Sunstone Hotel Investors (SHO) reported second-quarter 2026 results for the period ended June 30, with net income attributable to common stockholders of $26.0 million, or $0.14 per diluted share, compared with $6.8 million, or $0.03 per diluted share, a year earlier.
The lodging REIT also completed the $279 million sale of Hyatt Regency San Francisco in late July and raised its full-year 2026 outlook.
- Total revenues were $277.1 million for the second quarter, compared with $259.8 million a year earlier.
- Net income was $26.0 million, compared with $10.8 million in the prior-year quarter.
- RevPAR for all hotels increased 9.3% to $263.61, while total RevPAR rose 7.7% to $434.00.
- Adjusted EBITDAre increased 5.5% to $76.7 million, and adjusted FFO attributable to common stockholders per diluted share rose 14.3% to $0.32.
- Sunstone sold the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million.
- The company now expects full-year 2026 net income of $79 million to $89 million and net income attributable to common stockholders per diluted share of $0.37 to $0.42.
- The board authorized a quarterly common stock cash dividend of $0.09 per share, payable Oct. 15 to stockholders of record as of Sept. 30.
