SHO · Sunstone Hotel Investors, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SHO

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$960.13M	$905.81M	$986.48M	$912.05M	$509.15M	$267.91M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$31.59M	$29.05M	$31.41M	$35.25M	$40.27M	$28.15M
Total Operating Expenses	$884.41M	$827.22M	$867.82M	$816.17M	$597.27M	$661.79M
D&A	$134.51M	$124.51M	$127.06M	$126.40M	$128.68M	$137.05M
Operating Income	$24.78M	$42.16M	$211.27M	$91.13M	$33.10M	($403.92M)
Interest Expense	$52.97M	$50.13M	$51.68M	$32.01M	$30.90M	$53.31M
Income Tax	$216.0K	($1.10M)	$4.56M	$359.0K	$109.0K	$6.59M
Net Income	$8.21M	$27.76M	$191.73M	$72.59M	$13.57M	($417.59M)
EPS - Basic	$0.04	$0.14	$0.93	($1.93)	$0.06◇	-
EPS - Diluted	$0.04	$0.14	$0.93	($1.93)	$0.06◇	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$109.19M	$107.20M	$426.40M	$101.22M	$120.48M	$368.41M
Accounts Receivable	-	-	-	$42.09M	$28.73M	$8.57M
Inventory	$11.58M	$10.50M	$9.19M	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	$213.97M	$282.10M	$435.14M
Total Assets	$3.03B	$3.11B	$3.15B	$3.08B	$3.04B	$2.99B
Current Liabilities	-	-	-	$380.89M	$175.76M	$90.79M
Long-term Debt	$918.09M	$841.05M	$814.56M	$590.65M	$588.74M	$742.53M
Total Liabilities	$1.08B	$1.00B	$982.68M	$997.86M	$801.27M	$896.34M
Stockholders' Equity	$1.94B	$2.10B	$2.17B	$2.08B	$2.20B	$2.05B
Retained Earnings	-	-	-	$1.04B	$948.06M	$913.77M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$181.76M	$170.38M	$198.13M	$209.38M	$28.37M	($116.70M)
Investing Cash Flow	($48.80M)	($386.28M)	$258.08M	($165.72M)	($239.69M)	$113.79M
Financing Cash Flow	($127.52M)	($97.52M)	($119.72M)	($49.17M)	($42.10M)	($445.92M)
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	2.6%	4.7%	21.4%	10.0%	6.5%	-150.8%
EBITDA margin	16.6%	18.4%	34.3%	23.8%	31.8%	-99.6%
Net margin	0.9%	3.1%	19.4%	8.0%	2.7%	-155.9%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	3.3%	3.2%	3.2%	3.9%	7.9%	10.5%
Effective tax rate	2.6%	-4.1%	2.3%	0.5%	0.8%	-
Return on assets	0.3%	0.9%	6.1%	2.4%	0.4%	-14.0%
Return on equity	0.4%	1.3%	8.8%	3.5%	0.6%	-20.4%
Return on invested capital	0.8%	1.4%	6.9%	3.4%	1.2%	-11.4%
Liquidity
Current ratio	-	-	-	0.56	1.61	4.79
Quick ratio	-	-	-	0.56	1.61	4.79
Cash ratio	-	-	-	0.27	0.69	4.06
Leverage
Debt / Equity	0.47	0.40	0.38	0.28	0.27	0.36
Debt / Assets	0.30	0.27	0.26	0.19	0.19	0.25
Debt / EBITDA	5.76	5.05	2.41	2.72	3.64	-
Interest coverage	0.5x	0.8x	4.1x	2.8x	1.1x	-7.6x
Equity multiplier	1.56	1.48	1.45	1.48	1.38	1.46
Liabilities / Assets	0.36	0.32	0.31	0.32	0.26	0.30
Efficiency
Asset turnover	0.32	0.29	0.31	0.30	0.17	0.09
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	17d	21d	12d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	223.5x	84.6x	11.5x	-	195.5x	-
P / B	0.9x	1.1x	1.0x	1.0x	1.2x	-
P / S	1.8x	2.6x	2.2x	2.3x	5.0x	-
EV / EBITDA	16.0x	18.8x	7.7x	11.8x	18.6x	-
Growth
Revenue growth (YoY)	6.0%	-8.2%	8.2%	79.1%	90.0%	-76.0%
Revenue CAGR (3y)	1.7%	21.2%	54.4%	-6.5%	-24.6%	-
Revenue CAGR (5y)	29.1%	-4.1%	-3.7%	-	-	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-41.2%	-80.0%	131.8%	175.3%	-	-
Net income growth (YoY)	-70.4%	-85.5%	164.1%	435.0%	-	-
EPS growth (YoY)	-71.4%	-84.9%	-	-	-	-
EPS CAGR (3y)	-	32.6%	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-7.6%	-2.9%	3.9%	-5.2%	7.3%	-20.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$960.13M total

Hotel Ownership Segment$960.13M · 100.0%

Product / service

$960.13M total

Occupancy$582.67M · 60.7%

Food And Beverage$278.68M · 29.0%

Hotel Other$98.78M · 10.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Hotels & Motels

Company	Revenue (last FY)	Net margin	ROE
H	$7.10B	-0.7%	-1.6%
TNL	$4.02B	5.7%	-23.4%
WH	$1.43B	13.5%	41.2%
CHH	$1.60B	23.2%	204.1%
MAR	$26.19B	9.9%	-69.0%

Comparing Sunstone Hotel Investors against the 5 most active filers in the same SIC group.

Dividends

$0.36/share trailing 12 months · 0.0% YoY

Ex-date	Per share
Mar 31, 2026	$0.0900
Dec 31, 2025	$0.0900
Sep 30, 2025	$0.0900
Jun 30, 2025	$0.0900
Mar 31, 2025	$0.0900
Dec 31, 2024	$0.0900
Sep 30, 2024	$0.0900
Jun 28, 2024	$0.0900
Mar 27, 2024	$0.0700
Dec 28, 2023	$0.1300
Sep 28, 2023	$0.0700
Jun 29, 2023	$0.0500
Mar 30, 2023	$0.0500
Dec 29, 2022	$0.0500
Sep 29, 2022	$0.0500
Mar 30, 2020	$0.0500
Dec 30, 2019	$0.5900
Sep 27, 2019	$0.0500
Jun 27, 2019	$0.0500
Mar 28, 2019	$0.0500
Dec 28, 2018	$0.5400
Sep 27, 2018	$0.0500
Jun 28, 2018	$0.0500
Mar 28, 2018	$0.0500

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.