See more : Black Spade Acquisition Co (BSAQ) 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 COMPLETES $600 MILLION CREDIT FACILITY REFINANCING
AUSTIN, Texas , June 22, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has successfully completed the refinancing of its $600 million senior unsecured credit facility (the "Credit Facility"), which is comprised of a...
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , June 21, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2023 on Wednesday, August 2, 2023, after the market closes. The Company...
SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE
Joint Venture with GIC Completes Acquisition of Residence Inn Scottsdale North Four-Hotel Portfolio Sale Completed for $28.1 Million AUSTIN, Texas , June 5, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed...
Summit Hotel Properties Offers An Attractive Preferred Dividend Of 8.7%
Summit Hotel Properties is a hotel REIT. About half of its properties are leased to Marriott. The first quarter was pretty good for Summit, and the full-year AFFO guidance looks promising.
SUMMIT HOTEL PROPERTIES AWARDED BEST RENOVATION AT HYATT'S 2023 AMERICAS OWNERS CONFERENCE
AUSTIN, Texas , May 17, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") is proud to announce that it has been recognized as the Best Renovation award winner from Hyatt Hotels Corporation for its transformational renovation of...
Summit Hotel Properties, Inc. (INN) Q1 2023 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants Adam Wudel - Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey...
SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2023 RESULTS
First Quarter 2023 Pro Forma RevPAR Grows 19.3% Operating Income Increase Drives Adjusted EBITDAre Growth of 35% to $44.4 Million Common Dividend Increased 50% to an Annualized $0.24 Per Share AUSTIN, Texas , May 3, 2023 /PRNewswire/ -- Summit Hotel...
Tale Of 2 Cities
U.S. equity markets extended their rebound this week as a strong slate of earnings reports clashed with renewed concerns over financial instability and economic data that provided fodder for both bulls and bears. Closing at its highest levels since early...
SUMMIT HOTEL PROPERTIES INCREASES COMMON DIVIDEND BY 50% AND DECLARES FIRST QUARTER 2023 DIVIDENDS
AUSTIN, Texas , April 27, 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 first quarter ended March 31,...
Summit Hotel Properties: (Slowly) Climbing To The Summit
Summit Hotel Properties reported its FY 2022 earnings, reporting an operating profit for the first time since the pandemic. The company is still recovering from the effects of the pandemic, and demand is picking up.
Source: https://incomestatements.info
Category: Stock Reports