INNPRACL.PFD (Summit Hotel Properties) Tax Rate % : -10.30% (As of Sep. 2024)

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What is Summit Hotel Properties Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Summit Hotel Properties's Tax Expense for the three months ended in Sep. 2024 was $0.33 Mil. Summit Hotel Properties's Pre-Tax Income for the three months ended in Sep. 2024 was $-3.22 Mil. Therefore, Summit Hotel Properties's Tax Rate % for the quarter that ended in Sep. 2024 was -10.30%.

Summit Hotel Properties Tax Rate % Historical Data

The historical data trend for Summit Hotel Properties's Tax Rate % 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.

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Summit Hotel Properties Tax Rate % Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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1.79

-0.93

-2.19

74.79

-11.05

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
Tax Rate %	Get a 7-Day Free Trial															-30.85	-5.55	7.11	5.78	-10.30

Summit Hotel Properties Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Summit Hotel Properties's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2.798	/	-25.318
	=	-11.05 %

Summit Hotel Properties's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	0.332	/	-3.224
	=	-10.30 %

Summit Hotel Properties Tax Rate % Related Terms

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Summit Hotel Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNPRACL.PFD) » Definitions » Tax Rate %

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INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

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.