Summit Hotel Properties (Summit Hotel Properties) Other Income (Expense) : $-15.77 Mil (TTM As of Dec. 2023)

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What is Summit Hotel Properties Other Income (Expense)?

Summit Hotel Properties's other income expense for the Summit Hotel Properties's pretax income for the three months ended in Dec. 2023 was $-16.10 Mil. Its other income expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-15.77 Mil.

Summit Hotel Properties Other Income (Expense) Historical Data

The historical data trend for Summit Hotel Properties's Other Income (Expense) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Summit Hotel Properties Other Income (Expense) Chart

Summit Hotel Properties Annual Data

Trend

Dec14

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Dec20

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Dec23

Other Income (Expense)

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48.37

3.07

-5.30

10.23

-16.01

Summit Hotel Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Other Income (Expense)	Get a 7-Day Free Trial															-11.15	0.26	-0.58	0.65	-16.10

Summit Hotel Properties Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.77 Mil.

Summit Hotel Properties (NYSE:INNpCCL.PFD) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Summit Hotel Properties (Summit Hotel Properties) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNpCCL.PFD) » Definitions » Other Income (Expense)

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INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.