Quarterly ResultMay 5, 2026, 08:01 AM
Sunstone Hotel Investors Q1 Net Income +1105%; Raises 2026 Outlook
AI Summary
Sunstone Hotel Investors reported strong first-quarter 2026 financial results, with net income attributable to common stockholders increasing by 1,105.1% to $16.0 million and RevPAR rising 14.6% to $255.04. The company also raised its full-year 2026 outlook for key metrics, including Adjusted FFO per diluted share. Additionally, the company announced the departure of General Counsel David Klein as part of an executive team restructuring and declared a quarterly common stock dividend of $0.09 per share.
Key Highlights
- Net income attributable to common stockholders for Q1 2026 increased 1,105.1% to $16.0 million.
- RevPAR for all hotels in the portfolio increased 14.6% to $255.04 in Q1 2026.
- Adjusted FFO attributable to common stockholders per diluted share rose 28.6% to $0.27.
- Full-year 2026 Adjusted FFO per diluted share guidance was raised to $0.88-$0.96.
- General Counsel David Klein will depart effective May 31, 2026, due to executive team restructuring.
- The company repurchased $49.2 million of common and preferred stock year-to-date through May 1, 2026.
- A cash dividend of $0.09 per common share was authorized, payable July 15, 2026.
- Stockholders re-elected nine directors and ratified Ernst & Young as the independent auditor.