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Sunstone Hotel Investors (SHO)
NYSE:SHO
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
0.05Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: -12.74%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Sunstone Hotel Investors had a strong financial year in 2024, achieving high-end guidance metrics and successful asset acquisition. Despite challenges such as the labor strike in San Diego and delayed Miami Beach renovations, the company maintains a strong liquidity position and expects continued growth in 2025.Company Guidance
During the Sunstone Hotel Investors Fourth Quarter Earnings Call, guidance for 2025 was detailed with various performance metrics. The company anticipates total portfolio RevPAR growth of 7% to 10% for 2025, driven by strong group business, steady corporate travel, and potential leisure rebound in key markets such as Maui. Adjusted EBITDAre is projected to range from $245 million to $270 million, representing an annual growth of 12%, while adjusted FFO per diluted share is expected to be between $0.86 and $0.98, indicating a 15% increase. Key assumptions include a 3% to 6% RevPAR growth excluding the Andaz Miami Beach, which is projected to add nearly four points of growth. The company plans to invest $80 million to $100 million in capital projects, with less earnings disruption anticipated. Sunstone’s balance sheet remains robust, with nearly $700 million in liquidity and a net debt leverage ratio projected to decrease to 3.9 times by year-end. The company expects a balanced distribution of quarterly growth and plans to maintain capital recycling strategies while considering asset sales, acquisitions, or share repurchases.Strong Financial Performance
Sunstone Hotel Investors reported full-year adjusted EBITDA of $230 million and FFO of $0.80 per diluted share, both at the high end of guidance.
Successful Asset Acquisition
Acquired the 630-room Hyatt Regency San Antonio Riverwalk for $222 million, reflecting a 9% capitalization rate on 2024 earnings.
Capital Return to Shareholders
Returned nearly $100 million to shareholders through dividends and share repurchases in 2024, with a total of $190 million repurchased over three years.
Positive Market Trends
Group business remained strong with notable RevPAR and group room nights growth across various locations like Westin Washington D.C. and Hyatt Regency San Antonio.
Strong Liquidity Position
Ended the year with nearly $700 million in total liquidity, with no debt maturities until 2026.
Positive Outlook for 2025
Expecting total portfolio RevPAR growth of 7% to 10% and EBITDAre growth of 12% in 2025.
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SHO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | $11.30 | $10.65 | -5.75% |
| Nov 12, 2024 | $10.81 | $10.43 | -3.52% |
| Aug 07, 2024 | $9.50 | $9.31 | -2.00% |
| May 06, 2024 | $9.94 | $10.10 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sunstone Hotel Investors (SHO) report earnings?
Sunstone Hotel Investors (SHO) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Sunstone Hotel Investors (SHO) earnings time?
Sunstone Hotel Investors (SHO) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHO EPS forecast?
SHO EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
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