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Companies / Real Estate / Sunstone Hotel Investors, Inc.
SHO

Sunstone Hotel Investors, Inc.

Real EstateServices
Ticker SHOALISO VIEJO, CAFiscal year ends DecemberBook value per share $9.65Diluted shares 185.2M

Sunstone Hotel Investors, Inc. (NYSE: SHO) is a real estate investment trust that owns upper-upscale and luxury hotels in convention, urban, and resort destinations. It leases its hotels to a taxable REIT subsidiary, while independent third-party management companies operate the properties under long-term agreements.… From the company’s description.

Over the twelve months to Sep 30, 2026, Sunstone Hotel Investors, Inc. reported revenue of $1.01B, up 7.4% from a year earlier, and net income of $92.69M. Its operating margin was 9.7%, and operations generated $197.81M in cash. In fiscal 2025, it reported revenue of $960.13M, up 6.0% from fiscal 2024, and net income of $24.57M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$960.13MFY2025
+6.0% year over year
Last 12 mo $1.01B
7.89%FY2025
−0.8 percentage points
Last 12 mo 9.66%
$24.57MFY2025
−43.2% year over year
Last 12 mo $92.69M
1.26%FY2025
−0.8 percentage points
Last 12 mo 5.19%
Cash & financing
$181.76MFY2025
+6.7% year over year
Last 12 mo $197.81M
$77.44MFY2025
+135.8% year over year
Last 12 mo $91.89M
0.47FY2025
Was 0.40× a year earlier
Last 12 mo 0.53
194.3MFY2025
−4.1% year over year
Last 12 mo 185.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sunstone Hotel Investors, Inc. does

In the company’s own words

Sunstone Hotel Investors, Inc. (NYSE: SHO) is a real estate investment trust that owns upper-upscale and luxury hotels in convention, urban, and resort destinations. It leases its hotels to a taxable REIT subsidiary, while independent third-party management companies operate the properties under long-term agreements. The portfolio includes hotels managed by Marriott, Hyatt, Four Seasons, Hilton, Montage, Sage Hospitality Group, and Singh Hospitality; one hotel operates independently. Sunstone’s properties serve lodging guests, including business and leisure travelers, and its hotel owners’ role includes asset management, capital investment, repositioning, and buying and selling properties. The company reports its business as a single hotel ownership operation rather than separate reportable segments. At December 31, 2025, it owned 14 hotels with 6,999 rooms across seven states and Washington, D.C. Sunstone was incorporated in 2004 and elected REIT status beginning with that year. Its website is www.sunstonehotels.com.

Company details
Sector
Real Estate
Industry (SIC)
Services
Headquarters
ALISO VIEJO, CA
Fiscal year end
December
CIK
1295810
SIC
7011

Financial performance, year by year

Fiscal 2011–2025 · USD
$-576.47M$-78.57M$419.34M$917.24M$1.42B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sunstone Hotel Investors, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

272
funds hold it
0 of 35
superinvestors hold it
$888.17M
held by funds, at market
45.8%
of shares held by funds

Largest fund holders · Sunstone Hotel Investors, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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