Summit Hotel Properties (INN)
Market Price (9/26/2026): $5.745 | Market Cap: $601.9 MilSector: Real Estate | Industry: Hotel & Resort REITs
Summit Hotel Properties (INN)
Market Price (9/26/2026): $5.745Market Cap: $601.9 MilSector: Real EstateIndustry: Hotel & Resort REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, Dividend Yield is 6.4%, FCF Yield is 26% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more. | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -56% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 226% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4% Key risksINN key risks include [1] declining RevPAR and widening net losses, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, Dividend Yield is 6.4%, FCF Yield is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -56% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 226% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4% |
| Key risksINN key risks include [1] declining RevPAR and widening net losses, Show more. |
Qualitative Assessment
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Summit Hotel Properties (INN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance Counterbalanced by Broader Industry Outlook. Summit Hotel Properties reported robust results for fiscal Q2 2026, which ended June 30, 2026, announcing a 27.3% increase in operating income to $28.9 million and a 7.7% rise in Adjusted EBITDAre to $54.8 million. The company also saw pro forma RevPAR grow by 5.0%, driven by a 7.1% increase in average daily rate (ADR), and subsequently raised its full-year 2026 guidance. This positive company-specific performance was likely tempered by industry-wide forecasts predicting a deceleration in U.S. hotel RevPAR growth to +2.1% in 2027, following a recovery-driven 2026, which may have introduced caution regarding future growth momentum.
2. Strengthened Balance Sheet Offset by Persistent Macroeconomic Uncertainties. The company enhanced its financial position by successfully refinancing its $650 million senior unsecured credit facility in June 2026, extending its maturity to June 2031 and improving borrowing costs by 20 basis points. This action significantly strengthened the balance sheet, providing immediate interest savings and extending debt maturities until 2028. However, the broader market remained subject to macroeconomic uncertainties, including potential government shutdowns, lingering concerns about corporate demand affected by mid-term elections, and geopolitical risks such as a "war with Iran" and "uncertainty regarding tariffs," which may have created a cautious investment environment.
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Summit Hotel Properties (INN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance Counterbalanced by Broader Industry Outlook. Summit Hotel Properties reported robust results for fiscal Q2 2026, which ended June 30, 2026, announcing a 27.3% increase in operating income to $28.9 million and a 7.7% rise in Adjusted EBITDAre to $54.8 million. The company also saw pro forma RevPAR grow by 5.0%, driven by a 7.1% increase in average daily rate (ADR), and subsequently raised its full-year 2026 guidance. This positive company-specific performance was likely tempered by industry-wide forecasts predicting a deceleration in U.S. hotel RevPAR growth to +2.1% in 2027, following a recovery-driven 2026, which may have introduced caution regarding future growth momentum.
2. Strengthened Balance Sheet Offset by Persistent Macroeconomic Uncertainties. The company enhanced its financial position by successfully refinancing its $650 million senior unsecured credit facility in June 2026, extending its maturity to June 2031 and improving borrowing costs by 20 basis points. This action significantly strengthened the balance sheet, providing immediate interest savings and extending debt maturities until 2028. However, the broader market remained subject to macroeconomic uncertainties, including potential government shutdowns, lingering concerns about corporate demand affected by mid-term elections, and geopolitical risks such as a "war with Iran" and "uncertainty regarding tariffs," which may have created a cautious investment environment.
3. Strategic Capital Recycling and Portfolio Management. Summit Hotel Properties continued its strategic capital allocation by completing the sale of two wholly-owned hotels for a combined $19.0 million in July 2026, subsequent to the end of fiscal Q2 2026. This capital recycling initiative aimed to reduce leverage, build capacity for future growth, and enhance the overall quality of its portfolio. While a long-term positive, the short-term market impact of asset dispositions, alongside the company's declaration of a consistent quarterly cash dividend of $0.08 per common share (representing an annualized yield of 4.6%), likely contributed to maintaining the stock's relatively stable trading range by balancing growth prospects with investor returns.
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Stock Movement Drivers
Fundamental Drivers
The 0.8% change in INN stock from 5/31/2026 to 9/25/2026 was primarily driven by a 0.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.69 | 5.74 | 0.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 730 | 736 | 0.8% |
| P/S Multiple | 0.8 | 0.8 | -0.9% |
| Shares Outstanding (Mil) | 106 | 105 | 0.9% |
| Cumulative Contribution | 0.8% |
Market Drivers
5/31/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| INN | 0.8% | |
| Market (SPY) | 2.2% | 12.9% |
| Sector (XLRE) | -4.7% | 25.7% |
Fundamental Drivers
The 30.9% change in INN stock from 2/28/2026 to 9/25/2026 was primarily driven by a 28.4% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.38 | 5.74 | 30.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 729 | 736 | 0.9% |
| P/S Multiple | 0.6 | 0.8 | 28.4% |
| Shares Outstanding (Mil) | 106 | 105 | 1.1% |
| Cumulative Contribution | 30.9% |
Market Drivers
2/28/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| INN | 30.9% | |
| Market (SPY) | 13.0% | 22.2% |
| Sector (XLRE) | -3.7% | 30.6% |
Fundamental Drivers
The 11.3% change in INN stock from 8/31/2025 to 9/25/2026 was primarily driven by a 7.0% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.16 | 5.74 | 11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 727 | 736 | 1.2% |
| P/S Multiple | 0.8 | 0.8 | 7.0% |
| Shares Outstanding (Mil) | 108 | 105 | 2.7% |
| Cumulative Contribution | 11.3% |
Market Drivers
8/31/2025 to 9/25/2026| Return | Correlation | |
|---|---|---|
| INN | 11.3% | |
| Market (SPY) | 20.9% | 27.8% |
| Sector (XLRE) | 1.6% | 33.9% |
Fundamental Drivers
The 16.3% change in INN stock from 8/31/2023 to 9/25/2026 was primarily driven by a 14.0% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.94 | 5.74 | 16.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 727 | 736 | 1.2% |
| P/S Multiple | 0.7 | 0.8 | 14.0% |
| Shares Outstanding (Mil) | 106 | 105 | 0.8% |
| Cumulative Contribution | 16.3% |
Market Drivers
8/31/2023 to 9/25/2026| Return | Correlation | |
|---|---|---|
| INN | 16.3% | |
| Market (SPY) | 77.8% | 53.6% |
| Sector (XLRE) | 24.4% | 47.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INN Return | 8% | -25% | -4% | 7% | -25% | 23% | -23% |
| Peers Return | 18% | -15% | 13% | -9% | -13% | 59% | 42% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| INN Win Rate | 50% | 42% | 33% | 67% | 50% | 44% | |
| Peers Win Rate | 47% | 43% | 53% | 38% | 48% | 71% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| INN Max Drawdown | -25% | -36% | -37% | -15% | -45% | -20% | |
| Peers Max Drawdown | -22% | -34% | -28% | -25% | -34% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APLE, RLJ, CLDT, PEB, HST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | INN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -43.0% | -18.8% |
| % Gain to Breakeven | 75.4% | 23.1% |
| Time to Breakeven | 427 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.8% | -9.5% |
| % Gain to Breakeven | 13.3% | 10.5% |
| Time to Breakeven | 6 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.6% | -6.7% |
| % Gain to Breakeven | 34.3% | 7.1% |
| Time to Breakeven | 1099 days | 31 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.1% | -12.2% |
| % Gain to Breakeven | 33.5% | 13.9% |
| Time to Breakeven | 107 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -11.2% | -6.8% |
| % Gain to Breakeven | 12.6% | 7.3% |
| Time to Breakeven | 37 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -40.4% | -17.9% |
| % Gain to Breakeven | 67.8% | 21.8% |
| Time to Breakeven | 583 days | 123 days |
In The Past
Summit Hotel Properties's stock fell -43.0% during the 2025 US Tariff Shock. Such a loss loss requires a 75.4% gain to breakeven.
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Asset Allocation
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| Event | INN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -43.0% | -18.8% |
| % Gain to Breakeven | 75.4% | 23.1% |
| Time to Breakeven | 427 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.6% | -6.7% |
| % Gain to Breakeven | 34.3% | 7.1% |
| Time to Breakeven | 1099 days | 31 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.1% | -12.2% |
| % Gain to Breakeven | 33.5% | 13.9% |
| Time to Breakeven | 107 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -40.4% | -17.9% |
| % Gain to Breakeven | 67.8% | 21.8% |
| Time to Breakeven | 583 days | 123 days |
In The Past
Summit Hotel Properties's stock fell -43.0% during the 2025 US Tariff Shock. Such a loss loss requires a 75.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Summit Hotel Properties (INN)
Summit Hotel Properties (INN) is a Real Estate Investment Trust (REIT) focused on the lodging industry. The company specializes in owning and investing in hotel properties that are premium-branded and designed for efficient operations. As a REIT, its business model primarily involves generating revenue from its portfolio of hotel assets.
The company primarily targets the Upscale segment of the lodging market. Its hotels provide quality accommodations and services to a diverse range of guests, including business and leisure travelers, who seek reputable brands and reliable stays. By concentrating on this segment, Summit Hotel Properties aims to capture consistent demand and operational profitability.
As of November 2020, Summit Hotel Properties commanded a significant portfolio comprising 72 hotels with a total of 11,288 guestrooms. These properties are strategically located across 23 states, providing the company with a broad geographic footprint and diversification within the U.S. hotel real estate market.
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Here are 1-3 brief analogies for Summit Hotel Properties (INN):
- Simon Property Group for hotels. (Simon Property Group is a major REIT known for owning shopping malls; INN owns a portfolio of hotels.)
- Invitation Homes for hotels. (Invitation Homes is a leading REIT that owns and rents out single-family homes; INN owns a portfolio of hotels.)
- Realty Income for upscale hotels. (Realty Income is a well-known REIT that owns a diverse portfolio of commercial properties; INN focuses specifically on premium-branded upscale hotels.)
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- Hotel Lodging: Summit Hotel Properties provides overnight accommodation and related hospitality services to guests through its portfolio of upscale, premium-branded hotels.
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Summit Hotel Properties (INN) sells primarily to individuals. Its major customer categories include:
- Leisure Travelers: Individuals and families booking rooms for vacations, tourism, or personal travel.
- Business Travelers: Professionals staying for corporate events, meetings, or individual business trips.
- Group Travelers: Organized groups such as corporate event attendees, sports teams, wedding parties, or tour groups.
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- Marriott International (MAR)
- Hilton Worldwide Holdings (HLT)
- Hyatt Hotels Corporation (H)
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Jonathan P. Stanner, President and Chief Executive Officer
Mr. Stanner serves as President and Chief Executive Officer of Summit Hotel Properties, a position he assumed in January 2021. He initially joined the company in April 2017 as Executive Vice President and Chief Investment Officer, and later served as Executive Vice President, Chief Financial Officer, and Treasurer from March 2018 to January 2021. Before joining Summit Hotel Properties, Mr. Stanner was the Chief Executive Officer of Strategic Hotels & Resorts, Inc. Strategic Hotels & Resorts, a former NYSE-listed company, was acquired by an affiliate of The Blackstone Group L.P. in 2015. During his tenure at Strategic Hotels & Resorts from 2005 to 2015, he also held other senior roles including Chief Financial Officer, Senior Vice President - Capital Markets, Acquisitions, and Treasurer. Prior to Strategic Hotels, Mr. Stanner worked as an investment banking analyst for Banc of America Securities.
William ("Trey") H. Conkling, Executive Vice President and Chief Financial Officer
Mr. Conkling joined Summit Hotel Properties as Executive Vice President and Chief Financial Officer in May 2021. Prior to his role at Summit, he was a Managing Director in the Real Estate, Gaming & Lodging Investment Banking group for Bank of America Merrill Lynch, where he oversaw the execution of over $190 billion in capital markets and mergers and acquisitions transactions. He also previously worked with the investment banking unit of Bear, Stearns & Co. and in asset management for Host Hotels & Resorts.
Paul Ruiz, Senior Vice President and Chief Accounting Officer
Mr. Ruiz joined Summit Hotel Properties in April 2014 and currently serves as the Senior Vice President and Chief Accounting Officer. He also served as the Company's interim Chief Financial Officer from May 2014 to October 2014. His career includes serving in senior executive financial, accounting, and operational roles such as Chief Financial Officer, Chief Operating Officer, and Chief Accounting Officer for various companies across industries including real estate and technology. Immediately before Summit, he was the Senior Director of Global Corporate Accounting for Freescale Semiconductor, Inc. (now NXP).
Christopher R. Eng, Executive Vice President, General Counsel, Chief Risk Officer and Secretary
Mr. Eng serves as the Executive Vice President, General Counsel, Chief Risk Officer, and Secretary for Summit Hotel Properties, where he manages the company's legal affairs. His background prior to joining Summit Hotel Properties involved serving as an Assistant Vice President and Trust Officer for The First National Bank in Sioux Falls.
Adam Wudel, Senior Vice President of Finance & Capital Markets
Mr. Wudel is the Senior Vice President of Finance & Capital Markets at Summit Hotel Properties.
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Key Risks to Summit Hotel Properties (INN)
- Financing and Leverage Risks: Summit Hotel Properties faces significant risks related to its outstanding indebtedness and the potential inability to refinance or extend existing debt maturities. The company is exposed to increased interest rates, which can substantially impact its financial position and debt service costs. Recent reports indicate challenges with interest payments not being well covered by earnings, contributing to a net loss for the fiscal year 2025. This necessitates strategic actions such as asset sales to manage debt pressure and enhance liquidity.
- Cyclical Lodging Demand and Declining Revenue Per Available Room (RevPAR): The company's performance is highly sensitive to the cyclicality of the lodging industry. Summit Hotel Properties has experienced declines in same-store RevPAR, which is a key metric for hotel performance. This decline has been attributed to factors such as reduced government-related and inbound international travel demand. A decrease in RevPAR directly impacts the company's total revenue, net income, and Funds From Operations (FFO), as evidenced by a net loss and lower FFO in 2025.
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The addressable market for Summit Hotel Properties (INN) is primarily the U.S. upscale and upper-midscale hotel segment.
Based on market data for 2024, the U.S. hotels market was valued at approximately USD 263.21 billion. The luxury and upscale segments combined accounted for about 61% of this market. This suggests an addressable market size of approximately USD 160.55 billion for the luxury and upscale segments in the U.S. in 2024 (USD 263.21 billion * 0.61). Summit Hotel Properties, Inc. focuses on owning premium-branded hotels primarily in the upscale and upper-midscale segments of the lodging industry within the United States.
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Here are 3-5 expected drivers of future revenue growth for Summit Hotel Properties (INN) over the next 2-3 years:
- Growth in Average Daily Rate (ADR) and RevPAR: Summit Hotel Properties anticipates future revenue growth will be predominantly driven by increases in Average Daily Rate (ADR), contributing to an expected RevPAR (Revenue Per Available Room) growth ranging from 0% to 3% for 2026.
- Increased Demand from Special Events: The company is strategically positioned to benefit from significant special events, notably the FIFA World Cup in 2026, as it has hotel exposure in six of the host markets, which collectively account for nearly 60% of the matches played domestically.
- Recovery and Expansion of Corporate Transient and Group Travel: Management expresses optimism for strengthening fundamentals in 2026, supported by continued growth in both corporate transient and group demand, indicating a rebound in business travel and organized events.
- Strategic Portfolio Optimization through Capital Recycling: Summit Hotel Properties is actively engaged in a capital recycling program, which involves selling lower-growth, capital-intensive assets and redeploying the proceeds to enhance liquidity, reduce leverage, and invest in properties with higher growth and margin potential. This strategy aims to improve the overall quality and revenue-generating capacity of its portfolio.
- Expansion of Non-Room Revenue Streams: The company is focused on boosting ancillary revenue streams, such as reprogrammed breakfast offerings, marketplace sales, parking income, and resort and amenity fees. This growth in non-room revenue is expected to continue contributing positively to overall revenue.
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Capital Allocation Decisions for Summit Hotel Properties (INN)
Share Issuance
- In January 2021, Summit Hotel Properties launched and priced an underwritten public offering of $250.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2026, with an option for underwriters to purchase up to an additional $37.5 million. The net proceeds were intended to reduce outstanding indebtedness.
Outbound Investments
- Summit Hotel Properties actively engaged in a capital recycling program, selling 13 non-core hotels since 2023, which generated approximately $200 million in gross proceeds and reduced future capital expenditure needs by nearly $60 million.
- In the fourth quarter of 2025 and first quarter of 2026, the company sold three non-core hotels, generating over $51 million in proceeds and reducing near-term capital expenditure requirements by $13 million.
- During the fourth quarter of 2024, the company acquired the Hampton Inn Boston-Logan Airport and the Hilton Garden Inn Tysons Corner for $96 million.
Capital Expenditures
- Summit Hotel Properties spent approximately $75 million in consolidated capital expenditures in 2025, or $63 million on a pro rata basis.
- Over the last three years (roughly 2023-2025), the company invested more than $250 million in capital expenditures, focusing on catching up on deferred projects.
- For 2026, management anticipates pro rata capital expenditures to range between $55 million and $65 million, signaling a move towards a more sustainable and normalized investment pace.
Peer Outperformance in Hotel & Resort REITs
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| INN | Summit Hotel Properties | 0.4% | -112.5x | 9.1% | 23.0% | -29.6% | — |
| DRH | Diamondrock Hospitality | 2.4% | 16.7x | 61.7% | 79.1% | 49.8% | +79pp |
| APLE | Apple Hospitality REIT | 3.1% | 21.8x | 45.1% | 31.3% | 35.2% | +65pp |
| PK | Park Hotels & Resorts | -1.9% | -18.9x | 49.0% | 83.2% | 12.9% | +43pp |
| SHO | Sunstone Hotel Investors | 0.0% | 39.0x | 22.8% | 37.5% | 3.3% | +33pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 15 | 16.2% | 60.4% | 59.3% | WELL 213% · DHC 156% · CTRE 126% |
| Retail REITs | 22 | 8.7% | 39.4% | 30.6% | IVT 1490% · SKT 150% · SPG 100% |
| Real Estate Development | 6 | -16.8% | 22.6% | 19.1% | JOE 63% · AXR 49% · FOR 39% |
| Other Specialized REITs | 11 | 6.8% | 23.9% | 13.5% | IRM 204% · EPR 60% · LAMR 58% |
| Industrial REITs | 11 | 17.1% | 27.6% | 4.7% | EGP 38% · FR 32% · PLD 21% |
| Hotel & Resort REITs ← | 16 | 35.3% | 38.2% | 3.8% | HST 68% · RHP 64% · DRH 50% |
| Diversified REITs | 12 | 10.0% | 36.7% | -6.8% | CTO 72% · LXP 23% · WPC 20% |
| Single-Family Residential REITs | 4 | -3.7% | -0.1% | -17.8% | AMH -10% · ELS -15% · INVH -20% |
| Multi-Family Residential REITs | 13 | -3.7% | 6.9% | -22.0% | AIV 4% · ESS -1% · BRT -6% |
| Real Estate Services | 26 | -18.7% | -0.1% | -30.1% | REAX 783% · CHCI 289% · MLP 56% |
| Office REITs | 18 | -11.4% | 29.0% | -33.5% | PSTL 72% · CDP 52% · SLG -3% |
| Telecom Tower REITs | 3 | -12.8% | -11.6% | -47.6% | AMT -30% · SBAC -48% · CCI -52% |
Latest Trefis Analyses
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.77 |
| Mkt Cap | 1.9 |
| Rev LTM | 1,411 |
| Op Inc LTM | 122 |
| FCF LTM | 273 |
| FCF 3Y Avg | 277 |
| CFO LTM | 273 |
| CFO 3Y Avg | 277 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 2.0% |
| Rev Chg Q | 4.1% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 1.6% |
| Op Inc Chg 3Y Avg | -1.9% |
| Op Mgn LTM | 9.9% |
| Op Mgn 3Y Avg | 10.2% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 23.4% |
| CFO/Rev 3Y Avg | 22.6% |
| FCF/Rev LTM | 19.7% |
| FCF/Rev 3Y Avg | 21.1% |
Price Behavior
| Market Price | $5.74 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 02/09/2011 | |
| Distance from 52W High | -17.7% | |
| 50 Days | 200 Days | |
| DMA Price | $6.15 | $5.27 |
| DMA Trend | up | down |
| Distance from DMA | -6.7% | 8.9% |
| 3M | 1YR | |
| Volatility | 28.6% | 35.3% |
| Downside Capture | 97.74 | 70.52 |
| Upside Capture | -22.58 | 66.84 |
| Correlation (SPY) | -6.9% | 27.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.18 | -0.28 | 0.29 | 0.58 | 0.79 | 1.32 |
| Up Beta | 0.28 | -0.23 | 0.17 | 0.25 | 0.88 | 1.48 |
| Down Beta | -4.17 | -1.89 | -0.11 | 0.46 | 0.75 | 1.38 |
| Up Capture | -59% | -33% | 52% | 97% | 67% | 126% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 17 | 30 | 64 | 113 | 359 |
| Down Capture | 284% | 75% | 47% | 54% | 83% | 106% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 32 | 58 | 128 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INN | |
|---|---|---|---|---|
| INN | 7.6% | 35.2% | 0.26 | - |
| Sector ETF (XLRE) | 2.7% | 14.1% | -0.05 | 34.0% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 27.2% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 2.9% |
| Commodities (DBC) | 46.8% | 20.7% | 1.75 | -9.2% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 38.5% |
| Bitcoin (BTCUSD) | -25.5% | 44.8% | -0.53 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INN | |
|---|---|---|---|---|
| INN | -5.5% | 37.7% | -0.06 | - |
| Sector ETF (XLRE) | 1.0% | 19.1% | -0.05 | 51.1% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 57.8% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 4.4% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 12.9% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 56.3% |
| Bitcoin (BTCUSD) | 12.3% | 52.6% | 0.41 | 26.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INN | |
|---|---|---|---|---|
| INN | -4.7% | 44.4% | 0.06 | - |
| Sector ETF (XLRE) | 6.2% | 20.4% | 0.25 | 49.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 51.1% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 1.3% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 19.9% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 57.5% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/2/2023 | -4.6% | -1.6% | -3.3% |
| 5/3/2023 | 0.8% | 5.6% | 7.0% |
| 2/27/2023 | -6.9% | -4.0% | -17.0% |
| 11/2/2022 | -4.3% | -5.7% | 3.2% |
| 8/2/2022 | 4.7% | 5.8% | 1.1% |
| 5/4/2022 | -4.5% | -10.1% | -6.7% |
| 2/23/2022 | 3.0% | 1.6% | 0.1% |
| 11/3/2021 | -1.1% | -2.5% | -15.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 6 | 7 |
| # Negative | 9 | 7 | 6 |
| Median Positive | 3.1% | 5.7% | 3.2% |
| Median Negative | -4.3% | -4.0% | -5.7% |
| Max Positive | 4.7% | 34.7% | 53.4% |
| Max Negative | -6.9% | -10.1% | -17.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/2/2023 | -4.6% | -1.6% | -3.3% |
| 5/3/2023 | 0.8% | 5.6% | 7.0% |
| 2/27/2023 | -6.9% | -4.0% | -17.0% |
| 11/2/2022 | -4.3% | -5.7% | 3.2% |
| 8/2/2022 | 4.7% | 5.8% | 1.1% |
| 5/4/2022 | -4.5% | -10.1% | -6.7% |
| 2/23/2022 | 3.0% | 1.6% | 0.1% |
| 11/3/2021 | -1.1% | -2.5% | -15.5% |
| 8/3/2021 | -1.6% | 1.7% | 8.6% |
| 5/4/2021 | -2.9% | -6.4% | -4.6% |
| 2/23/2021 | 3.2% | -0.1% | -1.7% |
| 11/3/2020 | -5.2% | 34.7% | 53.4% |
| 8/5/2020 | -0.9% | 11.4% | 1.7% |
| SUMMARY STATS | |||
| # Positive | 4 | 6 | 7 |
| # Negative | 9 | 7 | 6 |
| Median Positive | 3.1% | 5.7% | 3.2% |
| Median Negative | -4.3% | -4.0% | -5.7% |
| Max Positive | 4.7% | 34.7% | 53.4% |
| Max Negative | -6.9% | -10.1% | -17.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/03/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
| 09/30/2019 | 11/05/2019 | 10-Q |
Insider Activity
Updated 5/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Patel, Mehulkumar Bhikhubhai | Sagestar Family, LLC | Sell | 1062026 | 4.84 | 25,000 | 121,000 | 2,150,388 | Form | |
| 2 | Patel, Mehulkumar Bhikhubhai | Sagestar Family, LLC | Sell | 12222025 | 5.12 | 10,000 | 51,200 | 2,402,790 | Form | |
| 3 | Storey, Thomas W | Direct | Buy | 5232025 | 4.62 | 16,270 | 75,167 | 1,068,777 | Form | |
| 4 | Storey, Thomas W | Direct | Buy | 5222025 | 0.00 | 27,118 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Patel, Mehulkumar Bhikhubhai | Sagestar Family, LLC | Sell | 1062026 | 4.84 | 25,000 | 121,000 | 2,150,388 | Form | |
| 2 | Patel, Mehulkumar Bhikhubhai | Sagestar Family, LLC | Sell | 12222025 | 5.12 | 10,000 | 51,200 | 2,402,790 | Form | |
| 3 | Storey, Thomas W | Direct | Buy | 5232025 | 4.62 | 16,270 | 75,167 | 1,068,777 | Form | |
| 4 | Storey, Thomas W | Direct | Buy | 5222025 | 0.00 | 27,118 | Form |
Investor Activity (13F)
Updated Sep 26, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Hotel & Resort REITs Resources |
| Hotel News Now |
| Hospitality Net |
| Lodging Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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