The upcoming report from Sunstone Hotel Investors (SHO) is expected to reveal quarterly earnings of $0.14 per share, indicating a decline of 26.3% compared to the year-ago period. Analysts forecast revenues of $213.46 million, representing a decrease of 2.6% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its ear ...

ALISO VIEJO, Calif., Jan. 30, 2025 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced the following tax treatment of the 2024 distributions to holders of the Company's common stock and Series H and Series I preferred stock. Record Date Payable Date Total Distribution Per Share Taxable in 2024 Ordinary Dividends Section 199A Dividends Taxable in 2025 Common Stock - Ticker Symbol: SHO / CUSIP: 867892101 3/28/2024 4/15/2024 $0.070000 $0.07000 ...

Financial Data and Key Metrics Changes - Adjusted EBITDAre for Q3 2024 was approximately $54 million, and FFO was $0.18 per diluted share [31] - Full year 2024 RevPAR change is expected to range from a decline of 3.25% to a decline of 1.75% compared to 2023 [32] - Full year adjusted EBITDAre is estimated to range from $220 million to $230 million, and adjusted FFO per diluted share is expected to range from $0.75 to $0.80 [33] Business Line Data and Key Metrics Changes - Group segment led by the Westin Washington, DC Downtown, which grew RevPAR by 33% and total RevPAR by 39% [11] - Urban hotel portfolio grew RevPAR by a healthy 9%, excluding Long Beach [16] - Leisure demand moderated, particularly in Key West and Maui, with ongoing normalization in pricing [17][18] Market Data and Key Metrics Changes - Business travel trends improved in Q3, with strong performance in markets like Boston, San Francisco, and Portland [14] - Occupancy in Portland jumped more than 16 points compared to last year, indicating recovery [15] - Maui's leisure demand has been softer than expected, but group bookings for 2025 are showing improvement [62] Company Strategy and Development Direction - The company is focused on three strategic objectives: recycling capital, investing in the portfolio, and returning capital to shareholders [24] - The transformation of Andaz Miami Beach is ongoing, with an updated total renovation investment of approximately $95 million [27] - The company anticipates a strong setup for 2025, driven by group production and improved market conditions [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about earnings potential moving into 2025, despite a muted near-term outlook [10] - The company is encouraged by the long-term growth potential embedded in its portfolio, despite short-term impacts from weather and labor disruptions [22] - Management noted that the leisure environment in Maui is expected to improve with promotional campaigns and increased airlift [63][66] Other Important Information - The company repurchased $23 million of stock in Q3, bringing the year-to-date total to over $26 million [21] - The balance sheet remains strong, with nearly $700 million of total liquidity [35] - A quarterly base common dividend of $0.09 per share has been authorized for Q4 [37] Q&A Session Summary Question: Impact of San Diego and Miami on 2025 - Management indicated that the hotel in San Diego is back to normal operations, with strong pace for 2025, while Miami's EBITDA expectations have been adjusted downwards due to delayed opening [40][42] Question: Stabilized yield expectations for Andaz - Yield expectations for Andaz remain in the 8% to 9% range, despite increased renovation costs [46] Question: Strategic opportunities for NAV assets - Management is focused on stabilizing assets and evaluating the timing for potential monetization [50][53] Question: Wine country asset sale potential - Management believes the sale price for wine country assets may be slightly below purchase price, depending on cash flow realization [55] Question: Maui's performance and recovery trajectory - Management expects Maui to return to a similar performance level as before, with strong group demand and improved airlift [66] Question: Capital allocation priorities for next year - The company will maintain a balanced approach to capital allocation, focusing on investments and potential asset sales [68] Question: Wage inflation expectations - Wage inflation is expected to remain in the 4% to 6% range, with no significant changes anticipated from new administration policies [74][76] Question: Ancillary revenue opportunities - Management sees limited opportunities for ancillary revenue from billboards but is exploring retail and development opportunities within the portfolio [86][89]

Supplemental Financial Information For the quarter ended September 30, 2024 November 12, 2024 Corporate Profile And Disclosures Regarding Non-GAAP Financial Measures 2 Comparable Corporate Financial Information 6 Capitalization 12 Property-Level Data And Operating Statistics 15 Property-Level Revenues, Adjusted EBITDAre & Adjusted EBITDAre Margins 20 Supplemental Financial Information November 12, 2024 Table of Contents Supplemental Financial Information November 12, 2024 CORPORATE PROFILE AND DISCLOSURES R ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.01 par value SHO New York Stock Exchange Series H Cumulative Redeemable Preferred Stock, $0.01 par value SHO.PRH New York Stock Exchange Series I Cumulative Redeemable Preferred Stock, $0.01 par value SHO.PRI New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PUR ...

Sunstone Hotel Investors (SHO) reported $226.39 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.6%. EPS of $0.18 for the same period compares to $0.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $222.92 million, representing a surprise of +1.56%. The company delivered an EPS surprise of -10.00%, with the consensus EPS estimate being $0.20.While investors scrutinize revenue and earnings changes year-over-year and how they com ...

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.18 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -10%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.27 per share when it actually produced FFO of $0.28, delivering a surprise of 3.70%.Over the l ...

Exhibit 99.1 SUNSTONE HOTEL INVESTORS PROVIDES OPERATIONS UPDATE Aliso Viejo, Calif. (October 10, 2024) – Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today provided an update on recent operating activity for the third quarter and the estimated resulting impact on its previously provided full-year 2024 outlook. Operations Update The Company's operations for July and August 2024 were consistent with its prior expectations and reflect continued strength in group activity, an accele ...

Refinances Only 2024 MaturityALISO VIEJO, Calif., Nov. 12, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter ended September 30, 2024.Third Quarter 2024 Operational Results (as compared to Third Quarter 2023): Net Income: Net income was $3.2 million as compared to $15.6 million. Comparable RevPAR: Comparable RevPAR decreased 1.3% to $207.56. The average daily rate was $301.69 and occupancy was 68.8%. Excluding The Conf ...

Wall Street analysts forecast that Sunstone Hotel Investors (SHO) will report quarterly earnings of $0.20 per share in its upcoming release, pointing to a year-over-year decline of 13%. It is anticipated that revenues will amount to $222.92 million, exhibiting a decline of 10% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconside ...