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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $259.71M | - | $229.32M | $259.77M | $234.06M | - | $226.39M | $247.48M | $217.17M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.83M | - | $6.97M | $8.35M | $8.90M | - | $7.58M | $8.17M | $7.52M | - |
| Total Operating Expenses | $231.29M | - | $217.43M | $229.35M | $217.59M | - | $209.99M | $211.93M | $199.91M | - |
| D&A | $34.18M | - | $33.93M | $34.13M | $32.27M | - | $31.69M | $31.11M | $29.04M | - |
| Operating Income | $18.68M | - | $1.46M | $10.81M | $5.35M | - | $2.77M | $26.40M | $12.18M | - |
| Interest Expense | $11.28M | - | $13.41M | $13.16M | $11.01M | - | $15.98M | $9.22M | $11.01M | - |
| Income Tax | - | - | - | - | - | - | - | $255.0K | ($855.0K) | - |
| Net Income | $15.88M | - | ($3.00M) | $6.78M | $1.26M | - | ($744.0K) | $22.36M | $9.29M | - |
| EPS - Basic | $0.08 | - | ($0.02) | $0.03 | $0.01 | - | $0.00 | $0.11 | $0.05 | - |
| EPS - Diluted | $0.08 | - | ($0.02) | $0.03 | $0.01 | - | $0.00 | $0.11 | $0.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $91.13M | $109.19M | $121.14M | $73.56M | $72.33M | $107.20M | $115.54M | $159.15M | $400.68M | $426.40M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $11.65M | $11.58M | $11.49M | $11.39M | $10.82M | $10.50M | $10.47M | $9.90M | $9.38M | $9.19M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.01B | $3.03B | $3.05B | $3.01B | $3.10B | $3.11B | $3.12B | $3.15B | $3.14B | $3.15B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $942.72M | $918.09M | $917.45M | $868.70M | $841.56M | $841.05M | $814.11M | $814.26M | $814.41M | $814.56M |
| Total Liabilities | $1.11B | $1.08B | $1.09B | $1.03B | $1.02B | $1.00B | $991.75M | $984.81M | $980.80M | $982.68M |
| Stockholders' Equity | $1.90B | $1.94B | $1.96B | $1.98B | $2.08B | $2.10B | $2.12B | $2.16B | $2.16B | $2.17B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $45.44M | - | - | - | $32.03M | - | - | - | $38.48M | - |
| Investing Cash Flow | ($26.90M) | - | - | - | $28.12M | - | - | - | ($27.66M) | - |
| Financing Cash Flow | ($37.58M) | - | - | - | ($35.40M) | - | - | - | ($33.52M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 7.2% | - | 0.6% | 4.2% | 2.3% | - | 1.2% | 10.7% | 5.6% | - |
| EBITDA margin | 20.4% | - | 15.4% | 17.3% | 16.1% | - | 15.2% | 23.2% | 19.0% | - |
| Net margin | 6.1% | - | -1.3% | 2.6% | 0.5% | - | -0.3% | 9.0% | 4.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.6% | - | 3.0% | 3.2% | 3.8% | - | 3.3% | 3.3% | 3.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | 1.1% | -10.1% | - |
| Return on assets | 0.5% | - | -0.1% | 0.2% | 0.0% | - | -0.0% | 0.7% | 0.3% | - |
| Return on equity | 0.8% | - | -0.2% | 0.3% | 0.1% | - | -0.0% | 1.0% | 0.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | 0.9% | 0.4% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.50 | 0.47 | 0.47 | 0.44 | 0.41 | 0.40 | 0.38 | 0.38 | 0.38 | 0.38 |
| Debt / Assets | 0.31 | 0.30 | 0.30 | 0.29 | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 |
| Debt / EBITDA | 17.84 | - | 25.93 | 19.33 | 22.37 | - | 23.63 | 14.16 | 19.76 | - |
| Interest coverage | 1.7x | - | 0.1x | 0.8x | 0.5x | - | 0.2x | 2.9x | 1.1x | - |
| Equity multiplier | 1.58 | 1.56 | 1.56 | 1.52 | 1.49 | 1.48 | 1.47 | 1.45 | 1.45 | 1.45 |
| Liabilities / Assets | 0.37 | 0.36 | 0.36 | 0.34 | 0.33 | 0.32 | 0.32 | 0.31 | 0.31 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.08 | 0.09 | 0.08 | - | 0.07 | 0.08 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 112.6x | - | - | 289.3x | 941.0x | - | - | 95.1x | 222.8x | - |
| P / B | 0.9x | - | 0.9x | 0.9x | 0.9x | - | 1.0x | 1.0x | 1.0x | - |
| P / S | 6.5x | - | 7.7x | 6.6x | 8.1x | - | 9.2x | 8.6x | 10.4x | - |
| EV / EBITDA | 48.3x | - | 72.6x | 55.6x | 70.8x | - | 80.6x | 48.4x | 64.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.0% | - | 1.3% | 5.0% | 7.8% | - | -8.6% | -10.4% | -10.8% | - |
| Revenue CAGR (3y) | 2.2% | - | -2.1% | 1.1% | 10.7% | - | 10.6% | 28.3% | 62.5% | - |
| Revenue CAGR (5y) | 38.7% | - | -4.0% | -3.0% | 4.1% | - | -4.3% | -4.0% | -3.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 248.9% | - | -47.3% | -59.0% | -56.1% | - | -82.9% | -39.8% | -43.2% | - |
| Net income growth (YoY) | 1158.5% | - | -303.5% | -69.7% | -86.4% | - | - | -42.8% | -46.1% | - |
| EPS growth (YoY) | 700.0% | - | - | -72.7% | -80.0% | - | - | -42.1% | 0.0% | - |
| EPS CAGR (3y) | 17.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.3% | -7.6% | -7.8% | -8.5% | -3.9% | -2.9% | 1.8% | 3.0% | 4.3% | 3.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$960.13M totalHotel Ownership Segment$960.13M · 100.0%
Product / service
$960.13M totalOccupancy$582.67M · 60.7%
Food And Beverage$278.68M · 29.0%
Hotel Other$98.78M · 10.3%
Peer comparison
Same SIC group: Hotels & Motels
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 |