Sunstone Hotel Q3 revenue beats estimates; raises FY outlook
SHO•Sunstone Hotel reported Q3 revenue of $233.72 million, beating the $223.04 million analyst estimate, and raised its 2026 outlook. It now expects net income of $92 million-$97 million, RevPAR growth of 9.5%-10.5% and adjusted FFO per share of $1.00-$1.03.
1. Q3 results
Sunstone Hotel’s Q3 revenue rose to $233.72 million, above the $223.04 million consensus estimate. Adjusted FFO per diluted share increased 17.6% year over year, and net income was $40.90 million.
2. Raised outlook
The company raised its 2026 net income outlook to $92 million-$97 million from $79 million-$89 million. It now expects RevPAR growth of 9.5%-10.5%, up from 7.0%-9.0%, and adjusted FFO per share of $1.00-$1.03, compared with its previous range of $0.93-$0.98.
3. Demand and repurchases
RevPAR across all hotels increased 11.4% year over year, with both occupancy and average daily rate rising. Sunstone completed $117.8 million in stock repurchases during Q3; CEO Bryan A. Giglia said revenue and earnings growth reflected strength across demand segments and contributions from recent investments.
