Security
INN PRE · Summit Hotel Properties, Inc.
INN PRENYSEPreferred stockCurrentCIK 1497645Updated Sep 30, 2026
INN PRE price & chart
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In the news
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Recent filings
Other Events
Items 8.01, 9.01
424B5 filing
Financial Statements and Exhibits
Items 9.01
10-Q filing
SCHEDULE 13G filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,776,030,000Source | 2,896,230,000Source | 2,939,248,000Source | 3,022,270,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 25,012,000Source | 26,576,000Source | 30,703,000Source | 34,844,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 36,110,000Source | 40,637,000Source | 37,837,000Source | 51,255,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 32,028,000Source | 33,309,000Source | 34,814,000Source | 35,023,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,502,059,000Source | 1,511,184,000Source | 1,542,552,000Source | 1,564,101,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,088,000Source | 1,084,000Source | 1,076,000Source | 1,069,000Source |
| Additional Paid in CapitalUSD | 1,264,470,000Source | 1,246,225,000Source | 1,238,896,000Source | 1,232,302,000Source |
| Retained Earnings (Accumulated Deficit)USD | -405,622,000Source | -347,041,000Source | -339,848,000Source | -288,200,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 2,115,000Source | 9,173,000Source | 10,967,000Source | 14,538,000Source |
| Stockholders' Equity Attributable to ParentUSD | 862,155,000Source | 909,545,000Source | 911,195,000Source | 959,813,000Source |
| Liabilities and EquityUSD | 2,776,030,000Source | 2,896,230,000Source | 2,939,248,000Source | 3,022,270,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 361,597,000Source | 425,282,000Source | 435,282,000Source | 448,137,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | — | 4,000Source | — |
| Long-term DebtUSD | 1,394,014,000Source | 1,396,710,000Source | 1,430,668,000Source | 1,451,796,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 50,219,000Source | 50,219,000Source | 50,219,000Source | 50,219,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -11,677,000Source | 38,891,000Source | -28,116,000Source | 1,217,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,793,000Source | 8,132,000Source | 7,742,000Source | 8,446,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,024,000Source | -2,724,000Source | 334,000Source | 7,257,000Source |
| Increase (Decrease) in Accounts PayableUSD | 225,000Source | 2,513,000Source | -380,000Source | -438,000Source |
| Deferred Income Tax Expense (Benefit)USD | -331,000Source | 762,000Source | 84,000Source | -59,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 149,030,000Source | 166,323,000Source | 153,641,000Source | 169,615,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -43,387,000Source | -71,499,000Source | -101,958,000Source | -290,513,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,617,000Source | 939,000Source | 1,388,000Source | 2,456,000Source |
| Payments for Repurchase of Common StockUSD | 15,402,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -112,789,000Source | -94,234,000Source | -65,723,000Source | 85,762,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 38,989,000Source | 36,875,000Source | 26,945,000Source | 10,048,000Source |
| Repayments of Long-term DebtUSD | 93,300,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,146,000Source | 590,000Source | -14,040,000Source | -35,136,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 41,212,000Source | 48,358,000Source | 47,768,000Source | 61,808,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 74,978,000Source | 78,920,000Source | 78,886,000Source | 58,409,000Source |
| Income Taxes Paid, NetUSD | 1,091,000Source | 2,027,000Source | 2,674,000Source | 3,742,000Source |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | 700,000Source | 700,000Source | 600,000Source | 700,000Source |
| Amortization of Debt Issuance CostsUSD | 6,884,000Source | 6,582,000Source | 5,910,000Source | 5,708,000Source |
| Amortization of Intangible AssetsUSD | 1,600,000Source | 3,300,000Source | 4,100,000Source | 4,000,000Source |
| DepreciationUSD | — | — | — | 149,500,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | 1,800,000Source | 300,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | -337,000Source | 20,315,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 6,579,000Source | 28,912,000Source | -337,000Source | 20,315,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 3,000,000Source | — | — |
| General and Administrative ExpenseUSD | 32,816,000Source | 31,891,000Source | 32,530,000Source | 30,765,000Source |
| Income Tax Expense (Benefit)USD | 842,000Source | -8,743,000Source | 2,798,000Source | 3,611,000Source |
| InterestExpenseNonoperatingUSD | 80,692,000Source | 82,632,000Source | — | — |
| Investment Income, InterestUSD | 1,178,000Source | 1,906,000Source | 1,688,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -6,610,000Source | -4,751,000Source | -18,627,000Source | -249,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -23,954,000Source | 24,833,000Source | -27,990,000Source | -16,929,000Source |
| Nonoperating Income (Expense)USD | -76,520,000Source | -73,342,000Source | -84,105,000Source | -62,954,000Source |
| Other Nonoperating Income (Expense)USD | 2,994,000Source | 4,384,000Source | 1,005,000Source | 2,627,000Source |
| Payments of Financing CostsUSD | 10,267,000Source | 3,511,000Source | 10,383,000Source | 7,441,000Source |
| Proceeds from Contributions from AffiliatesUSD | 944,000Source | 22,497,000Source | 20,592,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 204,125,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | — | -1,100,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 729,472,000Source | 731,783,000Source | 736,127,000Source | 675,695,000Source |
| Operating Income (Loss)USD | 65,685,000Source | 103,490,000Source | 58,787,000Source | 67,782,000Source |
| Other Nonoperating Income (Expense)USD | 2,994,000Source | 4,384,000Source | 1,005,000Source | 2,627,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,835,000Source | 30,148,000Source | -25,318,000Source | 4,828,000Source |
| Income Tax Expense (Benefit)USD | 842,000Source | -8,743,000Source | 2,798,000Source | 3,611,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -6,610,000Source | -4,751,000Source | -18,627,000Source | -249,000Source |
| Earnings Per Share, BasicUSD per share | -0.22Source | 0.23Source | -0.27Source | -0.16Source |
| Earnings Per Share, DilutedUSD per share | -0.22Source | 0.22Source | -0.27Source | -0.16Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 106,850,000Source | 105,927,000Source | 105,548,000Source | 105,142,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 106,850,000Source | 132,365,000Source | 105,548,000Source | 105,142,000Source |
| Interest Expense (non-operating)USD | 80,692,000Source | 82,632,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,600,000Source | 3,300,000Source | 4,100,000Source | 4,000,000Source |
| Business Combination, Acquisition Related CostsUSD | 0Source | 10,000Source | 13,000Source | 749,000Source |
| Costs and ExpensesUSD | 670,366,000Source | 657,205,000Source | 677,003,000Source | 628,228,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 149,610,000Source | 146,436,000Source | 150,924,000Source | 150,160,000Source |
| General and Administrative ExpenseUSD | 32,816,000Source | 31,891,000Source | 32,530,000Source | 30,765,000Source |
| Interest ExpenseUSD | — | — | 86,798,000Source | 65,581,000Source |
| Investment Income, InterestUSD | 1,178,000Source | 1,906,000Source | 1,688,000Source | — |
| Management Fee ExpenseUSD | 15,760,000Source | 15,866,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -23,954,000Source | 24,833,000Source | -27,990,000Source | -16,929,000Source |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD | — | — | -3,803,000Source | 2,570,000Source |
| Nonoperating Income (Expense)USD | -76,520,000Source | -73,342,000Source | -84,105,000Source | -62,954,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 15,875,000Source | 15,875,000Source | 15,875,000Source | 15,875,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | -2,938,000Source | 4,056,000Source | — | 0Source |