INN Q3 2024 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q3 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$177M-2.8% YoY

Gross Profit

$60M33.9% margin

Operating Income

$16M8.9% margin

Net Income

$352,0000.2% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-8.8%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$96M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$1.5B

Stockholders' Equity

$911M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$177M	$182M	-2.8%
Gross Profit	$60M	$62M	-3.7%
Operating Income	$16M	$16M	-4.4%
Net Income	$352,000	-$814,000	+143.2%

Revenue Segments

Occupancy

$157M89%

Hotel, Other

$10M6%

Food and Beverage

$9M5%