INN Q2 2022 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q2 2022 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$183M+111.8% YoY

Gross Profit

$69M37.7% margin

Operating Income

$43M23.5% margin

Net Income

$13M6.9% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+29.2%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

$46M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$1.6B

Stockholders' Equity

$965M

Cash & Equivalents

$110M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$183M	$87M	+111.8%
Gross Profit	$69M	$25M	+173.6%
Operating Income	$43M	-$12M	+470.6%
Net Income	$13M	-$19M	+167.2%

Revenue Segments

Occupancy

$167M91%

Hotel, Other

$9M5%

Food and Beverage

$8M4%