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as of 11-13-2026 3:52pm EST
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in California which generates the majority of its revenue; Florida; and Hawaii. The company's sole source of income is hotel revenue from its Hotel Ownership Segment.
| Founded: | 1995 | Country: | United States |
| Employees: | N/A | City: | ALISO VIEJO |
| Market Cap: | 2.3B | IPO Year: | 2004 |
| Target Price: | $12.40 | AVG Volume (30 days): | 3.1M |
| Analyst Decision: | Hold | Number of Analysts: | 12 |
| Dividend Yield: | Dividend Payout Frequency: | monthly | |
| EPS: | 0.43 | EPS Growth: | -71.43 |
| 52 Week Low/High: | $8.69 - $13.08 | Next Earning Date: | 11-06-2026 |
| Revenue: | $1,115,167,000 | Revenue Growth: | -3.79% |
| Revenue Growth (this year): | 4.56% | Revenue Growth (next year): | -3.24% |
| P/E Ratio: | 29.64 | Index: | |
| Free Cash Flow: | 61.8M | FCF Growth: | N/A |
Earnings Transcripts
SEC 8-K filings with transcript text
2026 Q3 Q3 2026 Earnings
8-K BUY Nov 6, 2026 · 100% conf.
Q3 2026 Earnings
8-K BUYNov 6, 2026 · 100% conf.
1D
+0.73%
$12.57
Act: +1.48%
5D
+3.01%
$12.85
20D
+1.06%
$12.61
EX-99.1
2 sho-ex99_1.htm
EX-99.1
EX-99.1
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2026
Completes Additional Accretive Common and Preferred Stock Repurchases
Further Increases Full Year Outlook
ALISO VIEJO, CA – November 6, 2026 – Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the third quarter ended September 30, 2026.
Third Quarter 2026 Operational Results (as compared to Third Quarter 2025):
• Net Income (Loss): Net income attributable to common stockholders was $38.7 million, or $0.21 per diluted share, as compared to a net loss attributable to common stockholders of $2.9 million, or $(0.02) per diluted share.
• RevPAR: RevPAR for all hotels in the portfolio increased 11.4% to $235.22. The average daily rate was $323.55 and occupancy was 72.7%. RevPAR excluding Andaz Miami Beach increased 10.3%.
• Total RevPAR: Total RevPAR for all hotels in the portfolio increased 10.5% to $394.97. Total RevPAR excluding Andaz Miami Beach increased 9.6%.
• Hotel Adjusted EBITDAre Margin: Hotel Adjusted EBITDAre Margin, excluding Andaz Miami Beach, increased 50 basis points to 26.7%. Excluding Hilton Key West Resort & Marina, which was under renovation during the quarter, and the impact of one-time items in the current and prior year, margins would have increased approximately 200 basis points.
• Adjusted EBITDAre: Adjusted EBITDAre increased 8.8% to $54.5 million.
• Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share increased 17.6% to $0.20.
Information regarding the non-GAAP financial measures disclosed in this release is provided below in “Non-GAAP Financial Measures.” Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release.
Bryan A. Giglia, Chief Executive Officer, stated, “Our portfolio performed very well in the third quarter and generated revenue and earnings that meaningfully exceeded our expectations. Our well-located portfolio grew Total RevPAR by over 10% and Adjusted FFO per diluted share by nearly 18%, driven by broad-based strength across demand segments and from the contribution of our recent investments. Given our strong performance in the quarter and our revised expectations for near-term trends, we are once again increasing our full year outlook. While current year fundamentals have been better than expected, we are also encouraged by the trends we are seeing for next year, with robust group pace, further recovery in certain of our markets, and additional contribution from our investment activity.”
Mr. Giglia continued, “Our capital allocation activity this year demonstrates the value creation potential of our strategy. By realizing private market values through opportunistic asset sales and redeploying proceeds into the repurchase of nearly $200 million of our common and preferred stock at meaningful discounts, we have increased Adjusted FFO and NAV per share while preserving our leverage profile. Our strong balance sheet and dynamic approach to capital allocation allow us to remain nimble and deploy capital toward the opportunities we believe will offer the most compelling risk-adjusted returns, whether through investments in our portfolio, acquisitions, or the repurchase of our securities.”
1
Unaudited Selected Statistical and Financial Data ($ in millions, except RevPAR, ADR and per share amounts).
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
Change
2026
2025
Change
Net Income
$
40.9
$
1.3
2,993.0
%
$
85.5
$
17.4
392.6
%
Net Income (Loss) Attributable to Common Stockholders
$
38.7
$
(2.9)
1,416.1
%
$
80.6
$
5.2
1,442.8
%
Net Income (Loss) Attributable to Common Stockholders per Diluted Share
$
0.21
$
(0.02)
1,150.0
%
$
0.43
$
0.03
1,333.3
%
Total Portfolio Operating Statistics (1)
RevPAR
$
235.22
$
211.15
11.4
%
$
249.34
$
225.00
10.8
%
Occupancy
72.7
%
68.1
%
460
bps
74.4
%
70.5
%
390
bps
Average Daily Rate
$
323.55
$
310.06
4.4
%
$
335.13
$
319.15
5.0
%
Total RevPAR
$
394.97
$
357.35
10.5
%
$
416.18
$
378.54
9.9
%
Operating Statistics, excluding Andaz Miami Beach (2)
RevPAR
$
238.48
$
216.20
10.3
%
$
245.25
$
233.37
5.1
%
Occupancy
73.8
%
69.7
%
410
bps
74.6
%
73.1
%
150
bps
Average Daily Rate
$
323.15
$
310.18
4.2
%
$
328.75
$
319.25
3.0
%
Total RevPAR
$
399.89
$
364.94
9.6
%
$
411.07
$
392.11
4.8
%
Hotel Adjusted EBITDAre Margin, excluding Andaz Miami Beach (2)
26.7
%
26.2
%
50
bps
28.7
%
28.9
%
(20)
bps
Adjusted EBITDAre
$
54.5
$
50.1
8.8
%
$
198.9
$
180.0
10.5
%
Adjusted FFO Attributable to Common Stockholders
$
37.2
$
31.7
17.1
%
$
146.3
$
129.0
13.5
%
Adjusted
2026 Q2 Q2 2026 Earnings
8-K BUY Aug 6, 2026 · 100% conf.
Q2 2026 Earnings
8-K BUYAug 6, 2026 · 100% conf.
1D
+0.77%
$11.38
Act: -1.86%
5D
+3.04%
$11.63
Act: -3.54%
20D
+1.09%
$11.41
EX-99.1
2 sho-20260806xex99d1.htm
EX-99.1
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2026
Completes Sale of Hyatt Regency San Francisco and Increases Full Year Outlook
ALISO VIEJO, CA – August 6, 2026 – Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the second quarter ended June 30, 2026.
Second Quarter 2026 Operational Results (as compared to Second Quarter 2025):
●Net Income: Net income attributable to common stockholders was $26.0 million, or $0.14 per diluted share, as compared to $6.8 million, or $0.03 per diluted share.
●RevPAR: RevPAR for all hotels in the portfolio increased 9.3% to $263.61. The average daily rate was $339.71 and occupancy was 77.6%. RevPAR excluding Andaz Miami Beach increased 4.3%.
●Total RevPAR: Total RevPAR for all hotels in the portfolio increased 7.7% to $434.00. Total RevPAR excluding Andaz Miami Beach increased 3.0%.
●Adjusted EBITDAre: Adjusted EBITDAre increased 5.5% to $76.7 million.
●Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share increased 14.3% to $0.32.
Information regarding the non-GAAP financial measures disclosed in this release is provided below in “Non-GAAP Financial Measures.” Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release.
Bryan A. Giglia, Chief Executive Officer, stated, “We are pleased with our performance in the second quarter as both revenue and profitability meaningfully exceeded expectations. Our well-located portfolio benefited from robust leisure demand as a result of increased summer travel and special events which added to sustained strength in group and corporate demand. Given our outperformance in the second quarter and stronger near-term trends, we are increasing our outlook for the year.”
Mr. Giglia continued, “In late July, we closed on the sale of Hyatt Regency San Francisco, realizing an attractive private market value for a low-yielding asset. The implied valuation multiple on the sale is well in excess of where we are trading and allows us to deliver to our shareholders the value of future growth, today. In anticipation of the sale, starting earlier this year, we began accretively deploying a portion of the sale proceeds into the discounted repurchase of common and preferred stock and expect to generate additional shareholder value and grow NAV per share through the redeployment of the remaining proceeds.”
1
Unaudited Selected Statistical and Financial Data ($ in millions, except RevPAR, ADR and per share amounts).
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
Change
2026
2025
Change
Net Income
$
26.0
$
10.8
141.6
%
$
44.6
$
16.0
178.1
%
Net Income Attributable to Common Stockholders
$
26.0
$
6.8
279.7
%
$
41.9
$
8.2
413.5
%
Net Income Attributable to Common Stockholders per Diluted Share
$
0.14
$
0.03
366.7
%
$
0.22
$
0.04
450.0
%
Total Portfolio Operating Statistics (1)
RevPAR
$
263.61
$
241.22
9.3
%
$
259.15
$
232.01
11.7
%
Occupancy
77.6
%
74.6
%
300
bps
75.8
%
72.3
%
350
bps
Average Daily Rate
$
339.71
$
323.35
5.1
%
$
341.89
$
320.90
6.5
%
Total RevPAR
$
434.00
$
403.11
7.7
%
$
422.70
$
382.94
10.4
%
Operating Statistics, excluding Andaz Miami Beach (2)
RevPAR
$
260.27
$
249.63
4.3
%
$
252.75
$
240.67
5.0
%
Occupancy
77.8
%
77.2
%
60
bps
75.7
%
75.0
%
70
bps
Average Daily Rate
$
334.54
$
323.35
3.5
%
$
333.88
$
320.89
4.0
%
Total RevPAR
$
429.01
$
416.50
3.0
%
$
413.56
$
397.24
4.1
%
Hotel Adjusted EBITDAre Margin, excluding Andaz Miami Beach (2)
29.4
%
30.4
%
(100)
bps
28.3
%
28.2
%
10
bps
Adjusted EBITDAre
$
76.7
$
72.7
5.5
%
$
144.4
$
129.9
11.2
%
Adjusted FFO Attributable to Common Stockholders
$
59.0
$
55.7
6.0
%
$
109.2
$
97.2
12.3
%
Adjusted FFO Attributable to Common Stockholders per Diluted Share
$
0.32
$
0.28
14.3
%
$
0.58
$
0.49
18.4
%
(1)Includes the 14 hotels owned by the Compan
2026 Q1 Q1 2026 Earnings
8-K May 5, 2026
Q1 2026 Earnings
8-KMay 5, 2026
EX-99.1
2 sho-20260501xex99d1.htm
EX-99.1
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2026
Completes Additional Accretive Common and Preferred Stock Repurchases
ALISO VIEJO, CA – May 5, 2026 – Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the first quarter ended March 31, 2026.
First Quarter 2026 Operational Results (as compared to First Quarter 2025):
●Net Income: Net income attributable to common stockholders was $16.0 million, or $0.08 per diluted share, as compared to $1.3 million, or $0.01 per diluted share.
●RevPAR: RevPAR for all hotels in the portfolio increased 14.6% to $255.04. The average daily rate was $344.19 and occupancy was 74.1%. RevPAR excluding Andaz Miami Beach increased 5.7%.
●Total RevPAR: Total RevPAR for all hotels in the portfolio increased 13.4% to $411.28. Total RevPAR excluding Andaz Miami Beach increased 5.3%.
●Adjusted EBITDAre: Adjusted EBITDAre increased 18.3% to $67.7 million.
●Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share increased 28.6% to $0.27.
Information regarding the non-GAAP financial measures disclosed in this release is provided below in “Non-GAAP Financial Measures.” Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release.
Bryan A. Giglia, Chief Executive Officer, stated, “We are pleased with our performance in the first quarter which came in ahead of our expectations despite weather-related headwinds at several hotels throughout the quarter. While the strength was broad based, we were particularly encouraged by our resort portfolio, including solid first quarter performance at Andaz Miami Beach. Our first quarter results demonstrate the embedded growth potential of our portfolio as we benefit from our prior investments and some of our larger markets continue to normalize. We are revising our full year outlook higher to reflect the outperformance in the first quarter, and while trends in the initial months of 2026 give us reasons to be optimistic about the remainder of the year, we retain a level of caution given the uncertain backdrop.”
Mr. Giglia continued, “We remain committed to addressing the valuation discount at which we trade and realizing the embedded value of our portfolio for our shareholders. While the transaction market has been quiet in recent years, we are beginning to see incremental activity, which may provide a more constructive backdrop in which to execute our capital recycling strategy. In the interim, we continue to deliver value through accretive buyback activity and have repurchased $49.2 million of common and preferred stock since the start of the year at attractive implied yields.”
1
Unaudited Selected Statistical and Financial Data ($ in millions, except RevPAR, ADR and per share amounts).
Quarter Ended March 31,
2026
2025
Change
Net Income
$
18.6
$
5.3
253.1
%
Net Income Attributable to Common Stockholders
$
16.0
$
1.3
1,105.1
%
Net Income Attributable to Common Stockholders per Diluted Share
$
0.08
$
0.01
743.2
%
Total Portfolio Operating Statistics (1)
RevPAR
$
255.04
$
222.46
14.6
%
Occupancy
74.1
%
69.9
%
420
bps
Average Daily Rate
$
344.19
$
318.26
8.1
%
Total RevPAR
$
411.28
$
362.54
13.4
%
Operating Statistics, excluding Andaz Miami Beach (2)
RevPAR
$
245.21
$
232.01
5.7
%
Occupancy
73.6
%
72.9
%
70
bps
Average Daily Rate
$
333.16
$
318.26
4.7
%
Total RevPAR
$
397.94
$
377.78
5.3
%
Hotel Adjusted EBITDAre Margin, excluding Andaz Miami Beach (2)
27.1
%
25.7
%
140
bps
Adjusted EBITDAre
$
67.7
$
57.3
18.3
%
Adjusted FFO Attributable to Common Stockholders
$
50.1
$
41.5
20.8
%
Adjusted FFO Attributable to Common Stockholders per Diluted Share
$
0.27
$
0.21
28.6
%
(1)Includes the 14 hotels owned by the Company as of March 31, 2026.
(2)Includes the 14 hotels owned by the Company as of March 31, 2026 with the exception of Andaz Miami Beach due to its renovation activity during 2025.
Recent Developments
Stock Repurchase Program. During the first quarter of 2026, the Company repurchased an aggregate amount of $36.4 million, before expenses, of its common and preferred stock. From the start of this year through May 1, 2026, the Company has allocated a total of $49.2 million, before expenses, into repurchases of its common and preferred stock. The Company be
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The information presented on this page, "SHO Sunstone Hotel Investors Inc. Sunstone Hotel Investors Inc. - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.