INN Q4 2023 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q4 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$177M+3.0% YoY

Gross Profit

$62M35.1% margin

Operating Income

$428,0000.2% margin

Net Income

-$12M-6.7% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$4M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$1.5B

Stockholders' Equity

$911M

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$177M	$172M	+3.0%
Gross Profit	$62M	$62M	+0.4%
Operating Income	$428,000	$7M	-93.6%
Net Income	-$12M	-$7M	-62.5%