Sunstone Hotel Q2 Revenue Beats, Lifts 2026 Outlook on Strong Leisure Demand
SHO sits 38% above its 52-week low of $8.48.
Summary
Sunstone Hotel delivered a Q2 revenue beat ($277.1M vs. $268.3M consensus) and raised its full-year 2026 guidance across the board. Adjusted FFO per share rose 14% year-over-year to $0.32, driven by strong leisure and group travel demand. The company now sees 2026 net income of $79M-$89M (up from $68M-$82M), RevPAR growth of 7.0%-9.0% (up from 5.0%-7.5%), and Adjusted FFO per share of $0.93-$0.98 (up from $0.86-$0.94). The completed sale of Hyatt Regency San Francisco and stock repurchases add a capital-return element. This follows a June outlook raise, but today's results and guidance lift materially exceed that earlier update. The stock trades near its 52-week high, and the raised forecast supports further upside.
At the time of this announcement, SHO was trading at $11.69 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $8.48 to $12.07. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.