INNSummit Hotel Properties, Inc.

$452M

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$194M-0.3% YoY

Gross Profit

$73M37.7% margin

Operating Income

$56M29.0% margin

Net Income

$35M18.3% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

$29M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$1.5B

Stockholders' Equity

$932M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$194M	$194M	-0.3%
Gross Profit	$73M	$71M	+3.4%
Operating Income	$56M	$23M	+139.8%
Net Income	$35M	$4M	+816.2%

Revenue Segments

Occupancy

$173M89%

Hotel, Other

$11M6%

Food and Beverage

$10M5%

INN Q2 2024 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena