Summit Hotel Properties Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
INN$7.44+3.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited
Condensed Consolidated Statements of Comprehensive Income (Loss)
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income (loss) | $2,833 | $(1,970) |
| Other comprehensive income (loss), net of tax: | ||
| Changes in fair value of derivative financial instruments | 5,696 | (4,388) |
| Comprehensive income (loss) | 8,529 | (6,358) |
| Comprehensive (income) loss attributable to non-controlling interests | (2,016) | 1,489 |
| Comprehensive income (loss) attributable to Summit Hotel Properties, Inc. | 6,513 | (4,869) |
| Distributions to and accretion on redeemable non-controlling interests | (657) | (657) |
| Preferred dividends and distributions | (3,970) | (3,970) |
| Comprehensive income (loss) attributable to common stockholders | $1,886 | $(9,496) |
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