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Last $13.66 USD
Change Today +0.02 / 0.15%
Volume 266.7K
SHO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 11:37 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

sunstone hotel investors inc (SHO) Snapshot

Open
$13.79
Previous Close
$13.64
Day High
$13.85
Day Low
$13.64
52 Week High
01/26/15 - $18.01
52 Week Low
10/15/14 - $12.80
Market Cap
2.9B
Average Volume 10 Days
2.0M
EPS TTM
$0.42
Shares Outstanding
208.7M
EX-Date
09/28/15
P/E TM
32.3x
Dividend
$0.20
Dividend Yield
3.72%
Current Stock Chart for SUNSTONE HOTEL INVESTORS INC (SHO)

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sunstone hotel investors inc (SHO) Details

Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset management, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also includes mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.

79 Employees
Last Reported Date: 02/19/15
Founded in 1995

sunstone hotel investors inc (SHO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $423.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $331.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $412.9K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $316.0K
Compensation as of Fiscal Year 2014.

sunstone hotel investors inc (SHO) Key Developments

Sunstone Hotel Investors Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015; Declares Cash Dividend of Common Stock and Series D Cumulative Redeemable Preferred Stockholders, Payable on October 15, 2015

Sunstone Hotel Investors Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $339,267,000, operating income of $69,353,000, income before income taxes and discontinued operations of $53,890,000, income available to common stockholders of $48,877,000 or $0.23 per basic and diluted share against total revenue of $300,852,000, operating income of $55,886,000, income before income taxes and discontinued operations of $38,446,000, income available to common stockholders of $39,568,000 or $0.22 per basic and diluted share a year ago. Income from continuing operations were $53,657,000 or $0.23 per basic and diluted share against $38,336,000 or $0.19 per basic and diluted share a year ago. EBITDA was $107,362,000 against $97,920,000 a year ago. FFO attributable to common stockholders was $89,528,000 against $72,101,000 a year ago. Adjusted EBITDA was $110,368,000 against $94,444,000 a year ago. Adjusted FFO available to common stockholders was $89,563,000 or $0.43 per diluted share against $72,155,000 or $0.39 per diluted share a year ago. A RevPAR growth of 7.1%, which was made up of a 6.3% increase in ADR and a 60 basis point increase in occupancy, exceeded the midpoint of guidance of 6% to 7.5%. Other revenues increased 10.2% during the quarter for a variety of reasons, including the implementation and restructuring of resort fee programs at certain of properties and an increase in tenant lease revenues at a few of hotels. For the six months, the company reported total revenue of $623,652,000, operating income of $87,021,000, income before income taxes and discontinued operations of $55,178,000, income available to common stockholders of $45,599,000 or $0.22 per basic and diluted share against total revenue of $544,335,000, operating income of $70,181,000, income before income taxes and discontinued operations of $35,174,000, income available to common stockholders of $31,538,000 or $0.17 per basic and diluted share a year ago. Income from continuing operations were $54,860,000 or $0.22 per basic and diluted share against $34,840,000 or $0.17 basic and diluted loss per share a year ago. EBITDA was $166,305,000 against $147,952,000 a year ago. FFO was $126,741,000 against $101,498,000 a year ago. Adjusted EBITDA was $176,077,000 against $143,810,000 a year ago. Adjusted FFO available to common stockholders was $134,621,000 or $0.65 per diluted share against $99,762,000 or $0.55 per diluted share a year ago. For the quarter, the company reported comparable hotel RevPAR of $184.05, comparable hotel occupancy of 86.8% and comparable hotel ADR of $212.04 against comparable hotel RevPAR of $172.39, comparable hotel occupancy of 86.2% and comparable hotel ADR of $199.99 a year ago. For the six months, the company reported comparable Hotel RevPAR of $156.69, comparable hotel occupancy of 83.2% and comparable hotel ADR of $200.89 against comparable hotel RevPAR of $156.69, comparable hotel occupancy of 82.3% and comparable hotel ADR of $190.39 a year ago. The company provided earnings guidance for the third quarter ending September 30, 2015. The company expects net income of $33 million to $37 million, adjusted EBITDA of $90 million to $94 million, adjusted FFO available to common stockholders of $70 million to $74 million or $0.34 per diluted share to $0.35 per diluted share. Comparable Hotel RevPAR Growth is expected in range of 3.0% to 4.0%. The company revised earnings guidance for the year ending December 31, 2015, the company expects net income of $110 million to $121 million against previous guidance of $109 million to $123 million, adjusted EBITDA of $347 million to $356 million against previous guidance of $344 million to $356 million, adjusted FFO available to common stockholders of $265 million to $274 million or $1.28 to $1.32 per diluted share against previous guidance of $262 million to $274 million or $1.26 to $1.32 per diluted share. Comparable Hotel RevPAR Growth is expected in range of 5.0% to 6.5%. On August 5, 2015, the board of directors declared a cash dividend of $0.05 per share of common stock, as well as a cash dividend of $0.50 per share payable to its Series D cumulative redeemable preferred stockholders. The dividends will be paid on October 15, 2015 to common and preferred stockholders of record as of September 30, 2015.

Sunstone Hotel Investors Inc. to Report Q2, 2015 Results on Aug 06, 2015

Sunstone Hotel Investors Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 06, 2015

Sunstone Hotel Investors Inc., Q2 2015 Earnings Call, Aug 07, 2015

Sunstone Hotel Investors Inc., Q2 2015 Earnings Call, Aug 07, 2015

 

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SHO Competitors

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Industry Analysis

SHO

Industry Average

Valuation SHO Industry Range
Price/Earnings 33.2x
Price/Sales 2.4x
Price/Book 1.3x
Price/Cash Flow 11.2x
TEV/Sales 1.1x
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