SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2013

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 24 - SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected consolidated quarterly financial data for 2013 and 2012 follows (in thousands, except per share):

	2013
	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Total revenues	$	59,723		$	79,105	$	82,174		$	77,956
Net income (loss) from continuing operations	$	1,517		$	6,126	$	2,837		$	(3,855	)
Net income (loss) from discontinued operations	$	357		$	545	$	(3,410	)	$	1,780
Net income (loss)	$	1,874		$	6,671	$	(573	)	$	(2,075	)
Net income (loss) attributable to Summit Hotel Properties, Inc.	$	1,940		$	6,459	$	(662	)	$	(1,859	)
Earnings per common share - basic and diluted:
Net income (loss) from continuing operations	$	(0.03	)	$	0.03	$	(0.02	)	$	(0.09	)
Net income (loss) from discontinued operations	0.01			0.01		(0.05		)	0.02
Net income (loss)	$	(0.02	)	$	0.04	$	(0.07	)	$	(0.07	)

	2012
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenues	$	33,942		$	39,580		$	43,069		$	45,109
Net income (loss) from continuing operations	$	(1,245	)	$	(939	)	$	(411	)	$	(4,352	)
Net income (loss) from discontinued operations	$	(1,561	)	$	583		$	2,052		$	3,603
Net income (loss)	$	(2,806	)	$	(356	)	$	1,641		$	(749	)
Net income (loss) attributable to Summit Hotel Properties, Inc.	$	(1,736	)	$	(81	)	$	1,562		$	(821	)
Earnings per common share - basic and diluted:
Net income (loss) from continuing operations	$	(0.07	)	$	(0.06	)	$	(0.04	)	$	(0.11	)
Net income (loss) from discontinued operations	(0.04		)	0.02			0.06			0.07
Net income (loss)	$	(0.11	)	$	(0.04	)	$	0.02		$	(0.04	)

Note: Quarterly amounts for all four quarters of 2013 and 2012 are different from the previous Forms 10-Q and 10-K for these quarters due to reclassifications of hotel properties during 2013 to discontinued operations.