Summit Hotel Properties Backs Q4, FY13 Outlook

(RTTNews) - Summit Hotel Properties Inc. (INN) Friday reaffirmed its financial outlook for the fourth quarter and full year 2014.

For the fourth quarter, the company continues to see adjusted funds from operations $0.12 to $0.14 per share. Analysts polled by Thomson Reuters currently see FFO of $0.13 per share for the quarter. Analysts' estimates typically exclude one-time items.

For the full year, the company continues to see adjusted FFO of $0.79 to $0.81 per share. Analysts currently see FFO of $0.80 for the year.

Summit Hotel Properties also said it will report fourth quarter financial results on Monday, March 17, 2014, before the market opens.