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Sunstone Hotel Investors, Inc.

SHO Real Estate Reit Hotel & Motel

Sunstone Hotel Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $960.1 million, up 6.00% from fiscal 2024.

Revenue
+1.92%
EPS
+1,150.0%
Free cash flow
+36.2%
Total debt
+2.90%

Quarter to September 2026, against a year earlier

12.45 0.10 +0.81%
Market cap
$2.3B
P/E
27.7×
Fwd P/E
46.6×
Dividend yield
2.89%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.04
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 2,300.00
Revenue ttm 1,007.50
Net income ttm 92.69
Free cash flow ttm 197.81
Net debt Q 626.15
Valuation
P/E 27.67
Forward P/E 46.60 (above 35: high)
Price / sales 2.24
Forward P/S Powerpack
Price / FCF 21.83
Price / book 1.38
Financial health
Current ratio Q 3.84
Debt / equity Q 0.53
Interest coverage Q 1.66
Growth
Revenue growth Q +1.92% (above 0%: growing)
Operating income growth Q +49.74% (above 0%: growing)
EPS, this year +575.54% (at or above 15%: strong)
EPS, next year A −8.64% (below 0%: weak)
Revenue, next year A +2.82%
EPS, past 5 yrs —
EPS, next 5 yrs A +96.43% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 2.9×; over the ten years it ranged from 2.1× in 2020 to 25.2× in 2021.
P/E against its own 10 years 67.99%
10-year low 10-year high
P/S against its own 10 years 35.04%
10-year low 10-year high
P/B against its own 10 years 79.33%
10-year low 10-year high
EV/Sales against its own 10 years 43.48%
10-year low 10-year high
EV/FCF against its own 10 years 77.75%
10-year low 10-year high

Dividends raised 4 years running

Yield
2.89%
Annual rate
0.36
Payout ratio
80.0%
Growth, 2017–25
−8.46%/yr
  1. 0.73 ’17
  2. 0.69 ’18 −5
  3. 0.74 ’19 +7
  4. 0.05 ’20 −93
  5. 0.00 ’21 −100
  6. 0.10 ’22
  7. 0.17 ’23 +70
  8. 0.34 ’24 +100
  9. 0.36 ’25 +6
  10. 0.36 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 494 180 186 318
Receivables 31 34 34 40
Inventory — — — —
Other — — — —
551 242 253 —
2023 2024 2025 Q'26
Payables 48 53 63 53
ST’ Debt — — — —
Other — — — —
78 77 86 —

Compound Annual Growth %

10y 5y 3y
Sales (2.60%) 29.08% 1.73%
Cash Flow (5.18%) 0.00% (4.61%)
Earnings (30.85%) 0.00% (51.26%)
Book Value (1.88%) (1.43%) (2.30%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.30 Actual 0.32

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.15 0.17 Beat by 0.02
Q4 FY25 0.18 0.20 Beat by 0.02
Q1 FY26 0.22 0.27 Beat by 0.05
Q2 FY26 0.30 0.32 Beat by 0.02
Q3 FY26 0.19 — Reports 6 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.08 0.14 0.21 — —
’25 0.01 0.03 (0.02) 0.02 0.04
’24 0.05 0.11 0.00 (0.02) 0.14
’23 0.08 0.19 0.06 0.60 0.93
’22 0.05 0.15 0.08 0.07 0.34
’21 (0.26) (0.16) (0.13) 0.61 0.06
’20 (0.75) (0.55) (0.43) (0.19) (1.93)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 260 277 234 — —
’25 234 260 229 237 960
’24 217 247 226 215 906
’23 243 276 248 219 986
’22 172 251 244 244 912
’21 51 117 167 174 509
’20 191 10 29 37 268
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 45 62 54 — —
’25 32 59 54 37 182
’24 38 55 47 30 170
’23 47 60 62 29 198
’22 13 78 59 60 209
’21 (38) 24 22 20 28
’20 (3) (32) (52) (29) (117)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 40 54 — —
’25 4 77 39 7 124
’24 11 (216) 5 (17) (216)
’23 25 33 37 358 452
’22 173 (187) 24 29 40
’21 (45) (182) (3) 14 (215)
’20 (20) (49) 13 53 (3)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,189 1,194 1,159 1,115 268 509 912 986 906 960 1,008 (2.4%) 987 966 979 +0.7%
Gross margin, % 65.02 65.27 65.17 65.09 47.70 64.94 64.98 64.34 63.66 62.68 0.00 (2.3) pt
EBT 140 138 261 143 (404) 33 91 211 42 25 93 (17.5%)
EBT margin, % 11.78 11.58 22.50 12.79 (150.77) 6.50 9.99 21.42 4.65 2.58 9.25 (9.2) pt
Net income 141 153 259 143 (411) 33 91 207 43 25 93 (17.6%)
Per share, $
Per share, $ Revenue 5.53 5.38 5.13 4.94 1.24 2.35 4.29 4.80 4.49 4.96 5.55 (1.2%)
Earnings 0.55 0.59 1.05 0.54 (1.93) 0.06 0.34 0.93 0.14 0.04 0.45 (25.3%)
Cash flow 1.34 1.38 1.35 1.29 (0.54) 0.13 0.98 0.96 0.84 0.94 1.09 (3.9%)
Capex (0.67) (0.62) 0.69 (0.21) 0.53 (1.13) (0.80) 1.24 (1.92) (0.30) 0.00 (8.5%)
Free cash flow 0.67 0.76 2.04 1.08 (0.01) (1.00) 0.19 2.20 (1.07) 0.64 1.09 (0.6%)
Book value 11.78 11.64 12.00 11.61 9.68 10.36 9.81 10.54 10.43 10.04 9.84 (1.8%)
Shares, m 215 222 226 226 216 216 213 206 202 194 187 (1.2%)
Valuation, ×
Valuation, × P/E 28.59 27.82 12.39 25.78 0.00 195.50 26.97 11.56 84.57 223.50 27.67 63.7
P/S 2.79 3.10 2.54 2.82 9.13 4.98 2.20 2.24 2.64 1.80 2.24 3.4
P/B 1.42 1.55 1.17 1.29 1.29 1.30 1.11 1.17 1.31 1.04 1.38 1.3
EV/Sales 3.06 3.48 2.65 2.85 10.41 5.82 2.92 2.57 3.37 2.57 2.86 4.0
EV/FCF 24.75 25.40 6.68 14.13 (931.98) (13.76) 68.46 5.60 (14.05) 19.38 27.88 (79.5)
Cash, $m
Cash, $m Operating cash flow 288 307 305 291 (117) 28 209 198 170 182 198 (5.0%)
Capex (143) (139) 155 (47) 114 (244) (170) 254 (387) (58) (102) (9.5%)
Free cash flow 145 168 461 244 (3) (215) 40 452 (216) 124 198 (1.7%)
Balance, $m
Balance, $m Working capital 159 486 676 588 344 106 139 473 165 167 215 +0.6%
Net debt 324 445 136 40 342 426 655 321 661 732 626 +9.5%
Shareholders’ equity 2,532 2,582 2,711 2,621 2,089 2,240 2,085 2,167 2,104 1,945 1,787 (2.9%)
Returns, %
Returns, % ROA 3.11 3.49 6.07 3.11 (12.09) 0.45 2.39 6.18 0.90 0.28 2.82 (2.8) pt
ROIC 4.13 3.85 3.99 3.23 (10.13) (2.07) 2.19 2.98 1.78 1.77 2.52 (2.4) pt
ROE 5.17 5.60 9.67 4.96 (19.28) 0.71 3.88 10.45 1.51 0.49 0.00 (4.7) pt
People
People Employees 48 49 48 47 40 42 40 40 36 37 — (2.9%)
Revenue/emp, $m 24.78 24.36 24.15 23.73 6.70 12.12 22.80 24.66 25.16 25.95 — +0.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Sunstone Hotel Investors, Inc. vs peers in Reit Hotel & Motel (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
APLE Apple Hospitality REIT, Inc. $4.3B 23.9× 25.7× +6.54% (above 0%: growing) +23.81% (above 0%: growing) +8.67% (above 0%: growing) 0.00% 20.64% Compare
PK Park Hotels & Resorts Inc. $3.1B — (loss-making) 38.7× −1.31% (below 0%: shrinking) n/m +119.35% (above 0%: growing) 64.12% 6.31% Compare
DRH DiamondRock Hospitality Company $2.9B 17.7× 18.2× +4.28% (above 0%: growing) +62.80% (above 0%: growing) −2.06% (below 0%: shrinking) 38.14% 17.18% Compare
PEB Pebblebrook Hotel Trust $2.3B — (loss-making) — (loss-making) +1.01% (above 0%: growing) n/m +22.68% (above 0%: growing) 28.27% (6.86%) Compare
SHO Sunstone Hotel Investors, Inc. $2.3B 27.7× 46.6× +1.92% (above 0%: growing) n/m +36.23% (above 0%: growing) 0.00% 7.62%
XHR Xenia Hotels & Resorts, Inc. $2.0B 552× — (loss-making) +11.60% (above 0%: growing) n/m +45.88% (above 0%: growing) 58.12% 6.17% Compare
RLJ RLJ Lodging Trust $1.9B 208× 631× +7.40% (above 0%: growing) n/m +106.37% (above 0%: growing) 0.00% 8.53% Compare
INN Summit Hotel Properties, Inc. $834.4M — (loss-making) — (loss-making) +4.85% (above 0%: growing) n/m +99.38% (above 0%: growing) 32.54% 8.80% Compare
SVC Service Properties Trust $712.3M — (loss-making) — (loss-making) −16.55% (below 0%: shrinking) n/m −72.13% (below 0%: shrinking) 35.98% (0.08%) Compare
Median of peers $2.1B 116× 32.2× +4.56% — +34.28% 34.26% 7.42%

All 15 Reit Hotel & Motel stocks →

Pay and ownership Proxy statement filed 18 March 2026

Ownership

Directors and executive officers, together 1.40%
BlackRock, Inc. 17.90%
Vanguard Portfolio Management 10.30%
State Street Corporation 7.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Sunstone Hotel Investors, Inc. (SHO) Latest News

6 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · PR Newswire

29 Oct

Impact 3 · · Zacks

27 Oct

Impact 4 · · Zacks

22 Oct

Impact 3 · · Zacks

18 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 3 · · Zacks

9 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 3 ·

27 Jun

Impact 4 ·

24 Jun

Impact 4 · · Zacks
Impact 4 · · hoteldive.com
Impact 4 · · hotelmanagement-network.com

23 Jun

Impact 4 · · PR Newswire

12 Jun

Impact 3 ·

2 Jun

Impact 3 · · Simply Wall St.

13 May

Impact 4 · · Simply Wall St.

5 May

Impact 4 · · Moby
Impact 4 · · PR Newswire
Impact 3 · · Zacks

28 Feb

Impact 4 · · MarketBeat
Impact 4 · · Moby

27 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · PR Newswire
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance

25 Jan

Impact 3 · · Insider Monkey

18 Jan

Impact 3 · · Simply Wall St.

SHO metrics, ten years each

stockrow.com/SHO · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com