Summit Hotel Properties, Inc.

For the period ended Sep 30, 2026. Filed Nov 3, 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.

Sep 30, 2026 · Filed Nov 3, 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

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

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Revenues:
Room	$163,166	$156,323	$501,867	$490,653
Food and beverage	10,321	10,017	32,879	32,202
Other	12,219	10,777	35,032	31,657
Total revenues	185,706	177,117	569,778	554,512
Expenses:
Room	39,201	38,958	114,900	114,256
Food and beverage	8,141	8,217	25,141	24,596
Other lodging property operating expenses	60,451	58,575	179,772	174,440
Property taxes, insurance and other	13,638	14,106	41,093	41,123
Management fees	3,844	3,142	12,431	12,048
Depreciation and amortization	36,108	37,634	109,295	112,123
Corporate general and administrative	8,131	7,845	24,391	24,696
Loss on write-down of assets	—	—	3,641	—
Total expenses	169,514	168,477	510,664	503,282
Gain (loss) on disposal of assets, net	142	(57)	236	(136)
Operating income	16,334	8,583	59,350	51,094
Other income (expense):
Interest expense	(21,926)	(20,676)	(64,444)	(61,260)
Interest income	340	259	887	836
Other income (expense), net	949	(278)	3,188	1,810
Total other expense, net	(20,637)	(20,695)	(60,369)	(58,614)
Loss from continuing operations before income taxes	(4,303)	(12,112)	(1,019)	(7,520)
Income tax (expense) benefit (Note 13)	(880)	352	(342)	(1,580)
Net loss	(5,183)	(11,760)	(1,361)	(9,100)
Less - Loss attributable to non-controlling interests	(2,152)	(5,083)	(1,008)	(5,379)
Net loss attributable to Summit Hotel Properties, Inc. before preferred dividends	(3,031)	(6,677)	(353)	(3,721)
Less - Distributions to and accretion of redeemable non-controlling interests	(656)	(656)	(1,970)	(1,970)
Less - Preferred dividends	(3,968)	(3,968)	(11,906)	(11,906)
Net loss attributable to common stockholders	$(7,655)	$(11,301)	$(14,229)	$(17,597)
Loss per common share:
Basic and diluted	$(0.07)	$(0.11)	$(0.14)	$(0.17)
Weighted-average common shares outstanding:
Basic and diluted	104,856	105,889	105,112	107,169

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.