The strong operational performance, particularly at the newly renovated Andaz Miami Beach, combined with aggressive capital return through share repurchases, suggests the company is executing well. The raised 2026 guidance indicates confidence in continued growth. Traders should monitor the ramp-up of Andaz Miami Beach and the execution of the $500 million buyback program as key catalysts.
Price Chart
Executive Summary
Sunstone Hotel Investors reported Q4 and full-year 2025 results showing strong RevPAR growth and improved margins, driven by the reopening of Andaz Miami Beach and portfolio-wide operational improvements. The company exceeded most of its 2025 guidance, repurchased $103.6 million in stock, and sold the Hilton New Orleans St. Charles. For 2026, it expects continued growth with RevPAR guidance of 3.5%-6.5% and raised its Adjusted FFO guidance midpoint.
Key Financial Metrics
Key Facts
- Q4 2025 RevPAR increased 9.6% YoY to $220.12, driven by strong performance at Andaz Miami Beach and Wailea Beach Resort
- Full-year 2025 RevPAR increased 3.8% YoY to $225.12, exceeding the company's guidance range of 3.0%-5.0%
- Adjusted EBITDAre was $236.6 million in 2025, up 3.0% YoY and above guidance of $226-$240 million
- Adjusted FFO per share was $0.86 in 2025, up 7.5% YoY and above guidance of $0.80-$0.87
- Company repurchased $103.6 million of common and preferred stock in 2025 and reauthorized a $500 million buyback program
- Andaz Miami Beach reopened in May 2025 after renovation and is expected to drive significant earnings growth in 2026
- Hilton New Orleans St. Charles was sold for $47 million in June 2025, with proceeds used for accretive share repurchases
- 2026 guidance calls for RevPAR growth of 3.5%-6.5% and Adjusted EBITDAre of $225-$250 million
Financial Impact
Revenue growth of 3.8% and Adjusted EBITDAre growth of 3.0% in 2025, with expectations for continued growth in 2026
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Total Portfolio | $952.7M | +4.7% |
| Andaz Miami Beach | $18.8M | +321.4% |
Risk Factors
- Macro-economic uncertainty could impact hotel demand and RevPAR growth
- Execution risk on capital investments and renovations across the portfolio
- Interest rate environment could affect financing costs and capital allocation decisions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-020996 |
| Document: sho-20260227xex99d1.htm | 0001104659-26-020996 |
| Document: sho-20260227x8k.htm | 0001104659-26-020996 |
| Document: 0001104659-26-020996-index-headers.html | 0001104659-26-020996 |
| Document: 0001104659-26-020996-index.html | 0001104659-26-020996 |
| Document: 0001104659-26-020996.txt | 0001104659-26-020996 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $11.29 $11.01 | ▼ −2.48% | ▼ −3.08% | $11.39 (+0.89%) |
Jun 1, 2026 17w ago | 8-K | $20.97 $21.25 | ▲ +1.34% | ▲ +2.63% | $11.39 (−45.68%) |
May 5, 2026 21w ago | 8-K | $20.18 $21.16 | ▲ +4.86% | ▼ −0.10% | $11.39 (−43.56%) |
Mar 18, 2026 28w ago | DEFA14A | $9.02 $9.65 | ▲ +7.00% | ▼ −0.62% | $11.39 (+26.29%) |
Feb 27, 2026 31w ago | 8-K | $9.19 $8.86 | ▼ −3.56% | ▲ +4.00% | $11.39 (+23.98%) |
US Market Status
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