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AI brief of an SEC Form 8-K · Sunstone Hotel Investors (SHO)

Sunstone Q4 net income falls to $0.8 million; 2025 outlook $46 million to $71 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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%.

The filing

CompanySunstone Hotel Investors (SHO)
Form8-K, current report
Filed with the SECFeb 21, 2025, 7:44 AM ET
Accession number0001558370-25-001262

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 21, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.