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Summit Hotel Properties (Summit Hotel Properties) 5-Year Yield-on-Cost % : 7.10 (As of Apr. 26, 2024)


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What is Summit Hotel Properties 5-Year Yield-on-Cost %?

Summit Hotel Properties's yield on cost for the quarter that ended in Dec. 2023 was 7.10.


The historical rank and industry rank for Summit Hotel Properties's 5-Year Yield-on-Cost % or its related term are showing as below:

INNpCCL.PFD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.47   Med: 4.16   Max: 21.43
Current: 7.1


During the past 13 years, Summit Hotel Properties's highest Yield on Cost was 21.43. The lowest was 0.47. And the median was 4.16.


INNpCCL.PFD's 5-Year Yield-on-Cost % is ranked worse than
82.99% of 835 companies
in the REITs industry
Industry Median: 7.1 vs INNpCCL.PFD: 7.10

Competitive Comparison of Summit Hotel Properties's 5-Year Yield-on-Cost %

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Summit Hotel Properties's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's 5-Year Yield-on-Cost % falls into.



Summit Hotel Properties 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Summit Hotel Properties is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Summit Hotel Properties  (NYSE:INNpCCL.PFD) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Summit Hotel Properties 5-Year Yield-on-Cost % Related Terms

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Summit Hotel Properties (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.