Financial Statements As Reported

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

ASSETS

Investment in hotel properties, net 1,339,415 1,333,407 1,545,122 2,059,492 2,023,551
Investment in hotel properties under development 253 NA 0 23,793 28,267
Land held for development 8,183 5,742 5,742 2,942 2,942
Assets held for sale, net 300 133,138 62,695 1,193 23,161
Investment in real estate loans, net NA 12,803 17,585 12,356 18,454
Cash and cash equivalents 38,581 29,326 34,694 36,545 43,435
Restricted cash 34,395 23,073 24,881 29,462 31,483
Trade receivables, net 7,681 9,437 11,807 16,985 20,844
Prepaid expenses and other 6,181 15,281 6,474 9,454 8,654
Derivative financial instruments 66 NA NA NA NA
Deferred charges, net 9,641 3,628 3,727 5,221 5,050
Deferred tax asset, net 176 NA NA NA NA
Other assets 14,152 9,559 5,778 12,431 16,037
Total assets 1,459,024 1,575,394 1,718,505 2,209,874 2,221,878

LIABILITIES AND EQUITY

Liabilities

Debt, net of debt issuance costs 626,533 671,536 652,414 868,236 975,316
Accounts payable 7,271 2,947 4,623 7,774 4,748
Accrued expenses and other 38,062 42,174 47,998 56,488 60,941
Derivative financial instruments 1,957 1,811 NA NA NA
Total liabilities 673,823 718,468 705,035 932,498 1,041,005

Equity

Preferred stock
Series A 20 20 NA NA NA
7.875% Series B 30 30 30 NA NA
7.125% Series C 34 34 34 34 0
6.45% Series D NA 0 30 30 30
6.25% Series E NA NA 0 64 64
Common stock 861 868 935 1,043 1,047
Additional paid-in capital 888,191 894,060 1,011,412 1,262,679 1,180,421
Accumulated other comprehensive income (1,746) (1,666) (977) 1,451 5,183
(Distributions in excess of retained earnings) retained earnings (107,779) (40,635) (1,422) 9,201 (8,710)
Total stockholders' equity 779,611 852,711 1,010,042 1,274,502 1,178,035
Non-controlling interests in operating partnership 5,590 4,215 3,428 2,874 2,838
Total equity 785,201 856,926 1,013,470 1,277,376 1,180,873
Total liabilities and equity 1,459,024 1,575,394 1,718,505 2,209,874 2,221,878
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.