For the fourth quarter of 2011, net loss attributable to common stockholders was approximately $2.4 million compared to a net loss of approximately $14.0 million for the fourth quarter of 2010. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter of 2011 were $4.9 million, which were negatively affected by $0.7 million of legal costs associated with the Choice arbitration. Funds from operations (FFO) for the fourth quarter of 2011 were $4.1 million, or $0.11 per fully diluted common share. The company estimates the effect of the termination of franchise licenses for 11 hotels in the first quarter of 2011 was an approximate $0.03 reduction in FFO per fully diluted common share for the fourth quarter of 2011. Adjusted funds from operations (AFFO) for the fourth quarter of 2011 was $4.2 million, or $0.11 per fully diluted common share.Full Year 2011 Operating and Financial Results
Summit Hotel Properties, Inc. Reports Fourth Quarter And Full Year 2011 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.