# Sunstone Hotel Investors, Inc.: overview

SHO · NYSE · CIK 1295810 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sho.md) · [Financials](/companies/sho/financials.md) · [Filings](/companies/sho/filings.md) · [Insiders](/companies/sho/insiders.md)

Latest reported revenue: [$277.1m](/filings/0001104659-26-091907.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-091907).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [226](/filings/0001104659-25-108317.md) | [215 d](/filings/0001104659-26-021440.md) | [234](/filings/0001104659-26-055508.md) | [260](/filings/0001104659-26-091907.md) | [229](/filings/0001104659-25-108317.md) | [237 d](/filings/0001104659-26-021440.md) | [260](/filings/0001104659-26-055508.md) | [277](/filings/0001104659-26-091907.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [1.4%](/filings/0001104659-25-108317.md) | [0.4% d](/filings/0001104659-26-021440.md) | [2.2%](/filings/0001104659-26-091907.md) | [4.1%](/filings/0001104659-26-091907.md) | [0.6%](/filings/0001104659-25-108317.md) | [3.0% d](/filings/0001104659-26-021440.md) | [7.1%](/filings/0001104659-26-091907.md) | [9.4%](/filings/0001104659-26-091907.md) |
| Diluted EPS | $ per share | [0.00](/filings/0001104659-25-108317.md) | not reported | [0.01](/filings/0001104659-26-055508.md) | [0.03](/filings/0001104659-26-091907.md) | [(0.02)](/filings/0001104659-25-108317.md) | not reported | [0.08](/filings/0001104659-26-055508.md) | [0.14](/filings/0001104659-26-091907.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [509](/filings/0001558370-24-001615.md) | [912](/filings/0001558370-25-001297.md) | [986](/filings/0001104659-26-021440.md) | [906](/filings/0001104659-26-021440.md) | [960](/filings/0001104659-26-021440.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [6.5%](/filings/0001558370-24-001615.md) | [10.0%](/filings/0001558370-25-001297.md) | [21.0%](/filings/0001104659-26-021440.md) | [4.8%](/filings/0001104659-26-021440.md) | [2.6%](/filings/0001104659-26-021440.md) |
| Diluted EPS | $ per share | [0.06](/filings/0001558370-24-001615.md) | [0.34](/filings/0001558370-25-001297.md) | [0.93](/filings/0001104659-26-021440.md) | [0.14](/filings/0001104659-26-021440.md) | [0.04](/filings/0001104659-26-021440.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sho/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $402.1m | 35,116,958 |  | Added +2,131,345 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $226.0m | 19,735,550 |  | Added +323,511 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $123.9m | 10,740,243 |  | Reduced −66,522 |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $98.2m | 8,580,000 |  | Reduced −65,000 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $95.7m | 8,358,012 |  | Reduced −202,820 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $71.1m | 6,207,364 |  | Reduced −3,892,174 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $59.5m | 5,195,704 |  | Added +137,447 |
| [Woodline Partners LP](/funds/1784547.md) | 2026-06-30 | $53.0m | 4,624,593 |  | Added +1,076,418 |
| [PRUDENTIAL FINANCIAL INC](/funds/1137774.md) | 2026-06-30 | $51.9m | 4,532,827 |  | Reduced −100,722 |
| [Nuveen, LLC](/funds/1871926.md) | 2026-06-30 | $48.9m | 4,271,276 |  | Added +3,121,338 |

## Recent filings

[All 997 filings](/companies/sho/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-11 | 18:04 ET | [8-K](/filings/0001193125-26-342819.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-342819 |
| 2026-08-06 | 14:25 ET | [10-Q](/filings/0001104659-26-091907.md) | Quarterly report, period 2026-06-30 | 0001104659-26-091907 |
| 2026-08-06 | 07:35 ET | [8-K](/filings/0001104659-26-091645.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-091645 |
| 2026-06-23 | 07:35 ET | [8-K](/filings/0001104659-26-076640.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-076640 |
| 2026-06-01 | 07:30 ET | [8-K](/filings/0001104659-26-068568.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-068568 |
| 2026-05-05 | 14:30 ET | [10-Q](/filings/0001104659-26-055508.md) | Quarterly report, period 2026-03-31 | 0001104659-26-055508 |
| 2026-05-05 | 07:54 ET | [8-K](/filings/0001104659-26-055280.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-055280 |
| 2026-03-18 | 16:30 ET | [DEF 14A](/filings/0001104659-26-031060.md) | Proxy statement, period 2026-05-01 | 0001104659-26-031060 |
| 2026-02-27 | 14:11 ET | [10-K](/filings/0001104659-26-021440.md) | Annual report, period 2025-12-31 | 0001104659-26-021440 |
| 2026-02-27 | 07:40 ET | [8-K](/filings/0001104659-26-020996.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-020996 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-021440.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b1275607-986a-4fdd-82b9-fdd6d12eaa0f)

## About the filer

- CIK: 1295810
- Tickers: SHO, SHO-PH, SHO-PI
- Exchange: NYSE
- SIC code: 7011 Hotels & Motels
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 14:15 ET. No prices; not investment advice.