Summit Hotel Properties, Inc. (INN) 10-Year Financial Performance & Capital Metrics

INN • • REIT / Real Estate

Real EstateHotel REITsUpscale & Select-Service HotelsUpscale Select-Service

AboutSummit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.Show more

Revenue $732M -0.6%
FFO $190M +34.4%
FFO/Share 1.44 +7.2%
FFO Payout 19.4% +1.8%
FFO per Share 1.44 +7.2%
NOI Margin 35.48% +1.2%
FFO Margin 25.97% +35.2%
ROE 3.14% +572.0%
ROA 1.5% +569.9%
Debt/Assets 49.08% -0.9%
Net Debt/EBITDA 5.53 -18.3%
Book Value/Share 10.46 -20.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Sustainable FFO payout ratio of 19.4%
✓Healthy dividend yield of 5.9%
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.9%
✗Profits declining 12.0% over 5 years
✗FFO declining 14.2% TTM
✗Low NOI margin of 35.5%
✗Shares diluted 25.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.13%

5Y5.9%

3Y26.45%

TTM-1.2%

Profit (Net Income) CAGR

10Y7.66%

5Y-11.98%

3Y-

TTM-94%

EPS CAGR

10Y14.28%

5Y-21.81%

3Y-

TTM-463.29%

ROCE

10Y Avg2.91%

5Y Avg0.5%

3Y Avg2.96%

Latest3.94%

Peer Comparison

Upscale Select-Service

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
INNSummit Hotel Properties, Inc.	513.55M	4.72	24.84	-0.59%	0.22%	0.12%	15%	1.03
APLEApple Hospitality REIT, Inc.	2.94B	12.43	13.97	6.52%	12.37%	5.5%	11.05%	0.48

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	463.45M	473.94M	515.38M	567.27M	549.35M	234.46M	361.93M	675.7M	736.13M	731.78M
Revenue Growth %	0.15%	0.02%	0.09%	0.1%	-0.03%	-0.57%	0.54%	0.87%	0.09%	-0.01%
Property Operating Expenses	173.85M	174.83M	190.38M	341.43M	349.77M	206.67M	254.47M	437.23M	478.11M	472.14M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	207.23M	212.55M	240.74M	141.04M	80.17M	137.2M	140.72M	170.68M	199.24M	156.15M
G&A Expenses	21.2M	19.29M	19.6M	40.03M	23.62M	20.98M	29.43M	30.77M	50.98M	31.89M
EBITDA+	144.06M	473.36M	515.38M	607.67M	218.85M	209K	72.69M	217.94M	209.71M	249.93M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	64.05M	390.87M	431.48M	482.47M	99.44M	109.62M	105.95M	150.16M	150.92M	146.44M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	80.01M	82.49M	83.89M	125.2M	119.41M	-109.41M	-33.27M	67.78M	58.79M	103.49M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	30.41M	28.09M	29.69M	41.94M	41.03M	43.3M	43.37M	65.58M	86.8M	82.63M
Interest Coverage	2.63x	2.94x	2.83x	2.98x	2.91x	-2.53x	-0.77x	1.03x	0.68x	1.25x
Non-Operating Income	-76.21M	-2.56M	-46.99M	-6.95M	-5.47M	-4.84M	-9.52M	-2.63M	-2.69M	-9.29M
Pretax Income+	125.81M	106.81M	101.19M	90.2M	83.85M	-147.87M	-67.11M	4.83M	-25.32M	30.15M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	553K	-1.45M	1.67M	-922K	1.5M	1.38M	1.47M	3.61M	2.8M	-8.74M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	124.44M	107.81M	99.21M	90.92M	82.61M	-143.34M	-65.57M	1.47M	-9.49M	43.64M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	4.96%	-0.13%	-0.08%	-0.08%	-0.09%	-2.74%	0.54%	1.02%	-7.47%	5.6%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	1.19%	1.65%	0.06%	0.08%	-0.68%	-1.19%	2.2%	2.75%	-0.07%	0.34%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.24	1.00	0.79	0.88	0.65	-1.43	-0.66	0.01	-0.27	0.19
EPS Growth %	23.8%	-0.19%	-0.21%	0.11%	-0.26%	-3.2%	0.54%	1.02%	-20.42%	1.7%
EPS (Basic)	1.25	1.00	0.79	0.88	0.65	-1.43	-0.66	0.01	-0.27	0.24
Diluted Shares Outstanding	87.14M	87.34M	99.78M	103.84M	103.94M	104.14M	104.47M	105.14M	105.55M	132.37M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.58B	1.72B	2.21B	2.22B	2.36B	2.23B	2.26B	3.02B	2.94B	2.9B
Asset Growth %	0.08%	0.09%	0.29%	0.01%	0.06%	-0.05%	0.01%	0.33%	-0.03%	-0.01%
Real Estate & Other Assets+	1.36B	12.03M	12.43M	7.93M	40.26M	30.63M	2.1B	2.83B	2.72B	2.75B
PP&E (Net)	1.33B	1.52B	2.05B	2.04B	2.2B	2.12B	26.94M	35.02M	34.81M	33.31M
Investment Securities	-1000K	1000K	1000K	1000K	0	0	0	0	0	0
Total Current Assets+	210.25M	158.14M	106M	134.98M	101.3M	68.02M	126.25M	115.34M	139.91M	74.31M
Cash & Equivalents	29.33M	34.69M	36.55M	44.09M	42.24M	20.72M	64.48M	51.26M	37.84M	40.64M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	170.68M	91.83M	43.17M	45.69M	40.25M	28.78M	38.88M	39.72M	75.67M	9.37M
Intangible Assets	6.12M	6.25M	22.76M	20.96M	11.01M	10.92M	10.83M	39.95M	39.95M	32.27M
Total Liabilities	724.03M	705.03M	932.5M	1.03B	1.11B	1.18B	1.16B	1.56B	1.54B	1.51B
Total Debt+	677.1M	652.41M	868.24M	958.71M	1.05B	1.14B	1.43B	1.48B	1.46B	1.42B
Net Debt	647.77M	617.72M	831.69M	914.62M	1.01B	1.12B	1.37B	1.43B	1.42B	1.38B
Long-Term Debt	671.54M	636.59M	868.24M	958.71M	1.03B	1.13B	1.07B	1.24B	1.23B	1.19B
Short-Term Borrowings	0	1000K	0	0	0	0	1000K	1000K	1000K	1000K
Capital Lease Obligations	4.91M	94K	128K	94K	19.6M	18.44M	17.23M	25.48M	25.84M	24.87M
Total Current Liabilities+	45.12M	51.5M	64.26M	71.44M	52.14M	34.13M	54.96M	301.82M	286.04M	299.6M
Accounts Payable	2.95M	4.62M	7.77M	5.39M	4.77M	2.67M	4.46M	5.52M	4.83M	7.45M
Deferred Revenue	12.9M	11.17M	-108.7M	19.57M	0	0	0	0	6.3M	6.85M
Other Liabilities	7.51M	63.83M	0	0	8.21M	2.79M	15.72M	0	0	0
Total Equity+	856.93M	1.01B	1.28B	1.19B	1.24B	1.05B	1.11B	1.46B	1.4B	1.39B
Equity Growth %	0.09%	0.18%	0.26%	-0.07%	0.04%	-0.15%	0.05%	0.32%	-0.04%	-0.01%
Shareholders Equity	852.71M	1.01B	1.27B	1.19B	1.17B	988.74M	948.07M	959.81M	911.2M	909.54M
Minority Interest	4.21M	3.43M	2.87M	2.29M	69.61M	63.32M	159.12M	498.36M	485.5M	475.5M
Common Stock	868K	935K	1.04M	1.05M	1.05M	1.06M	1.06M	1.07M	1.08M	1.08M
Additional Paid-in Capital	894.06M	1.01B	1.26B	1.19B	1.19B	1.2B	1.23B	1.23B	1.24B	1.25B
Retained Earnings	-40.63M	-1.42M	9.2M	4.84M	-2.28M	-179.01M	-262.64M	-288.2M	-339.85M	-347.04M
Preferred Stock	84K	94K	128K	94K	94K	94K	104K	104K	104K	104K
Return on Assets (ROA)	0.08%	0.07%	0.05%	0.04%	0.04%	-0.06%	-0.03%	0%	-0%	0.01%
Return on Equity (ROE)	0.15%	0.12%	0.09%	0.07%	0.07%	-0.12%	-0.06%	0%	-0.01%	0.03%
Debt / Assets	0.43%	0.38%	0.39%	0.43%	0.45%	0.51%	0.63%	0.49%	0.5%	0.49%
Debt / Equity	0.79x	0.64x	0.68x	0.80x	0.85x	1.09x	1.29x	1.01x	1.04x	1.03x
Net Debt / EBITDA	4.50x	1.30x	1.61x	1.51x	4.61x	5374.71x	18.79x	6.54x	6.76x	5.53x
Book Value per Share	9.83	11.60	12.80	11.48	11.96	10.10	10.60	13.87	13.23	10.46

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	132.22M	137.94M	146.92M	161.65M	148.48M	-42.05M	66.05M	169.62M	153.64M	166.32M
Operating CF Growth %	0.29%	0.04%	0.07%	0.1%	-0.08%	-1.28%	2.57%	1.57%	-0.09%	0.08%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	125.26M	108.26M	99.52M	91.13M	82.35M	-149.25M	-68.58M	1.22M	-28.12M	38.89M
Depreciation & Amortization	64.05M	72.41M	85.93M	101.01M	99.44M	109.62M	105.95M	150.16M	150.92M	146.44M
Stock-Based Compensation	4.75M	4.22M	5.89M	6.67M	6.22M	6.48M	10.68M	8.45M	7.74M	8.13M
Other Non-Cash Items	-60.94M	-46.95M	-41.15M	-39.3M	-41.53M	6.76M	5.43M	-3.64M	22.34M	-29.97M
Working Capital Changes	-967K	2.39M	-4.15M	2.58M	2.01M	-17.72M	12.59M	13.49M	672K	2.07M
Cash from Investing+	-131.11M	-154.44M	-515.52M	-63.06M	-182.16M	-30.71M	-74.24M	-290.51M	-101.96M	-71.5M
Acquisitions (Net)	-236.52M	-244.71M	0	0	68.71M	0	0	204.8M	0	0
Purchase of Investments	-239.23M	-275.22M	-631.56M	-100.68M	-290.92M	0	0	-288.9M	0	0
Sale of Investments	1000K	1000K	1000K	200K	1000K	0	0	1000K	0	0
Other Investing	-131.11M	-154.44M	-515.52M	-63.06M	97.01M	-30.71M	-74.24M	-131.04M	-101.96M	-71.5M
Cash from Financing+	-10.36M	21.88M	370.45M	-92.05M	30.96M	41.83M	66.24M	85.76M	-65.72M	-94.23M
Dividends Paid	-57.6M	-66.71M	-85.64M	-92.25M	-90.78M	-33.76M	-15.52M	-28.39M	-45.78M	-55.68M
Common Dividends	-57.29M	-66.47M	-85.64M	-92.25M	-90.78M	-18.83M	0	-10.05M	-26.95M	-36.88M
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	-398K	-1000K	-1000K
Share Repurchases	0	-1.26M	-961K	-2.72M	-839K	-469K	-2.69M	-2.46M	-1.39M	-939K
Other Financing	-3.01M	-1.95M	241.49M	-3.98M	64.87M	-2.7M	83M	117M	-862K	-2.94M
Net Change in Cash+	-9.26M	5.37M	1.85M	6.55M	-2.72M	-30.94M	58.05M	-35.14M	-14.04M	590K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	38.58M	29.33M	34.69M	66.01M	72.56M	69.83M	38.9M	96.94M	61.81M	47.77M
Cash at End	29.33M	34.69M	36.55M	72.56M	69.83M	38.9M	96.94M	61.81M	47.77M	48.36M
Free Cash Flow+	89.02M	95.5M	109.73M	95.04M	89.21M	-42.05M	66.05M	93.15M	153.64M	77.02M
FCF Growth %	0.5%	0.07%	0.15%	-0.13%	-0.06%	-1.47%	2.57%	0.41%	0.65%	-0.5%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	2.16	5.71	5.32	5.52	1.75	-0.32	0.39	1.44	1.34	1.44
FFO Payout Ratio	30.4%	13.33%	16.14%	16.09%	49.87%	-55.85%	38.44%	6.63%	19.05%	19.4%
NOI Margin	62.49%	63.11%	63.06%	39.81%	36.33%	11.85%	29.69%	35.29%	35.05%	35.48%
Net Debt / EBITDA	4.50x	1.30x	1.61x	1.51x	4.61x	5374.71x	18.79x	6.54x	6.76x	5.53x
Debt / Assets	42.83%	37.96%	39.29%	43.14%	44.66%	51.23%	63.16%	48.88%	49.55%	49.08%
Interest Coverage	2.63x	2.94x	2.83x	2.98x	2.91x	-2.53x	-0.77x	1.03x	0.68x	1.25x
Book Value / Share	9.83	11.6	12.8	11.48	11.96	10.1	10.6	13.87	13.23	10.46
Revenue Growth	14.87%	2.26%	8.74%	10.07%	-3.16%	-57.32%	54.36%	86.69%	8.94%	-0.59%

Revenue by Segment

	2018	2019	2020	2021	2022	2024
Occupancy	523.44M	505.34M	215.51M	334.34M	609.37M	650.71M
Occupancy Growth	-	-3.46%	-57.35%	55.14%	82.26%	6.78%
Food and Beverage	24.77M	23.79M	6.44M	7.3M	32.12M	40.87M
Food and Beverage Growth	-	-3.99%	-72.91%	13.27%	340.02%	27.24%
Hotel, Other	19.06M	20.22M	12.51M	20.29M	34.21M	40.2M
Hotel, Other Growth	-	6.10%	-38.12%	62.14%	68.60%	17.53%

Frequently Asked Questions

Valuation & Price

Summit Hotel Properties, Inc. (INN) has a price-to-earnings (P/E) ratio of 24.8x. This is roughly in line with market averages.

Growth & Financials

Summit Hotel Properties, Inc. (INN) reported $727.4M in revenue for fiscal year 2024. This represents a 442% increase from $134.3M in 2011.

Summit Hotel Properties, Inc. (INN) saw revenue decline by 0.6% over the past year.

Yes, Summit Hotel Properties, Inc. (INN) is profitable, generating $1.6M in net income for fiscal year 2024 (6.0% net margin).

Dividend & Returns

Yes, Summit Hotel Properties, Inc. (INN) pays a dividend with a yield of 5.90%. This makes it attractive for income-focused investors.

Summit Hotel Properties, Inc. (INN) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Industry Metrics

Summit Hotel Properties, Inc. (INN) generated Funds From Operations (FFO) of $150.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Summit Hotel Properties, Inc. (INN) offers a 5.90% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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