INN FY 2023 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

FY 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$736M+8.9% YoY

Gross Profit

$258M35.1% margin

Operating Income

$59M8.0% margin

Net Income

-$9M-1.3% margin

EPS (Diluted)

$-0.27

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$154M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$1.5B

Stockholders' Equity

$911M

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$736M	$676M	+8.9%
Gross Profit	$258M	$238M	+8.2%
Operating Income	$59M	$68M	-13.3%
Net Income	-$9M	$1M	-747.3%