What does reportable segments — asset impairment charges mean?

This reflects non-cash write-downs recognized when the carrying value of a hotel property exceeds its estimated fair market value. It serves as a risk indicator regarding the valuation of the real estate portfolio and potential market headwinds. Frequent or large charges may signal poor capital allocation or deteriorating asset quality.

Summit Hotel Properties INN Reportable Segments — Asset Impairment Charges

Similar metrics at other companies

PEBReportable Segment — Impairment

$7.69M—

PACBReportable Segment — Impairment Charges

$0-100%

CNXCReportable Segment — Impairment Charges

$381.93M—

NYTReportable Segment — Impairment Charges

$714.5K—

GOReportable Segment — Asset Impairment Charges, Excluding Goodwill Impairment

$28.45M—

NEOReportable Segment — Impairment charges (Note 3 and Note 7)

$6.94M—

Other financials

Income statement

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Revenue$185.1M+0.3%

Operating income$14.1M-28.7%

Net income-$5.9M-1,049%

EPS (diluted)-$0.10-150%

Balance sheet

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Cash & equivalents$50.4M-10.5%

Total debt$1.4B-1.5%

Total equity$840.4M-8.7%

Total assets$2.8B-4.9%

Cash flow

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Operating cash flow$28.1M+8.7%

CapEx$11.9M-24.1%

Free cash flow$16.2M+59.6%

Valuation

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Market cap$741.22M+35.6%

Enterprise value$2.11B+9.2%

P/S1×+0.3×

Profitability

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Gross margin36.8%—

Operating margin8.2%-5.5pp

Net margin-2.5%-6.9pp

FCF margin10.9%+0.3pp

Returns & leverage

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Return on equity-2.1%-5.6pp

Debt / equity1.7×+0.1×

Where this comes from

Reported directly by Summit Hotel Properties in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Summit Hotel Properties’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Hotel Properties's reportable segments — asset impairment charges?: Summit Hotel Properties (INN) reported reportable segments — asset impairment charges of $3.64M in Q1 2026.
What does reportable segments — asset impairment charges mean?: This reflects non-cash write-downs recognized when the carrying value of a hotel property exceeds its estimated fair market value. It serves as a risk indicator regarding the valuation of the real estate portfolio and potential market headwinds. Frequent or large charges may signal poor capital allocation or deteriorating asset quality.