For the quarter ending 2025-09-30, SHO had $52,648K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 1,322 | 16,029 |
| Bad debt expense | 101 | 229 |
| Loss (gain) on sale of assets, net | 0 | -8,751 |
| Loss (gain) on extinguishment of debt, net | -180 | - |
| Noncash interest on derivatives, net | 495 | -1,163 |
| Depreciation | 33,549 | 65,639 |
| Amortization of franchise fees and other intangibles | 379 | 761 |
| Amortization of debt issuance costs | 980 | 1,802 |
| Amortization of deferred stock compensation | 1,905 | 4,836 |
| Gain on insurance recoveries | 674 | 99 |
| Accounts receivable | -13,243 | 8,899 |
| Prepaid expenses and other assets | 2,171 | 1,804 |
| Increase (decrease) in accounts payable and other operating liabilities | 6,209 | 2,655 |
| Changes in operating lease right-of-use assets and lease obligations, net | -158 | -300 |
| Net cash provided by operating activities | 54,370 | 90,763 |
| Proceeds from sale of hotel property | 0 | 46,348 |
| Acquisition of hotel property and other assets | 1,269 | - |
| Acquisition-related key money proceeds | 0 | 4,000 |
| Proceeds from insurance settlement, investing activities | 776 | 99 |
| Renovations and additions to hotel properties and other assets | 17,651 | 56,043 |
| Net cash used in investing activities | -18,144 | -5,596 |
| Repurchases of outstanding common stock | 2,257 | 98,470 |
| Repurchases of common stock for employee tax obligations | 0 | 4,278 |
| Proceeds from unsecured lines of credit | 23,000 | 27,000 |
| Payment on credit facility | 50,000 | - |
| Proceeds from issuance of debt | 149,600 | - |
| Payments on notes payable | 64,600 | - |
| Payments of deferred financing costs | 17,529 | 452 |
| Dividends and distributions paid | 21,792 | 44,323 |
| Net cash used in financing activities | 16,422 | -120,523 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 52,648 | -35,356 |
| Cash and cash equivalents at beginning of period | 180,277 | - |
| Cash and cash equivalents at end of period | 197,569 | - |
Sunstone Hotel Investors, Inc. (SHO)
Sunstone Hotel Investors, Inc. (SHO)