← Summit Hotel Properties, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $473.9m $515.4m $567.3m $549.3m $234.5m $361.9m $675.7m $736.1m $731.8m $729.5m
Cost of Goods and Services Sold $295.7m $325.6m $316.6m $305.6m $162.0m $213.1m $387.3m $422.9m $402.2m $415.7m
Gross Profit (Calculated) (derived) $178.3m $189.8m $250.7m $243.8m $72.5m $148.8m $288.4m $313.2m $329.6m $313.8m
Operating expenses:
Operating Income (Loss) $82.5m $83.9m $125.2m $119.4m ($109.4m) ($33.3m) $67.8m $58.8m $103.5m $65.7m
Additional Financial Items
Amortization of Intangible Assets — — — — — — $4.0m $4.1m $3.3m $1.6m
Income (Loss) from Continuing Operations, Per Basic Share $1 — — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $1 — — — — — — — — —
Preferred Stock Dividends, Income Statement Impact $18.2m $17.4m $16.7m $14.8m $14.8m $15.4m $15.9m $15.9m $15.9m $15.9m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $342k $307k $271k $309k $81k $0 $0 — $4.1m ($2.9m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $106.8m $101.2m $90.2m $83.8m ($147.9m) ($67.1m) $4.8m ($25.3m) $30.1m ($10.8m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $87.1m $101.2m $90.2m $83.8m $147.9m $67.1m $4.8m $25.3m $30.1m $10.8m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $108.3m $101.2m $90.2m $83.8m $147.9m $67.1m $4.8m $25.3m $30.1m $10.8m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $101.2m $90.2m $83.8m $147.9m $67.1m $4.8m $25.3m $30.1m $10.8m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $101.2m $90.2m $83.8m $147.9m $67.1m $4.8m $25.3m $30.1m $10.8m
Net Income (Loss) Attributable to Parent $107.8m $99.2m $90.9m $82.6m ($143.3m) ($65.6m) $1.5m ($9.5m) $43.6m ($5.1m)
Net Income (Loss) Available to Common Stockholders, Basic $87.4m $79.2m $71.0m $67.8m ($158.3m) ($83.7m) ($16.9m) ($28.0m) $24.8m ($24.0m)
Net Income (Loss) Attributable to Noncontrolling Interest — — — — $5.9m $3.0m ($249k) ($18.6m) ($4.8m) ($6.6m)
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable $456k $307k $205k $157k ($271k) ($115k) $2.6m ($3.8m) — —
Earnings Per Share, Basic $1.00 $0.79 $0.72 $0.72 $0.18 ($0.80) ($0.16) ($0.27) $0.23 ($0.22)
Earnings Per Share, Diluted $1.00 $0.79 $0.68 $0.65 ($1.52) ($0.80) ($0.16) ($0.27) $0.22 ($0.22)
Weighted Average Number of Shares Outstanding, Basic 86.9m 99.4m 103.6m 103.9m 104.1m 104.5m 105.1m 105.5m 105.9m 106.8m
Weighted Average Number of Shares Outstanding, Diluted 87.3m 99.8m 103.8m 103.9m 104.1m 104.5m 105.1m 105.5m 132.4m 106.8m
General and Administrative Expense $19.3m $19.6m $21.5m $23.6m $21.0m $29.4m $30.8m $32.5m $31.9m $32.8m
Other Nonoperating Income (Expense) $2.6m $3.8m $6.9m $5.5m $4.8m $9.5m $2.6m $1.0m $4.4m $3.0m
Interest Expense (non-operating) — — — — — — — — $82.6m $80.7m
Business Combination, Acquisition Related Costs $3.5m $354k $0 $0 — $3.8m $749k $13k $10k $0
Interest Expense $28.1m $29.7m $41.9m $41.0m $43.3m $43.4m $65.6m $86.8m $82.6m $80.7m
Management Fee Expense — — — — — — — — $15.9m $15.8m
Income Tax Expense (Benefit) ($1.4m) $1.7m ($922k) $1.5m $1.4m $1.5m $3.6m $2.8m ($8.7m) $842k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.