For the quarter ending 2026-03-31, SHO-PH had -$19,037K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 18,557 | 7,217 | 17,351 |
| Bad debt expense | 336 | 115 | 330 |
| Loss (gain) on sale of assets, net | - | 0 | -8,751 |
| Loss (gain) on extinguishment of debt | - | 0 | -180 |
| Noncash interest on derivatives, net | 2,121 | -210 | -668 |
| Depreciation | 33,798 | 33,801 | 99,188 |
| Amortization of franchise fees and other intangibles | 379 | 379 | 1,140 |
| Amortization of deferred financing costs | 1,041 | 1,015 | 2,782 |
| Amortization of deferred stock compensation | 1,889 | 1,958 | 6,741 |
| Gain on insurance recoveries | 143 | 277 | 773 |
| Accounts receivable, net | 12,011 | 4,342 | -4,344 |
| Prepaid expenses and other assets | 6,457 | -3,221 | 3,975 |
| Accounts payable and other liabilities | 10,392 | -6,503 | 8,864 |
| Changes in operating lease right-of-use assets and lease obligations, net | -217 | -167 | -458 |
| Net cash provided by operating activities | 45,443 | 36,627 | 145,133 |
| Proceeds from sales of assets | - | 0 | 46,348 |
| Acquisitions of hotel properties and other assets | - | 0 | 1,269 |
| Acquisition-related key money proceeds | 4,000 | 4,000 | 4,000 |
| Proceeds from property insurance | 116 | 290 | 875 |
| Renovations and additions to hotel properties and other assets | 31,012 | 29,352 | 73,694 |
| Net cash used in investing activities | -26,896 | -25,062 | -23,740 |
| Repurchases of common stock | 29,144 | 1,864 | 100,727 |
| Repurchases of common stock for employee tax obligations | 3,165 | 0 | 4,278 |
| Repurchases of preferred stock | 7,324 | 1,272 | - |
| Proceeds from credit facility | - | 0 | 50,000 |
| Payments on credit facility | - | 0 | 50,000 |
| Proceeds from term loans | 90,000 | 0 | 149,600 |
| Payments on senior notes | 65,000 | 0 | 64,600 |
| Payments of deferred financing costs | - | 0 | 17,981 |
| Payment of securities registration costs | 240 | - | - |
| Dividends and distributions paid | 22,711 | 20,278 | 66,115 |
| Net cash used in financing activities | -37,584 | -23,414 | -104,101 |
| Net decrease in cash and cash equivalents and restricted cash | -19,037 | -11,849 | 17,292 |
| Cash and cash equivalents and restricted cash, beginning of period | 185,720 | 197,569 | 180,277 |
| Cash and cash equivalents and restricted cash, end of period | 166,683 | 185,720 | 197,569 |
Sunstone Hotel Investors, Inc. (SHO-PH)
Sunstone Hotel Investors, Inc. (SHO-PH)