Stock Track | Summit Hotel Properties Plunges 8.36% in Pre-market on Disappointing Q4 Results and Outlook

Stock Track

25 Feb

Summit Hotel Properties (NYSE:INN) stock plummeted 8.36% in the pre-market session on Tuesday, following the release of its fourth-quarter 2024 results and full-year 2025 outlook after the market close on Monday.

The hotel real estate investment trust (REIT) reported adjusted funds from operations (AFFO) per share of $0.20 for Q4 2024, in line with estimates, but down from $0.22 in the prior-year quarter. For the full year 2024, AFFO per share grew 5.6% to $0.96, driven by revenue gains and effective cost management.

However, the company's outlook for 2025 was lackluster, with AFFO per share guidance ranging from $0.90 to $1.00, missing analysts' expectations. The disappointing guidance reflects concerns over slowing economic growth and its potential impact on travel demand.

Summit Hotel Properties attributed its positive 2024 performance to pro forma RevPAR growth that exceeded industry averages, successful capital recycling programs, and effective cost management. However, the company expects a moderate RevPAR growth environment in 2025, ranging from 1.0% to 3.0%, which could weigh on profitability.

Overall, the stock's pre-market plunge reflects investors' concerns over Summit Hotel Properties' outlook for 2025, despite its solid performance in 2024. The company's ability to drive RevPAR growth and maintain cost discipline will be crucial for its financial performance in the coming year.

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The company's ability to drive RevPAR growth and maintain cost discipline will be crucial for its financial performance in the coming year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Summit Hotel Properties Plunges 8.36% in Pre-market on Disappointing Q4 Results and Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Summit Hotel Properties Plunges 8.36% in Pre-market on Disappointing Q4 Results and Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-25 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Summit Hotel Properties (NYSE:INN) stock plummeted 8.36% in the pre-market session on Tuesday, following the release of its fourth-quarter 2024 results and full-year 2025 outlook after the market close on Monday.</p>\n\n<p>The hotel real estate investment trust (REIT) reported adjusted funds from operations (AFFO) per share of $0.20 for Q4 2024, in line with estimates, but down from $0.22 in the prior-year quarter. For the full year 2024, AFFO per share grew 5.6% to $0.96, driven by revenue gains and effective cost management.</p>\n\n<p>However, the company's outlook for 2025 was lackluster, with AFFO per share guidance ranging from $0.90 to $1.00, missing analysts' expectations. The disappointing guidance reflects concerns over slowing economic growth and its potential impact on travel demand.</p>\n\n<p>Summit Hotel Properties attributed its positive 2024 performance to pro forma RevPAR growth that exceeded industry averages, successful capital recycling programs, and effective cost management. However, the company expects a moderate RevPAR growth environment in 2025, ranging from 1.0% to 3.0%, which could weigh on profitability.</p>\n\n<p>Overall, the stock's pre-market plunge reflects investors' concerns over Summit Hotel Properties' outlook for 2025, despite its solid performance in 2024. The company's ability to drive RevPAR growth and maintain cost discipline will be crucial for its financial performance in the coming year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INN","symbol_name":"Summit Hotel Properties","start_time":0,"source_url":"","article_id":"1167126304","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167126304","pubTimestamp":1740475729,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Summit Hotel Properties  stock plummeted 8.36% in the pre-market session on Tuesday, following the release of its fourth-quarter 2024 results and full-year 2025 outlook after the market close on Monday.The hotel real estate investment trust  reported adjusted funds from operations  per share of $0.20 for Q4 2024, in line with estimates, but down from $0.22 in the prior-year quarter. For the full year 2024, AFFO per share grew 5.6% to $0.96, driven by revenue gains and effective cost management.H","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"INN":"Summit Hotel Properties"},"translate_title":"由于第四季度业绩和前景令人失望，Summit Hotel Properties盘前暴跌8.36%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INN":1},"content_text":"Summit Hotel Properties (NYSE:INN) stock plummeted 8.36% in the pre-market session on Tuesday, following the release of its fourth-quarter 2024 results and full-year 2025 outlook after the market close on Monday.\nThe hotel real estate investment trust (REIT) reported adjusted funds from operations (AFFO) per share of $0.20 for Q4 2024, in line with estimates, but down from $0.22 in the prior-year quarter. For the full year 2024, AFFO per share grew 5.6% to $0.96, driven by revenue gains and effective cost management.\nHowever, the company's outlook for 2025 was lackluster, with AFFO per share guidance ranging from $0.90 to $1.00, missing analysts' expectations. The disappointing guidance reflects concerns over slowing economic growth and its potential impact on travel demand.\nSummit Hotel Properties attributed its positive 2024 performance to pro forma RevPAR growth that exceeded industry averages, successful capital recycling programs, and effective cost management. However, the company expects a moderate RevPAR growth environment in 2025, ranging from 1.0% to 3.0%, which could weigh on profitability.\nOverall, the stock's pre-market plunge reflects investors' concerns over Summit Hotel Properties' outlook for 2025, despite its solid performance in 2024. The company's ability to drive RevPAR growth and maintain cost discipline will be crucial for its financial performance in the coming year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}