Sunstone Hotel Investors (SHO) Q1 2025 Earnings Call May 06, 2025 10:30 AM ET Company Participants Aaron Reyes - CFO & Executive VPBryan Giglia - CEO & DirectorRobert Springer - President & Chief Investment OfficerDavid Katz - Managing DirectorDany Asad - DirectorDuane Pfennigwerth - Senior Managing DirectorMichael Bellisario - Managing DirectorSmedes Rose - Director Conference Call Participants Chris Woronka - Analyst Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to th ...

Sunstone Hotel Investors (SHO) Q1 2025 Earnings Call May 06, 2025 10:30 AM ET Speaker0 Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will be given at that time. I would like to remind everyone that this conference is being recorded today, 05/06/2025, at 10:30 a. M. Eastern T ...

Core Insights - Sunstone Hotel Investors, Inc. reported first quarter results for 2025, highlighting a slight earnings increase despite a challenging operating environment [1][3] - The company opened the Andaz Miami Beach after a significant renovation, which is expected to enhance its portfolio value [3][8] - Adjustments to the full-year outlook were made due to increased economic uncertainty and variability in operating trends [3][14] Financial Performance - Net income for Q1 2025 was $5.3 million, down 59.7% from $13.0 million in Q1 2024 [4][7] - Adjusted FFO attributable to common stockholders increased by 10.6% to $41.5 million, with per diluted share rising 16.7% to $0.21 [4][7] - Total Portfolio RevPAR increased by 2.2% to $221.63, with occupancy at 70.1% [4][7] Operational Highlights - The Andaz Miami Beach features 287 guestrooms, a full-service spa, and premium dining options, positioning it as a key asset for future revenue growth [8][9] - The company repurchased 821,771 shares at an average price of $9.74 per share during Q1 2025, totaling $8.0 million [9] - As of March 31, 2025, the company had $148.8 million in cash and cash equivalents, with total assets of $3.1 billion [11] Capital Investments - Sunstone invested $28.2 million in its portfolio during Q1 2025, primarily for the Andaz Miami Beach transformation [12][13] - The company anticipates investing approximately $80 million to $100 million in 2025, focusing on ongoing renovations and improvements [13] Updated Guidance - The updated guidance for 2025 reflects a decrease in expected net income to a range of $33 million to $58 million, down from the previous estimate of $46 million to $71 million [14] - Total Portfolio RevPAR growth expectations were adjusted to 4.0% to 7.0%, down from 7.0% to 10.0% [14] Dividend Information - The Board of Directors authorized a cash dividend of $0.09 per share for common stock, payable on July 15, 2025 [16][17] - The company plans to continue quarterly cash dividends throughout 2025, subject to Board approval [17]

Sunstone Hotel Investors, Inc. (NYSE:SHO) Q4 2024 Earnings Conference Call February 21, 2025 1:00 PM ET Company Participants Aaron Reyes - CFO Bryan Giglia - CEO Robert Springer - President and Chief Investment Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Dori Kesten - Wells Fargo Michael Bellisario - Baird Chris Darling - Green Street Chris Woronka - Deutsche Bank Floris van Dijkum - Compass Point Patrick Scholes - Truist Securities Operator Good morning, ladies ...