From Nasdaq: 2025-02-24 18:20:04

Summit Hotel Properties (INN) reported quarterly FFO of $0.20 per share, beating estimates and showing a 5.26% surprise. Revenues were $172.93 million, exceeding expectations by 1.01%. The stock has underperformed but future performance will depend on FFO outlook and industry trends. Investors await results from Alexander & Baldwin Holdings, Inc. (ALEX) on Feb 27.

Estimates for Summit Hotel Properties suggest a Zacks Rank #3 (Hold) with a current FFO estimate of $0.23 for the next quarter. Industry outlook is important, as REIT and Equity Trust – Other is in the bottom 44% of Zacks industries. For more information, check out Zacks Investment Research for stock recommendations and analysis.



Read more at Nasdaq: Summit Hotel Properties (INN) Q4 FFO and Revenues Beat Estimates