INN Q1 2024 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$188M+3.2% YoY

Gross Profit

$69M36.4% margin

Operating Income

$23M12.5% margin

Net Income

$3M1.3% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$10M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$908M

Cash & Equivalents

$63M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$188M	$182M	+3.2%
Gross Profit	$69M	$63M	+9.0%
Operating Income	$23M	$18M	+29.0%
Net Income	$3M	-$601,000	+517.8%

Revenue Segments

Occupancy

$167M89%

Food and Beverage

$11M6%

Hotel, Other

$10M5%