INN Q3 2021 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$441M

Q3 2021 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$111M+111.2% YoY

Gross Profit

$39M35.0% margin

Operating Income

$5M4.5% margin

Net Income

-$5M-4.1% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+27.9%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$35M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.1B

Stockholders' Equity

$954M

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$111M	$52M	+111.2%
Gross Profit	$39M	$6M	+584.2%
Operating Income	$5M	-$26M	+119.1%
Net Income	-$5M	-$35M	+87.0%

Revenue Segments

Occupancy

$103M93%

Hotel, Other

$6M5%

Food and Beverage

$2M2%