Quarterly ResultAug 6, 2026, 02:33 PM
Sunstone Hotel Investors Q2 Net Income $26.0M, EPS $0.14; Hyatt Sale
AI Summary
Sunstone Hotel Investors reported a significant increase in net income attributable to common stockholders for Q2 2026, reaching $26.0 million, up from $6.8 million in Q2 2025. Basic EPS also rose to $0.14 from $0.03 year-over-year. Total revenues for the quarter increased to $277.1 million. The company also classified Hyatt Regency San Francisco as held for sale at quarter-end, with the sale closing in July 2026, and engaged in debt management activities including drawing on term loans and repaying senior notes.
Key Highlights
- Q2 2026 Net Income attributable to common stockholders increased to $26.0 million from $6.8 million in Q2 2025.
- Basic EPS for Q2 2026 rose to $0.14, compared to $0.03 in Q2 2025.
- Total revenues for Q2 2026 were $277.1 million, up from $259.8 million in Q2 2025.
- Hyatt Regency San Francisco was classified as held for sale at June 30, 2026, and sold in July 2026.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $107.4 million.
- Repurchased $40.6 million of common stock and $28.2 million of preferred stock in the first six months of 2026.
- Drew $90.0 million from Term Loan 1 and $25.0 million from credit facility; repaid $65.0 million Series A Senior Notes.
Price Impact
More from SHO