Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$528M+7.4% YoY

Gross Profit

$167M31.6% margin

Operating Income

$96M18.2% margin

Net Income

$43M8.1% margin

EPS (Diluted)

$0.67

QoQ Revenue Growth

-16.5%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$72M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$4.2B

Stockholders' Equity

$530M

Cash & Equivalents

$465M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$528M	$492M	+7.4%
Gross Profit	$167M	$165M	+1.2%
Operating Income	$96M	$106M	-8.8%
Net Income	$43M	$61M	-29.8%

Revenue Segments

Hotel Food And Beverage Banquets

$175M33%

Hotel Group Rooms

$131M25%

Hotel Food And Beverage Outlets

$60M11%

Hotel, Other

$53M10%

Hotel Transient Rooms

$42M8%

Entertainment Food And Beverage

$25M5%

Entertainment Admissions And Ticketing

$23M4%

Entertainment Retail And Other

$19M4%