v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 199,019 $ 192,917 $ 384,072 $ 377,395
Expenses:        
Property taxes, insurance and other 13,571 13,706 27,455 27,017
Management fees 4,366 4,411 8,587 8,906
Depreciation and amortization 36,413 37,259 73,187 74,489
Corporate general and administrative 7,415 8,280 16,260 16,851
Loss on write-down of assets 0 0 3,641 0
Total expenses 170,268 170,153 341,150 334,805
Gain (loss) on disposal of assets, net 134 (80) 94 (79)
Operating income 28,885 22,684 43,016 42,511
Other income (expense):        
Interest expense (22,068) (20,628) (42,518) (40,584)
Interest income 301 301 547 577
Other income, net 1,187 858 2,239 2,088
Total other expense, net (20,580) (19,469) (39,732) (37,919)
Income from continuing operations before income taxes 8,305 3,215 3,284 4,592
Income tax benefit (expense) (Note 13) 1,430 (1,178) 538 (1,932)
Net income 9,735 2,037 3,822 2,660
Less - Income (loss) attributable to non-controlling interests 1,243 (976) 1,144 (296)
Net income attributable to Summit Hotel Properties, Inc. before preferred dividends 8,492 3,013 2,678 2,956
Less - Distributions to and accretion of redeemable non-controlling interests (657) (657) (1,314) (1,314)
Less - Preferred dividends (3,968) (3,968) (7,938) (7,938)
Net income (loss) attributable to common stockholders $ 3,867 $ (1,612) $ (6,574) $ (6,296)
Income (loss) per common share:        
Basic (in dollars per share) $ 0.04 $ (0.02) $ (0.06) $ (0.06)
Diluted (in dollars per share) $ 0.04 $ (0.02) $ (0.06) $ (0.06)
Weighted-average common shares outstanding:        
Basic (in shares) 104,768 107,633 105,241 107,820
Diluted (in shares) 106,181 107,633 105,241 107,820
Room        
Revenues:        
Total revenues $ 176,137 $ 170,599 $ 338,701 $ 334,330
Expenses:        
Cost of goods and services sold 39,352 39,166 75,699 75,298
Food and beverage        
Revenues:        
Total revenues 11,098 11,195 22,558 22,185
Expenses:        
Cost of goods and services sold 8,480 8,388 17,000 16,379
Other        
Revenues:        
Total revenues 11,784 11,123 22,813 20,880
Expenses:        
Cost of goods and services sold $ 60,671 $ 58,943 $ 119,321 $ 115,865