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.

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.

Sunstone Hotel Investors, Inc. (SHO) Q3 2022 Earnings Call Transcript

Sunstone Hotel (SHO) delivered FFO and revenue surprises of 4.35% and 3.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sunstone Hotel Investors (SHO) Q3 FFO and Revenues Surpass Estimates

Returns Capital to Shareholders Through Additional Share Repurchases and Dividends IRVINE, Calif. , Nov. 8, 2022 /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 third quarter ended September 30, 2022.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2022

Ashford Hospitality Trust

JPMorgan BetaBuilders MSCI US REIT ETF

Bluerock Homes Trust Inc

Braemar Hotels & Resorts Inc

Bluerock Residential Growth REIT

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

First Trust S&P REIT Index Fund

Home Appreciation US REIT ETF

NETSTREIT Corp

Pennsylvania Real Estate Investment Trust

Prologis

Power REIT

iShares Global REIT ETF

ALPS Active REIT ETF

IQ US Real Estate Small Cap ETF

Service Properties Trust

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

The REIT sector achieved only its 3rd month in the black out of the first 10 months of 2022 with a +8.69% total return in October. Large cap REITs (+2.92%) averaged small gains, micro caps (+7.36%) and mid caps (+8.11%) had moderate gains and small caps (+12.85%) surged.

The State Of REITs: November 2022 Edition

Airbnb

Apple Hospitality REIT

Choice Hotels Int.

Chatham Lodging Trust

Fidelity MSCI Real Estate ETF

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

Hersha Hospitality Trust Class A

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Marriott

Neuberger Berman Real Estate Securities Income Fund Inc

Pebblebrook Hotel Trust

Park Hotels & Resorts

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

Sotherly Hotels

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

Virtus Real Asset Income ETF

Xenia Hotels & Resorts

Real Estate Select Sector SPDR Fund

Hotel REITs have held up surprisingly well throughout the recent market turmoil and remain one of the top-performing property sectors this year following a solid summer of operating performance. Several years of pent-up leisure demand from COVID delays helped to offset a slow business travel recovery. STR recently reported that profitability levels were above 2019 levels throughout the summer.

Hotel REITs: Winter Is Coming

IRVINE, Calif. , Sept. 22, 2022 /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 third quarter 2022 on Tuesday, November 8, 2022, before the market opens.

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

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q2 2022 Results Conference Call August 3, 2022 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Doug Pasquale - Executive Chairman Bryan Giglia - Chief Executive Officer Robert Springer - President & Chief Investment Officer Chris Ostapovicz - Chief Operating Officer Conference Call Participants Anthony Powell - Barclays Duane Pfennigwerth - Evercore ISI Chris Darling - Green Street Patrick Scholes - Truist Securities David Katz - Jefferies Chris Woronka - Deutsche Bank Bill Crow - Raymond James Smedes Rose - Citi Michael Bellisario - Baird Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Second Quarter 2022 Earnings Call.

Sunstone Hotel Investors, Inc. (SHO) CEO Bryan Giglia on Q2 2022 Results - Earnings Call Transcript

Sunstone Hotel (SHO) delivered FFO and revenue surprises of 25% and 6.20%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Sunstone Hotel Investors (SHO) Q2 FFO and Revenues Beat Estimates

Completes Acquisition of The Confidante Miami Beach and the Remaining 25% JV Interest in the Hilton San Diego Bayfront Amends Credit Agreement to Extend Maturities and Increase Debt Capacity Continues Share Repurchases and Reinstates Common Dividend IRVINE, Calif. , Aug. 3, 2022 /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 second quarter ended June 30, 2022.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2022

Extends Maturities to 2027 and 2028, Increases Term Loan Borrowing Capacity, and Results in a Fully Undrawn Revolving Credit Facility IRVINE, Calif. , July 27, 2022 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced today that it has entered into a Second Amended and Restated Credit Agreement (the "Amended Credit Agreement") which expands the Company's unsecured borrowing capacity and extends the maturity of the in-place loans.

SUNSTONE HOTEL INVESTORS COMPLETES $850 MILLION AMENDED AND RESTATED CREDIT AGREEMENT

Sunstone Hotel Investors has a history of running a very clean balance sheet. This means there's only very little debt ranking senior to the preferred shares, and a lot of common equity ranks junior to the prefs.

Sunstone Hotel Investors: Grab A 6.8% Yield With The Safe Preferred Shares

Sunstone Hotel (SHO) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock doesn't suggest further strength down the road.

Sunstone Hotel (SHO) Moves 8.4% Higher: Will This Strength Last?

S&P Global

NEW YORK , July 18, 2022 /PRNewswire/ -- Sunstone Hotel Investors Inc. (NYSE:SHO) will replace Vonage Holdings Corp. (NASD:VG) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 21. Telefonaktiebolaget LM Ericsson (OM:ERIC B/NASD: ERIC) is acquiring Vonage Holdings in a deal expected to be completed soon pending final closing conditions.

Sunstone Hotel Investors Set to Join S&P SmallCap 600

IRVINE, Calif. , June 27, 2022 /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 2022 on Wednesday, August 3, 2022, before the market opens.

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

IRVINE, Calif. , June 2, 2022 /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 that it has completed the previously announced acquisition of the 339-room The Confidante Miami Beach (the "Hotel") for a purchase price of $232 million, or $684,000 per key.

SUNSTONE HOTEL INVESTORS COMPLETES ACQUISITION OF THE CONFIDANTE MIAMI BEACH AND PROVIDES BUSINESS UPDATE

IRVINE, Calif. , June 1, 2022 /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 has entered into a definitive agreement with an affiliate of Park Hotels & Resorts Inc. ("Park") to acquire Park's 25% interest in the joint venture that owns the leasehold interest in the 1,190-room Hilton San Diego Bayfront (the "Hotel").

SUNSTONE HOTEL INVESTORS TO ACQUIRE THE REMAINING 25% JOINT VENTURE INTEREST IN HILTON SAN DIEGO BAYFRONT FROM PARK HOTELS & RESORTS

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q1 2022 Earnings Conference Call May 5, 2022 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Doug Pasquale - Executive Chairman Bryan Giglia - Chief Executive Officer Robert Springer - President & Chief Investment Officer Conference Call Participants Thomas Allen - Morgan Stanley David Katz - Jefferies Michael Bellisario - Baird Anthony Powell - Barclays Chris Darling - Green Street Bill Crow - Raymond James Michael Bilerman - Citi Floris Van Dijkum - Compass Point Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors First Quarter 2022 Earnings Call.

Sunstone Hotel Investors, Inc. (SHO) CEO Bryan Giglia on Q1 2022 Results - Earnings Call Transcript

Sunstone Hotel (SHO) delivered FFO and revenue surprises of 14.29% and 11.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sunstone Hotel Investors (SHO) Q1 FFO and Revenues Top Estimates

IRVINE, Calif. , May 4, 2022 /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 has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the 339-room The Confidante Miami Beach (the "Hotel"), located on 1.5 acres of fee-simple, oceanfront land in Miami Beach for a purchase price of $232 million, or $684,000 per key.

SUNSTONE HOTEL INVESTORS TO ACQUIRE THE CONFIDANTE MIAMI BEACH AND REPOSITION AS ANDAZ MIAMI BEACH

IRVINE, Calif. , May 4, 2022 /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, 2022.

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2022

IRVINE, Calif. , April 6, 2022 /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 2022 on Wednesday, May 4, 2022, after the market closes.

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

IRVINE, Calif., March 17, 2022 /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 that it has completed the sale of the 368-room Embassy Suites Chicago and the 361-room Hilton Garden Inn Chicago Downtown/Magnificent Mile (the "Chicago Hotels").

SUNSTONE HOTEL INVESTORS COMPLETES DISPOSITION OF TWO CHICAGO HOTELS, PROVIDES OPERATIONS UPDATE AND COMMENCES SHARE REPURCHASES

Sunstone Hotel (SHO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Sunstone Hotel (SHO) Soars 6.3%: Is Further Upside Left in the Stock?

IRVINE, Calif., March 7, 2022 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced that it has notified its unsecured lenders of its election to terminate the covenant relief period associated with the amended debt agreements governing its Revolving Credit Facility, Term Loan Facilities and Senior Unsecured Notes.

SUNSTONE HOTEL INVESTORS ANNOUNCES EXIT FROM COVENANT RELIEF PERIOD

News for Sunstone Hotel Investors Stock (SHO)