as of 09-01-2026 3:46pm 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: | 1.8B | IPO Year: | 2004 |
| Target Price: | $9.79 | AVG Volume (30 days): | 2.2M |
| Analyst Decision: | Hold | Number of Analysts: | 7 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 0.22 | EPS Growth: | -71.43 |
| 52 Week Low/High: | $8.69 - $12.07 | Next Earning Date: | 05-05-2026 |
| Revenue: | $1,115,167,000 | Revenue Growth: | -3.79% |
| Revenue Growth (this year): | 3.95% | Revenue Growth (next year): | 2.30% |
| P/E Ratio: | 50.77 | Index: | N/A |
| Free Cash Flow: | 61.8M | FCF Growth: | N/A |
SEC 8-K filings with transcript text
Aug 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
2 sho-20260806xex99d1.htm
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
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
May 5, 2026
2 sho-20260501xex99d1.htm
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
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
Feb 27, 2026
2 sho-20260227xex99d1.htm
Exhibit 99.1
For Additional Information:
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
Returned Over $170 Million to Common Stockholders in 2025 Through Dividends and Share Repurchases
Restores $500 Million Repurchase Authorization
ALISO VIEJO, CA – February 27, 2026 – Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO) today announced results for the fourth quarter and full year ended December 31, 2025.
Fourth Quarter 2025 Operational Results (as compared to Fourth Quarter 2024):
●Net Income: Net income was $7.2 million as compared to $0.8 million.
●Total Portfolio RevPAR: Total Portfolio RevPAR increased 9.6% to $220.12. The average daily rate was $319.01 and occupancy was 69.0%.
●Adjusted EBITDAre: Adjusted EBITDAre increased 17.6% to $56.6 million.
●Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share increased 25.0% to $0.20.
Full Year 2025 Operational Results (as compared to Full Year 2024):
●Net Income: Net income was $24.6 million as compared to $43.3 million. Excluding the loss on the sale of the Hilton New Orleans St. Charles in June 2025, net income for the full year 2025 would have been $33.3 million.
●Total Portfolio RevPAR: Total Portfolio RevPAR increased 3.8% to $225.12. The average daily rate was $317.07 and occupancy was 71.0%.
●Adjusted EBITDAre: Adjusted EBITDAre increased 3.0% to $236.6 million.
●Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share increased 7.5% to $0.86.
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 outperformed our expectations in the fourth quarter delivering impressive Total RevPAR growth of 12.5% as the benefit of our recent investment activity added to generally broad-based strength across our portfolio. We were particularly encouraged by stronger performance at Andaz Miami Beach and Wailea Beach Resort which saw robust demand over the festive period with the momentum continuing into 2026.”
Mr. Giglia continued, “While macroeconomic uncertainty and other factors impeded industry growth in 2025, we nevertheless had a productive year at Sunstone. We recycled out of a lower growth hotel and used the proceeds to accretively repurchase our stock, debuted Andaz Miami Beach, completed other capital investments intended to drive future growth, and returned over $170 million to our shareholders through share repurchases and dividends. While we see reasons to be optimistic about the year ahead, we remain cautious and know the operating environment can be impacted, both positively and negatively, by events outside of our control. In 2026, we will continue to execute our strategy of recycling capital, investing in our portfolio, and returning capital to shareholders while working to address the valuation discount at which we trade. We have an exceptional portfolio with meaningful growth potential, a flexible balance sheet with optionality, a nimble size that allows us to pivot among the most accretive capital allocation opportunities, and a singular focus to realize the embedded value of our portfolio for our shareholders.”
1
Unaudited Selected Statistical and Financial Data ($ in millions, except RevPAR, ADR and per share amounts).
Quarter Ended December 31,
Year Ended December 31,
2025
2024
Change
2025
2024
Change
Net Income
$
7.2
$
0.8
763.3
%
$
24.6
$
43.3
(43.2)
%
Income (Loss) Attributable to Common Stockholders per Diluted Share
$
0.02
$
(0.02)
200.0
%
$
0.04
$
0.14
(71.4)
%
Total Portfolio Operating Statistics (1)
RevPAR
$
220.12
$
200.75
9.6
%
$
225.12
$
216.86
3.8
%
Occupancy
69.0
%
65.1
%
390
bps
71.0
%
68.7
%
230
bps
Average Daily Rate
$
319.01
$
308.37
3.5
%
$
317.07
$
315.66
0.4
%
Total Portfolio Operating Statistics, excluding Andaz Miami Beach (2)
RevPAR
$
218.07
$
209.38
4.2
%
$
229.94
$
225.31
2.1
%
Occupancy
69.1
%
67.9
%
120
bps
72.7
%
71.3
%
140
bps
Average Daily Rate
$
315.59
$
308.37
2.3
%
$
316.28
$
316.00
0.1
%
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