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Summit Hotel Properties (INN) Q3 FFO Surpass Estimates

Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of 0.17pershare,beatingtheZacksConsensusEstimateof0.17 per share, beating the Zacks Consensus Estimate of 0.14 per share. This compares to FFO of 0.22pershareayearago.Thesefiguresareadjustedfornonrecurringitems.ThisquarterlyreportrepresentsanFFOsurpriseof+21.430.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +21.43%. A quarter ago, it was expected that this real estate investment trust specializing in higher end hotels would post FFO of 0.26 per share when it actually produced FFO of $0.27, delivering ...