Sunstone Hotel Inv Stock Price, News & Analysis

Sunstone Hotel Investors (NYSE: SHO) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, before market opening. The company will host a conference call on the same day at 10:30 a.m. Eastern Time (7:30 a.m. Pacific Time).

Stakeholders can access the live webcast through the Investor Relations section of Sunstone's website. Alternatively, interested parties may participate via phone by dialing 1-800-715-9871 with Conference ID 1026321. A transcript of the call will be archived on the company's website.

Sunstone Hotel Investors, a lodging Real Estate Investment Trust (REIT), focuses on creating long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.

Sunstone Hotel Investors (NYSE: SHO) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net income decreased to $0.8 million from $127.0 million in Q4 2023, while comparable RevPAR declined 1.1% to $199.07. Full-year net income was $43.3 million, down from $206.7 million in 2023.

The company completed several strategic initiatives in 2024, including the acquisition of the Hyatt Regency San Antonio Riverwalk, the renovation and rebranding of Marriott Long Beach Downtown, and substantial progress on converting The Confidante Miami Beach to Andaz Miami Beach. During 2024, SHO repurchased 2.7 million shares at an average price of $9.83 per share, totaling $27.2 million.

As of December 31, 2024, Sunstone maintained a strong balance sheet with $180.3 million in cash and cash equivalents, $2.9 billion in hotel property investments, and total debt of $845.0 million. The company plans to invest $80-100 million in its portfolio in 2025.

Sunstone Hotel Investors (NYSE: SHO) has announced the tax treatment of its 2024 distributions for common and preferred stockholders. For common stock (SHO), quarterly dividends were $0.07 per share in Q1, increasing to $0.09 per share for Q2-Q4. The Q4 dividend payable on January 15, 2025, will be split for tax purposes: 33.33% ($0.03) taxable in 2024 and 66.67% ($0.06) taxable in 2025.

For preferred stockholders, Series H (SHO PR H) maintained consistent quarterly distributions of $0.382813 per share, while Series I (SHO PR I) distributed $0.356250 per share quarterly. All distributions qualify as Section 199A dividends, except for the portion of the common stock's Q4 dividend taxable in 2025.

Sunstone Hotel Investors (NYSE: SHO) has announced its schedule for the release of fourth quarter and full year 2024 financial results, set for Friday, February 21, 2025, before market opening. The company will host a conference call with management on the same day at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Investors can access the live webcast through the Investor Relations section of Sunstone's website, with a transcript to be archived online. Alternatively, interested parties can participate via phone by dialing 1-800-715-9871 using Conference ID 1026321.

Sunstone operates as a lodging real estate investment trust (REIT), focusing on creating long-term stakeholder value through acquisition, active ownership, and disposition of well-located hotel and resort real estate.

Sunstone Hotel Investors (NYSE: SHO) reported Q3 2024 results showing a net income decrease to $3.2 million from $15.6 million year-over-year. Comparable RevPAR decreased 1.3% to $207.56, with ADR at $301.69 and occupancy at 68.8%. Adjusted EBITDAre decreased 15.9% to $53.6 million, while Adjusted FFO per diluted share fell 21.7% to $0.18.

The company repurchased 2.3M shares at an average price of $9.79 since Q3 start. They secured a new $100M term loan and updated the Andaz Miami Beach project completion to February 2025. Full-year 2024 guidance was revised downward, with net income now expected between $31-41M and Adjusted EBITDAre between $220-230M.

Sunstone Hotel Investors (NYSE: SHO) provided an operations update for Q3 2024 and its impact on the full-year 2024 outlook. The company reported strong performance in July and August, with total portfolio RevPAR growth of 2.4% and Total RevPAR growth of 6.3%, excluding The Confidante Miami Beach. However, labor activity at the Hilton San Diego Bayfront in September led to event cancellations and lower business volume.

The company now anticipates full-year 2024 total portfolio RevPAR growth to be 125 to 150 basis points lower, Adjusted EBITDAre to be $11 million to $13 million lower, and Adjusted FFO per Diluted Share to be approximately $0.06 lower than previously forecasted. Despite this setback, Sunstone remains optimistic about earnings growth in 2025 and beyond, driven by recent brand conversions and acquisitions.

Additionally, Sunstone reported minimal impact from Hurricane Milton on its Florida properties and provided an update on its share repurchase program, having bought back 2.3 million shares in Q3 at an average price of $9.79 per share.

Sunstone Hotel Investors, Inc. (NYSE: SHO) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will report financial results on Tuesday, November 12, 2024, before the market opens. Management will hold a quarterly conference call on the same day at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time).

Investors can access a live webcast of the call through the Investor Relations section of Sunstone's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties can dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call.

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) focused on creating long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.

Sunstone Hotel Investors (NYSE: SHO) reported Q2 2024 results with net income of $26.1 million, down from $43.1 million in Q2 2023. Comparable RevPAR decreased 2.0% to $232.59, with average daily rate at $322.60 and occupancy at 72.1%. Excluding The Confidante Miami Beach, RevPAR increased 0.4%. Adjusted EBITDAre decreased 13.6% to $73.5 million, while Adjusted FFO per diluted share decreased 15.2% to $0.28.

The company updated its full-year 2024 guidance, reflecting a slower recovery in Maui and the completion of renovation work at Marriott Long Beach Downtown. Sunstone now expects total portfolio RevPAR growth between -0.25% to +1.75%, Adjusted EBITDAre of $242 to $252 million, and Adjusted FFO per diluted share of $0.85 to $0.90.