Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$505M+7.4% YoY

Gross Profit

$180M35.7% margin

Operating Income

$122M24.2% margin

Net Income

$67M13.2% margin

EPS (Diluted)

$1.15

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$184M

Free Cash Flow

$142M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$4.2B

Stockholders' Equity

$498M

Cash & Equivalents

$508M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$505M	$470M	+7.4%
Gross Profit	$180M	$175M	+2.9%
Operating Income	$122M	$106M	+15.4%
Net Income	$67M	$50M	+32.3%

Revenue Segments

Hotel Food And Beverage Banquets

$139M28%

Hotel Group Rooms

$120M24%

Hotel Food And Beverage Outlets

$59M12%

Hotel, Other

$51M10%

Hotel Transient Rooms

$48M10%

Entertainment Admissions And Ticketing

$34M7%

Entertainment Food And Beverage

$29M6%

Entertainment Retail And Other

$23M5%