secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001558370-23-008196
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Q1 net income $21.1M; RevPAR up 32% to $218; secured $225M term loan
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- Net income $21.1M vs $15.1M Q1 2022; Adj. FFO per diluted share $0.21 (up 162.5%).
- Comparable RevPAR $218.82 (+32.0%); ADR $313.94, occupancy 69.7%.
- Entered $225M unsecured delayed draw term loan facility maturing May 1, 2025 (extendable to 2026).
- All seven director nominees elected; 2022 say-on-pay approved with ~97% support; 1-year frequency chosen for future votes.
- Refinanced only 2023 debt maturity; continued share repurchases and dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837023008196/0001558370-23-008196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837023008196/sho-20230501x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer