SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2025 DIVIDENDS

Rhea-AI Summary

Summit Hotel Properties (NYSE: INN) declared cash dividends for the third quarter ended September 30, 2025. The Board authorized a $0.08 per common share dividend, representing an annualized yield of 6.1% based on the October 30, 2025 close. The Board also declared preferred and partnership distributions: $0.390625 per share on 6.25% Series E preferred, $0.3671875 per share on 5.875% Series F preferred, and $0.328125 per unit on the operating partnership's 5.25% Series Z units for the period ending November 30, 2025. All dividends are payable on November 28, 2025 to holders of record as of November 14, 2025.

Positive

• Common dividend of $0.08 per share for Q3 2025
• Annualized yield of 6.1% based on Oct 30, 2025 close
• Series E preferred dividend $0.390625 for period ending Nov 30, 2025
• Dividends payable on Nov 28, 2025 to record holders of Nov 14, 2025

Negative

• Declared preferred and unit distributions create senior cash obligations
• Company cash outflow scheduled on Nov 28, 2025 for all declared dividends

AUSTIN, Texas, Oct. 31, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 6.1 percent based on the closing price of shares of the common stock on October 30, 2025.

The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2025, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2025.

Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on November 30, 2025.

The dividends are payable on November 28, 2025, to holders of record as of November 14, 2025.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of September 30, 2025, the Company's portfolio consisted of 97 assets, 53 of which are wholly owned, with a total of 14,577 guestrooms located in 25 states.

For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on X, formerly Twitter, at @SummitHotel_INN.

Forward Looking Statements

This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Summit Hotel Properties, Inc.

FAQ

What common dividend did Summit Hotel Properties (INN) declare for Q3 2025?

The Board declared a $0.08 per common share cash dividend for Q3 2025.

What annualized dividend yield does INN's Q3 2025 common dividend represent?

The Q3 common dividend represents an annualized yield of 6.1% based on the Oct 30, 2025 closing price.

When will INN pay the declared dividends and what is the record date?

All declared dividends are payable on November 28, 2025, to holders of record as of November 14, 2025.

What preferred and partnership distributions did Summit Hotel Properties (INN) declare for the period ending Nov 30, 2025?

Declared distributions include $0.390625 for Series E, $0.3671875 for Series F, and $0.328125 per unit for Series Z.

Does the INN dividend declaration affect Summit Hotel OP, LP unitholders?

Yes; the operating partnership declared a $0.328125 per unit distribution for the period ending Nov 30, 2025.