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  "documentTitle": "Summit Hotel Properties | Results Presentation Deck | 33 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-02-01 00:00:00",
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      "text": "SUMMIT\nHOTEL PROPERTIES",
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      "text": "(1) The total of these line items represents depreciation and amortization as reported on the Company's Condensed Consolidated Statements of Operations for the periods presented.\n(2) Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the\nestimated value of the embedded purchase options in the notes receivable.\n(3) The Company includes the outstanding OP units issued by Summit Hotel OP, LP, the Company's operating partnership, held by limited partners other than the Company because the OP units are\nredeemable for cash or, at the Company's option, shares of the Company's common stock on a one-for-one basis.",
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      "text": "Net (loss) income\nPreferred dividends\nDistributions to and accretion of redeemable non-controlling interests\nPremium on redemption of preferred stock\nLoss (income) related to non-controlling interests in consolidated joint ventures\nNet loss applicable to common shares and common units\nReal estate-related depreciation (1)\nLoss on write down or impairment of assets\nLoss (gain) on disposal of assets, net\nAdjustments related to non-controlling interests in consolidated joint ventures\nFFO applicable to common shares and common units\nRecoveries of credit losses\nAmortization of lease-related intangible assets\nAmortization of deferred financing costs\nAmortization of franchise fees (1)\nAmortization of intangible assets (1)\nEquity-based compensation\nExecutive transition costs\nTransaction costs\nDebt transaction costs\nPremium on redemption of preferred stock\nNon-cash interest income (2)\nNon-cash lease expense, net\nCasualty losses (recoveries), net\nAdjustments related to non-controlling interests in consolidated joint ventures\nSpecial allocation related to sale of joint venture asset\nAFFO applicable to common shares and common units\nFFO per common share / common unit\nAFFO per common share / common unit\nWeighted average diluted common shares / common units for FFO and AFFO (3)",
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