$SHO
Sunstone Hotel Investors, Inc.

2024 Q4 Form 10-Q Financial Statement

#000155837024015239 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $226.4M
YoY Change -8.6%
Cost Of Revenue $89.55M
YoY Change -5.63%
Gross Profit $136.8M
YoY Change -10.45%
Gross Profit Margin 60.44%
Selling, General & Admin $11.99M
YoY Change 7.5%
% of Gross Profit 8.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.69M
YoY Change -4.26%
% of Gross Profit 23.16%
Operating Expenses $210.0M
YoY Change -4.93%
Operating Profit -$73.16M
YoY Change 7.47%
Interest Expense -$15.98M
YoY Change -234.37%
% of Operating Profit
Other Income/Expense, Net $2.350M
YoY Change 95.83%
Pretax Income $2.766M
YoY Change -82.88%
Income Tax -$483.0K
% Of Pretax Income -17.46%
Net Earnings $3.249M
YoY Change -79.12%
Net Earnings / Revenue 1.44%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 200.9M 203.3M
Diluted Shares Outstanding 201.4M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.5M
YoY Change 1.53%
Cash & Equivalents $115.5M
Short-Term Investments
Other Short-Term Assets $77.02M
YoY Change -75.86%
Inventory
Prepaid Expenses
Receivables $34.11M
Other Receivables $0.00
Total Short-Term Assets $226.7M
YoY Change -50.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.515M
YoY Change -24.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.15M
YoY Change -5.53%
Total Long-Term Assets $2.890B
YoY Change 9.99%
TOTAL ASSETS
Total Short-Term Assets $226.7M
Total Long-Term Assets $2.890B
Total Assets $3.117B
YoY Change 0.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.64M
YoY Change 4.51%
Accrued Expenses $2.984M
YoY Change -28.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $155.2M
YoY Change -2.79%
LONG-TERM LIABILITIES
Long-Term Debt $814.1M
YoY Change -0.07%
Other Long-Term Liabilities $22.39M
YoY Change -16.15%
Total Long-Term Liabilities $836.5M
YoY Change -0.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $155.2M
Total Long-Term Liabilities $836.5M
Total Liabilities $991.7M
YoY Change -0.94%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.009M
YoY Change -2.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.125B
YoY Change
Total Liabilities & Shareholders Equity $3.117B
YoY Change 0.9%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $3.249M
YoY Change -79.12%
Depreciation, Depletion And Amortization $31.69M
YoY Change -4.26%
Cash From Operating Activities $46.61M
YoY Change -24.46%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$41.41M
YoY Change 276.45%
Cash From Investing Activities -$41.41M
YoY Change 276.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.64M
YoY Change 59.73%
NET CHANGE
Cash From Operating Activities 46.61M
Cash From Investing Activities -41.41M
Cash From Financing Activities -46.64M
Net Change In Cash -41.44M
YoY Change -292.76%
FREE CASH FLOW
Cash From Operating Activities $46.61M
Capital Expenditures $0.00
Free Cash Flow $46.61M
YoY Change -24.46%

Facts In Submission

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ProvisionForDoubtfulAccounts
319000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
184000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
457000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
59000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9930000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-1095000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
3348000
us-gaap Depreciation
Depreciation
90862000
us-gaap Depreciation
Depreciation
97540000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
979000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
332000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2219000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1960000
us-gaap Share Based Compensation
ShareBasedCompensation
8381000
us-gaap Share Based Compensation
ShareBasedCompensation
8263000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
314000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
3722000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7477000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5555000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5804000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
275000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-3851000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-271000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-82000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
139883000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168742000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
229330000
us-gaap Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
10000000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
314000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
3722000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
110241000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
73944000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-339257000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60222000
sho Payment For Acquisition Of Noncontrolling Interest
PaymentForAcquisitionOfNoncontrollingInterest
299000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
428000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26294000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
35523000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4160000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3348000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
225000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1613000
us-gaap Repayments Of Debt
RepaymentsOfDebt
221554000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2332000
us-gaap Payments Of Dividends
PaymentsOfDividends
69697000
us-gaap Payments Of Dividends
PaymentsOfDividends
42246000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-101764000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-80730000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-301138000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27790000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
493698000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157206000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192560000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184996000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
115542000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113768000
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
77018000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
71228000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192560000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184996000
us-gaap Interest Paid Net
InterestPaidNet
39734000
us-gaap Interest Paid Net
InterestPaidNet
39013000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3476000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1272000
us-gaap Operating Lease Payments
OperatingLeasePayments
4288000
us-gaap Operating Lease Payments
OperatingLeasePayments
4150000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-3425000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-3304000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-3696000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-3386000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-271000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-82000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25247000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12029000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2163000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
155000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
352000
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22619000
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17765000
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10.1pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:24.5pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p>
CY2024Q3 us-gaap Profit Loss
ProfitLoss
3249000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
15558000
us-gaap Profit Loss
ProfitLoss
42426000
us-gaap Profit Loss
ProfitLoss
79723000
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3931000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3226000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11297000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10762000
CY2024Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
62000
CY2023Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
72000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
211000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
176000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
178000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-744000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12260000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30918000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68607000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201402000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205570000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202261000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206257000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
212000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
596000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
296000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
201402000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205782000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202857000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206553000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2023Q3 sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2024Q3 sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Leases Initial Maximum Term Not Recorded On Balance Sheet
LeasesInitialMaximumTermNotRecordedOnBalanceSheet
P12M
sho Leases Initial Minimum Term Recorded Right Of Use Assets
LeasesInitialMinimumTermRecordedRightOfUseAssets
P12M
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2023Q3 sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2024Q3 sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
13306000
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
14431000
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50562000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45432000
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4600000
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000.0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38300000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
41900000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q3 us-gaap Land
Land
645884000
CY2023Q4 us-gaap Land
Land
614112000
CY2024Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2818307000
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2587278000
CY2024Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
442872000
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
407861000
CY2024Q3 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
44063000
CY2023Q4 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
42187000
CY2024Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
117513000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
61247000
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4068639000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3712685000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1218764000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1127406000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2849875000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2585279000
CY2024Q3 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.511
CY2023Q4 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.512
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
817437000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
819050000
CY2024Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-1079000
CY2023Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
16000
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3326000
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1469000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1095000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3348000
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
13300000
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8123000
CY2024Q3 us-gaap Inventory Gross
InventoryGross
10474000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
9185000
CY2024Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2574000
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3627000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2515000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3120000
CY2023Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
417000
CY2024Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
437000
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
552000
CY2024Q3 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
930000
CY2023Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
930000
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
436000
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
429000
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
30666000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
26383000
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
817437000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
819050000
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-3325000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-4491000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
814112000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
814559000
CY2024Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12395000
CY2023Q3 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12623000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
37012000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
36299000
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3326000
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1469000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1095000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3348000
CY2024Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
741000
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
740000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2219000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1960000
CY2024Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
480000
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
641000
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
15982000
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
11894000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
39685000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
34911000
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50562000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45432000
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
15254000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6903000
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2984000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6346000
CY2024Q3 us-gaap Deferred Rent Credit
DeferredRentCredit
1752000
CY2023Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
2711000
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2860000
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
1079000
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
401000
CY2024Q3 sho Management Fees Payable
ManagementFeesPayable
184000
CY2023Q4 sho Management Fees Payable
ManagementFeesPayable
1321000
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
6517000
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
7040000
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
78332000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
73014000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9330000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12755000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
13039000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16735000
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1334000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1360000
us-gaap Operating Lease Cost
OperatingLeaseCost
4024000
us-gaap Operating Lease Cost
OperatingLeaseCost
4068000
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2015000
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2481000
us-gaap Variable Lease Cost
VariableLeaseCost
6521000
us-gaap Variable Lease Cost
VariableLeaseCost
6764000
CY2024Q3 sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
296000
CY2023Q3 sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
296000
sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
890000
sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
890000
CY2024Q3 us-gaap Lease Cost
LeaseCost
3053000
CY2023Q3 us-gaap Lease Cost
LeaseCost
3545000
us-gaap Lease Cost
LeaseCost
9655000
us-gaap Lease Cost
LeaseCost
9942000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.310
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0434
CY2024Q3 us-gaap Marketing Expense
MarketingExpense
4411000
CY2023Q3 us-gaap Marketing Expense
MarketingExpense
4025000
us-gaap Marketing Expense
MarketingExpense
12781000
us-gaap Marketing Expense
MarketingExpense
11842000
CY2024Q3 us-gaap Royalty Expense
RoyaltyExpense
300000
CY2023Q3 us-gaap Royalty Expense
RoyaltyExpense
253000
us-gaap Royalty Expense
RoyaltyExpense
954000
us-gaap Royalty Expense
RoyaltyExpense
914000
CY2024Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4711000
CY2023Q3 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4278000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
13735000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
12756000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001558370-24-015239-index-headers.html Edgar Link pending
0001558370-24-015239-index.html Edgar Link pending
0001558370-24-015239.txt Edgar Link pending
0001558370-24-015239-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
sho-20240930.xsd Edgar Link pending
sho-20240930x10q.htm Edgar Link pending
sho-20240930xex31d1.htm Edgar Link pending
sho-20240930xex31d2.htm Edgar Link pending
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sho-20240930_cal.xml Edgar Link unprocessable
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sho-20240930_lab.xml Edgar Link unprocessable
sho-20240930_pre.xml Edgar Link unprocessable
sho-20240930x10q_htm.xml Edgar Link completed