Summit Hotel Properties Inc
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net (loss) income | $(3,556) | $(5,769) | $37,975 | $(6,849) |
| Other comprehensive (loss) income, net of tax: | ||||
| Changes in fair value of derivative financial instruments | (13,040) | 3,640 | (7,907) | 10,225 |
| Comprehensive (loss) income | (16,596) | (2,129) | 30,068 | 3,376 |
| Comprehensive loss attributable to non-controlling interests | 7,475 | 4,140 | 2,261 | 5,375 |
| Comprehensive (loss) income attributable to Summit Hotel Properties, Inc. | (9,121) | 2,011 | 32,329 | 8,751 |
| Distributions to and accretion on redeemable non-controlling interests | (656) | (656) | (1,970) | (1,970) |
| Preferred dividends and distributions | (3,968) | (3,968) | (11,906) | (11,906) |
| Comprehensive (loss) income attributable to common stockholders | $(13,745) | $(2,613) | $18,453 | $(5,125) |
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