Quarterly ResultAug 6, 2026, 07:38 AM
Sunstone Q2 Net Income $26.0M, RevPAR +9.3%; Sells Hyatt Regency SF
AI Summary
Sunstone Hotel Investors reported strong second quarter 2026 financial results, with net income attributable to common stockholders rising to $26.0 million and diluted EPS reaching $0.14. The company's RevPAR increased by 9.3% and Adjusted FFO per diluted share grew by 14.3%. Sunstone also announced the completion of the sale of Hyatt Regency San Francisco for $279 million and an increase in its full year 2026 outlook for key financial metrics. Additionally, the company repurchased $70.1 million in common and preferred stock year-to-date and declared its quarterly common stock dividend.
Key Highlights
- Net income attributable to common stockholders was $26.0 million, up 279.7% year-over-year.
- Diluted earnings per share (EPS) was $0.14, a 366.7% increase from Q2 2025.
- RevPAR for all hotels increased 9.3% to $263.61.
- Adjusted FFO attributable to common stockholders per diluted share increased 14.3% to $0.32.
- Sold Hyatt Regency San Francisco for a gross sale price of $279 million.
- Repurchased $70.1 million of common and preferred stock year-to-date through August 5, 2026.
- Increased full year 2026 Adjusted FFO per diluted share guidance to $0.93 to $0.98.
- Declared a quarterly cash dividend of $0.09 per share of common stock.
Price Impact
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