Summit Hotel Properties, Inc. (INN-PF) Financials

NYSE:INN-PF

Market Cap

1.98B

Total Revenue

675.70M

Gross Profit

255.90M

Operating Income

67.78M

Net Income

1.47M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	298,958,000	403,466,000	463,455,000	473,935,000	515,377,000	567,270,000	549,348,000	234,463,000	361,926,000	675,695,000
costOfRevenue	120,206,000	156,538,000	173,854,000	174,829,000	190,385,000	341,427,000	333,197,000	200,397,000	244,613,000	419,792,000
grossProfit	178,752,000	246,928,000	289,601,000	299,106,000	324,992,000	225,843,000	216,151,000	34,066,000	117,313,000	255,903,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	8,218,000	19,884,000	21,204,000	19,292,000	19,597,000	40,030,000	40,197,000	27,261,000	39,286,000	48,207,000
sellingGeneralAndAdministrativeExpenses	8,218,000	19,884,000	21,204,000	19,292,000	19,597,000	40,030,000	40,197,000	27,261,000	39,286,000	48,207,000
operatingExpenses	142,249,000	190,155,000	207,230,000	212,550,000	240,743,000	141,043,000	139,642,000	141,701,000	142,609,000	197,267,000
operatingIncome	33,248,000	47,157,000	80,010,000	82,487,000	83,895,000	125,199,000	81,981,000	-102,794,000	-15,773,000	67,782,000
totalOtherIncomeExpensesNet	-3,233,000	-8,630,000	73,852,000	48,346,000	46,633,000	47,348,000	1,867,000	-45,075,000	-51,338,000	-62,954,000
ebitda	85,730,000	123,084,000	157,569,000	161,522,000	173,954,000	192,762,000	181,426,000	6,825,000	90,182,000	211,423,000
depreciationAndAmortization	51,184,000	65,325,000	64,052,000	72,406,000	85,927,000	101,013,000	99,445,000	109,619,000	105,955,000	143,641,000
interestIncome	83,000	--	--	--	--	--	--	--	--	--
interestExpense	20,137,000	26,968,000	30,414,000	28,091,000	29,687,000	41,944,000	41,030,000	43,300,000	43,368,000	65,581,000
incomeBeforeTax	11,519,000	21,175,000	125,809,000	106,811,000	101,195,000	90,204,000	83,848,000	-147,869,000	-67,111,000	4,828,000
incomeTaxExpense	4,894,000	744,000	553,000	-1,450,000	1,674,000	-922,000	1,500,000	1,376,000	1,473,000	3,611,000
netIncome	5,878,000	20,871,000	124,437,000	107,805,000	99,214,000	90,921,000	82,610,000	-149,245,000	-68,584,000	1,466,000
eps	-0.11	0.05	1.25	1	0.79	0.88	0.65	-1.43	-0.66	-0.16
epsdiluted	-0.12	0.05	1.24	1	0.79	0.88	0.65	-1.43	-0.66	-0.16
weightedAverageShsOut	70,327,000	85,242,000	85,920,000	86,874,000	99,406,000	103,623,000	103,887,000	104,141,000	104,471,000	105,142,000
weightedAverageShsOutDil	70,327,000	85,566,000	87,144,000	87,343,000	99,780,000	103,842,000	103,939,000	104,141,000	104,471,000	105,142,000
costAndExpenses	262,455,000	346,693,000	381,084,000	387,379,000	431,128,000	482,470,000	472,839,000	342,098,000	387,222,000	617,059,000
otherExpenses	-343,000	986,000	11,146,000	2,560,000	3,778,000	6,949,000	99,445,000	114,440,000	103,323,000	149,060,000

Key Facts

Industry

REIT—Hotel & Motel

Sector

Real Estate

Headquarters

Austin, TX, US

Website

shpreit.com

CEO

Mr. Jonathan P. Stanner

Employees

About the Company

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.