Sunstone Hotel Investors, Inc. (SHO) Form 8-K — May 5, 2026
Sunstone Hotel Investors reported robust first quarter 2026 results, with net income attributable to common stockholders increasing to $16.0 million from $1.3 million in the prior year, and Adjusted FFO per share rising 28.6% to $0.27. The company's RevPAR increased 14.6% year-over-year to $255.04, driven by strong performance across its resort portfolio, leading management to raise its full-year 2026 outlook for net income, Adjusted FFO, and RevPAR growth. Capital allocation remains a priority, as the company repurchased $49.2 million of common and preferred stock year-to-date at prices discounted to net asset value, leaving $458.3 million remaining under its repurchase authorization.
Key figures
- Eps
- 0.08
- Revenue
- 259709000
- Guidance
- Revised 2026 guidance: Net Income $34-48M, Adj. FFO/Share $0.88-0.96, RevPAR Growth 5.0-7.5%.
- Net Income
- 18557000
- Total Debt
- 955000000
- Revenue Yoy
- 11.0%
- Adjusted FFO
- 50114000
- Cash Position
- 166700000
- Adjusted EBITDAre
- 67735000
- Repurchase Amount YTD
- 35200000
- Shares Repurchased YTD
- 3860813
Price after filing
Close on the filing date to close N calendar days later (from $10.02). Historical, not a forecast.
AI analysis
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