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Summit Hotel Properties Inc Comments On Q4 2013 RevPAR Guidance; Issues Q4 2013 Guidance FFO Guidance Below Analysts' Estimates; Lowers FY 2013 RevPAR And FFO Guidance


Tuesday, 5 Nov 2013 04:02pm EST 

Summit Hotel Properties Inc announced that for the fourth quarter of 2013, it expects RevPAR Growth of 2.5% to 5.5% and adjusted FFO per diluted unit of $0.12 to $0.14. For fiscal 2013, it expects RevPAR Growth of 4.0% to 6.0% and adjusted FFO per diluted unit of $0.79 to $0.81. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO per share of $0.15 for the fourth quarter of 2013 and FFO per share of $0.79 for fiscal 2013. 

Company Quote

9.12
0.05 +0.55%
17 Apr 2014