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INNPE.PFD (Summit Hotel Properties) Net Cash per Share : $0.00 (As of Sep. 2024)


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What is Summit Hotel Properties Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Summit Hotel Properties's Net Cash per Share for the quarter that ended in Sep. 2024 was $0.00.

The historical rank and industry rank for Summit Hotel Properties's Net Cash per Share or its related term are showing as below:

INNpE.PFD's Price-to-Net-Cash is not ranked *
in the REITs industry.
Industry Median: 20.56
* Ranked among companies with meaningful Price-to-Net-Cash only.

Summit Hotel Properties Net Cash per Share Historical Data

The historical data trend for Summit Hotel Properties's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Hotel Properties Net Cash per Share Chart

Summit Hotel Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Cash per Share
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Summit Hotel Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Summit Hotel Properties's Net Cash per Share

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Summit Hotel Properties's Price-to-Net-Cash Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Summit Hotel Properties's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's Price-to-Net-Cash falls into.



Summit Hotel Properties Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Summit Hotel Properties's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as

Net Cash per Share (A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(37.837-1542.552-485.501)/0
=N/A

Summit Hotel Properties's Net Cash per Share for the quarter that ended in Sep. 2024 is calculated as

Net Cash per Share (Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(51.698-1463.783-462.064)/0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Summit Hotel Properties  (NYSE:INNpE.PFD) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Summit Hotel Properties Net Cash per Share Related Terms

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Summit Hotel Properties Business Description

Traded in Other Exchanges
Address
13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738
Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.