Sunstone Hotel Investors Q2 FY26 net income attributable to common stockholders more than doubled to $26 million; RevPAR rises 9.3% to $263.61
SHO•Full-year outlook raised
The company raised its full-year net income outlook to $79 million-$89 million; lifted its Adjusted EBITDAre view to $245 million-$255 million.
Portfolio conversion update
Sunstone converted Oceans Edge Resort & Marina to Hilton Key West Resort & Marina on July 1; management expects incremental earnings from stronger distribution and lower acquisition costs.
Asset sale and capital deployment
The company sold the 821-room Hyatt Regency San Francisco to Blackstone Real Estate funds for $279 million; deployed about $70 million of proceeds into common and preferred repurchases.
Q2 results and operating performance
Sunstone Hotel Investors posted Q2 net income attributable to common stockholders of $26 million, more than doubled from a year earlier, with EPS rising to $0.14.
Adjusted EBITDAre (non-GAAP) increased 5.5% to $76.7 million, while RevPAR climbed to on ADR of .
