Every material Form 8-K Sunstone Hotel Investors has filed with the SEC since February 23, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Sunstone Hotel Investors reported third-quarter 2026 net income attributable to common stockholders of $38.7 million, or $0.21 per diluted share, compared with a net loss of $2.9 million, or $(0.02) per share, a year earlier. The company raised its full-year 2026 guidance, including adjusted FFO per diluted share of $1.00 to $1.03, up from $0.93 to $0.98, and the quarter included a $31.5 million gain on sale of assets. For shareholders, the results and higher outlook reflect stronger hotel demand and continued stock repurchases, which the company says were completed at a discount.
Third-quarter RevPAR rose 11.4% to $235.22; Total RevPAR rose 10.5% to $394.97.
Adjusted FFO per diluted share rose 17.6% to $0.20; Adjusted EBITDAre rose 8.8% to $54.5 million.
2026 guidance raised: net income attributable to common per diluted share now $0.46 to $0.49 (prior $0.37 to $0.42); RevPAR growth now 9.5% to 10.5% (prior 7.0% to 9.0%).
From the start of 2026 through November 5, 2026, the company repurchased $196.9 million of common and preferred stock, with $310.6 million remaining under its authorization.
Sunstone Hotel Investors reported second-quarter 2026 net income attributable to common stockholders of $26.0 million, or $0.14 per diluted share, up from $6.8 million, or $0.03, a year earlier. The company raised its full-year 2026 outlook, citing stronger leisure demand and its July 30, 2026 sale of Hyatt Regency San Francisco, which also funded stock repurchases.
Q2 2026 net income attributable to common stockholders was $26.0 million, or $0.14 per diluted share, versus $6.8 million, or $0.03, in Q2 2025.
Current full-year 2026 net income guidance is $79 million to $89 million, versus $34 million to $48 million before adjustments for the Hyatt Regency San Francisco sale.
Full-year 2026 Adjusted FFO per diluted share guidance is $0.93 to $0.98, up from an adjusted prior range of $0.86 to $0.94.
The company sold the 821-room Hyatt Regency San Francisco on July 30, 2026 for a gross price of $279 million and declared a $0.09 common dividend payable October 15, 2026.
Sunstone Hotel Investors reported first-quarter 2026 net income attributable to common stockholders of $16.0 million, or $0.08 per diluted share, up from $1.3 million, or $0.01, a year earlier, and raised its full-year 2026 guidance for net income and Adjusted FFO per share. The company said it repurchased $49.2 million of common and preferred stock from the start of 2026 through May 1, 2026. General Counsel David Klein will leave the company effective May 31, 2026, as part of an executive restructuring.
Q1 2026 net income attributable to common stockholders was $16.0 million, or $0.08 per diluted share, versus $1.3 million, or $0.01, in Q1 2025.
RevPAR for all hotels rose 14.6% to $255.04; excluding Andaz Miami Beach, RevPAR rose 5.7%.
Full-year 2026 net income per diluted share guidance is now $0.11 to $0.18, up from $0.02 to $0.16; Adjusted FFO per diluted share guidance is now $0.88 to $0.96, up from $0.81 to $0.94.
General Counsel David Klein departs May 31, 2026, with a cash payment of $1,500,000 less the value of accelerated stock awards, plus accelerated vesting of awards covering 73,920 shares.
Sunstone Hotel Investors reported fourth-quarter 2025 net income of $7.2 million, up from $0.8 million a year earlier, with total portfolio RevPAR up 9.6%. Full-year 2025 net income fell to $24.6 million from $43.3 million, though the company said it would have been $33.3 million excluding a loss on the June 2025 sale of the Hilton New Orleans St. Charles. The company also reauthorized a $500.0 million stock repurchase program and issued 2026 guidance.
Q4 2025 net income was $7.2 million versus $0.8 million; Adjusted EBITDA re rose 17.6% to $56.6 million.
Full-year 2025 Adjusted FFO per diluted share was $0.86, up 7.5%, and above the $0.835 midpoint of prior guidance of $0.80 to $0.87.
In February 2026 the board reauthorized repurchases of up to $500.0 million of common and preferred stock.
2026 guidance calls for net income of $21 to $46 million and Adjusted FFO per diluted share of $0.81 to $0.94.
Sunstone Hotel Investors, Inc. (NYSE: SHO) elected Michael Barnello to its Board of Directors, effective November 15, 2025, and expanded the board to nine members. Barnello, a founder and managing partner at Badlands Hotel Capital, previously led LaSalle Hotel Properties, and the board has determined he is independent under NYSE listing standards. The press release quotes Tarsadia Capital citing constructive engagement with the board and management on efforts to realize shareholder value.
Barnello's term runs until the 2026 annual meeting of stockholders, where the company plans to nominate him for election.
The board grows from eight to nine members with Barnello's appointment, which the board has determined makes him an independent director under NYSE standards.
Barnello was President and CEO of LaSalle Hotel Properties (NYSE: LHO), which owned 41 properties with approximately 10,400 guest rooms.
Michael Ching of Tarsadia Capital said the appointment is part of Sunstone's ongoing efforts toward realizing value for its shareholders.
Sunstone Hotel Investors reported third-quarter 2025 results with net income of $1.3 million, down 59.3% from $3.2 million a year earlier, and Adjusted EBITDA re of $50.1 million, down 6.6%. Total Portfolio RevPAR rose 2.0% to $216.12, but profit measures declined, and the company maintained its full-year 2025 outlook.
Q3 net income was $1.3 million versus $3.2 million in Q3 2024; loss per diluted share attributable to common stockholders was $(0.02).
Total Portfolio RevPAR rose 2.0% to $216.12 with occupancy of 70.3% and average daily rate of $307.43.
Adjusted FFO per diluted share was $0.17, down 5.6% from $0.18; full-year 2025 guidance was maintained, including Adjusted FFO per diluted share of $0.80 to $0.87.
A new $1.35 billion credit agreement addresses all debt maturities through 2028 and lowers borrowing cost, according to the company.
Sunstone Hotel Investors entered a Third Amended and Restated Credit Agreement with an aggregate borrowing capacity of $1.35 billion, replacing its prior facilities and extending debt maturities into 2030 and 2031. The company says the deal addresses all near-term maturities and lowers its overall cost of borrowing, though the filing does not quantify the savings.
Facilities include a $500 million unsecured revolver maturing September 24, 2029, and three term loans totaling $850 million maturing in 2029, 2030 and 2031.
Company can increase the facility by up to $300 million, for an aggregate of $1.65 billion, if lenders agree.
Only $185 million of the $275 million Term 1 Loan was drawn at closing; the remainder is available for 150 days, and the company plans to use up to $90 million to repay Series A Senior Notes at maturity.
Interest is priced at adjusted term SOFR plus a margin of 1.35% to 2.25%, based on leverage.
Sunstone Hotel Investors reported second-quarter 2025 net income of $10.8 million, down from $26.1 million a year earlier, and lowered its full-year 2025 outlook. Revenue per available room (RevPAR) rose 2.2%, but the company cited weaker leisure demand in Maui, a slower ramp at Andaz Miami Beach, and subdued government business in Washington, DC, which it expects to pressure second-half performance.
Q2 2025 net income was $10.8 million versus $26.1 million; excluding an $8.8 million loss on the sale of the Hilton New Orleans St. Charles, it would have been $19.5 million.
Full-year 2025 net income guidance was cut to $14 million to $28 million from $24 million to $49 million adjusted prior guidance, a midpoint change of $15 million.
Full-year Adjusted EBITDAre guidance is now $226 million to $240 million, down from $233 million to $258 million adjusted prior guidance.
The company repurchased $100.0 million of stock year-to-date through August 5, 2025, at an average price of $8.83 per share, and declared a $0.09 quarterly common dividend payable October 15, 2025.
Sunstone Hotel Investors reported first-quarter 2025 net income of $5.3 million, down from $13.0 million a year earlier, while Adjusted FFO per diluted share rose 16.7% to $0.21. The company lowered its full-year 2025 outlook, with net income now expected at $33 million to $58 million, down from $46 million to $71 million, citing recent volatility in operating trends. Shareholders also elected eight directors at the May 1, 2025 annual meeting.
Net income was $5.3 million in Q1 2025 versus $13.0 million in Q1 2024; income per diluted share was $0.01 versus $0.05.
Adjusted FFO attributable to common stockholders per diluted share rose 16.7% to $0.21; total portfolio RevPAR rose 2.2% to $221.63.
2025 net income guidance was cut to $33 million to $58 million from $46 million to $71 million.
2025 Adjusted FFO per diluted share guidance was lowered to $0.82 to $0.94 from $0.86 to $0.98.
Sunstone Hotel Investors reported sharply lower fourth-quarter and full-year 2024 profit compared with 2023, when results included a hotel sale gain. Full-year 2024 net income of $43.3 million beat the midpoint of the company's November 2024 guidance, and the company guided to 2025 net income of $46 million to $71 million. The filing also says the CEO and CFO raised their cash bonus target percentages in a February 18, 2025 amended employment agreement.
Q4 2024 net income was $0.8 million, versus $127.0 million in Q4 2023; Q4 loss per diluted share was $0.02, versus earnings of $0.60.
Full-year 2024 net income was $43.3 million, versus $206.7 million in 2023; full-year adjusted EBITDA fell 12.8% to $229.7 million.
Full-year 2024 net income of $43 million exceeded the $31 million to $41 million guidance range given on November 12, 2024.
On February 18, 2025, CEO Bryan A. Giglia's target cash bonus rose from 135% to 150% and CFO Aaron R. Reyes's from 100% to 115%.
Sunstone Hotel Investors is eliminating its Chief Operating Officer position as part of a restructuring of its executive team, and Chris Ostapovicz is leaving the role effective January 21, 2025. His duties will move to the President and Chief Investment Officer and other executives, and he has agreed to provide transition help through January 31, 2025. The filing discloses a separation package, which shareholders may watch for its cost, though the filing does not state a total dollar value for it.
Chris Ostapovicz departs as Chief Operating Officer effective January 21, 2025, and the COO position is eliminated
Responsibilities move to the President and Chief Investment Officer and other executive team members
Separation package includes a cash payment equal to two times his 2024 base salary plus target bonus, accelerated vesting of 132,270 shares, and up to 18 months of COBRA health coverage
Payments are subject to a general release of claims and continued compliance with the agreement
Sunstone Hotel Investors reported third-quarter 2024 net income of $3.2 million, down from $15.6 million a year earlier, and lowered its full-year 2024 net income and Adjusted FFO per share guidance, citing labor activity at the Hilton San Diego Bayfront, Florida weather and a slower recovery in Maui. The company also entered a $100 million unsecured delayed draw term loan that it expects to draw in early December to repay a $72.1 million loan secured by the JW Marriott New Orleans, which it says would leave all its hotels unencumbered and no debt maturities before 2026.
Q3 2024 net income was $3.2 million versus $15.6 million in Q3 2023; Adjusted EBITDAre fell 15.9% to $53.6 million
Adjusted FFO per diluted share was $0.18 versus $0.23, down 21.7%; comparable RevPAR fell 1.3% to $207.56
Full-year 2024 net income guidance is now $31 million to $41 million, down from $43 million to $53 million; Adjusted FFO per share guidance is $0.75 to $0.80, down from $0.79 to $0.84
The $100 million term loan matures November 7, 2025, with two six-month extension options; the company repurchased 2,688,582 shares year to date through November 11, 2024
Sunstone Hotel Investors said a labor dispute at its 1,190-room Hilton San Diego Bayfront disrupted business from September and cancelled group events, so it now expects lower full-year 2024 results than its August outlook. The union ratified a renewed contract on October 9, 2024, and the hotel has resumed normal operations. Shareholders face a lower 2024 outlook, with a full update due with third-quarter results on November 12, 2024.
Full-year 2024 total portfolio RevPAR growth expected 125 to 150 basis points lower than prior outlook
Adjusted EBITDAre expected $11 million to $13 million lower; Adjusted FFO per diluted share about $0.06 lower
Union ratified renewed contract on October 9, 2024; hotel has resumed normal operations
Third-quarter 2024 earnings release scheduled for November 12, 2024
Sunstone Hotel Investors reported second quarter 2024 net income of $26.1 million, down from $43.1 million a year earlier, and income per diluted share of $0.11 versus $0.19. The company cut its full-year 2024 net income guidance to $55 million to $65 million from $56 million to $77 million, citing a slower recovery in Maui, which lowers the revenue and earnings outlook for shareholders.
Q2 2024 net income was $26.1 million versus $43.1 million; comparable RevPAR fell 2.0% to $232.59.
Full-year 2024 net income guidance is now $55 million to $65 million, down from $56 million to $77 million; total portfolio RevPAR growth guidance is now -0.25% to +1.75%, down from +2.25% to +5.25%.
Adjusted FFO per diluted share was $0.28 in Q2 2024, down 15.2%; full-year guidance is $0.85 to $0.90 versus $0.84 to $0.94 previously.
Through August 6, 2024, the company repurchased 698,043 shares at an average $9.90; $447.8 million remains under its repurchase authorization.
Sunstone Hotel Investors reported first-quarter 2024 net income of $13.0 million, down 38.2% from a year earlier, as comparable RevPAR fell 5.1% and Adjusted EBITDA re declined 9.2% to $54.5 million. The company said it reaffirmed the midpoint of its prior earnings guidance, as adjusted for its April acquisition of the Hyatt Regency San Antonio Riverwalk for a contractual purchase price of $230.0 million, and raised its quarterly common dividend to $0.09 per share. Stockholders also voted on directors, the auditor and executive pay at the May 3, 2024 annual meeting.
Net income was $13.0 million versus $21.1 million; income attributable to common stockholders was $0.05 per diluted share versus $0.08.
Comparable RevPAR fell 5.1% to $223.06; Adjusted EBITDA re fell 9.2% to $54.5 million.
Quarterly common dividend increased $0.02 to $0.09 per share (29%), payable July 15, 2024 to holders of record as of June 28, 2024.
Full-year 2024 Adjusted EBITDA re guidance is $242 million to $263 million with the midpoint unchanged; the net income guidance midpoint rose $4 million to a range of $56 million to $77 million.
Sunstone Hotel Investors reported fourth quarter 2023 net income of $127.0 million, up from $17.5 million, mainly due to the $123.8 million gain on the sale of Boston Park Plaza. Excluding that gain, fourth quarter net income would have been $3.2 million, and Adjusted EBITDA re excluding noncontrolling interest fell 20.5% to $54.6 million. For full year 2023, net income was $206.7 million and Adjusted FFO per diluted share rose 9.2% to $0.95, while the company's 2024 guidance projects Adjusted FFO per diluted share of $0.78 to $0.90.
Q4 2023 Adjusted FFO per diluted share was $0.19, down 26.9% from $0.26 a year earlier
Comparable RevPAR fell 2.2% to $206.58 in Q4 2023; full year comparable RevPAR rose 5.6% to $226.56
2024 guidance: net income of $46 million to $71 million and Adjusted EBITDA re of $230 million to $255 million
The company repurchased 5,971,192 shares in 2023 at an average price of $9.43, with $454.7 million remaining under its authorization
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