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

Sunstone Hotel Investors, Inc. SHO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$960.1M
▲ 6.0% YoY
$24.6M
▼ 43.2% YoY
In brief

What this company does

As of December 31, 2025, Sunstone Hotel Investors, Inc. owned 14 hotels, comprised of 6,999 rooms, located in 7 states and in Washington, DC. Its hotels are operated by third-party managers under long-term management agreements with the TRS Lessee or its subsidiaries. All of its hotels are operated under nationally recognized brands, except the Oceans Edge Resort & Marina, which operates independently. As of December 31, 2025, its third-party managers included subsidiaries of Marriott International, Inc., manager of six of its hotels; Hyatt Hotels Corporation, manager of three of its hotels; and Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Montage North America, LLC, Sage Hospitality Group and Singh Hospitality, LLC, each a manager of one of its hotels. As of December 31, 2025, it had 37 employees. Its headquarters are located at 15 Enterprise, Suite 200, Aliso Viejo, California 92656, under a lease with an unaffiliated party that terminates on April 30, 2029. Sunstone Hotel Investors, Inc. was incorporated in Maryland on June 28, 2004.

Written from the business description in Sunstone Hotel Investors, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 960.1M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.0
0.4B0.8B-0.2B-0.4B200920112013201520172019202120232025
Compound annual growth
+1.7%
+29.1%
−35.3%
−23.4%
−3.0%
−51.0%
+53.3%
+48.4%
+12.3%
−6.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +29.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.6% · Net 2.6%
10%20%-50%-100%-150%200920112013201520172019202120232025
ROE
FY2025 · ROE 1.2%
5%10%15%-5%-10%-15%200920112013201520172019202120232025

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

Cash & shareholders
USD 189.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2018 · FCF 290.1
100M200M-40M-80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 86.4 · Net buybacks 102.6
100M200MDividendsNet buybacks201720182019202020212022202320242025

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.

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.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.00.91.00.90.50.31.11.21.21.2·······
Operating income $B0.00.00.20.10.0−0.40.10.30.10.20.20.20.10.10.00.00.0
EBITDA $B0.20.20.30.20.2−0.30.30.40.30.30.30.30.20.20.20.10.1
Income tax $B0.0−0.00.00.00.00.0−0.00.0−0.0−0.00.00.00.00.0···
Net income $B0.00.00.20.10.0−0.40.10.30.20.10.40.10.10.00.10.0−0.3
Free cash flow $B·······0.30.1····0.1−0.1−0.1·
EPS, diluted $0.040.140.930.340.06−1.930.541.050.590.551.620.370.290.140.450.18−4.17
Dividend / sh $0.360.34··············0.60
Payout %352210292742−3811969107········
ROE %1.22.09.74.21.6−17.85.510.06.15.915.74.34.23.66.93.5·
Shares out B0.190.200.200.210.220.220.220.230.230.220.210.200.180.140.120.12·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 63 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHotels & Motels
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2009

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