INN Q2 2021 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q2 2021 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$87M+240.2% YoY

Gross Profit

$25M29.2% margin

Operating Income

-$12M-13.4% margin

Net Income

-$19M-21.6% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

+49.6%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$15M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.2B

Stockholders' Equity

$937M

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$87M	$25M	+240.2%
Gross Profit	$25M	-$10M	+352.6%
Operating Income	-$12M	-$43M	+72.9%
Net Income	-$19M	-$50M	+62.9%

Revenue Segments

Occupancy

$80M92%

Hotel, Other

$5M6%

Food and Beverage

$2M2%