For the quarter ending 2025-09-30, INN made -$4,980,000 in revenue. -$11,517,000 in net income. Net profit margin of 231.27%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loss on impairment and write-down of assets | - | - | - | 1,680,750 |
| Total revenues | - | - | 184,478,000 | 184,992,000 |
| Property taxes, insurance and other | - | - | 13,311,000 | 13,622,000 |
| Transaction costs | - | - | - | 0 |
| Management fees | - | - | 4,495,000 | 3,966,500 |
| Corporate general and administrative | - | - | 8,571,000 | 8,139,333.333 |
| Depreciation and amortization | - | - | 37,230,000 | 36,576,000 |
| Cost of goods and services sold | - | - | 101,045,000 | 100,419,333.333 |
| Total expenses | - | - | 164,652,000 | 165,377,000 |
| Gain on disposal of assets, net | - | - | 1,000 | 7,228,000 |
| Operating income | - | - | 19,827,000 | 25,725,500 |
| Gain on extinguishment of debt | - | - | - | 750,000 |
| Other income, net | - | - | 1,230,000 | 1,128,333.333 |
| Interest income | - | - | 276,000 | 485,333.333 |
| Interest expense | - | - | 19,956,000 | 20,734,666.667 |
| Total other expense, net | - | - | -18,450,000 | -18,121,000 |
| Income from continuing operations before income taxes | - | - | 1,377,000 | 7,604,500 |
| Income tax expense (note 13) | - | - | 754,000 | -3,025,000 |
| Net income | - | - | 623,000 | 10,629,500 |
| Less - income attributable to non-controlling interests | - | - | 680,000 | -281,000 |
| Net (loss) income | -11,760,000 | 2,037,000 | - | - |
| Net income (loss) attributable to summit hotel properties, inc. before preferred dividends and distributions | - | - | - | 10,910,500 |
| Net (loss) income attributable to summit hotel properties, inc. before preferred dividends | - | - | -57,000 | - |
| Distributions to and accretion on redeemable non-controlling interests | 656,000 | 657,000 | 657,000 | 4,176,166.667 |
| Preferred dividends | 3,968,000 | 3,968,000 | 3,970,000 | 3,969,000 |
| Losses attributable to non-controlling interests in joint ventures | -3,565,000 | -769,000 | - | - |
| Dividends paid on unvested time-based restricted stock | 113,000 | 117,000 | - | - |
| Allocation of loss (income) to participating securities | -1,415,000 | -210,000 | - | - |
| Numerator for (loss) income per common stockholder - basic | -11,517,000 | -1,726,000 | - | - |
| Interest rate effect on assumed conversion of convertible debt | 0 | - | - | - |
| Allocation of income to participating securities | 0 | 0 | - | - |
| Net loss attributable to common stockholders | - | - | -4,684,000 | 9,804,333.333 |
| Numerator for (loss) income per common stockholder - diluted | -11,517,000 | -1,726,000 | - | - |
| Basic (in dollars per share) | -0.11 | -0.02 | -0.04 | 0.09 |
| Basic (in shares) | 105,889,000 | 107,633,000 | 108,008,000 | -35,333.333 |
| Diluted (in dollars per share) | -0.11 | -0.02 | -0.04 | 0.087 |
| Diluted (in shares) | 105,889,000 | 107,633,000 | 108,008,000 | 8,777,333.333 |
Summit Hotel Properties, Inc. (INN)
Summit Hotel Properties, Inc. (INN)