Sunstone Swings to $38.7M Q3 Profit, Raises 2026 Outlook Again
Aliso Viejo – November 06, 2026 -- Sunstone Hotel Investors (NYSE: SHO) reported third-quarter 2026 net income attributable to common stockholders of $38.7 million, or $0.21 per diluted share, against a net loss of $2.9 million, or $(0.02) per share, a year earlier. The lodging REIT again raised its full-year 2026 outlook after revenue and earnings exceeded its expectations.
RevPAR rises 11.4% to $235.22 as Adjusted FFO per share climbs 17.6%
RevPAR across the portfolio increased 11.4% to $235.22, with an average daily rate of $323.55 and occupancy of 72.7%. Excluding Andaz Miami Beach, RevPAR rose 10.3%. Total RevPAR grew 10.5% to $394.97, or 9.6% excluding the Miami Beach property.
Adjusted EBITDAre increased 8.8% to $54.5 million. Adjusted FFO attributable to common stockholders rose 17.6% to $0.20 per diluted share.