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INN Q1 2024 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena
INN
Summit Hotel Properties, Inc.
$452M
Q1 2024 Earnings
Real Estate
REIT - Hotel & Motel
Income Statement
Revenue
$188M
+3.2% YoY
Gross Profit
$69M
36.4% margin
Operating Income
$23M
12.5% margin
Net Income
$3M
1.3% 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
$167M
89%
Food and Beverage
$11M
6%
Hotel, Other
$10M
5%
← FY 2024
All Quarters
Q2 2024 →