Quarterly ResultJun 1, 2026, 07:36 AM
Sunstone Hotel Investors Q1 Adj. EBITDAre $68M; Raises 2026 Outlook
AI Summary
Sunstone Hotel Investors reported strong Q1 2026 results, with Adjusted EBITDAre of $68 million (+18% YoY) and Adjusted FFO per share of $0.27 (+29% YoY), exceeding expectations. The company raised its full-year 2026 earnings guidance and highlighted significant capital allocation activities, including $40 million in common stock repurchases and $26 million in preferred stock repurchases. Strategic initiatives like the successful ramp-up of Andaz Miami Beach and the upcoming brand conversion of Oceans Edge to Hilton Key West are expected to drive future growth, alongside a 29% increase in the quarterly common dividend.
Key Highlights
- Q1 2026 Adjusted EBITDAre was $68 million, an 18% increase year-over-year.
- Q1 2026 Adjusted FFO per share was $0.27, a 29% increase year-over-year.
- Raised 2026 Adjusted EBITDAre outlook to $238 million - $252 million.
- Repurchased $40 million of common stock and $26 million of preferred stock since 2026.
- Increased regular quarterly common dividend by 29% to $0.09 per share.
- Andaz Miami Beach generated $6.5 million of EBITDA in Q1 2026.
- Net debt & preferred equity to EBITDA is 4.7x.
- Director compensation changed to all stock for shareholder alignment.
Price Impact
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