INN Q2 2023 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$194M+6.1% YoY

Gross Profit

$71M36.3% margin

Operating Income

$23M12.1% margin

Net Income

$4M2.0% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

$28M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$949M

Cash & Equivalents

$58M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$194M	$183M	+6.1%
Gross Profit	$71M	$69M	+2.1%
Operating Income	$23M	$43M	-45.6%
Net Income	$4M	$13M	-69.2%