Sunstone Hotel Investors

Sunstone Hotel Investors, Inc. is a real estate investment trust, which engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its portfolio consists of upper upscale hotels located in major convention, resort destination, and urban markets. The company was founded by Robert A. Alter in 1995 and is headquartered in Irvine, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sunstone Hotel Investors excels in Q4, eyes EBITDA growth

Sunstone Hotel Investors showcased strong operational performance and strategic investments in Q4 2022.
The company's focus on capital recycling, portfolio optimization, and margin growth positions it well for future success.
Despite challenges in stabilizing margins and credit market conditions, Sunstone remains optimistic about EBITDA growth and value creation opportunities.
Investors can anticipate continued growth, enhanced profitability, and strategic expansion in key markets.

Sunstone Hotel Investors exceeds Q1 expectations, poised for growth

Sunstone Hotel Investors delivered a robust performance in Q1 2023, surpassing expectations with strong revenue growth and operational efficiency.
The company's focus on diversifying demand, optimizing non-room revenue, and maintaining a healthy liquidity position positions it well for future growth.
While facing challenges in market trends and operational complexities, Sunstone remains poised to capitalize on opportunities for revenue enhancement and strategic expansion.
Overall, Sunstone's solid financial performance, strong balance sheet, and positive outlook for 2023 signal a promising trajectory for the company's growth and value creation.

Sunstone Hotel Investors (SHO) exceeds Q2 guidance, eyes capital recycling

Sunstone Hotel Investors (SHO) delivered strong Q2 performance driven by urban and convention hotels, despite challenges in the resort segment. The company's proactive approach to capital investment projects and shareholder returns, along with a focus on liquidity and financial outlook, positions it well for future growth. Anticipated rate deterioration in the third quarter and short-term demand visibility challenges highlight areas for strategic adjustments.

Sunstone Hotel Investors (SHO) surpasses Q3 earnings expectations amidst challenges

Sunstone Hotel Investors (SHO) delivered strong Q3 performance, highlighted by exceeding earnings expectations and a focus on creating value through strategic investments and capital redeployment. Despite challenges like the Maui fires, the company maintains a strong liquidity position and is optimistic about future opportunities.

Sunstone Hotel Investors (SHO) surpasses Q4 expectations, eyes growth opportunities

Sunstone Hotel Investors (SHO) reported strong Q4 performance, exceeding earnings guidance and returning value to shareholders through dividends and share repurchases.
Strategic investments in properties and capital recycling initiatives are driving positive results, while detailed growth plans for 2024 indicate a proactive approach.
Despite market challenges, SHO's focus on portfolio optimization and growth opportunities like the Andaz property positions them for continued success.

Sunstone Hotel Investors reports solid Q1 performance and strategic growth

Sunstone Hotel Investors navigated industry challenges in Q1 2024 with strong portfolio performance and strategic acquisitions. The company's focus on capital recycling, growth opportunities, and maintaining a balanced portfolio positions it for future success. Q2 is expected to be a transition quarter with significant earnings growth anticipated into 2025.

Sunstone Hotel Investors (SHO) reports resilient Q3 performance and strategic growth plans

Sunstone Hotel Investors (SHO) navigated challenges to deliver positive performance in Q3 2024, driven by group and business travel.
The company's strong balance sheet, capital investment activities, and strategic plans position it well for future growth.
Despite headwinds, Sunstone Hotel Investors (SHO) remains focused on enhancing shareholder value and operational efficiency.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sunstone Hotel Investors, Inc. is a real estate investment trust, which engages in the business of acquisition, active ownership, and disposition of well-located hotel and resort real estate. Its portfolio includes upper upscale and luxury hotels located in major convention, resort destinations, and urban markets. The company was founded by Robert A. Alter in 1995 and is headquartered in Aliso Viejo, CA.

Hawaiian Hlds

Hawaiian Electric Industries

Host Hotels & Resorts

Maui Land & Pineapple

Park Hotels & Resorts

The biggest question for the island's companies—and broader economy— will be how long tourists might stay away.

Wildfires Could Hit Hawaii Tourism Industry. Some Stocks to Watch.

ALISO VIEJO, Calif. , Aug. 10, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today provided an update regarding its Wailea Beach Resort following the recent fires on the Hawaiian island of Maui.

SUNSTONE HOTEL INVESTORS PROVIDES UPDATE ON IMPACT FROM RECENT FIRES ON MAUI

Sunstone Hotel Investors' Q2 results show over $1.8B in common equity, providing a safety net for preferred shares yielding in the mid-7% range. Q2 FFO increased by over 15% compared to last year, with AFFO per share in the first semester almost 50% higher than H1 2022. Q3 AFFO is expected to be lower, but the payout ratio remains below 9%, and preferred dividends appear to be safe.

Sunstone Hotel Investors: I'm Still A Buyer Of The 7.5% Yielding Preferred Shares

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q2 2023 Earnings Call Transcript August 4, 2023 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Bryan Giglia - Chief Executive Officer Robert Springer - President and Chief Investment Officer Chris Ostapovicz - Chief Operating Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Chris Sterling - Green Street Smedes Rose - Citi Chris Woronka - Deutsche Bank Michael Bellisario - Baird Dori Kesten - Wells Fargo Bill Crow - Raymond James Floris Van Dijkum - Compass Point Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Second Quarter 2023 Earnings Call.

Sunstone Hotel Investors, Inc. (SHO) Q2 2023 Earnings Call Transcript

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.30 per share a year ago.

Sunstone Hotel Investors (SHO) Beats Q2 FFO and Revenue Estimates

Increases Quarterly Dividend ALISO VIEJO, Calif. , Aug. 4, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2023.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2023

Apple Hospitality REIT

DiamondRock Hospitality

Pebblebrook Hotel Trust

Ryman Hospitality Properties

RLJ Lodging Trust

Are you looking to invest in hotel real estate investment trusts (REITs) in 2023? Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties located in exotic locations around the world, from New York to Bali.

7 Best Hotel REITs to Buy Now

Gaming and Leisure Properties

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Sunstone Hotel Investors (SHO) and Gaming and Leisure Properties (GLPI). But which of these two companies is the best option for those looking for undervalued stocks?

SHO or GLPI: Which Is the Better Value Stock Right Now?

Atmos Energy

Humana

MINISO Group Holding

The equity market can be volatile at times and as an investor, if you want to play safe, buy stocks like HUM, TJX, SHO, ATO and MNSO.

5 Low-Leverage Stocks to Buy as Inflation Cools Down Slightly

ALISO VIEJO, Calif. , June 26, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced that it will report financial results for the second quarter 2023 on Friday, August 4, 2023, before the market opens.

SUNSTONE HOTEL INVESTORS SCHEDULES SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Sunstone Hotel Investors, Inc. performed better than I had expected in the first quarter. The preferred dividend coverage ratio was very strong; the REIT needed less than 10% of its AFFO to cover the preferred dividend.

Sunstone Hotel Investors: I Sleep Well At Night With The 7.5% Preferred Shares

Global Net Lease

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Global Net Lease (GNL) and Sunstone Hotel Investors (SHO). But which of these two stocks presents investors with the better value opportunity right now?

GNL vs. SHO: Which Stock Should Value Investors Buy Now?

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q1 2023 Earnings Conference Call May 5, 2023 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Bryan Giglia - Chief Executive Officer Robert Springer - President and Chief Investment Officer Chris Ostapovicz - Chief Operating Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Capital Smedes Rose - Citi Chris Darling - Green Street Patrick Scholes - Truist Securities Michael Bellisario - Baird Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to the Sunstone Hotel Investors First Quarter 2023 Earnings Call.

Sunstone Hotel Investors, Inc. (SHO) Q1 2023 Earnings Call Transcript

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.21 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.08 per share a year ago.

Sunstone Hotel Investors (SHO) Tops Q1 FFO and Revenue Estimates

Returns Additional Capital to Stockholders Through Incremental Share Repurchases and Dividends Refinances Only 2023 Debt Maturity ALISO VIEJO, Calif. , May 5, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, today announced results for the first quarter ended March 31, 2023.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2023

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Global Net Lease (GNL) and Sunstone Hotel Investors (SHO). But which of these two stocks is more attractive to value investors?

GNL or SHO: Which Is the Better Value Stock Right Now?

ALISO VIEJO, Calif. , April 6, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced that it will report financial results for the first quarter 2023 on Friday, May 5, 2023, before the market opens.

SUNSTONE HOTEL INVESTORS SCHEDULES FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Sunstone Hotel Investors offers a very attractive preferred dividend yield thanks to its low LTV ratio (less than 25%). The preferred dividends are exceptionally well-covered: Sunstone needs less than 10% of its pre-dividend AFFO to cover the preferred dividends.

Sunstone Hotel Investors: A 7.2% Preferred Dividend Yield And A Safe Balance Sheet

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Aaron Reyes - CFO & SVP Bryan Giglia - CEO Robert Springer - President & CIO Conference Call Participants Smedes Rose - Citigroup Michael Bellisario - Robert W. Baird & Co. Duane Pfennigwerth - Evercore ISI David Katz - Jefferies Gregory Miller - Truist Securities Anthony Powell - Barclays Bank Floris Van Dijkum - Compass Point Research & Trading Operator Good morning, ladies and gentlemen, and thank you for standing by.

Sunstone Hotel Investors, Inc. (SHO) Q4 2022 Earnings Call Transcript

Sunstone Hotel (SHO) delivered FFO and revenue surprises of 36.84% and 5.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sunstone Hotel Investors (SHO) Surpasses Q4 FFO and Revenue Estimates

Completes Nearly $700 Million of Transaction Activity in 2022 Returns Additional Capital to Shareholders Through Incremental Share Repurchases and Dividends ALISO VIEJO, Calif. , Feb. 22, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, today announced results for the fourth quarter and full year ended December 31, 2022.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2022

ALISO VIEJO, Calif. , Feb. 1, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced that it will report financial results for the fourth quarter and full year 2022 on Wednesday, February 22, 2023, before the market opens.

SUNSTONE HOTEL INVESTORS SCHEDULES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

ALISO VIEJO, Calif. , Jan. 20, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced the following tax treatment of the 2022 distributions to holders of the Company's common and Series H and Series I preferred stock.

SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Sunstone has one of the safest balance sheets in the hospitality REIT sector with an LTV of less than 25% based on the book value of the properties. That book value already includes a substantial amount of accumulated depreciation.

Sunstone Hotel Investors: An 8% Preferred Dividend With A Very Safe Balance Sheet

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q3 2022 Earnings Conference Call November 8, 2022 12:00 PM ET Company Participants Aaron Reyes – Chief Financial Officer Bryan Giglia – Chief Executive Officer Robert Springer – President and Chief Investment Officer Conference Call Participants Smedes Rose – Citi Duane Pfennigwerth – Evercore ISI Michael Bellisario – Baird David Katz – Jefferies Anthony Powell – Barclays Gregory Miller – Truist Securities Floris van Dijkum – Compass Point Daniel Adam – J.P. Morgan Operator Good morning, ladies and gentlemen, and thank you for standing by.

News for Sunstone Hotel Investors Stock (SHO)