Filing Flows › Sunstone Hotel Investors (SHO) › Guidance & outlook
Sunstone Hotel Investors (SHO) guidance and outlook
Sunstone Hotel Investors (SHO) withdrew its guidance on Nov 6, 2026: Net income $79.0M–$89.0M for FY2026; EBITDA $245M–$255M for FY2026; FFO $174M–$184M for FY2026; FFO per share $0.93–$0.98 for FY2026. Sunstone Hotel Investors' 10-Q filed Nov 6, 2026 makes 12 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Net income | FY2026 | $79.0M–$89.0M | raised |
| EBITDA | FY2026 | $245M–$255M | new |
| FFO | FY2026 | $174M–$184M | new |
| FFO per share | FY2026 | $0.93–$0.98 | new |
| Other income | FY2026 | $7.0M–$8.0M | new |
| Interest expense | FY2026 | $46.0M–$49.0M | new |
From the earnings release filed Nov 6, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- Impairment and other losses, which includes the charges we have recognized to reduce the carrying values of certain hotels on our balance sheet to their fair values in association with our impairment evaluations, along with the write-off of any development costs associated with abandoned projects or any physical property damage due to unforeseen events such as natural disasters.
- The economic impacts arising from geopolitical instability in key energy producing regions, including volatility in transportation fuel costs and increases in air and ground travel costs, along with decreases in airline capacity, government shutdowns, the imposition of tariffs, and prolonged periods of inclement weather in our markets may reduce the demand for our hotels.
- We believe that many of these same factors combined with the imposition of tariffs will continue to discourage new hotel supply in many markets, although some markets may experience new hotel openings at or greater than historical levels.
- Beginning in the third quarter of 2027, the annual dividend rate will increase to the greater of 8.5% or the rate equal to Montage Healdsburg’s annual net operating income yield on our total investment in the resort.
- Such items may include: lawsuit settlement costs; the write-off of development costs associated with abandoned projects; property-level restructuring, severance, and management transition costs; pre-opening costs associated with extensive renovation projects; debt resolution costs; lease terminations; property insurance restoration proceeds or uninsured losses; and other nonrecurring identified adjustments.
- We cannot be certain that the sources of funds we have relied on in the past will be available in the future.
- We expect our primary sources of cash will continue to be our operating activities, working capital, borrowing under our credit facility, additional issuances of debt, dispositions of hotel properties, and proceeds from offerings of common and preferred stock.
- However, there can be no assurance that our future asset sales, debt issuances or equity offerings will be successfully completed.
- We expect our primary uses of cash to be for operating expenses, capital investments in our hotels, repayment of principal on our debt and credit facility, interest expense, repurchases of our common and preferred stock, distributions on our common stock, dividends on our preferred stock, and acquisitions of hotels or interests in hotels.
- We believe that by maintaining appropriate debt levels, staggering maturity dates, and maintaining a highly flexible structure, we will have lower capital costs than more highly leveraged companies, or companies with limited flexibility due to restrictive covenants.
- Debt and interest obligations on debt assume we will exercise all available extension options on our revolving credit facility and Term Loans, upon payment of applicable fees and the satisfaction of certain customary conditions.
- We review any uncertain tax positions and, if necessary, we will record the expected future tax consequences of uncertain tax positions in the consolidated financial statements.
Sunstone Hotel Investors' latest quarter
Sunstone Hotel Investors, Q3 2026: revenue $234M (+2% year over year), operating margin 17.6%, net earnings $38.5M, operating cash flow $53.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Sunstone Hotel Investors raise or lower its guidance?
Sunstone Hotel Investors (SHO) withdrew its guidance on Nov 6, 2026: Net income $79.0M–$89.0M for FY2026; EBITDA $245M–$255M for FY2026; FFO $174M–$184M for FY2026; FFO per share $0.93–$0.98 for FY2026.
What does Sunstone Hotel Investors expect?
Impairment and other losses, which includes the charges we have recognized to reduce the carrying values of certain hotels on our balance sheet to their fair values in association with our impairment evaluations, along with the write-off of any development costs associated with abandoned projects or any physical property damage due to unforeseen events such as natural disasters. The economic impacts arising from geopolitical instability in key energy producing regions, including volatility in transportation fuel costs and increases in air and ground travel costs, along with decreases in airlin
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.