Earnings ·
Reports Q3 Net Income of $38.7M and Raises Full-Year Adjusted FFO Outlook to $1.00-$1.03 per Share
SHOSunstone Hotel Investors, Inc.
Sunstone Hotel Investors reported third-quarter net income attributable to common stockholders of $38.7 million, or $0.21 per diluted share, compared to a loss of $2.9 million in the prior year period. Adjusted FFO per diluted share rose 17.6% to $0.20. The company raised its full-year 2026 guidance for Adjusted FFO attributable to common stockholders to $184-$189 million, or $1.00-$1.03 per diluted share, citing strong portfolio performance and RevPAR growth of over 10%. Additionally, the Board authorized a quarterly cash dividend of $0.09 per common share, payable January 15, 2027 to holders of record as of December 31, 2026. Sunstone Hotel Investors is a lodging real estate investment trust that owns and operates 13 hotels.