Summit Hotel Q1 revenue beats on higher average daily rates

Summit Hotel Properties

30/04/2026 21:41

Overview

U.S. lodging REIT's Q1 revenue beat analyst expectations

Adjusted FFO per share fell yr/yr to $0.21 from $0.22

Company agreed to sell two Dallas hotels for $19 mln and repurchased 1.4 mln shares

Outlook

Summit Hotel Properties raises low end and midpoint of 2026 guidance ranges

Company sees 2026 pro forma RevPAR growth of 0.5% to 3%

Summit Hotel Properties expects 2026 Adjusted EBITDAre of $170 mln to $181 mln

Result Drivers

RATE-DRIVEN REVENUE - Co said Q1 revenue growth was driven by higher average daily rates across markets and segments

SEQUENTIAL DEMAND IMPROVEMENT - Co cited sequential improvements in demand within the quarter, with March RevPAR growth over 4%

Company press release: ID:nPnc1CNl8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$185.05 mln
$181.38 mln (4 Analysts)
Q1 EPS
-$0.10
Q1 Net Income
-$10.44 mln
Q1 Adjusted FFO Per Share
$0.21
Q1 FFO Per Share
$0.17
Q1 Hotel EBITDA Margin
34.40%
Q1 RevPAR
$126.57


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Summit Hotel Properties Inc is $5.50, about 10.2% above its April 29 closing price of $4.99

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)