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Complete financial analysis of Summit Hotel Properties, Inc. (INN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Summit Hotel Properties, Inc., a leading company in the REIT – Hotel & Motel industry within the Real Estate sector.
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Summit Hotel Properties, Inc. (INN)
About Summit Hotel Properties, Inc.
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 736.13M | 675.70M | 361.93M | 234.46M | 549.35M | 567.27M | 515.38M | 473.94M | 463.46M | 403.47M | 298.96M | 255.47M | 134.28M | 135.64M | 121.20M | 135.11M |
| Cost of Revenue | 478.11M | 419.79M | 244.61M | 200.40M | 333.20M | 341.43M | 190.39M | 174.83M | 173.85M | 156.54M | 120.21M | 104.03M | 94.38M | 66.17M | 59.06M | 57.57M |
| Gross Profit | 258.02M | 255.90M | 117.31M | 34.07M | 216.15M | 225.84M | 324.99M | 299.11M | 289.60M | 246.93M | 178.75M | 151.44M | 39.90M | 69.46M | 62.14M | 77.54M |
| Gross Profit Ratio | 35.05% | 37.87% | 32.41% | 14.53% | 39.35% | 39.81% | 63.06% | 63.11% | 62.49% | 61.20% | 59.79% | 59.28% | 29.72% | 51.21% | 51.27% | 57.39% |
| Research & Development | 0.00 | 0.01 | -0.19 | -0.63 | 0.15 | 0.16 | 0.20 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 50.98M | 48.21M | 39.29M | 27.26M | 40.20M | 40.03M | 19.60M | 19.29M | 21.20M | 19.88M | 8.22M | 6.04M | 6.56M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 50.98M | 48.21M | 39.29M | 27.26M | 40.20M | 40.03M | 19.60M | 19.29M | 21.20M | 19.88M | 8.22M | 6.04M | 6.56M | 25.38M | 30.17M | 34.00M |
| Other Expenses | 148.25M | 149.06M | 103.32M | 114.44M | 99.45M | 6.95M | 3.78M | 2.56M | 11.15M | 986.00K | -343.00K | 731.00K | 26.38M | 57.35M | 54.14M | 56.31M |
| Operating Expenses | 199.24M | 197.27M | 142.61M | 141.70M | 139.64M | 141.04M | 240.74M | 212.55M | 207.23M | 190.16M | 142.25M | 130.52M | 32.94M | 57.35M | 54.14M | 56.31M |
| Cost & Expenses | 677.34M | 617.06M | 387.22M | 342.10M | 472.84M | 482.47M | 431.13M | 387.38M | 381.08M | 346.69M | 262.46M | 234.55M | 127.32M | 123.52M | 113.20M | 113.88M |
| Interest Income | 1.69M | 65.52M | 43.36M | 43.16M | 40.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 83.00K | 35.00K | 15.76K | 47.48K | 49.81K | 194.69K |
| Interest Expense | 86.80M | 65.58M | 43.37M | 43.30M | 41.03M | 41.94M | 29.69M | 28.09M | 30.41M | 26.97M | 20.14M | 16.47M | 13.19M | 26.36M | 18.32M | 17.03M |
| Depreciation & Amortization | 150.92M | 617.81M | 391.07M | 342.10M | 472.84M | 482.47M | 431.48M | 390.87M | 64.05M | 65.33M | 51.18M | 49.65M | 29.85M | 27.30M | 24.24M | 23.03M |
| EBITDA | 212.40M | 208.05M | 83.07M | 1.98M | 175.95M | 185.81M | 169.82M | 155.47M | 145.18M | 113.47M | 85.39M | 33.15M | 36.50M | 31.30M | 24.79M | 54.34M |
| EBITDA Ratio | 28.85% | 31.29% | 24.92% | 2.91% | 33.03% | 33.98% | 33.75% | 34.08% | 34.00% | 30.51% | 28.68% | 27.67% | 27.43% | 29.09% | 27.85% | 40.51% |
| Operating Income | 58.79M | 67.78M | -15.77M | -102.79M | 81.98M | 125.20M | 83.90M | 82.49M | 80.01M | 47.16M | 33.25M | 17.52M | 6.71M | 5.64M | 496.13K | 21.23M |
| Operating Income Ratio | 7.99% | 10.03% | -4.36% | -43.84% | 14.92% | 22.07% | 16.28% | 17.40% | 17.26% | 11.69% | 11.12% | 6.86% | 5.00% | 4.16% | 0.41% | 15.71% |
| Total Other Income/Expenses | -84.11M | -62.95M | -33.85M | -38.46M | -35.56M | -35.00M | 17.30M | -25.53M | 45.80M | -27.53M | -21.73M | -12.86M | -12.00M | -26.50M | -16.81M | -6.94M |
| Income Before Tax | -25.32M | 4.83M | -67.11M | -147.87M | 83.85M | 90.20M | 101.20M | 106.81M | 125.81M | 21.18M | 11.52M | 826.00K | -6.50M | -20.72M | -16.31M | 14.29M |
| Income Before Tax Ratio | -3.44% | 0.71% | -18.54% | -63.07% | 15.26% | 15.90% | 19.64% | 22.54% | 27.15% | 5.25% | 3.85% | 0.32% | -4.84% | -15.28% | -13.46% | 10.58% |
| Income Tax Expense | 2.80M | 3.61M | 1.47M | 1.38M | 1.50M | -922.00K | 1.67M | -1.45M | 553.00K | 744.00K | 4.89M | -1.24M | -2.32M | 202.16K | 18.32M | 826.30K |
| Net Income | -9.49M | 1.47M | -68.58M | -149.25M | 82.61M | 90.92M | 99.21M | 107.81M | 124.44M | 20.87M | 5.88M | 2.51M | -2.94M | -20.92M | -16.31M | 13.08M |
| Net Income Ratio | -1.29% | 0.22% | -18.95% | -63.65% | 15.04% | 16.03% | 19.25% | 22.75% | 26.85% | 5.17% | 1.97% | 0.98% | -2.19% | -15.42% | -13.46% | 9.68% |
| EPS | -0.27 | 0.01 | -0.66 | -1.43 | 0.65 | 0.88 | 0.79 | 1.00 | 1.25 | 0.05 | -0.11 | -0.17 | -0.11 | -0.77 | -0.09 | 0.07 |
| EPS Diluted | -0.27 | 0.01 | -0.66 | -1.43 | 0.65 | 0.88 | 0.79 | 1.00 | 1.24 | 0.05 | -0.12 | -0.17 | -0.11 | -0.77 | -0.09 | 0.07 |
| Weighted Avg Shares Out | 105.55M | 105.14M | 104.47M | 104.14M | 103.89M | 103.62M | 99.41M | 86.87M | 85.92M | 85.24M | 70.33M | 33.72M | 27.28M | 27.28M | 173.70M | 185.90M |
| Weighted Avg Shares Out (Dil) | 105.55M | 105.14M | 104.47M | 104.14M | 103.94M | 103.84M | 99.78M | 87.34M | 87.14M | 85.57M | 70.33M | 33.72M | 27.28M | 27.28M | 173.70M | 185.90M |
Summit Hotel Properties, Inc. (INN) Q3 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President...
Summit Hotel Properties (INN) Q3 FFO and Revenues Beat Estimates
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.22 per share a year ago.
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September...
Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield
I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a...
SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2024 DIVIDENDS
AUSTIN, Texas , Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30,...
Summit Hotel Properties (INN) Shows Fast-paced Momentum But Is Still a Bargain Stock
Summit Hotel Properties (INN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our...
Summit Hotel Properties, Inc. (INN) Hit a 52 Week High, Can the Run Continue?
Summit Hotel Properties (INN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Are Investors Undervaluing Summit Hotel Properties (INN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes.
SUMMIT HOTEL PROPERTIES PUBLISHES 2024 CORPORATE RESPONSIBILITY REPORT
AUSTIN, Texas , Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly,...
Source: https://incomestatements.info
Category: Stock Reports