v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 277,109 $ 259,772 $ 536,818 $ 493,837
Operating Expenses        
Advertising and promotion 14,561 14,222 28,253 27,338
Repairs and maintenance 10,267 9,875 21,921 19,560
Utilities 7,264 7,051 14,401 13,792
Franchise costs 4,960 4,843 9,545 9,302
Property tax, ground lease and insurance 21,101 18,954 41,555 37,851
Other property-level expenses 34,939 31,533 67,697 61,258
Corporate overhead 8,760 8,346 15,595 17,251
Depreciation and amortization 34,260 34,125 68,437 66,400
Impairment and other losses 1,639   1,639  
Total operating expenses 242,906 229,346 474,192 446,940
Interest and other income 3,791 2,300 5,324 3,864
Interest expense (11,782) (13,164) (23,059) (25,846)
Loss on sale of assets, net   (8,751)   (8,751)
Income before income taxes 26,212 10,811 44,891 16,164
Income tax provision, net (187) (37) (309) (135)
Net Income 26,025 10,774 44,582 16,029
Preferred stock dividends, net of gain on repurchases (46) (3,932) (2,648) (7,863)
Net income attributable to common stockholders $ 25,979 $ 6,842 $ 41,934 $ 8,166
Basic and diluted income per share        
Basic net income attributable to common stockholders per common share (in dollars per share) $ 0.14 $ 0.03 $ 0.22 $ 0.04
Diluted net income attributable to common stockholders per common share (in dollars per share) $ 0.14 $ 0.03 $ 0.22 $ 0.04
Basic weighted average common shares outstanding (in shares) 185,333 195,791 186,839 198,087
Diluted weighted average common shares outstanding (in shares) 185,550 196,304 187,097 198,859
Room [Member]        
Revenues        
Total revenues $ 168,268 $ 156,048 $ 329,315 $ 300,969
Operating Expenses        
Cost of goods and services sold 43,142 40,859 85,140 79,969
Food and beverage [Member]        
Revenues        
Total revenues 78,904 78,026 153,191 145,154
Operating Expenses        
Cost of goods and services sold 54,097 53,028 105,369 101,849
Other operating [Member]        
Revenues        
Total revenues 29,937 25,698 54,312 47,714
Operating Expenses        
Cost of goods and services sold $ 7,916 $ 6,510 $ 14,640 $ 12,370