See more : Sichuan Crun Co., Ltd (002272.SZ) Income Statement Analysis – Financial Results
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.
You may be interested
- Techtronic Industries Company Limited (TTNDY) Income Statement Analysis – Financial Results
- Hafnia Limited (HFIAF) Income Statement Analysis – Financial Results
- Helix Acquisition Corp. (HLXA) Income Statement Analysis – Financial Results
- WonderFi Technologies Inc. (WNDR.TO) Income Statement Analysis – Financial Results
- Future Supply Chain Solutions Limited (FSC.NS) Income Statement Analysis – Financial Results
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 ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , Jan. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2023 on Wednesday, February 28, 2024, after the market...
Is Summit Hotel Properties (INN) Stock Undervalued 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: Collect 8.4% Yield On The Preferred Stock
Summit Hotel Properties stock currently trades well below its normal valuation and provides a well-covered dividend. Its efficient operating model has enabled it to achieve a faster growth ramp than the industry average. Income investors seeking a higher yield may...
Summit Hotel Properties: A Lot Of Debt
Summit Hotel Properties has a lot of debt and is stretching its limits with interest expenses pushing net income into negative territory. The post-pandemic recovery has supported revenue growth, but there are concerns about the impact of a worsening recession...
Summit Hotel Properties, Inc. (INN) Q3 2023 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2023 Earnings Conference Call November 2, 2023 1:00 PM ET Company Participants Adam Wudel - Senior Vice President, Finance, Capital Market and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling...
Here's What Key Metrics Tell Us About Summit Hotel Properties (INN) Q3 Earnings
The headline numbers for Summit Hotel Properties (INN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago...
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2023 RESULTS
Operating Income of $16.5 Million Adjusted EBITDAre Reaches $46.3 Million; Adjusted FFO Per Share of $0.22 Full Year 2023 Adjusted EBITDAre and Adjusted FFO Guidance Midpoint Increased AUSTIN, Texas , Nov. 1, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN)...
SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2023 DIVIDENDS
AUSTIN, Texas , Oct. 26, 2023 /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, 2023,...
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , Sept. 26, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2023 on Wednesday, November 1, 2023, after the market closes.
SUMMIT HOTEL PROPERTIES COMPLETES $200 MILLION JOINT VENTURE CREDIT FACILITY REFINANCING
AUSTIN, Texas , Sept. 20, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its joint venture with GIC, Singapore's sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility (the...
Source: https://incomestatements.info
Category: Stock Reports