Earnings summaries and quarterly performance for Sunstone Hotel Investors.
Executive leadership at Sunstone Hotel Investors.
Board of directors at Sunstone Hotel Investors.
Research analysts who have asked questions during Sunstone Hotel Investors earnings calls.
Chris Woronka
Deutsche Bank AG
6 questions for SHO
Also covers: CAR, DRH, FUN +13 more
Duane Pfennigwerth
Evercore ISI
6 questions for SHO
Also covers: AAL, AERO, ALGT +19 more
SR
Smedes Rose
Citigroup
6 questions for SHO
Also covers: ADC, ALX, DEA +19 more
MB
Michael Bellisario
Robert W. Baird & Co.
5 questions for SHO
Also covers: AHT, APLE, BHR +11 more
Chris Darling
Green Street
3 questions for SHO
Also covers: APLE, DRH, GLPI +6 more
DK
David Katz
Jefferies Financial Group Inc.
3 questions for SHO
Also covers: AGS, BALY, BYD +36 more
CC
Cooper Clark
Wells Fargo
2 questions for SHO
Also covers: APLE, AVB, BRX +18 more
Dany Asad
Bank of America
2 questions for SHO
Also covers: CHH, HST, INN +3 more
DK
Dori Kesten
Wells Fargo & Company
2 questions for SHO
Also covers: APLE, BRX, DRH +15 more
Floris van Dijkum
Compass Point Research & Trading
2 questions for SHO
Also covers: AKR, ALX, APLE +21 more
MH
Michael Hirsh
Wells Fargo
2 questions for SHO
Also covers: LTH
Daniel Hogan
Baird
1 question for SHO
Also covers: APLE, BHR, DRH +5 more
DP
Daniel Politzer
Wells Fargo
1 question for SHO
Also covers: BYD, CCL, CHDN +20 more
Jack Armstrong
Wells Fargo
1 question for SHO
Also covers: APLE, DRH, HST +3 more
KC
Ketan Carl
Wolfe Research, LLC
1 question for SHO
Logan Epstein
Wolfe Research
1 question for SHO
Also covers: INN
PS
Patrick Scholes
Truist Financial Corporation
1 question for SHO
Also covers: BYD, CCL, CHH +15 more
Stephen Grambling
Morgan Stanley
1 question for SHO
Also covers: BC, BYD, CHH +23 more
Recent press releases and 8-K filings for SHO.
Sunstone Hotel Investors Reports Strong Q4 2025 Results and Issues 2026 Guidance
SHO
Earnings
Guidance Update
New Projects/Investments
- Sunstone Hotel Investors reported Q4 2025 operating results that exceeded expectations, with total RevPAR growth of 12.5% (including Andaz Miami Beach) and full-year comparable portfolio margin growth of 40 basis points.
- For 2026, the company issued guidance projecting rooms RevPAR growth of 4% to 7%, total RevPAR growth of 3.5% to 6.5%, Adjusted EBITDAre between $225 million and $250 million, and FFO per diluted share between $0.81 and $0.94.
- In 2025, strategic actions included the sale of the Hilton New Orleans St. Charles, the debut of Andaz Miami Beach, and returning over $170 million to shareholders through dividends and share repurchases.
- The company maintains a strong balance sheet with net leverage of 3.5 times trailing earnings and over $700 million in total liquidity, with 2026 capital expenditures guided between $95 million and $115 million.
1 day ago
Sunstone Hotel Investors Reports Strong Q4 2025 Results and Provides 2026 Outlook
SHO
Earnings
Guidance Update
Share Buyback
- Sunstone Hotel Investors reported strong Q4 2025 operating results, with total RevPAR growth of 12.5% (including Andaz Miami Beach) and Adjusted EBITDAre of $57 million.
- The company provided a 2026 outlook, projecting rooms RevPAR to increase between 4% and 7% and Adjusted EBITDAre to range from $225 million-$250 million, with FFO per diluted share expected to be between $0.81 and $0.94.
- In 2025, the company returned over $170 million of capital to shareholders through dividends and share repurchases, including approximately $108 million of common stock repurchased at a blended price of $8.83 per share. The board reauthorized the repurchase program up to $500 million and declared a $0.09 per share common dividend for Q1 2026.
- The Andaz Miami Beach resort, which debuted in Q2 2025, showed strong performance with year-to-date occupancy above 80% at a mid-$500 rate and is expected to contribute approximately 400 basis points to 2026 RevPAR growth.
1 day ago
Sunstone Hotel Investors Reports Strong Q4 2025 Results and Provides 2026 Guidance
SHO
Earnings
Guidance Update
Share Buyback
- Sunstone Hotel Investors reported strong Q4 2025 results, with total RevPAR growth of 12.5% (including Andaz Miami Beach), $57 million in Adjusted EBITDAre, and $0.20 per diluted share in Adjusted FFO.
- For the full year 2025, the company achieved 40 basis points of comparable portfolio margin growth on 3.5% total RevPAR growth, exceeding initial expectations for cost management.
- The company issued 2026 guidance, projecting Rooms RevPAR growth between 4% and 7%, Total RevPAR growth between 3.5% and 6.5%, Adjusted EBITDAre in the range of $225 million to $250 million, and FFO per diluted share between $0.81 and $0.94.
- In 2025, Sunstone recycled capital through the sale of Hilton New Orleans and stock repurchases, invested in the debut of Andaz Miami Beach, and returned over $170 million to shareholders; the company ended Q4 2025 with over $700 million in total liquidity and net leverage of 3.5 times trailing earnings.
1 day ago
Sunstone Hotel Investors reports Q4 and FY 2025 results
SHO
Earnings
Dividends
Share Buyback
- Net income for Q4 2025 was $7.2 million, up from $0.8 million in Q4 2024; full-year 2025 net income was $24.6 million, down from $43.3 million in 2024, primarily due to a loss on the sale of Hilton New Orleans St. Charles in June 2025.
- Returned over $170 million to shareholders in 2025 through dividends and share repurchases; $103.6 million was used for stock repurchases, and the company restored a $500 million repurchase authorization in February 2026.
- Operational performance improved: Q4 2025 RevPAR increased 9.6% to $220.12, and Adjusted EBITDA re rose 17.6% to $56.6 million; full-year 2025 Adjusted EBITDA re was $236.6 million, up 3.0% year-over-year.
- Balance sheet remains strong: As of December 31, 2025, Sunstone had $185.7 million in cash and cash equivalents, $930 million in total debt, and $1.9 billion in stockholders’ equity.
- 2026 guidance: Net income expected between $21 million and $46 million, with Adjusted FFO per diluted share between $0.81 and $0.94.
1 day ago
Sunstone Hotel Investors Reports Q4 and Full Year 2025 Results and Provides 2026 Outlook
SHO
Earnings
Guidance Update
Share Buyback
- Sunstone Hotel Investors reported net income of $7.2 million for the fourth quarter of 2025 and $24.6 million for the full year 2025. Total Portfolio RevPAR increased 9.6% in Q4 2025 and 3.8% for the full year 2025.
- The company returned over $170 million to common stockholders in 2025 through dividends and share repurchases, and its Board of Directors reauthorized a $500 million stock repurchase program in February 2026.
- For the full year 2026, Sunstone Hotel Investors expects Net Income between $21 million and $46 million, RevPAR Growth of 4.0% to 7.0%, and Adjusted FFO Attributable to Common Stockholders per Diluted Share between $0.81 and $0.94.
- As of December 31, 2025, the company had $185.7 million of cash and cash equivalents and total debt of $930.0 million.
1 day ago
SHO Reports Q3 2025 Results, Provides Q4 Outlook and Strategic Capital Allocation Update
SHO
Earnings
Guidance Update
M&A
- Q3 2025 operating results were in line with expectations, with continued strength in San Francisco (over 15% RevPAR growth) helping to offset softer demand in other areas, and urban hotels achieving 140 basis points of margin growth.
- The company expects Q4 2025 RevPAR growth in the mid-single-digit range, with Andaz Miami Beach contributing approximately 450 basis points of this growth, and anticipates Q4 EBITDA in the low $50 million area.
- For 2026, the Andaz Miami Beach is projected to achieve $12 million-$16 million in EBITDA, supported by strong Q1 bookings and major events, with stabilization expected in 2027.
- The company has been active in asset recycling, disposing of over $600 million of assets and acquiring roughly $600 million of assets, while also repurchasing nearly $300 million of stock (14% of outstanding shares) to enhance shareholder value.
Nov 7, 2025, 4:00 PM
Sunstone Hotel Investors Reports Q3 2025 Results and Maintains Outlook
SHO
Earnings
Guidance Update
Share Buyback
- Sunstone Hotel Investors, Inc. reported net income of $1.3 million for the third quarter ended September 30, 2025, and Total Portfolio RevPAR increased 2.0% to $216.12.
- Adjusted FFO attributable to common stockholders per diluted share for Q3 2025 was $0.17, a 5.6% decrease compared to Q3 2024.
- The company successfully recast its credit facilities, establishing an aggregate borrowing capacity of $1.35 billion and addressing all debt maturities through 2028.
- During the third quarter of 2025, the company repurchased 258,870 shares of common stock for $2.3 million at an average price of $8.70 per share, with $326.9 million remaining under its stock repurchase program authorization.
- Sunstone Hotel Investors is maintaining its full-year 2025 outlook, expecting Net Income between $14 million and $28 million and Adjusted FFO per diluted share between $0.80 and $0.87.
Nov 7, 2025, 12:40 PM
Sunstone Hotel Investors Reports Q3 2025 Results and Completes Credit Agreement
SHO
Earnings
Debt Issuance
- Sunstone Hotel Investors reported a net income of $1.3 million for the third quarter of 2025, a decrease from $3.2 million in the same period of 2024, resulting in a diluted loss per share of $0.02 for Q3 2025.
- For the nine months ended September 30, 2025, net income was $17.4 million, down 59.1% from $42.4 million in the prior year period, with diluted earnings per share of $0.03.
- Total Portfolio RevPAR increased by 2.0% to $216.12 for Q3 2025 and by 2.0% to $226.58 for the nine months ended September 30, 2025, compared to the respective prior year periods.
- Adjusted EBITDAre decreased by 6.6% to $50.1 million for Q3 2025 and by 0.9% to $180.0 million for the nine months ended September 30, 2025.
- The company completed its Third Amended and Restated Credit Agreement, providing an aggregate borrowing capacity of $1.35 billion and extending loan maturities to 2030 and 2031, which includes a $500.0 million revolving credit facility and various term loan facilities.
Nov 7, 2025, 12:30 PM
COPT Defense Properties Reports Strong Q3 2025 Results and Raises 2025 Guidance
SHO
Earnings
Guidance Update
New Projects/Investments
- COPT Defense Properties reported a record-high occupancy rate of 95.4%, the highest in two decades, driven by strong demand from defense and tech tenants.
- The company exceeded earnings expectations in the third quarter, with funds from operations (FFO) of $0.69 per share and revenues of $188.8 million, both surpassing consensus estimates.
- Management raised the 2025 FFO per share guidance to a range of $2.69 to $2.71, indicating confidence in continued growth and leasing demand, supported by $72 million in new project commitments.
- Despite recent earnings beats and raised guidance, COPT Defense's stock has underperformed the market year-to-date, declining about 11.2% compared to the S&P 500's 17.2% gain.
Oct 31, 2025, 5:50 AM
Sunstone Hotel Investors Completes $1.35 Billion Amended and Restated Credit Agreement
SHO
Debt Issuance
- Sunstone Hotel Investors, Inc. (SHO) entered into a Third Amended and Restated Credit Agreement on September 24, 2025, establishing an aggregate borrowing capacity of $1.35 billion.
- This agreement addresses all near-term maturities, extends the duration of remaining in-place loans, and strengthens the company's balance sheet.
- The facilities consist of a $500 million revolving credit facility and $850 million in term loan facilities, with maturities extending to 2030 and 2031, inclusive of extension options.
- Following the repayment of Series A Senior Notes in January 2026 using a delayed draw of up to $90 million, the company is expected to have no debt maturities until 2028.
- The company also entered into interest rate swaps, resulting in over 75% of its debt and preferred equity now being subject to fixed rates.
Sep 26, 2025, 8:31 PM
Quarterly earnings call transcripts for Sunstone Hotel Investors.
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