Summit Hotel Properties, Inc. · NYSE:INN
Summit Hotel Properties — Q2 2026 Earnings Presentation
31 slides from Summit Hotel Properties's earnings presentation, Aug 6, 2026
Slide 1: Earnings Release Supplement Second Quarter 2026
Earnings Release Supplement Second Quarter 2026 (UNAUDITED) August 5, 2026
Slide 2: Table of Contents
Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section V Asset Listing
Slide 3: Forward-Looking Statements
Forward-Looking Statements We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans,
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures We disclose certain “non-GAAP financial measures,” which are measures of our historical financial performance. Non-GAAP financial measures are financial measures not prescribed by Generally Accepted Accounting Principles ("GAAP"). These measures are as follows: (i) Funds
Slide 5: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) EBITDAre and Adjusted EBITDAre In September 2017, Nareit proposed a standardized performance measure, called EBITDAre, which is based on EBITDA and is expected to provide additional relevant information about REITs as real estate companies in support of growing in
Slide 6: Table of Contents
Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section V Asset Listing
Slide 7: Summary Financial Results (Unaudited)
Summary Financial Results (Unaudited) (Amounts in thousands, except per share metrics and statistics) For the Three Months Ended For the Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net income (loss) attributable to common stockholders $ 3,867 $ (1,612) $ (6,574) $ (6,296) Net income (loss
Slide 8: Summary Pro Forma Operating Results (Unaudited)
Summary Pro Forma Operating Results (Unaudited) (Amounts in thousands, except operating statistics) Trailing Twelve Months 2025 2026 Ended Pro Forma Operating Data: (1) Q3 Q4 Q1 Q2 June 30, 2026 Pro forma room revenue $ 153,213 $ 151,612 $ 162,052 $ 176,137 $ 643,014 Pro forma other hotel operations
Slide 9: Adjusted EBITDAre Reconciliation (Unaudited)
Adjusted EBITDAre Reconciliation (Unaudited) (Amounts in thousands) For the Three Months Ended For the Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net income $ 9,735 $ 2,037 $ 3,822 $ 2,660 Depreciation and amortization 36,413 37,259 73,187 74,489 Interest expense 22,068 20,628 42,518 40,
Slide 10: Adjusted FFO Reconciliation (Unaudited)
Adjusted FFO Reconciliation (Unaudited) (Amounts in thousands, except per share metrics) For the Three Months Ended For the Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net income $ 9,735 $ 2,037 $ 3,822 $ 2,660 Preferred dividends (3,968) (3,968) (7,938) (7,938) Distributions to and accre
Slide 11: Reconciliation to Adjusted EBITDAre - By Ownership Interest (Unaudited)
Reconciliation to Adjusted EBITDAre - By Ownership Interest (Unaudited) (Amounts in thousands, except statistics) Summit GIC Other GIC JV Other JVs Wholly-Owned Joint Venture (1) Joint Ventures (1) Combined Pro Rata Adj Pro Rata Adj Pro Rata For The Three Months Ended June 30, 2026 2025 2026 2025 20
Slide 12: Reconciliation to Adjusted EBITDAre - By Ownership Interest (Unaudited)
Reconciliation to Adjusted EBITDAre - By Ownership Interest (Unaudited) (Amounts in thousands, except statistics) Summit GIC Other GIC JV Other JVs Wholly-Owned Joint Venture (2) Joint Ventures (2) Combined Pro Rata Adj Pro Rata Adj Pro Rata For The Six Months Ended June 30, 2026 2025 2026 2025 2026
Slide 13: Reconciliation to Adjusted FFO - By Ownership Interest (Unaudited)
Reconciliation to Adjusted FFO - By Ownership Interest (Unaudited) (Amounts in thousands, except per share metrics) Summit GIC Other GIC JV Other JVs Wholly-Owned Joint Venture (1) Joint Ventures (1) Combined Pro Rata Adj Pro Rata Adj Pro Rata For The Three Months Ended June 30, 2026 2025 2026 2025
Slide 14: Reconciliation to Adjusted FFO - By Ownership Interest (Unaudited)
Reconciliation to Adjusted FFO - By Ownership Interest (Unaudited) (Amounts in thousands, except per share metrics) Summit GIC Other GIC JV Other JVs Wholly-Owned Joint Venture (1) Joint Ventures (1) Combined Pro Rata Adj Pro Rata Adj Pro Rata For The Six Months Ended June 30, 2026 2025 2026 2025 20
Slide 15: Full Year 2026 Outlook (Unaudited)
Full Year 2026 Outlook (Unaudited) (Amounts in thousands, except per share metrics and statistics) The Company’s updated outlook for the full year 2026 is based on 92 lodging assets owned as of August 5, 2026. Our previous guidance ranges incorporated ownership of the recently sold Courtyard by Marr
Slide 16: Table of Contents
Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section V Asset Listing
Slide 17: Pro Forma Operating Results - By Ownership Interest (Unaudited)
Pro Forma Operating Results - By Ownership Interest (Unaudited) (Amounts in thousands, except statistics) INN Wholly-Owned GIC Joint Venture Other Joint Ventures Pro Forma (52 Hotels) (39 Hotels) (3 Hotels) (94 Hotels) For The Three Months Ended June 30, 2026 2025 2026 2025 2026 2025 2026 2025 Pro F
Slide 18: Pro Forma Operating Results - By Ownership Interest (Unaudited)
Pro Forma Operating Results - By Ownership Interest (Unaudited) (Amounts in thousands, except statistics) INN Wholly-Owned GIC Joint Venture Other Joint Ventures Pro Forma (52 Hotels) (39 Hotels) (3 Hotels) (94 Hotels) For The Six Months Ended June 30, 2026 2025 2026 2025 2026 2025 2026 2025 Pro For
Slide 19: Table of Contents
Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section V Asset Listing
Slide 20: Capitalization - Total Enterprise Value (Unaudited)
Capitalization - Total Enterprise Value (Unaudited) (Amounts in thousands, except common share price & dividends) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Common Share Price & Dividends At quarter ended $ 7.01 $ 4.42 $ 4.87 $ 5.49 $ 5.09 High during quarter end
Slide 21: Debt Schedule - Part I (Unaudited)
Debt Schedule - Part I (Unaudited) (Amounts in thousands except for number of properties) Number of Non- Pro Rata Base Interest Fixed/ Fully-Extended Encumbered Principal controlling Principal As of June 30, 2026 Spread Rate Rate Variable Maturity Date Properties Outstanding Interests Outstanding Se
Slide 22: Debt Schedule - Part II (Unaudited)
Debt Schedule - Part II (Unaudited) (Amounts in thousands) Principal Amount Fixed Debt Variable Debt Effective As of June 30, 2026 Outstanding Outstanding Outstanding Interest Rate Total Debt $ 1,389,084 $ 17,654 $ 1,371,430 5.79 % Non-controlling Interests in Joint Ventures (324,832) (8,651) (316,1
Slide 23: Debt Schedule - Part III (Unaudited)
Debt Schedule - Part III (Unaudited) Pro Rata Debt Maturity Ladder at June 30, 2026 (1) $600 $500 $195.6 $400 $300 $52.2 $200 $200.0 $6.2 $275.0 $100 $200.0 $127.5 $5.0 $2.8 $0 2026 2027 2028 2029 2030 2031 2032 + $400M Senior Revolver $50M Delayed Draw Term Loan 2025 Delayed Draw Term Loan $200M Se
Slide 24: Table of Contents
Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section V Asset Listing
Slide 25: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location INN Wholly-Owned (100% Ownership) Hyatt Place - Denver South/Park Meadows 1 127 Upscale Suburban Hyatt Place - Denver Tech Center 1 126 Upscale Suburban Hyatt Place - Scottsdale/Old Town 1 126 Upscale Resort Holiday Inn Express & Su
Slide 26: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location INN Wholly-Owned (100% Ownership), (cont.) SpringHill Suites - Louisville Downtown 1 198 Upscale Urban SpringHill Suites - Indianapolis Downtown 1 156 Upscale Urban Courtyard - Indianapolis Downtown 1 297 Upscale Urban Hampton Inn &
Slide 27: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location INN Wholly-Owned (100% Ownership), (cont.) Courtyard - Charlotte City Center 1 182 Upscale Urban Hampton Inn & Suites - Baltimore Inner Harbor 1 116 Upper Midscale Urban Residence Inn - Baltimore Downtown/Inner Harbor 1 189 Upscale
Slide 28: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location GIC Joint Venture (51% Ownership) Courtyard - Scottsdale North 1 153 Upscale Resort Springhill Suites - Scottsdale North 1 121 Upscale Resort Hampton Inn & Suites - Tampa/Ybor City/Downtown 1 138 Upper Midscale Urban Homewood Suites
Slide 29: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location GIC Joint Venture (51% Ownership) AC Hotel - Dallas / Frisco 1 150 Upscale Suburban Residence Inn - Dallas / Frisco 1 150 Upscale Suburban Canopy Hotel - Dallas / Frisco Station 1 150 Upper Upscale Suburban Residence Inn - Tyler 1 1
Slide 30: Asset Listing (Unaudited)
Asset Listing (Unaudited) STR STR Hotels Rooms Chain Scale Location Other Joint Ventures (90% Ownership) AC Hotels by Marriott - Miami Brickell 1 156 Upscale Urban Element - Miami Brickell 1 108 Upscale Urban Onera - Fredericksburg 1 35 N/A Small Metro/Town Other Joint Ventures (90% Ownership) 3 299
Slide 31: Summit Hotel Properties
APX*SUMMIT HOTEL PROPERTIES
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