Filing Flows › Sunstone Hotel Investors (SHO) › Q3 2026
Sunstone Hotel Investors (SHO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Sunstone Hotel Investors (SHO) reported revenue of $234M for the third quarter 2026 (Q3 2026), +2% from a year earlier and -16% from the quarter before. Operating margin was 17.6%, net earnings $38.5M (16.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $234M | -16% | +2% |
| Operating profit | $41.2M | +57% | 28× |
| Net earnings | $38.5M | +49% | — |
| Operating cash flow | $53.7M | -13% | -1% |
| Free cash flow | $30.5M | -23% | -17% |
What changed
Revenue was $233.7M in Q3 2026, up 2% year over year and down 16% from the previous quarter. Occupancy was the largest line at 60% of revenue. Food and Beverage added $4.2M year over year (up 6%), 95% of the total change. Hotel Other declined 1%.
Operating profit was $41.2M, a 17.6% margin (up 17.0 points year over year). Of the extra revenue versus Q3 2025, 904% reached operating profit, above the 1% margin then. Total costs fell 16% while revenue rose 2%. Net earnings were $38.5M. The effective tax rate was 0.7%.
Operating cash flow was $53.7M (down 1% year over year), 131% of net income including minority interests. Non-cash charges added back $30.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $19.4M. Capital expenditures of $23.2M left free cash flow of $30.5M.
Questions
What was Sunstone Hotel Investors' revenue in the third quarter 2026?
Sunstone Hotel Investors (SHO) reported revenue of $234M for the third quarter 2026 (Q3 2026), +2% from a year earlier and -16% from the quarter before.
Was Sunstone Hotel Investors profitable in the third quarter 2026?
Operating profit was $41.2M (17.6% of revenue) and net earnings $38.5M.