ES
MARKETS / NYSE / SHO
NYSE · HOTELS & MOTELS · LARGE CAP

Sunstone Hotel Investors, Inc. SHO

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$960.1M
▲ 6.0% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$0.04
Dividend / sh · FY25
$0.36
Payout · FY25
352%
ROE · FY25
1.2%
Net margin · FY25
2.6%
Dividend coverage
0.1×
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Result
USD 960.1M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.40.81.21.00.02009201220152018202120242025
0.40.81.21.00.02016201920222025

3 cents of every revenue dollar became profit this year.

Per share
USD 0.04
Diluted EPS, FY2025
EPS Dividend
0.81.62.40.360.042009201220152018202120242025
0.81.62.40.360.042016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
1.2%
Return on equity, FY2025
ROE
4812161.2%2009201220152018202120242025
4812161.2%2016201920222025
Operating margin2.6%
Net margin2.6%
Return on assets0.8%

Each USD of equity produced 1 cents of profit this year.

Returned to shareholders
USD 189.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 86.4M
Net buybacksUSD 102.6M
Share of profit769.2%
Consecutive raises3 years

USD 86.4M in dividends and USD 102.6M in buybacks — 769% of the year's profit, so the payout drew on cash built up earlier.

Growth
+29.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+1.7%
+29.1%
Net income
−35.3%
−23.4%
−3.0%
EPS, diluted
−51.0%
−30.9%
−9.5%
Dividend / share
+53.3%
+48.4%
−12.8%
Returned to shareholders
+12.3%
−6.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.19B
Shares outstanding, FY2025
0.120.192009201220152018202120242025
0.220.192016201920222025
Change, 5 years−12.0%
Change, 10 years−8.6%

The share count shrank 12% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 3.0B
total assets, end of FY2025
Total assetsUSD 3.0B
EquityUSD 1.9B
CashUSD 109.2M
Gross debtUSD 918.1M
Net debtUSD 808.9M

Net debt stands at 42% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
1.0
0.9
1.0
0.9
0.5
0.3
1.1
1.2
1.2
1.2
·
·
·
·
·
·
·
Operating income $B
0.0
0.0
0.2
0.1
0.0
−0.4
0.1
0.3
0.1
0.2
0.2
0.2
0.1
0.1
0.0
0.0
0.0
EBITDA $B
0.2
0.2
0.3
0.2
0.2
−0.3
0.3
0.4
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.1
0.1
Income tax $B
0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
·
·
·
Net income $B
0.0
0.0
0.2
0.1
0.0
−0.4
0.1
0.3
0.2
0.1
0.4
0.1
0.1
0.0
0.1
0.0
−0.3
EPS, diluted $
0.04
0.14
0.93
0.34
0.06
−1.93
0.54
1.05
0.59
0.55
1.62
0.37
0.29
0.14
0.45
0.18
−4.17
Dividend / sh $
0.36
0.34
0.30
0.10
·
0.05
0.74
0.69
0.73
0.68
1.41
0.51
0.10
·
·
·
0.60
Payout %
352
210
29
27
42
−38
119
69
107
·
·
·
·
·
·
·
·
ROE %
1.2
2.0
9.7
4.2
1.6
−17.8
5.5
10.0
6.1
5.9
15.7
4.3
4.2
3.6
6.9
3.5
·
Shares out B
0.19
0.20
0.20
0.21
0.22
0.22
0.22
0.23
0.23
0.22
0.21
0.20
0.18
0.14
0.12
0.12
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
46 of 46
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed