See more : Chengdu Xgimi Technology Co.,Ltd. (688696.SS) 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.
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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 PUBLISHES 2023 CORPORATE RESPONSIBILITY REPORT
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Summit Hotel Properties, Inc. (INN) Q2 2023 Earnings Call Transcript
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Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to FFO of $0.27 per share a year ago.
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTS
Pro Forma RevPAR Reaches New Post-Pandemic High The Nordic Lodge Steamboat Springs Acquired Through GIC Joint Venture AUSTIN, Texas , Aug. 2, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and...
SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2023 DIVIDENDS
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Category: Stock Reports