Q1 2018 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$264M+21.1% YoY

Gross Profit

$80M30.1% margin

Operating Income

$33M12.4% margin

Net Income

$55M21.0% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$19M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.5B

Stockholders' Equity

$1.6B

Cash & Equivalents

$256M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$264M	$218M	+21.1%
Gross Profit	$80M	$65M	+22.1%
Operating Income	$33M	$20M	+61.0%
Net Income	$55M	$8M	+583.7%

Geographic Segments

Other Geographic Areas

$74M28%

Orlando Florida Area

$36M14%

Phoenix, Arizona Area

$31M12%

Houston, Texas Area

$26M10%

Dallas, Texas Area

$18M7%

San Francisco, San Mateo, California Area

$18M7%

Washington DC, Maryland, Virginia Area

$16M6%

San Jose, Santa Cruz, California Area

$15M6%

Atlanta, Georgia Area

$12M4%

Austin, Texas Area

$10M4%

California North Area

$8M3%