Saturday 17 October 2026 Export SHO’s income statement to Excel — free account

Sunstone Hotel Investors, Inc.

Sunstone Hotel Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $960.1 million, up 6.00% from fiscal 2024. In the quarter to June 2026, revenue grew 6.67%, EPS grew 366.7%, free cash flow fell 48.7% and total debt rose 11.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

11.83 0.04 −0.34%

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Market cap: $2.2B
P/E: 53.8×
Fwd P/E: 83.9×
Dividend yield: 3.04%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 1.16%

Capital & Financial Ratios $m

Market Cap 2,210.00

Revenue 1,003.11

Net Income 53.12

Free Cash Flow 96.80

Net Debt 764.67

Current Ratio 3.84

Debt/Equity 0.51

P/E ratio 53.77

Fwd P/E 83.90

P/S ratio 2.19

P/B ratio 1.34

Past 5Y EPS Growth —

This Y EPS Growth 570.44%

Next Y EPS Growth (10.07%)

Next Y revenue growth 2.47%

Next 5Y EPS Growth 93.54%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 83.09%

10-year low 10-year high

P/S against its own 10 years 29.67%

10-year low 10-year high

P/B against its own 10 years 73.39%

10-year low 10-year high

EV/Sales against its own 10 years 50.72%

10-year low 10-year high

EV/FCF against its own 10 years 79.08%

10-year low 10-year high

Dividends

Payout Ratio 1.64

Annual Dividend Rate 0.36

Annual Dividend Yield 3.04%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.36	0.09 0.09 0.09
2025	0.36	0.09 0.09 0.09 0.09
2024	0.34	0.07 0.09 0.09 0.09
2023	0.17	0.05 0.05 0.07 0.06
2022	0.10	0.05 0.05
2021	Powerpack
2020	0.05	0.05
2019	0.74	0.05 0.05 0.05 0.59
2018	0.69	0.05 0.05 0.05 0.54
2017	0.73	0.05 0.05 0.05 0.58
2016	0.68	0.05 0.05 0.05 0.53

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	494	180	186	204
Receivables	31	34	34	51
Inventory	—	—	—	—
Other	—	—	—	239
	551	242	253	290

	2023	2024	2025	Q'26
Payables	48	53	63	54
ST’ Debt	—	—	—	—
Other	—	—	—	0
	78	77	86	75

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%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	260	277	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.08	0.14	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.53	14.15	12.81	12.54	5.75	10.14	9.20	8.60	9.39	7.45	Analyst estimates 2026–2028 Powerpack
	High	16.05	17.46	17.60	15.49	14.00	13.91	12.72	11.38	12.41	12.27
People
People	Employees	48	49	48	47	40	42	40	40	36	37
	Revenue/emp, $m	24.78	24.36	24.15	23.73	6.70	12.12	22.80	24.66	25.16	25.95
Income, $m
Income, $m	Revenue	1,189	1,194	1,159	1,115	268	509	912	986	906	960
	Gross margin, %	65.02	65.27	65.17	65.09	47.70	64.94	64.98	64.34	63.66	62.68
	EBT	140	138	261	143	(404)	33	91	211	42	25
	EBT margin, %	11.78	11.58	22.50	12.79	(150.77)	6.50	9.99	21.42	4.65	2.58
	Net income	141	153	259	143	(411)	33	91	207	43	25
	Depreciation	173	170	158	160	150	144	140	140	138	147
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
	Earnings	0.55	0.59	1.05	0.54	(1.93)	0.06	0.34	0.93	0.14	0.04
	Cash flow	1.34	1.38	1.35	1.29	(0.54)	0.13	0.98	0.96	0.84	0.94
	Capex	(0.67)	(0.62)	0.69	(0.21)	0.53	(1.13)	(0.80)	1.24	(1.92)	(0.30)
	Free cash flow	0.67	0.76	2.04	1.08	(0.01)	(1.00)	0.19	2.20	(1.07)	0.64
	Book value	11.78	11.64	12.00	11.61	9.68	10.36	9.81	10.54	10.43	10.04
	Shares, m	215	222	226	226	216	216	213	206	202	194
Valuation, ×
Valuation, ×	P/E	28.59	27.82	12.39	25.78	0.00	195.50	26.97	11.56	84.57	223.50
	P/S	2.79	3.10	2.54	2.82	9.13	4.98	2.20	2.24	2.64	1.80
	P/B	1.42	1.55	1.17	1.29	1.29	1.30	1.11	1.17	1.31	1.04
	EV/Sales	3.06	3.48	2.65	2.85	10.41	5.82	2.92	2.57	3.37	2.57
	EV/FCF	24.75	25.40	6.68	14.13	(931.98)	(13.76)	68.46	5.60	(14.05)	19.38
Cash, $m
Cash, $m	Operating cash flow	288	307	305	291	(117)	28	209	198	170	182
	Capex	(143)	(139)	155	(47)	114	(244)	(170)	254	(387)	(58)
	Free cash flow	145	168	461	244	(3)	(215)	40	452	(216)	124
Balance, $m
Balance, $m	Working capital	159	486	676	588	344	106	139	473	165	167
	Total debt	762	1,004	998	905	758	589	813	815	841	918
	Net debt	324	445	136	40	342	426	655	321	661	732
	Shareholders’ equity	2,532	2,582	2,711	2,621	2,089	2,240	2,085	2,167	2,104	1,945
Returns, %
Returns, %	ROA	3.11	3.49	6.07	3.11	(12.09)	0.45	2.39	6.18	0.90	0.28
	ROIC	4.13	3.85	3.99	3.23	(10.13)	(2.07)	2.19	2.98	1.78	1.77
	ROE	5.17	5.60	9.67	4.96	(19.28)	0.71	3.88	10.45	1.51	0.49

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$4.0B	23.0×	23.1×	+4.73% (above 0%: growing)	+3.70% (above 0%: growing)	+26.31% (above 0%: growing)	62.61%	21.90%	Compare
PK Park Hotels & Resorts Inc.	$3.2B	— (loss-making)	32.7×	+1.19% (above 0%: growing)	n/m	−32.86% (below 0%: shrinking)	66.32%	13.97%	Compare
DRH DiamondRock Hospitality Company	$2.7B	18.4×	21.3×	+4.11% (above 0%: growing)	+131.58% (above 0%: growing)	+55.54% (above 0%: growing)	40.99%	23.04%	Compare
SHO Sunstone Hotel Investors, Inc.	$2.2B	53.8×	83.9×	+6.67% (above 0%: growing)	+366.67% (above 0%: growing)	−48.66% (below 0%: shrinking)	64.91%	12.34%
PEB Pebblebrook Hotel Trust	$2.2B	— (loss-making)	— (loss-making)	−0.10% (below 0%: shrinking)	+200.00% (above 0%: growing)	+45.80% (above 0%: growing)	30.05%	14.06%	Compare
RLJ RLJ Lodging Trust	$1.8B	— (loss-making)	— (loss-making)	+5.48% (above 0%: growing)	+6.67% (above 0%: growing)	+61.94% (above 0%: growing)	63.62%	14.50%	Compare
XHR Xenia Hotels & Resorts, Inc.	$1.7B	— (loss-making)	47.2×	+2.75% (above 0%: growing)	n/m	−69.76% (below 0%: shrinking)	60.89%	0.01%	Compare
SVC Service Properties Trust	$801.7M	— (loss-making)	— (loss-making)	−16.38% (below 0%: shrinking)	n/m	+67.86% (above 0%: growing)	37.13%	(30.28%)	Compare
INN Summit Hotel Properties, Inc.	$775.2M	— (loss-making)	— (loss-making)	+3.16% (above 0%: growing)	n/m	+40.88% (above 0%: growing)	36.47%	14.51%	Compare
Median of peers	$2.0B	—	27.9×	+2.96%	+69.13%	+43.34%	50.94%	14.28%

All 15 Reit Hotel & Motel stocks →

Sunstone Hotel Investors, Inc. (SHO) key facts

Strength: Sunstone Hotel Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $960.1 million, up 6.00% from fiscal 2024.
Sunstone Hotel Investors, Inc. (SHO) is a Reit Hotel & Motel company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, SHO traded at $11.83, a market capitalization of $2.2 billion.
Sunstone Hotel Investors, Inc. pays an annual dividend of $0.36 per share, a yield of 3.04%, with a payout ratio of 163.6%.
Return on equity was 0.49% and debt-to-equity 0.51.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.