Sunstone Hotel Investors, Inc.

SHO: 10-Q · periodic report

Sunstone Hotel Investors reported Q2 2026 total revenues of $277.1 million, up 6.7% year over year, with net income attributable to common stockholders of $26.0 million versus $6.8 million a year ago. Diluted EPS rose to $0.14 from $0.03, and first-half revenues reached $536.8 million, up 8.7%. The Comparable Portfolio delivered 4.3% RevPAR growth in the quarter on a 60 basis point occupancy gain to 77.8% and 3.5% ADR growth to $334.54. The reopened Andaz Miami Beach added $7.6 million of room revenue, and demand tied to FIFA World Cup matches in San Francisco and Boston boosted several hotels. Capital allocation was active: Sunstone repurchased 4.38 million common shares and 1.38 million preferred shares in the first half for a combined $68.7 million, buying back Series H and Series I preferred at discounts that generated $5.2 million of net gains. Roughly $438.9 million remains under the $500 million repurchase authorization. In subsequent events, the company sold Hyatt Regency San Francisco on July 30, 2026 for a gross price of $279.0 million and repaid its $25.0 million credit facility balance the next day. Q2 results also absorbed a $1.6 million storm-damage write-off at Wailea Beach Resort in Maui, partially offset by $3.6 million of insurance recoveries.

SEC 10-Q•2mo ago

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2026

Sunstone Hotel Investors reported strong Q2 results with Net Income of $26.0 million, up 279.7% year-over-year, and RevPAR increasing 9.3% to $263.61. Adjusted FFO per share rose 14.3% to $0.32. The company raised its full-year 2026 outlook, increasing Adjusted FFO per share guidance to $0.93-$0.98 and Net Income to $79M-$89M. Additionally, the Board declared a quarterly dividend of $0.09 per share. Sunstone completed the sale of the Hyatt Regency San Francisco for $279 million and has allocated $70.1 million of proceeds to date into discounted share repurchases. The company converted its Key West property to the Hilton brand to drive incremental earnings.

•2mo ago

SUNSTONE HOTEL INVESTORS ENTERS INTO AN AGREEMENT TO SELL HYATT REGENCY SAN FRANCISCO

Sunstone Hotel Investors entered into a definitive agreement to sell the 821-room Hyatt Regency San Francisco to Blackstone Real Estate affiliates for a gross price of $279 million. The company has already deployed nearly $70 million of the anticipated proceeds into repurchasing 4.4 million common shares and 1.4 million preferred shares at prices management considers accretive discounts to net asset value. The transaction is expected to close in late July or early August, with proceeds intended to facilitate reinvestment in higher-return opportunities.

•4mo ago

SHO: 8-K · other

Sunstone Hotel Investors (SHO) released an investor presentation highlighting strong Q1 2026 results, with Adjusted EBITDAre of $68 million (+18% YoY) and Adjusted FFO per share of $0.27 (+29% YoY), both beating consensus estimates. The company raised its full-year 2026 guidance, projecting Adjusted EBITDAre between $238 million and $252 million and Adjusted FFO per diluted share between $0.88 and $0.96, citing a constructive market backdrop and the ramp-up of the renovated Andaz Miami Beach. SHO emphasized its capital allocation strategy, having repurchased $40 million of common stock and $26 million of preferred stock in 2026 at significant discounts to NAV and liquidation value, respectively. The company maintains a flexible balance sheet with a net debt and preferred equity to EBITDA ratio of 4.7x and no debt maturities before 2028.

SEC 8-K•4mo ago