Sunstone Hotel Investors publishes Q3 2026 earnings call transcript

SHO•2026-11-11

Sunstone Hotel Investors raised its 2026 adjusted EBITDAre guidance to $254 million-$259 million and adjusted FFO guidance to $1-$1.03 per diluted share. It now forecasts full-year portfolio rooms RevPAR growth of 9.5%-10.5%.

1. Higher 2026 guidance

At its November 6 third-quarter earnings call, Sunstone Hotel Investors raised 2026 adjusted EBITDAre guidance to $254 million-$259 million and adjusted FFO guidance to $1-$1.03 per diluted share. The company now forecasts full-year portfolio rooms RevPAR growth of 9.5%-10.5%.

2. Capital returns and dividend

Year-to-date common and preferred stock repurchases totaled nearly $200 million, and management now favors preferred stock buybacks at current prices. Management expects the 2027 quarterly dividend distribution requirement to be $0.11-$0.12 per share, approximately 20%-30% above the current quarterly distribution.