inc.

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 5, 2026

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

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Contents

Condensed Consolidated Statements of Operations (Unaudited) — Months Ended and

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Revenues:
Room	$176,137	$170,599	$338,701	$334,330
Food and beverage	11,098	11,195	22,558	22,185
Other	11,784	11,123	22,813	20,880
Total revenues	199,019	192,917	384,072	377,395
Expenses:
Room	39,352	39,166	75,699	75,298
Food and beverage	8,480	8,388	17,000	16,379
Other lodging property operating expenses	60,671	58,943	119,321	115,865
Property taxes, insurance and other	13,571	13,706	27,455	27,017
Management fees	4,366	4,411	8,587	8,906
Depreciation and amortization	36,413	37,259	73,187	74,489
Corporate general and administrative	7,415	8,280	16,260	16,851
Loss on write-down of assets	—	—	3,641	—
Total expenses	170,268	170,153	341,150	334,805
Gain (loss) on disposal of assets, net	134	(80)	94	(79)
Operating income	28,885	22,684	43,016	42,511
Other income (expense):
Interest expense	(22,068)	(20,628)	(42,518)	(40,584)
Interest income	301	301	547	577
Other income, net	1,187	858	2,239	2,088
Total other expense, net	(20,580)	(19,469)	(39,732)	(37,919)
Income from continuing operations before income taxes	8,305	3,215	3,284	4,592
Income tax benefit (expense) (Note 13)	1,430	(1,178)	538	(1,932)
Net income	9,735	2,037	3,822	2,660
Less - Income (loss) attributable to non-controlling interests	1,243	(976)	1,144	(296)
Net income attributable to Summit Hotel Properties, Inc. before preferred dividends	8,492	3,013	2,678	2,956
Less - Distributions to and accretion of redeemable non-controlling interests	(657)	(657)	(1,314)	(1,314)
Less - Preferred dividends	(3,968)	(3,968)	(7,938)	(7,938)
Net income (loss) attributable to common stockholders	$3,867	$(1,612)	$(6,574)	$(6,296)
Income (loss) per common share:
Basic	$0.04	$(0.02)	$(0.06)	$(0.06)
Diluted	$0.04	$(0.02)	$(0.06)	$(0.06)
Weighted-average common shares outstanding:
Basic	104,768	107,633	105,241	107,820
Diluted	106,181	107,633	105,241	107,820

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.