Summit Hotel Properties Announces $0.08 Dividend for Q2 2025

Summit Hotel Properties, Inc. has declared a cash dividend of $0.08 per share for the second quarter ending June 30, 2025. This announcement, made on August 1, 2025, by the company’s Board of Directors, reflects an annualized dividend yield of 6.1 percent based on the closing price of the company’s common stock on July 31, 2025.

The Board has also approved additional dividends for its preferred stockholders. Shareholders of the 6.25% Series E Cumulative Redeemable Preferred Stock will receive a cash dividend of $0.390625 per share for the period ending August 31, 2025. Additionally, a dividend of $0.3671875 per share will be paid to holders of the 5.875% Series F Cumulative Redeemable Preferred Stock for the same period.

For investors in the operating partnership, a cash distribution of $0.328125 per unit will be made pertaining to the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending August 31, 2025. All dividends are set to be payable on August 29, 2025, to those on record as of August 15, 2025.

Company Overview and Portfolio Details

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust (REIT) focused on acquiring premium-branded lodging properties. The company operates primarily within the upscale segment of the lodging industry. As of July 31, 2025, Summit’s portfolio includes 97 assets, with 53 wholly owned properties and a total of 14,577 guestrooms across 25 states.

Investors and stakeholders can find more information about Summit Hotel Properties by visiting their website at www.shpreit.com. The company also maintains an active presence on social media platforms, including X, formerly known as Twitter, where updates are shared under the handle @SummitHotel_INN.

Forward-Looking Statements and Financial Risks

The company’s press release includes forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements relate to expectations regarding the payment of dividends and are based on various assumptions, which may include financial projections and operational strategies.

It is important to note that these projections are subject to risks and uncertainties. Factors such as the performance of the U.S. economy and conditions within the hotel industry can significantly impact actual results. Investors are encouraged to review detailed risk factors outlined in the company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ending December 31, 2024.

Unless legally required, Summit Hotel Properties disclaims any obligation to update these forward-looking statements in light of new information or future developments.