Sunstone Hotel Investors (SHO)
NYSE:SHO
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.03Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple strong operational and financial wins: double-digit RevPAR growth driven by resorts and Andaz Miami Beach, healthy adjusted EBITDAre and a nearly 29% increase in adjusted FFO per share, margin expansion, on-budget CapEx execution, a conservative but upgraded full-year guidance, and active, accretive share repurchases alongside a strong balance sheet. Offsetting items include weather-related property damage (notably Wailea), urban portfolio RevPAR softness and some group cancellations, modest cost pressures (utilities, G&A), and continued external demand/cost uncertainty. Overall, the positive operational momentum and capital return actions materially outweigh the headwinds, though management remains appropriately cautious given macro and weather risks.Company Guidance
Strong RevPAR Growth
Total RevPAR increased 13.4% in Q1 (company-wide) and RevPAR grew 14.6% in the quarter; excluding Andaz Miami Beach RevPAR still grew 5.7%—demonstrating broad-based revenue improvement.
Outstanding Resort and Wine Country Performance
Resorts delivered combined comparable RevPAR growth of over 18%; wine country resorts produced a combined 34% RevPAR increase, driving meaningful EBITDA upside at those assets.
Andaz Miami Beach Ramp and Profitability
Andaz Miami Beach ran 86% occupancy in Q1 at a $564 ADR and produced approximately $6.5 million of EBITDA in the quarter; management expects continued multiyear upside and material contribution to full-year results (estimated ~400 bps benefit to RevPAR at midpoint).
Earnings and Cash Flow Improvement
Adjusted EBITDAre was $68 million in Q1, an 18% increase year-over-year; adjusted FFO per diluted share was $0.27, nearly 29% higher than last year.
Improved Margins and Cost Productivity
Comparable departmental expense growth per occupied room in the rooms department was only 1%; overall comparable portfolio expense growth (ex-Andaz) was 3.4% on an absolute basis (2.4% per occupied room), enabling margin expansion of 140 basis points in Q1.
Balance Sheet and Capital Return Strength
No debt maturities prior to 2028 and net leverage of 3.5x trailing earnings (4.6x including preferred); repurchased ~$50 million of common and preferred stock year-to-date (including $35M common at $9.11 avg and $14M preferred at $19.84 avg, ~21% discount), supporting FFO and NAV accretion.
Raised Full-Year Outlook and Guidance
Management revised 2026 guidance: total RevPAR now expected to increase ~5.0%–7.5% (implying $390–$400), rooms RevPAR guidance supports a midpoint benefit from Andaz, adjusted EBITDAre guidance raised to $238M–$252M, and FFO per diluted share increased to $0.88–$0.96.
Capital Projects On Time and On Budget
Key capital investments progressing: San Diego meeting-space renovation nearing completion, Miami Bazaar coming late summer/early fall, and targeted refreshes (e.g., Ocean’s Edge) expected to drive future revenue and guest experience gains.
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
SHO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | $9.56 | $9.19 | -3.93% |
Nov 07, 2025 | $9.10 | $9.26 | +1.82% |
Aug 06, 2025 | $8.52 | $8.51 | -0.12% |
May 06, 2025 | $8.25 | $7.98 | -3.26% |
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.
FAQ
When does Sunstone Hotel Investors (SHO) report earnings?
Sunstone Hotel Investors (SHO) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Sunstone Hotel Investors (SHO) earnings time?
Sunstone Hotel Investors (SHO) earnings time is at Aug 12, 2026, After Close (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 2026 (Q2) is 0.08.