Summit Hotel Properties: Q2 Earnings Snapshot
AUSTIN, Texas — AUSTIN, Texas — Summit Hotel Properties Inc. (INN) on Wednesday reported a key measure of profitability in its second quarter. The ...
August 8, 2023
6:10 AM
AUSTIN, Texas — AUSTIN, Texas — Summit Hotel Properties Inc. (INN) on Wednesday reported a key measure of profitability in its second quarter. The Austin, Texas-based real estate investment trust said it had funds from operations of $33.2 million, or 27 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $753,000, or 1 cent per share.
Associated Press