SHO
Sunstone Hotel Investors Inc
NYSE: SHO · REAL ESTATE · REIT - HOTEL & MOTEL
$9.83
+0.92% today
Updated 2026-04-29
Market cap
$1.86B
P/E ratio
245.75
P/S ratio
1.94x
EPS (TTM)
$0.04
Dividend yield
3.70%
52W range
$8 – $10
Volume
1.7M
Sunstone Hotel Investors Inc (SHO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $903.06M | $970.80M | $969.16M | $717.82M | $643.09M | $834.73M | $829.08M | $923.82M | $1.14B | $1.25B | $1.19B | $1.19B | $1.16B | $1.12B | $267.91M | $509.15M | $912.05M | $986.48M | $905.81M | $960.13M |
| Revenue growth (YoY) | — | +7.5% | -0.2% | -25.9% | -10.4% | +29.8% | -0.7% | +11.4% | +23.6% | +9.4% | -4.8% | +0.4% | -2.9% | -3.8% | -76.0% | +90.0% | +79.1% | +8.2% | -8.2% | +6.0% |
| Cost of revenue | $338.22M | $362.78M | $363.57M | $243.93M | $299.81M | $376.97M | $402.07M | $449.78M | $546.53M | $591.83M | $560.02M | $560.93M | $546.38M | $530.80M | $251.69M | $302.32M | $464.39M | $509.52M | $484.07M | $914.55M |
| Gross profit | $564.84M | $608.02M | $605.60M | $473.90M | $343.29M | $457.76M | $427.01M | $474.04M | $595.47M | $657.35M | $629.32M | $632.71M | $612.67M | $584.36M | $16.22M | $206.83M | $447.66M | $476.96M | $421.74M | $45.58M |
| Gross margin | 62.5% | 62.6% | 62.5% | 66.0% | 53.4% | 54.8% | 51.5% | 51.3% | 52.1% | 52.6% | 52.9% | 53.0% | 52.9% | 52.4% | 6.1% | 40.6% | 49.1% | 48.3% | 46.6% | 4.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $102.88M | $139.12M | $132.10M | $170.98M | $180.66M | $218.28M | $118.96M | $130.13M | $155.48M | $175.67M | $168.73M | $167.34M | $162.67M | $160.59M | $78.00M | $111.68M | $148.58M | $151.66M | $52.18M | $54.28M |
| Operating income | $134.53M | $140.50M | $134.51M | $-87.92M | $32.00M | $58.72M | $79.01M | $99.20M | $156.74M | $180.44M | $170.41M | $141.00M | $298.85M | $178.64M | $-244.11M | $-85.44M | $99.34M | $118.66M | $78.59M | $74.84M |
| Operating margin | 14.9% | 14.5% | 13.9% | -12.2% | 5.0% | 7.0% | 9.5% | 10.7% | 13.7% | 14.4% | 14.3% | 11.8% | 25.8% | 16.0% | -91.1% | -16.8% | 10.9% | 12.0% | 8.7% | 7.8% |
| EBITDA | $230.81M | $263.74M | $250.22M | $147.17M | $126.36M | $186.66M | $227.41M | $242.91M | $313.12M | $452.29M | $351.81M | $340.89M | $324.02M | $326.39M | $-216.68M | $193.51M | $249.23M | $387.31M | $214.29M | $212.26M |
| EBITDA margin | 25.6% | 27.2% | 25.8% | 20.5% | 19.6% | 22.4% | 27.4% | 26.3% | 27.4% | 36.2% | 29.6% | 28.6% | 28.0% | 29.3% | -80.9% | 38.0% | 27.3% | 39.3% | 23.7% | 22.1% |
| EBIT | $128.97M | $140.50M | $134.51M | $36.11M | $25.15M | $58.72M | $96.51M | $105.43M | $157.27M | $287.57M | $-665.69M | $-670.17M | $-653.14M | $-632.56M | $-353.74M | $64.83M | $122.84M | $260.25M | $89.78M | $77.75M |
| Interest expense | $96.11M | $93.11M | $98.29M | $91.58M | $70.83M | $82.97M | $76.82M | $72.24M | $72.31M | $66.52M | $50.28M | $51.77M | $47.69M | $54.22M | $53.31M | $31.72M | $32.01M | $48.98M | $47.62M | $49.17M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $53.24M | $125.66M | $74.74M | $-269.61M | $38.54M | $80.96M | $47.80M | $65.99M | $81.26M | $347.36M | $134.20M | $145.38M | $250.44M | $135.73M | $-404.69M | $34.30M | $87.29M | $206.71M | $43.26M | $24.57M |
| Net income growth (YoY) | — | +136.0% | -40.5% | -460.7% | +114.3% | +110.0% | -41.0% | +38.1% | +23.1% | +327.4% | -61.4% | +8.3% | +72.3% | -45.8% | -398.2% | +108.5% | +154.5% | +136.8% | -79.1% | -43.2% |
| Profit margin | 5.9% | 12.9% | 7.7% | -37.6% | 6.0% | 9.7% | 5.8% | 7.1% | 7.1% | 27.8% | 11.3% | 12.2% | 21.6% | 12.2% | -151.1% | 6.7% | 9.6% | 21.0% | 4.8% | 2.6% |