Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$492M+64.4% YoY

Gross Profit

$165M33.5% margin

Operating Income

$106M21.5% margin

Net Income

$61M12.5% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

-$5M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$3.6B

Stockholders' Equity

$100M

Cash & Equivalents

$319M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$492M	$299M	+64.4%
Gross Profit	$165M	$74M	+122.0%
Operating Income	$106M	$8M	+1241.8%
Net Income	$61M	-$25M	+349.1%

Revenue Segments

Hotel Food And Beverage Banquets

$160M33%

Hotel Group Rooms

$121M25%

Hotel Food And Beverage Outlets

$55M11%

Hotel, Other

$47M10%

Hotel Transient Rooms

$41M8%

Entertainment Food And Beverage

$24M5%

Entertainment Admissions And Ticketing

$22M5%

Entertainment Retail And Other

$20M4%