Summit Hotel Properties, Inc. - Understand $inn stock

$INN Market Cap: $841.9 Million

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Financial Snapshot

Revenue

$736.3M

TTM

Gross Margin

42.93%

TTM

Net Earnings

$21.40M

TTM

Current Assets

$89.07M

Q3 2024

Current Liabilities

$127.7M

Q3 2024

Current Ratio

69.76%

Q3 2024

Total Assets

$2.837B

Q3 2024

Total Liabilities

$1.464B

Q3 2024

Book Value

$1.374B

Q3 2024

Cash

$51.70M

Q3 2024

P/E

39.33

Nov 29, 2024 EST

Free Cash Flow

$136.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$736.1M	$675.7M	$361.9M	$234.5M	$549.3M	$567.3M	$515.4M	$473.9M	$463.5M	$403.5M	$299.0M	$161.7M	$142.7M	$135.6M	$121.2M	$135.1M
YoY Change	8.94%	86.69%	54.36%	-57.32%	-3.16%	10.07%	8.74%	2.26%	14.87%	34.96%	84.88%	13.31%	5.24%	11.88%	-10.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$736.1M	$675.7M	$361.9M	$234.5M	$549.3M	$567.3M	$515.4M	$473.9M	$463.5M	$403.5M	$299.0M	$161.7M	$142.7M	$135.6M	$121.2M	$135.1M
Cost Of Revenue	$422.9M	$387.3M	$213.1M	$162.0M	$305.6M	$316.6M	$325.6M	$295.7M	$295.8M	$261.5M	$198.3M	$110.4M	$103.2M	$95.90M	$87.80M	$57.60M
Gross Profit	$313.2M	$288.4M	$148.8M	$72.50M	$243.8M	$250.7M	$189.8M	$178.3M	$167.6M	$142.0M	$100.6M	$51.26M	$39.50M	$39.70M	$33.40M	$77.50M
Gross Profit Margin	42.55%	42.68%	41.11%	30.92%	44.38%	44.19%	36.82%	37.61%	36.17%	35.19%	33.66%	31.7%	27.68%	29.28%	27.56%	57.36%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$87.70M	$80.69M	$70.78M	$65.70M	$67.80M	$64.80M	$19.60M	$19.30M	$21.20M	$19.90M	$12.90M	$9.600M	$3.100M	$0.00	$0.00	$34.00M
YoY Change	8.69%	14.0%	7.73%	-3.1%	4.63%	230.61%	1.55%	-8.96%	6.53%	54.26%	34.38%	209.68%			-100.0%
% of Gross Profit	28.0%	27.98%	47.56%	90.62%	27.81%	25.85%	10.33%	10.83%	12.65%	14.02%	12.82%	18.73%	7.85%	0.0%	0.0%	43.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$150.9M	$149.5M	$106.0M	$109.6M	$99.45M	$101.0M	$85.93M	$72.41M	$64.05M	$63.78M	$48.90M	$34.87M	$29.81M	$27.25M	$24.20M	$23.00M
YoY Change	0.95%	41.1%	-3.34%	10.23%	-1.55%	17.56%	18.67%	13.04%	0.43%	30.42%	40.23%	16.99%	9.38%	12.61%	5.22%
% of Gross Profit	48.19%	51.84%	71.2%	151.2%	40.79%	40.29%	45.28%	40.62%	38.21%	44.92%	48.6%	68.03%	75.46%	68.64%	72.46%	29.68%
Operating Expenses	$237.4M	$229.7M	$174.1M	$180.1M	$167.3M	$165.8M	$105.5M	$91.60M	$85.20M	$85.20M	$64.10M	$40.30M	$34.90M	$27.30M	$24.00M	$56.30M
YoY Change	3.33%	31.96%	-3.33%	7.65%	0.9%	57.16%	15.17%	7.51%	0.0%	32.92%	59.06%	15.47%	27.84%	13.75%	-57.37%
Operating Profit	$58.79M	$67.78M	-$33.27M	-$109.4M	$119.4M	$125.2M	$127.1M	$132.3M	$80.01M	$48.71M	$33.25M	$7.330M	$4.600M	$12.40M	$9.400M	$21.20M
YoY Change	-13.27%	-303.76%	-69.6%	-191.63%	-4.63%	-1.5%	-3.96%	65.41%	64.27%	46.49%	353.59%	59.35%	-62.9%	31.91%	-55.66%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$86.80M	$65.58M	$43.37M	$43.30M	$41.03M	$41.94M	$29.69M	$28.09M	$30.41M	$28.52M	$20.14M	$14.91M	-$17.00M	-$26.30M	-$18.30M	-$16.80M
YoY Change	32.35%	51.22%	0.16%	5.53%	-2.18%	41.29%	5.68%	-7.64%	6.65%	41.61%	35.07%	-187.7%	-35.36%	43.72%	8.93%
% of Operating Profit	147.65%	96.75%			34.36%	33.5%	23.36%	21.23%	38.01%	58.55%	60.57%	203.4%	-369.57%	-212.1%	-194.68%	-79.25%
Other Income/Expense, Net	-$84.11M	-$62.95M	-$33.85M	-$38.46M	-$35.56M	-$35.00M	-$25.91M	-$25.53M	$45.80M	-$27.53M	-$21.73M	-$15.01M	$0.00
YoY Change	33.6%	86.01%	-12.0%	8.16%	1.61%	35.07%	1.48%	-155.75%	-266.35%	26.7%	44.81%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	-$25.32M	$4.828M	-$67.11M	-$147.9M	$83.85M	$90.20M	$101.2M	$106.8M	$125.8M	$21.18M	$11.52M	-$7.675M	-$12.80M	-$20.70M	-$17.80M	$4.000M
YoY Change	-624.4%	-107.19%	-54.61%	-276.35%	-7.05%	-10.86%	-5.26%	-15.1%	494.14%	83.83%	-250.08%	-40.04%	-38.16%	16.29%	-545.0%
Income Tax	$2.798M	$3.611M	$1.473M	$1.376M	$1.500M	-$922.0K	$1.674M	-$1.450M	$553.0K	$744.0K	$4.894M	-$728.0K	-$1.900M	$200.0K	$0.00	$800.0K
% Of Pretax Income		74.79%			1.79%	-1.02%	1.65%	-1.36%	0.44%	3.51%	42.49%					20.0%
Net Earnings	-$28.12M	$1.217M	-$65.57M	-$143.3M	$82.61M	$90.92M	$99.21M	$107.8M	$124.4M	$20.87M	$5.878M	-$1.076M	-$10.38M	-$20.92M	-$16.30M	$13.10M
YoY Change	-2410.27%	-101.86%	-54.25%	-273.51%	-9.14%	-8.36%	-7.97%	-13.37%	496.22%	255.07%	-646.28%	-89.64%	-50.36%	28.34%	-224.43%
Net Earnings / Revenue	-3.82%	0.18%	-18.12%	-61.14%	15.04%	16.03%	19.25%	22.75%	26.85%	5.17%	1.97%	-0.67%	-7.28%	-15.43%	-13.45%	9.7%
Basic Earnings Per Share	-$0.27	-$0.16	-$0.80	-$1.52	$0.65		$0.79	$1.00	$1.25	$0.05
Diluted Earnings Per Share	-$0.27	-$0.16	-$0.80	-$1.52	$0.65	$875.7K	$0.79	$1.00	$1.24	$0.05	$83.93K	-$32.64K	-$333.3K	-$11.00M	-$9.588M	$8.188M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$37.84M	$51.26M	$64.49M	$20.70M	$42.20M	$44.10M	$36.50M	$34.70M	$29.30M	$38.60M	$46.70M	$14.00M	$10.50M	$8.000M	$8.200M
YoY Change	-26.18%	-20.52%	211.52%	-50.95%	-4.31%	20.82%	5.19%	18.43%	-24.09%	-17.34%	233.57%	33.33%	31.25%	-2.44%
Cash & Equivalents	$37.84M	$51.26M	$64.49M	$20.70M	$42.20M	$44.10M	$36.50M	$34.70M	$29.30M	$38.60M	$46.70M	$14.00M	$10.50M	$8.000M	$8.200M
Short-Term Investments
Other Short-Term Assets	$3.423M	$3.681M	$8.404M	$6.700M	$5.500M	$2.800M	$9.500M	$6.500M	$15.30M	$6.200M	$8.900M	$700.0K	$400.0K	$500.0K	$1.400M
YoY Change	-7.01%	-56.2%	25.43%	21.82%	96.43%	-70.53%	46.15%	-57.52%	146.77%	-30.34%	1171.43%	75.0%	-20.0%	-64.29%
Inventory
Prepaid Expenses
Receivables	$21.35M	$21.02M	$14.48M	$11.80M	$13.30M	$14.00M	$17.00M	$11.80M	$9.400M	$7.700M	$7.200M	$5.500M	$3.400M	$7.300M	$2.600M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$500.0K	$0.00	$0.00
Total Short-Term Assets	$62.61M	$75.95M	$87.37M	$39.20M	$61.00M	$60.90M	$63.00M	$53.00M	$54.00M	$52.50M	$62.80M	$20.20M	$14.80M	$15.80M	$12.20M
YoY Change	-17.57%	-13.06%	122.87%	-35.74%	0.16%	-3.33%	18.87%	-1.85%	2.86%	-16.4%	210.89%	36.49%	-6.33%	29.51%
Property, Plant & Equipment	$2.764B	$2.828B	$2.119B	$2.134B	$2.214B	$2.066B	$2.060B	$1.539B	$1.333B	$1.339B	$1.150B	$734.4M	$498.9M	$445.7M	$482.8M
YoY Change	-2.25%	33.44%	-0.73%	-3.6%	7.19%	0.3%	33.83%	15.41%	-0.45%	16.47%	56.59%	47.2%	11.94%	-7.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$0.00	$23.70M	$30.90M	$30.70M	$36.10M	$17.60M	$12.80M	$300.0K	$0.00	$10.30M	$0.00
YoY Change			-100.0%	-23.3%	0.65%	-14.96%	105.11%	37.5%	4166.67%		-100.0%
Other Assets	$90.55M	$96.31M	$43.28M	$23.00M	$34.90M	$46.00M	$35.90M	$91.30M	$159.8M	$47.90M	$64.50M	$24.80M	$16.10M	$9.600M	$10.60M
YoY Change	-5.98%	122.53%	88.17%	-34.1%	-24.13%	28.13%	-60.68%	-42.87%	233.61%	-25.74%	160.08%	54.04%	67.71%	-9.43%
Total Long-Term Assets	$2.877B	$2.946B	$2.178B	$2.194B	$2.295B	$2.161B	$2.147B	$1.666B	$1.521B	$1.407B	$1.232B	$790.6M	$539.2M	$477.2M	$506.0M
YoY Change	-2.36%	35.31%	-0.74%	-4.4%	6.17%	0.68%	28.9%	9.47%	8.17%	14.19%	55.79%	46.62%	12.99%	-5.69%
Total Assets	$2.939B	$3.022B	$2.265B	$2.233B	$2.356B	$2.222B	$2.210B	$1.719B	$1.575B	$1.459B	$1.295B	$810.8M	$554.0M	$493.0M	$518.2M
YoY Change
Accounts Payable	$4.827M	$5.517M	$4.462M	$2.700M	$4.800M	$5.400M	$7.800M	$4.600M	$2.900M	$7.300M	$7.600M	$5.000M	$1.700M	$1.600M	$1.600M
YoY Change	-12.51%	23.64%	65.26%	-43.75%	-11.11%	-30.77%	69.57%	58.62%	-60.27%	-3.95%	52.0%	194.12%	6.25%	0.0%
Accrued Expenses	$98.62M	$96.93M	$62.93M	$49.90M	$67.00M	$51.20M	$56.50M	$46.90M	$42.20M	$38.10M	$27.20M	$19.00M	$15.80M	$11.10M	$9.200M
YoY Change	1.75%	54.01%	26.12%	-25.52%	30.86%	-9.38%	20.47%	11.14%	10.76%	40.07%	43.16%	20.25%	42.34%	20.65%
Deferred Revenue
YoY Change
Short-Term Debt	$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	$21.50M
YoY Change														-100.0%
Long-Term Debt Due				$3.900M	$3.700M										$134.4M
YoY Change				5.41%
Total Short-Term Liabilities	$103.4M	$102.4M	$67.40M	$56.50M	$75.50M	$56.60M	$64.30M	$51.50M	$45.10M	$45.40M	$34.80M	$24.00M	$17.50M	$12.70M	$166.7M
YoY Change	0.98%	52.0%	19.28%	-25.17%	33.39%	-11.98%	24.85%	14.19%	-0.66%	30.46%	45.0%	37.14%	37.8%	-92.38%
Long-Term Debt	$1.431B	$1.452B	$1.070B	$1.091B	$1.012B	$958.7M	$868.2M	$652.4M	$671.5M	$626.5M	$435.6M	$312.6M	$217.1M	$420.4M	$270.4M
YoY Change	-1.46%	35.71%	-1.93%	7.74%	5.6%	10.42%	33.08%	-2.84%	7.18%	43.82%	39.35%	43.99%	-48.36%	55.47%
Other Long-Term Liabilities	$8.437M	$9.863M	$20.52M	$33.60M	$24.40M	$14.80M		$1.100M	$1.800M	$2.000M	$1.800M	$600.0K	$0.00
YoY Change	-14.46%	-51.93%	-38.94%	37.7%	64.86%			-38.89%	-10.0%	11.11%	200.0%
Total Long-Term Liabilities	$1.439B	$1.462B	$1.090B	$1.124B	$1.037B	$973.5M	$868.2M	$653.5M	$673.3M	$628.5M	$437.4M	$313.2M	$217.1M	$420.4M	$270.4M
YoY Change	-1.54%	34.06%	-3.03%	8.45%	6.5%	12.13%	32.85%	-2.94%	7.13%	43.69%	39.66%	44.27%	-48.36%	55.47%
Total Liabilities	$2.028B	$2.062B	$1.317B	$1.244B	$1.182B	$1.032B	$935.4M	$708.5M	$722.7M	$679.4M	$484.6M	$374.0M	$275.8M	$431.5M	$435.3M
YoY Change	-1.67%	56.62%	5.83%	5.28%	14.48%	10.37%	32.03%	-1.96%	6.37%	40.2%	29.57%	35.61%	-36.08%	-0.87%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	105.5M shares	105.1M shares	104.5M shares	104.1M shares	103.9M shares	103.6M shares	99.41M shares	86.87M shares	85.92M shares	85.24M shares	70.33M shares	33.72M shares	27.28M shares
Diluted Shares Outstanding	105.5M shares	105.1M shares	104.5M shares	104.1M shares	103.9M shares	103.8M shares	99.78M shares	87.34M shares	87.14M shares	85.57M shares	70.74M shares	33.85M shares	27.28M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $841.92 Million

About Summit Hotel Properties, Inc.

Summit Hotel Properties, Inc. is a real estate investment trust, which engages in both general and limited partnership interests in Summit Hotel OP, LP. The company is headquartered in Austin, Texas and currently employs 78 full-time employees. The company went IPO on 2011-02-09. The firm is focused on owning premium-branded lodging properties with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of approximately 96 assets, 54 of which are wholly owned, with a total of 14,256 guestrooms located in 24 states. Its properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). The company holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership.

Industry: Real Estate Investment Trusts Peers: Braemar Hotels & Resorts Inc. ASHFORD HOSPITALITY TRUST INC Chatham Lodging Trust DiamondRock Hospitality Co HERSHA HOSPITALITY TRUST HOST HOTELS & RESORTS, INC. Service Properties Trust RLJ Lodging Trust Xenia Hotels & Resorts, Inc.