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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 177,117 $ 176,807 $ 554,512 $ 558,852
Expenses:        
Property taxes, insurance and other 14,106 13,250 41,123 40,822
Management fees 3,142 2,728 12,048 12,059
Depreciation and amortization 37,634 36,708 112,123 109,965
Corporate general and administrative 7,845 7,473 24,696 24,488
Transaction costs 0 10 0 10
Total expenses 168,477 161,074 503,282 491,838
(Loss) gain on disposal of assets, net (57) 22 (136) 28,439
Operating income 8,583 15,755 51,094 95,453
Other income (expense):        
Interest expense (20,676) (20,428) (61,260) (62,840)
Interest income 259 450 836 1,473
Gain on extinguishment of debt 0 0 0 3,000
Other (expense) income, net (278) 999 1,810 3,813
Total other expense, net (20,695) (18,979) (58,614) (54,554)
(Loss) income from continuing operations before income taxes (12,112) (3,224) (7,520) 40,899
Income tax benefit (expense) (Note 13) 352 (332) (1,580) (2,924)
Net (loss) income (11,760) (3,556) (9,100) 37,975
Less - Loss attributable to non-controlling interests (5,083) (3,908) (5,379) (362)
Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends (6,677) 352 (3,721) 38,337
Less - Distributions to and accretion of redeemable non-controlling interests (656) (656) (1,970) (1,970)
Less - Preferred dividends (3,968) (3,968) (11,906) (11,906)
Net (loss) income attributable to common stockholders $ (11,301) $ (4,272) $ (17,597) $ 24,461
(Loss) income per common share:        
Basic (in dollars per share) $ (0.11) $ (0.04) $ (0.17) $ 0.23
Diluted (in dollars per share) $ (0.11) $ (0.04) $ (0.17) $ 0.21
Weighted-average common shares outstanding:        
Basic (in shares) 105,889 106,033 107,169 105,891
Diluted (in shares) 105,889 106,033 107,169 150,003
Room        
Revenues:        
Total revenues $ 156,323 $ 157,408 $ 490,653 $ 497,864
Expenses:        
Cost of goods and services sold 38,958 37,286 114,256 111,303
Food and beverage        
Revenues:        
Total revenues 10,017 9,272 32,202 30,174
Expenses:        
Cost of goods and services sold 8,217 7,289 24,596 23,130
Other        
Revenues:        
Total revenues 10,777 10,127 31,657 30,814
Expenses:        
Cost of goods and services sold $ 58,575 $ 56,330 $ 174,440 $ 170,061