Q1 2025 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$587M+11.2% YoY

Gross Profit

$191M32.5% margin

Operating Income

$116M19.8% margin

Net Income

$63M10.7% margin

EPS (Diluted)

$1.00

QoQ Revenue Growth

-9.3%

Cash Flow

Operating Cash Flow

$98M

Free Cash Flow

-$15M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$4.3B

Stockholders' Equity

$532M

Cash & Equivalents

$414M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$587M	$528M	+11.2%
Gross Profit	$191M	$167M	+14.4%
Operating Income	$116M	$96M	+20.5%
Net Income	$63M	$43M	+46.2%

Revenue Segments

Hotel Food And Beverage Banquets

$187M32%

Hotel Group Rooms

$145M25%

Hotel Food And Beverage Outlets

$66M11%

Hotel, Other

$55M9%

Hotel Transient Rooms

$45M8%

Entertainment Food And Beverage

$35M6%

Entertainment Retail And Other

$29M5%

Entertainment Admissions And Ticketing

$26M4%