Sunstone Hotel Investors, Inc. SHO
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of approximately 7,000 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.
Snapshot
Reported FFO / Adjusted FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $960.13M | $24.57M | $134.51M | $212.26M | $181.76M |
| 2024 | $905.81M | $43.26M | $124.51M | $214.29M | $170.38M |
| 2023 | $986.48M | $206.71M | $127.06M | $387.31M | $198.13M |
| 2022 | $912.05M | $87.29M | $126.40M | $249.23M | $209.38M |
| 2021 | $509.15M | $34.30M | $128.68M | $193.51M | $28.37M |
| 2020 | $267.91M | $-404.69M | $137.05M | $-216.68M | $-116.70M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-04 | $0.09 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-26 | $0.09 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-06 | $0.09 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-08-05 | $0.09 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-05 | $0.09 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-21 | $0.09 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-12 | $0.09 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-08-07 | $0.09 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-05-06 | $0.09 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-02-22 | $0.07 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-12-06 | $0.13 | Special |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-08-03 | $0.07 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-05-04 | $0.05 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-02-21 | $0.05 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-11-07 | $0.05 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-08-02 | $0.05 | Quarterly |
| 2020-03-30 | 2020-03-31 | 2020-04-15 | 2020-02-17 | $0.05 | Quarterly |
| 2019-12-30 | 2019-12-31 | 2020-01-15 | 2019-12-10 | $0.59 | Quarterly |
| 2019-09-27 | 2019-09-30 | 2019-10-15 | 2019-08-01 | $0.05 | Quarterly |
| 2019-06-27 | 2019-06-28 | 2019-07-15 | 2019-05-06 | $0.05 | Quarterly |
| 2019-03-28 | 2019-03-29 | 2019-04-15 | 2019-02-11 | $0.05 | Quarterly |
| 2018-12-28 | 2018-12-31 | 2019-01-15 | 2018-11-05 | $0.54 | Quarterly |
| 2018-09-27 | 2018-09-28 | 2018-10-15 | 2018-07-30 | $0.05 | Quarterly |
| 2018-06-28 | 2018-06-29 | 2018-07-16 | 2018-05-03 | $0.05 | Quarterly |
Coverage (payout of operating cash flow): 38.49%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.