INN Q3 2023 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q3 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$182M+2.0% YoY

Gross Profit

$62M34.2% margin

Operating Income

$16M9.1% margin

Net Income

-$814,000-0.4% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$24M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$942M

Cash & Equivalents

$55M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$182M	$178M	+2.0%
Gross Profit	$62M	$61M	+1.9%
Operating Income	$16M	$17M	-4.4%
Net Income	-$814,000	$4M	-119.8%

Revenue Segments

Occupancy

$162M89%

Hotel, Other

$10M6%

Food and Beverage

$10M5%