Quarterly ResultMay 5, 2026, 02:36 PM
Sunstone Hotel Q1 Net Income $15.96M, EPS $0.08; Revenue $259.71M
AI Summary
Sunstone Hotel Investors reported a significant increase in net income and EPS for the first quarter ended March 31, 2026. Net income attributable to common stockholders surged to $15.96 million, with basic and diluted EPS reaching $0.08. Total revenues also saw a healthy rise to $259.71 million. The company continued its capital management efforts by repurchasing common and preferred stock and managing its debt portfolio.
Key Highlights
- Net income attributable to common stockholders rose to $15.96 million in Q1 2026 from $1.32 million in Q1 2025.
- Basic and diluted EPS increased to $0.08 in Q1 2026 from $0.01 in Q1 2025.
- Total revenues for Q1 2026 were $259.71 million, up from $234.07 million in Q1 2025.
- Total operating expenses for Q1 2026 were $231.29 million, compared to $217.59 million in Q1 2025.
- The company repurchased 3,184,768 common shares and 365,095 preferred shares for $36.47 million.
- Sunstone Hotel Investors drew down $90.0 million from Term Loan 1 and repaid $65.0 million Series A Senior Notes.
- As of March 31, 2026, $471.1 million remains available under the stock repurchase program.
- The company owned 14 hotels as of March 31, 2026.
Price Impact
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