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 6/30/2018 USD 2018 Q2 YTD 6/30/2018 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 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

ASSETS

Investment in hotel properties, net 1,339,415 1,333,407 1,545,122 2,059,492 2,014,587
Investment in hotel properties under development 253 NA 0 23,793 0
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 37,878
Investment in real estate loans, net NA 12,803 17,585 12,356 28,945
Cash and cash equivalents 38,581 29,326 34,694 36,545 48,885
Restricted cash 34,395 23,073 24,881 29,462 32,479
Trade receivables, net 7,681 9,437 11,807 16,985 20,916
Prepaid expenses and other 6,181 15,281 6,474 9,454 7,371
Derivative financial instruments 66 NA NA NA NA
Deferred charges, net 9,641 3,628 3,727 5,221 4,782
Deferred tax asset, net 176 NA NA NA NA
Other assets 14,152 9,559 5,778 12,431 17,483
Total assets 1,459,024 1,575,394 1,718,505 2,209,874 2,216,268

LIABILITIES AND EQUITY

Liabilities

Debt, net of debt issuance costs 626,533 671,536 652,414 868,236 950,497
Accounts payable 7,271 2,947 4,623 7,774 6,224
Accrued expenses and other 38,062 42,174 47,998 56,488 61,491
Derivative financial instruments 1,957 1,811 NA NA NA
Total liabilities 673,823 718,468 705,035 932,498 1,018,212

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 1,182,398
Accumulated other comprehensive income (1,746) (1,666) (977) 1,451 5,545
Retained earnings (107,779) (40,635) (1,422) 9,201 6,310
Total stockholders' equity 779,611 852,711 1,010,042 1,274,502 1,195,394
Non-controlling interests in operating partnership 5,590 4,215 3,428 2,874 2,662
Total equity 785,201 856,926 1,013,470 1,277,376 1,198,056
Total liabilities and equity 1,459,024 1,575,394 1,718,505 2,209,874 2,216,268
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.