Summit Hotel Properties, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting financial results for the three and nine months ended that date.

Key Highlights

  • Total revenues for Q3 2026: $185,706 thousand, up from $177,117 thousand in Q3 2025, according to the filing.
  • Net loss for the nine months ended September 30, 2026: $(1,361) thousand, compared to $(9,100) thousand for the same period in 2025.
  • Net loss attributable to common stockholders: $(7,655) thousand for Q3 2026, or $(0.07) per basic and diluted share.
  • Total assets as of September 30, 2026: $2,719,960 thousand, versus $2,776,030 thousand at December 31, 2025.
  • Debt, net of issuance costs: $1,367,695 thousand at September 30, 2026, down from $1,394,014 thousand at December 31, 2025.
  • Common shares outstanding: 107,852,396 as of October 23, 2026, per the filing cover page.
  • Loss per common share (nine months): $(0.14) basic and diluted for the nine months ended September 30, 2026, compared to $(0.17) for the same period in 2025.

Summit Hotel Properties Reports Q3 2026 Revenue Gains and Reduced Annual Net Loss

According to the filing, Summit Hotel Properties, Inc. (NYSE:INN), a Maryland-incorporated real estate investment trust headquartered in Austin, Texas, reported total revenues of $185,706 thousand for the three months ended September 30, 2026, compared to $177,117 thousand for the same period in 2025. For the nine months ended September 30, 2026, total revenues were $569,778 thousand, up from $554,512 thousand in the prior-year period. Room revenues accounted for $163,166 thousand and $501,867 thousand for the three- and nine-month periods, respectively, the company disclosed.

The filing reported a net loss of $(5,183) thousand for Q3 2026, compared to $(11,760) thousand for Q3 2025. For the nine-month period, the net loss was $(1,361) thousand versus $(9,100) thousand a year earlier. After deducting preferred dividends of $(3,968) thousand for Q3 2026 and distributions to and accretion of redeemable non-controlling interests of $(656) thousand, the net loss attributable to common stockholders for Q3 2026 was $(7,655) thousand, or $(0.07) per basic and diluted share. Total interest expense for the nine months ended September 30, 2026 was $(64,444) thousand, compared to $(61,260) thousand in the prior-year period, according to the filing.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $2,719,960 thousand, with investments in lodging property, net, of $2,522,801 thousand. Total liabilities were $1,495,548 thousand and total stockholders' equity was $826,730 thousand. The filing also noted accumulated deficit and distributions in excess of retained earnings of $(445,330) thousand at September 30, 2026, versus $(405,622) thousand at December 31, 2025. A loss on write-down of assets of $3,641 thousand was recorded for the nine months ended September 30, 2026, with no comparable amount in the prior-year period.

What Was Disclosed

Summit Hotel Properties filed a 10-Q for the period ended September 30, 2026, disclosing quarterly and year-to-date income statement results, balance sheet data, and share counts, including a reduced nine-month net loss compared to the prior year and modestly higher revenues across all categories.