Sunstone Hotel Investors, Inc. (SHO)

SHO Income Statement

Revenue, expenses, and profitability analysis

SHO Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	985.770M	259.709M	236.966M	229.323M	259.772M	234.065M	214.770M	226.392M	247.481M
Cost of Goods Sold	924.401M	136.687M	530.132M	128.356M	129.226M	126.832M	118.022M	52.101M	120.444M
Gross Profit	61.369M	123.022M	-293.166M	100.967M	130.546M	107.233M	96.748M	174.291M	127.037M
Gross Profit Margin	47.4%	47.4%	-123.7%	44.0%	50.3%	45.8%	45.0%	77.0%	51.3%
Total Operating Expenses	-25.421M	94.599M	-309.216M	89.076M	100.120M	90.762M	87.362M	157.893M	91.488M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	54.859M	13.692M	13.525M	13.420M	14.222M	13.116M	13.854M	13.220M	12.974M
Operating Income (EBIT)	86.790M	28.423M	16.050M	11.891M	30.426M	16.471M	9.386M	16.398M	35.549M
Operating Margin	10.9%	10.9%	6.8%	5.2%	11.7%	7.0%	4.4%	7.2%	14.4%
Income Before Tax (EBT)	38.110M	18.679M	7.161M	1.459M	10.811M	5.353M	819K	2.766M	26.397M
Interest Income	5.954M	3.654M	—	—	2.300M	1.564M	2.413M	2.350M	2.953M
Interest Expense	51.006M	12.357M	13.497M	12.927M	12.225M	11.819M	10.152M	15.241M	12.143M
Other Income/Expense	-48.680M	-9.744M	-8.889M	-10.432M	-19.615M	-11.118M	-8.567M	-13.632M	-9.152M
Net Income	37.870M	18.557M	7.217M	1.322M	10.774M	5.255M	836K	3.249M	26.142M
Income Tax Expense	240K	122K	-56K	137K	37K	98K	-17K	-483K	255K
Net Profit Margin	7.1%	7.1%	3.0%	0.6%	4.1%	2.2%	0.4%	1.4%	10.6%
EBITDA	225.180M	65.213M	54.492M	48.314M	57.161M	49.447M	43.637M	49.696M	69.652M
EBITDA Margin	25.1%	25.1%	23.0%	21.1%	22.0%	21.1%	20.3%	22.0%	28.1%
Depreciation & Amortization	136.064M	34.177M	33.834M	33.928M	34.125M	32.275M	32.666M	31.689M	31.112M
EPS Basic	0.14	0.08	0.04	-0.02	0.03	0.01	-0.02	-0.00	0.11
EPS Diluted	0.14	0.08	0.04	-0.02	0.03	0.01	-0.02	-0.00	0.11
Shares Outstanding	188.361M	188.361M	189.172M	189.253M	195.791M	200.410M	200.185M	201.402M	202.758M
Diluted Shares Outstanding	188.668M	188.668M	189.948M	190.112M	196.304M	201.444M	200.185M	201.402M	203.455M

SHO Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	960.126M	905.809M	986.480M	912.053M	509.150M	267.906M	1.115B	1.159B
Cost of Goods Sold	914.546M	484.071M	509.523M	464.395M	302.320M	251.685M	530.803M	546.384M
Gross Profit	45.580M	421.738M	476.957M	447.658M	206.830M	16.221M	584.364M	612.669M
Gross Profit Margin	4.7%	46.6%	48.3%	49.1%	40.6%	6.1%	52.4%	52.9%
Total Operating Expenses	-29.258M	343.146M	358.301M	348.314M	292.267M	16.221M	422.278M	429.385M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.23
Selling, General & Administrative	54.283M	52.180M	51.958M	46.979M	31.156M	23.741M	214.954M	218.189M
Operating Income (EBIT)	74.838M	78.592M	118.656M	99.344M	-85.437M	0.00	178.643M	298.851M
Operating Margin	7.8%	8.7%	12.0%	10.9%	-16.8%	0.0%	16.0%	25.8%
Income Before Tax (EBT)	24.784M	42.162M	211.270M	91.125M	33.104M	-403.916M	142.642M	260.826M
Interest Income	10.964M	13.719M	7.835M	5.242M	3.405M	2.836M	16.557M	10.500M
Interest Expense	49.168M	47.618M	48.979M	32.005M	31.721M	53.307M	54.223M	47.690M
Other Income/Expense	-50.054M	-36.430M	92.614M	-8.219M	118.541M	-403.916M	-19.444M	-38.025M
Net Income	24.568M	43.262M	206.708M	87.289M	34.298M	-404.689M	135.733M	250.445M
Income Tax Expense	216K	-1.100M	4.562M	359K	109K	6.590M	-151K	1.767M
Net Profit Margin	2.6%	4.8%	21.0%	9.6%	6.7%	-151.1%	12.2%	21.6%
EBITDA	212.257M	214.287M	387.311M	249.234M	193.507M	-216.684M	326.391M	324.024M
EBITDA Margin	22.1%	23.7%	39.3%	27.3%	38.0%	-80.9%	29.3%	28.0%
Depreciation & Amortization	134.508M	124.507M	127.062M	126.396M	128.682M	137.051M	958.951M	977.164M
EPS Basic	0.04	0.14	0.93	0.34	0.16	-1.90	0.54	1.11
EPS Diluted	0.04	0.14	0.93	0.34	0.16	-1.90	0.54	1.11
Shares Outstanding	193.613M	201.739M	205.590M	212.613M	216.296M	215.934M	225.681M	225.924M
Diluted Shares Outstanding	194.316M	202.642M	205.865M	212.653M	216.296M	215.934M	225.681M	225.924M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Sunstone Hotel Investors, Inc.

Sunstone Hotel Investors, Inc. functions as a real estate investment trust (REIT) focused on the hospitality sector. As of the current date, its holdings include interests in 19 hotel properties, which collectively offer 9,997 guest rooms. Sunstone's primary business activities involve the acquisition, ownership, strategic asset management, and either refurbishment or repositioning of hotels it designates as "Long-Term Relevant Real Estate®." A considerable number of these establishments are operated under prominent national brands like Marriott, Hilton, and Hyatt.

Irvine, CA

36 employees

www.sunstonehotels.com

Real Estate / REIT - Hotel & Motel

Sector: Real Estate
Industry: REIT - Hotel & Motel
CEO: Bryan Albert Giglia

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