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Sunstone Hotel Investors (SHO)
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Sunstone Hotel Investors Income Statement 2025-2008 | SHO
Brief overview of financial results at Sunstone Hotel Investors
The comparison covers a five-year financial horizon. Revenue at Sunstone Hotel Investors moved from $1.1 billion in 2019 to $906 million in 2024. Overall revenue changed by −18.8%, equal to an annualized rate of about −4.1%. The negative rate indicates weakening core operations.
EBITDA was 310 million dollars at the beginning and 125 million dollars at the end of the period (−59.8%). The operating result developed less favorably than sales. EBITDA margin was 27.8% at the start and 13.7% at the end. A lower EBITDA share weakens the quality of the result.
Net income changed from 136 million dollars to 43.3 million dollars (−68.1%). Profit pressure may reflect higher operating, financing, or tax costs.
Over the period, capitalization shifted from 2.9 billion dollars to 2.2 billion dollars (−25.2%). Market expectations deteriorated over the period.
Overall conclusion
The financial trajectory is weak and requires a cautious interpretation. Caution is warranted because of a weaker final result, declining capitalization and pressure on operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Sunstone Hotel Investors
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.72 B | 2.16 B | 2.29 B | 2.32 B | 2.54 B | 2.45 B | 2.9 B | 3.24 B | 3.72 B | 3.16 B | 2.46 B | 3.29 B | 2.08 B | 1.46 B | 1.09 B | 1.04 B | 460 M | - |
Shares |
194 M | 202 M | 206 M | 213 M | 216 M | 216 M | 226 M | 226 M | 222 M | 215 M | 207 M | 193 M | 162 M | 127 M | 117 M | 99.7 M | 69.8 M | - |
Historical Prices |
8.88 | 10.7 | 11.1 | 10.9 | 11.7 | 11.3 | 13.3 | 11.8 | 14.3 | 12.6 | 9.73 | 12.5 | 9.97 | 7.94 | 6.04 | 10.4 | 6.59 | 19.4 |
Net Income |
24.6 M | 43.3 M | 207 M | 90.8 M | 33 M | -411 M | 136 M | 250 M | 145 M | 134 M | 347 M | 81.3 M | 66 M | 47.8 M | 81 M | 38.5 M | -270 M | - |
Revenue |
960 M | 906 M | 986 M | 912 M | 509 M | 268 M | 1.12 B | 1.16 B | 1.19 B | 1.19 B | 1.25 B | 1.14 B | 924 M | 829 M | 835 M | - | - | - |
Gross Profit |
- | - | - | - | - | - | 584 M | 613 M | 633 M | 629 M | 657 M | 595 M | 474 M | 427 M | 458 M | - | - | - |
Operating Income |
- | - | - | - | - | -69.8 M | - | 299 M | 141 M | 170 M | 180 M | 157 M | 99.2 M | 79 M | 58.7 M | 27.6 M | 4.08 M | - |
Interest Expense |
11 M | 13.2 M | 51.7 M | 32 M | 30.9 M | 53.3 M | 54.2 M | 47.7 M | 51.8 M | 50.3 M | 66.5 M | 72.3 M | 72.2 M | 76.8 M | 74.2 M | 58.9 M | 75.9 M | - |
EBITDA |
135 M | 125 M | 127 M | 126 M | 129 M | 67.2 M | 310 M | 330 M | 340 M | 333 M | 345 M | 313 M | 237 M | 210 M | 198 M | 107 M | 96.5 M | - |
Operating Expenses |
884 M | 827 M | 868 M | 816 M | 597 M | 662 M | 422 M | 429 M | 452 M | 459 M | 477 M | 439 M | 375 M | 348 M | 388 M | -27.6 M | - | - |
General and Administrative Expenses |
31.6 M | 29 M | 31.4 M | 35.2 M | 40.3 M | 28.1 M | 161 M | 163 M | 167 M | 169 M | 176 M | 155 M | 130 M | 119 M | 218 M | 61.8 M | 71 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Sunstone Hotel Investors
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
182 M | 185 M | 188 M | 190 M | 189 M | 196 M | 200 M | 201 M | 201 M | 203 M | 203 M | 203 M | 206 M | 206 M | 207 M | -1.19 M | 211 M | 213 M | 217 M | 531 K | 218 M | 215 M | 214 M | -564 K | 214 M | 214 M | 221 M | -688 K | 225 M | 227 M | 227 M | 386 K | 227 M | 225 M | 224 M | 758 K | 224 M | 220 M | 219 M | 401 K | 215 M | 215 M | 213 M | 86 M | 208 M | 208 M | 207 M | 3.77 M | 203 M | 183 M | 181 M | 4.16 M | 161 M | 161 M | 151 M | 2.76 M | 135 M | 120 M | 117 M | 20 K | 117 M | 117 M | 117 M |
Net Income |
38.5 M | 26 M | 18.6 M | - | 1.32 M | 10.8 M | 5.26 M | - | 3.25 M | 26.1 M | 13 M | - | 15.6 M | 39.1 M | 17.2 M | 14 M | 17 M | 37.7 M | 10.1 M | 135 M | -29.3 M | -35.1 M | -56.5 M | -39.4 M | -92.5 M | -119 M | -165 M | 45.4 M | 27.7 M | 40.5 M | 13 M | 77.8 M | 85.6 M | 45.4 M | 32.6 M | 20.7 M | 11.6 M | 45.8 M | 58.3 M | 34.3 M | 34 M | 57 M | -3.26 M | 238 M | 58.6 M | 48.7 M | -3.28 M | 14.3 M | 29.5 M | 39.6 M | -8.03 M | 5.25 M | 11.6 M | 15.1 M | 17.5 M | 11.1 M | 30.9 M | 4.06 M | -21 M | 7.59 M | -24 M | 31.1 M | 45.7 M |
Revenue |
234 M | 277 M | 260 M | - | 229 M | 260 M | 234 M | - | 226 M | 247 M | 217 M | - | 248 M | 276 M | 243 M | 244 M | 244 M | 251 M | 172 M | 174 M | 167 M | 117 M | 50.6 M | 37.4 M | 28.9 M | 10.4 M | 191 M | 273 M | 282 M | 303 M | 258 M | 281 M | 289 M | 317 M | 271 M | 290 M | 304 M | 319 M | 281 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21 K | - | 21 K |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -69.8 M | -78.6 M | -105 M | -141 M | 11.3 M | 42.3 M | 59.6 M | 24.2 M | 45.5 M | 48.1 M | 61.9 M | 26.4 M | 34.9 M | 13.1 M | 62.7 M | 30.3 M | 37.1 M | 48.8 M | 63.4 M | 21.1 M | 41.1 M | 52.3 M | 69.4 M | 17.7 M | 35.7 M | 50.8 M | 55.9 M | 14.3 M | 24.6 M | 34.4 M | 36.6 M | 3.57 M | 29 M | 16.2 M | 28.6 M | 5.15 M | 24.6 M | -1.87 M | 23.7 M | -3.76 M |
Interest Expense |
2.62 M | 3.79 M | 1.53 M | - | 3.16 M | 2.3 M | 1.56 M | - | 2.35 M | 3.5 M | 5.45 M | - | 11.9 M | 9.22 M | 13.8 M | 476 K | 270 K | 5.94 M | 4.38 M | 13 K | 2 K | 21 K | -379 K | 85 K | 139 K | 306 K | 2.31 M | -26.8 M | 13.3 M | 15.8 M | 14.3 M | 16.1 M | 11.5 M | 11.2 M | 8.88 M | 10.4 M | 17 M | 13.1 M | 11.2 M | 3.26 M | 11.1 M | 355 K | 489 K | 535 K | 576 K | 1.83 M | 946 K | 891 K | 981 K | 891 K | 716 K | 743 K | 727 K | 788 K | 563 K | 142 K | 18 K | 74 K | 63 K | 145 K | 1.54 M | 1.32 M | 109 K |
EBITDA |
30.3 M | 34.3 M | - | - | - | - | - | - | - | - | - | - | - | 32.4 M | 110 K | 105 K | 31.8 M | 30.9 M | 66 K | 32 K | 32.6 M | 32.7 M | 10 K | -69.8 M | -45.6 M | -70.3 M | -141 M | 11.3 M | 79.9 M | 96.1 M | 24.2 M | 45.6 M | 84.2 M | 99.2 M | 27.2 M | 35.7 M | 52.8 M | 102 M | 31.1 M | 37.9 M | 89.3 M | 104 M | 21.9 M | 41.6 M | 93.6 M | 110 M | 19.7 M | 37.8 M | 90.8 M | 93.9 M | 16 M | 26.5 M | 69.4 M | 68.8 M | 8.02 M | 34.4 M | 50.6 M | 59.9 M | 9.66 M | 29.2 M | 30.6 M | 56 M | -2.15 M |
Operating Expenses |
216 M | 243 M | 231 M | - | 217 M | 229 M | 218 M | - | 210 M | 212 M | 200 M | - | 221 M | 228 M | 219 M | 215 M | 214 M | 208 M | 179 M | 180 M | 182 M | 137 M | 98.1 M | 107 M | 107 M | 115 M | 332 M | 262 M | 239 M | 243 M | 233 M | 235 M | 241 M | 256 M | 245 M | -34.9 M | -13.1 M | -62.7 M | -30.3 M | -37.1 M | -48.8 M | -63.4 M | -21.1 M | -41.1 M | -52.3 M | -69.4 M | -17.7 M | -35.7 M | -50.8 M | -55.9 M | -14.3 M | -24.6 M | -34.4 M | -36.6 M | -3.57 M | -29 M | -16.2 M | -28.6 M | -5.15 M | -24.6 M | 1.87 M | -23.7 M | 3.76 M |
General and Administrative Expenses |
6.41 M | 8.76 M | 6.84 M | - | 6.97 M | 8.35 M | 8.9 M | - | 7.58 M | 8.17 M | 7.52 M | - | 7.13 M | 8.4 M | 8.47 M | 7.94 M | 7.88 M | 8.72 M | 10.7 M | 8.2 M | 15.4 M | 9.47 M | 7.18 M | 5.74 M | 6.58 M | 8.44 M | 7.39 M | 7.28 M | 7.4 M | 8.08 M | 7.52 M | 8.19 M | 7.36 M | 7.59 M | 7.1 M | 7.23 M | 7.23 M | 7.57 M | 6.78 M | 6.07 M | 6.39 M | 6.81 M | 6.72 M | 6.12 M | 6.05 M | 6.92 M | 14.3 M | 7.33 M | 7.18 M | 7.67 M | 6.56 M | 6.56 M | 6.59 M | 7.36 M | 6.17 M | -44.1 M | 22.9 M | 23.6 M | 21.9 M | -39.1 M | 22.9 M | 24.5 M | 20 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Sunstone Hotel Investors (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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