Sunstone Hotel Investors (SHO) Financials

$8.24 -0.07 (-0.78%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$8.54 +0.31 (+3.70%)

As of 05:36 AM Eastern

Annual Income Statements for Sunstone Hotel Investors

This table shows Sunstone Hotel Investors' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	72	338	118	133	238	123	-418	14	73	193	28
Consolidated Net Income / (Loss)	88	356	141	153	259	143	-411	33	91	207	43
Net Income / (Loss) Continuing Operations	83	340	141	146	259	143	-411	33	91	207	43
Total Pre-Tax Income	83	341	140	138	261	143	-404	33	91	211	42
Total Operating Income	157	180	189	-1,053	182	137	-394	-88	-816	-868	-827
Total Gross Profit	701	774	682	-431	738	709	120	316	-359	-392	-371
Total Revenue	1,142	1,249	1,189	0.00	1,159	1,115	268	509	0.00	0.00	0.00
Total Cost of Revenue	441	476	507	431	421	406	148	193	359	392	371
Operating Cost of Revenue	441	476	507	431	421	406	148	193	359	392	371
Total Operating Expenses	544	593	493	622	556	572	514	404	458	475	456
Selling, General & Admin Expense	155	176	169	167	163	161	78	112	149	152	140
Marketing Expense	55	62	60	59	56	54	24	31	47	52	52
Depreciation Expense	156	165	163	159	146	148	137	129	126	127	125
Other Operating Expenses / (Income)	178	191	120	197	190	184	128	130	132	145	140
Impairment Charge	-	0.00	0.00	40	1.39	25	147	2.69	3.47	0.00	0.00
Total Other Income / (Expense), net	-73	161	-49	1,191	79	5.27	-10	121	907	1,079	869
Interest Expense	77	69	51	53	49	54	47	31	33	42	50
Other Income / (Expense), net	3.48	230	1.80	1,243	127	59	37	152	940	1,121	919
Income Tax Expense	0.18	1.43	-0.62	-7.78	1.77	-0.15	6.59	0.11	0.36	4.56	-1.10
Preferred Stock Dividends Declared	9.20	9.20	16	13	13	13	13	21	14	14	15
Net Income / (Loss) Attributable to Noncontrolling Interest	6.71	8.16	6.48	7.63	8.61	7.06	-5.82	-1.30	3.48	0.00	0.00
Basic Earnings per Share	$0.37	$1.62	$0.55	$0.59	$1.05	$0.54	($1.93)	$0.06	$0.34	$0.93	$0.14
Weighted Average Basic Shares Outstanding	192.67M	207.35M	214.97M	221.90M	225.92M	225.68M	215.93M	216.30M	212.61M	205.59M	201.74M
Diluted Earnings per Share	$0.37	$1.62	$0.55	$0.59	$1.05	$0.54	($1.93)	$0.06	$0.34	$0.93	$0.14
Weighted Average Diluted Shares Outstanding	192.67M	207.35M	214.97M	221.90M	225.92M	225.68M	215.93M	216.30M	212.65M	205.87M	202.64M
Weighted Average Basic & Diluted Shares Outstanding	192.67M	207.35M	214.97M	221.90M	225.92M	225.68M	215.93M	216.30M	208.17M	203.53M	201.02M
Cash Dividends to Common per Share	$0.51	$1.41	$0.68	$0.73	$0.69	$0.74	$0.05	-	$0.10	$0.30	$0.34

This table shows Sunstone Hotel Investors' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	17	14	17	39	12	124	9.35	22	-0.68	-3.10
Consolidated Net Income / (Loss)	20	17	21	43	16	127	13	26	3.25	0.84
Net Income / (Loss) Continuing Operations	20	17	21	43	16	127	13	26	3.25	0.84
Total Pre-Tax Income	20	18	21	44	16	130	12	26	2.77	0.82
Total Operating Income	30	-883	25	48	27	-968	17	36	16	-896
Total Gross Profit	152	-776	150	175	153	-871	131	156	137	-795
Total Revenue	244	-668	243	276	248	-767	217	247	226	-691
Total Cost of Revenue	92	108	93	101	95	103	86	91	90	104
Operating Cost of Revenue	92	108	93	101	95	103	86	91	90	104
Total Operating Expenses	122	107	125	127	126	97	114	120	120	101
Selling, General & Admin Expense	37	38	40	40	36	35	35	36	34	34
Marketing Expense	12	13	13	14	13	12	12	13	13	14
Depreciation Expense	32	32	32	32	33	29	29	31	32	33
Other Operating Expenses / (Income)	41	21	40	40	44	21	38	40	41	21
Total Other Income / (Expense), net	-9.77	901	-3.34	-4.57	-11	1,098	-5.08	-9.15	-14	897
Interest Expense	10	12	3.89	9.21	12	17	11	13	16	10
Other Income / (Expense), net	0.27	913	0.54	4.64	1.22	1,114	5.91	3.50	2.35	908
Income Tax Expense	-0.29	0.49	0.36	0.80	0.60	2.80	-0.86	0.26	-0.48	-0.02
Preferred Stock Dividends Declared	3.35	3.35	3.77	3.77	3.23	3.23	3.68	3.68	3.93	3.93
Basic Earnings per Share	$0.08	$0.06	$0.08	$0.19	$0.06	$0.60	$0.05	$0.11	$0.00	($0.02)
Weighted Average Basic Shares Outstanding	211.01M	212.61M	207.04M	206.18M	205.57M	205.59M	202.63M	202.76M	201.40M	201.74M
Diluted Earnings per Share	$0.08	$0.06	$0.08	$0.19	$0.06	$0.60	$0.05	$0.11	$0.00	($0.02)
Weighted Average Diluted Shares Outstanding	211.29M	212.65M	207.28M	206.83M	205.78M	205.87M	202.96M	203.46M	201.40M	202.64M
Weighted Average Basic & Diluted Shares Outstanding	210.40M	208.17M	207.10M	207.18M	205.44M	203.53M	203.67M	203.34M	200.90M	201.02M

This table details how cash moves in and out of Sunstone Hotel Investors' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	118	277	-138	122	303	2.60	-449	-253	-5.51	336	-313
Net Cash From Operating Activities	282	309	288	307	305	291	-117	28	209	198	170
Net Cash From Continuing Operating Activities	282	309	288	307	305	291	-117	28	211	198	170
Net Income / (Loss) Continuing Operations	88	356	141	153	259	143	-411	33	91	207	43
Consolidated Net Income / (Loss)	88	356	141	153	259	143	-411	33	91	207	43
Depreciation Expense	153	160	160	156	145	148	137	129	126	127	123
Amortization Expense	10	9.63	5.94	5.55	4.53	2.87	3.17	2.99	2.98	3.16	4.40
Non-Cash Adjustments To Reconcile Net Income	8.25	-231	-12	0.21	-107	-3.28	120	-141	-11	-126	9.56
Changes in Operating Assets and Liabilities, net	23	14	-6.96	-7.93	3.90	0.87	34	5.11	2.26	-12	-10.00
Net Cash From Investing Activities	-407	399	-143	-139	156	-47	114	-240	-166	258	-386
Net Cash From Continuing Investing Activities	-407	399	-143	-139	156	-47	114	-240	-166	258	-386
Purchase of Property, Plant & Equipment	-126	-164	-182	-115	-159	-96	-51	-64	-129	-110	-157
Acquisitions	-277	0.00	-2.45	0.00	-19	-	-1.40	-363	-233	0.00	-229
Purchase of Investments	0.00	-0.01	0.00	-0.13	0.00	0.00	-0.11	-0.08	-0.30	0.00	0.00
Sale of Property, Plant & Equipment	0.11	565	42	150	348	50	167	184	191	364	0.00
Other Investing Activities, net	-4.31	-2.64	0.25	-174	-14	-0.73	0.00	4.00	4.37	3.72	0.43
Net Cash From Financing Activities	242	-432	-283	-46	-159	-241	-446	-42	-49	-120	-98
Net Cash From Continuing Financing Activities	242	-432	-283	-46	-159	-241	-446	-42	-49	-120	-98
Repayment of Debt	-159	-458	-267	-409	-77	-7.97	-482	-190	-276	-224	-75
Repurchase of Common Equity	-1.00	0.00	-7.58	-1.48	-0.78	-50	-104	-8.07	-109	-57	-27
Payment of Dividends	-56	-88	-235	-171	-187	-179	-158	-14	-30	-60	-91
Issuance of Debt	178	123	100	460	65	0.00	300	110	474	225	100
Other Financing Activities, net	-3.77	-9.26	-2.64	-3.79	-4.23	-4.44	-3.99	-4.88	-108	-3.65	-4.16
Cash Interest Paid	70	64	50	41	45	45	40	31	32	49	49
Cash Income Taxes Paid	0.27	0.58	1.24	1.43	0.69	-0.40	-1.00	0.04	0.71	1.73	3.14

This table details how cash moves in and out of Sunstone Hotel Investors' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	15	-11	-12	18	21	309	-23	-237	-41	-12
Net Cash From Operating Activities	59	60	47	60	62	29	38	55	47	30
Net Cash From Continuing Operating Activities	59	60	47	60	62	29	38	55	47	30
Net Income / (Loss) Continuing Operations	20	17	21	43	16	127	13	26	3.25	0.84
Consolidated Net Income / (Loss)	20	17	21	43	16	127	13	26	3.25	0.84
Depreciation Expense	32	32	32	32	33	29	29	31	31	32
Amortization Expense	0.76	0.65	0.66	0.79	0.85	0.87	1.00	1.08	1.12	1.21
Non-Cash Adjustments To Reconcile Net Income	3.53	5.79	-7.54	-0.28	2.53	-121	2.37	2.91	2.59	1.69
Changes in Operating Assets and Liabilities, net	3.05	3.87	0.88	-16	9.69	-6.32	-6.69	-6.01	8.50	-5.80
Net Cash From Investing Activities	-35	-31	-22	-27	-11	318	-28	-270	-41	-47
Net Cash From Continuing Investing Activities	-35	-31	-22	-27	-11	318	-28	-270	-41	-47
Purchase of Property, Plant & Equipment	-35	-31	-22	-27	-25	-36	-28	-41	-42	-47
Other Investing Activities, net	-	-	-	-	14	-10	-	-	0.15	0.12
Net Cash From Financing Activities	-9.23	-39	-36	-15	-29	-39	-34	-22	-47	4.25
Net Cash From Continuing Financing Activities	-9.23	-39	-36	-15	-29	-39	-34	-22	-47	4.25
Repayment of Debt	-240	-0.51	-0.52	-223	-0.52	-0.53	-0.54	-0.54	-0.54	-74
Repurchase of Common Equity	-8.67	-22	-19	-3.28	-14	-21	0.00	-3.62	-23	-0.94
Payment of Dividends	-4.36	-14	-14	-14	-15	-18	-30	-17	-22	-21
Issuance of Debt	244	-	-	-	-	-	-	-	-	100
Cash Interest Paid	11	7.38	14	10	15	10	15	10	14	9.13
Cash Income Taxes Paid	-0.08	0.93	0.04	1.09	0.14	0.46	3.14	0.25	0.09	-0.34

This table presents Sunstone Hotel Investors' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,917	3,865	3,739	3,858	3,973	3,919	2,986	3,041	3,083	3,149	3,107
Total Current Assets	355	620	568	728	908	914	435	282	227	551	242
Cash & Equivalents	222	499	370	488	809	817	368	120	101	426	107
Restricted Cash	82	76	68	71	53	48	48	42	56	67	73
Accounts Receivable	34	32	39	34	34	35	8.57	29	42	31	34
Prepaid Expenses	15	11	10	10	12	14	10	14	28	26	28
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,563	3,246	3,172	3,130	3,064	3,005	2,551	2,759	2,856	2,598	2,864
Other Noncurrent Operating Assets	3,553	3,246	3,172	3,130	3,064	2,958	2,504	2,759	2,856	2,598	2,864
Total Liabilities & Shareholders' Equity	3,917	3,865	3,739	3,858	3,973	3,919	2,986	3,041	3,083	3,149	3,107
Total Liabilities	1,649	1,514	1,207	1,276	1,262	1,298	896	801	998	983	1,003
Total Current Liabilities	297	451	409	243	233	326	91	176	88	78	77
Accounts Payable	33	30	36	32	30	36	37	48	74	48	53
Dividends Payable	77	265	120	134	126	136	3.21	3.51	14	30	24
Total Noncurrent Liabilities	1,351	1,063	799	1,033	1,029	972	806	626	910	904	926
Long-Term Debt	1,302	1,011	746	977	971	889	743	589	813	815	841
Other Noncurrent Operating Liabilities	34	36	37	29	31	68	47	37	97	90	85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,269	2,351	2,532	2,582	2,711	2,621	2,089	2,240	2,085	2,167	2,104
Total Preferred & Common Equity	2,217	2,301	2,483	2,534	2,663	2,575	2,049	2,199	2,085	2,167	2,104
Preferred Stock	115	115	190	190	190	190	190	281	281	281	281
Total Common Equity	2,102	2,186	2,293	2,344	2,473	2,385	1,859	1,918	1,804	1,885	1,823
Common Stock	2,421	2,461	2,599	2,681	2,731	2,686	2,588	2,634	2,468	2,418	2,398
Other Equity Adjustments	-	-928	-1,093	-1,270	-1,440	-1,620	-1,643	-1,664	-664	-533	-575

This table presents Sunstone Hotel Investors' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,110	3,073	3,086	3,089	3,142	3,150	3,117
Total Current Assets	228	208	227	176	542	301	257
Cash & Equivalents	118	96	108	114	401	159	116
Restricted Cash	50	49	56	-	70	75	77
Accounts Receivable	46	42	48	29	37	38	34
Prepaid Expenses	14	21	15	33	34	29	31
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	2,882	2,865	2,859	2,913	2,600	2,849	2,859
Other Noncurrent Operating Assets	2,882	2,865	2,859	2,913	2,600	2,849	2,859
Total Liabilities & Shareholders' Equity	3,110	3,073	3,086	3,089	3,142	3,150	3,117
Total Liabilities	1,007	1,001	985	1,001	981	985	992
Total Current Liabilities	168	381	147	79	66	80	86
Accounts Payable	61	53	45	61	48	57	64
Dividends Payable	14	14	15	18	18	23	23
Total Noncurrent Liabilities	839	620	838	923	914	905	905
Long-Term Debt	811	590	813	815	814	814	814
Other Noncurrent Operating Liabilities	28	14	25	92	100	90	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,104	2,072	2,101	2,088	2,161	2,165	2,125
Total Preferred & Common Equity	2,104	2,072	2,101	2,088	2,161	2,165	2,125
Preferred Stock	281	281	281	281	281	281	281
Total Common Equity	1,822	1,791	1,820	1,806	1,880	1,884	1,844
Common Stock	2,490	2,448	2,448	2,437	2,418	2,418	2,397
Other Equity Adjustments	-1,686	-	-1,728	-630	-538	-534	-553

This table displays calculated financial ratios and metrics derived from Sunstone Hotel Investors' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.62%	9.39%	-4.79%	-100.00%	0.00%	-3.79%	-75.98%	90.05%	-100.00%	0.00%	0.00%
EBITDA Growth	30.88%	79.67%	-38.60%	-1.17%	30.23%	-24.29%	-162.34%	190.34%	29.24%	51.34%	-42.57%
EBIT Growth	57.05%	156.23%	-53.57%	0.10%	62.12%	-36.36%	-281.22%	117.96%	93.67%	103.93%	-63.55%
NOPAT Growth	117.15%	14.88%	5.56%	-686.23%	116.25%	-23.88%	-300.50%	68.14%	-825.59%	-4.44%	0.03%
Net Income Growth	25.63%	304.28%	-60.43%	8.76%	69.32%	-44.88%	-387.48%	108.04%	175.09%	127.74%	-79.07%
EPS Growth	27.59%	337.84%	-66.05%	7.27%	77.97%	-48.57%	-457.41%	103.11%	466.67%	173.53%	-84.95%
Operating Cash Flow Growth	65.01%	9.55%	-6.96%	6.60%	-0.49%	-4.71%	-140.12%	124.31%	638.05%	-5.37%	-14.01%
Free Cash Flow Firm Growth	58.79%	457.82%	-48.93%	-515.39%	122.89%	-2.77%	-30.29%	-274.58%	-220.24%	34.07%	-83.01%
Invested Capital Growth	9.35%	-9.34%	-2.16%	-1.34%	-2.11%	-3.38%	-15.35%	8.29%	4.38%	-8.60%	10.78%
Revenue Q/Q Growth	4.20%	0.89%	-0.95%	-100.00%	4,690.85%	-0.70%	-46.79%	36.64%	-100.00%	-100.00%	-100.00%
EBITDA Q/Q Growth	4.92%	60.72%	-37.89%	-1.24%	14.51%	-10.08%	-81.49%	1,262.10%	-31.58%	42.35%	-37.46%
EBIT Q/Q Growth	7.54%	115.00%	-53.38%	-0.65%	24.28%	-16.84%	-35.20%	154.51%	-48.39%	85.89%	-59.46%
NOPAT Q/Q Growth	9.36%	3.99%	8.45%	-735.69%	118.03%	-19.28%	-25.92%	17.10%	-1,450.89%	-772.22%	-1,076.61%
Net Income Q/Q Growth	11.41%	168.92%	-59.10%	-8.17%	28.26%	-18.47%	-26.03%	122.80%	-57.11%	112.69%	-74.46%
EPS Q/Q Growth	12.12%	200.00%	-64.05%	-13.24%	32.91%	-20.59%	-24.52%	108.00%	-61.80%	138.46%	-81.58%
Operating Cash Flow Q/Q Growth	14.56%	-0.58%	-6.80%	5.92%	3.16%	-1.84%	-1,563.89%	235.12%	23.41%	-13.26%	0.65%
Free Cash Flow Firm Q/Q Growth	66.18%	129.65%	-44.01%	-822.58%	128.89%	9.37%	-12.66%	-75.19%	-1,260.98%	-1,009.50%	-901.75%
Invested Capital Q/Q Growth	-0.37%	-8.44%	-2.32%	-4.45%	-1.72%	-3.53%	-5.36%	0.17%	-0.30%	-10.78%	0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.40%	61.93%	57.33%	0.00%	63.69%	63.60%	44.85%	62.11%	0.00%	0.00%	0.00%
EBITDA Margin	28.29%	46.48%	29.97%	0.00%	39.59%	31.15%	-80.84%	38.43%	0.00%	0.00%	0.00%
Operating Margin	13.73%	14.44%	15.88%	0.00%	15.69%	12.32%	-147.03%	-17.31%	0.00%	0.00%	0.00%
EBIT Margin	14.03%	32.86%	16.03%	0.00%	26.69%	17.65%	-133.16%	12.58%	0.00%	0.00%	0.00%
Profit (Net Income) Margin	7.70%	28.46%	11.83%	0.00%	22.35%	12.80%	-153.23%	6.48%	0.00%	0.00%	0.00%
Tax Burden Percent	105.61%	104.24%	100.44%	110.69%	99.32%	100.11%	101.63%	99.67%	99.61%	97.84%	102.61%
Interest Burden Percent	51.97%	83.08%	73.47%	72.44%	84.31%	72.46%	113.22%	51.68%	73.45%	83.50%	45.72%
Effective Tax Rate	0.22%	0.42%	-0.44%	-5.62%	0.68%	-0.11%	0.00%	0.33%	0.39%	2.16%	-2.61%
Return on Invested Capital (ROIC)	4.70%	5.42%	6.08%	0.00%	6.00%	4.70%	-10.37%	-3.46%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.92%	22.91%	-1.15%	0.00%	27.49%	6.70%	-54.93%	28.91%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.53%	9.97%	-0.32%	0.00%	3.79%	0.66%	-7.06%	4.99%	0.00%	0.00%	0.00%
Return on Equity (ROE)	4.17%	15.39%	5.76%	5.98%	9.79%	5.36%	-17.43%	1.52%	4.20%	9.72%	2.03%
Cash Return on Invested Capital (CROIC)	-4.24%	15.22%	8.26%	-34.93%	8.14%	8.13%	6.25%	-11.42%	-34.43%	-23.22%	-42.22%
Operating Return on Assets (OROA)	4.32%	10.55%	5.01%	0.00%	7.90%	4.99%	-10.33%	2.13%	0.00%	0.00%	0.00%
Return on Assets (ROA)	2.37%	9.14%	3.70%	0.00%	6.62%	3.62%	-11.89%	1.09%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	3.83%	14.28%	5.28%	5.43%	8.91%	4.88%	-15.70%	1.33%	3.61%	8.44%	1.76%
Return on Equity Simple (ROE_SIMPLE)	3.97%	15.45%	5.67%	6.04%	9.73%	5.55%	-20.04%	1.50%	4.35%	9.54%	2.06%
Net Operating Profit after Tax (NOPAT)	156	180	190	-1,112	181	138	-276	-88	-813	-849	-849
NOPAT Margin	13.70%	14.38%	15.95%	0.00%	15.59%	12.33%	-102.92%	-17.25%	0.00%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	5.62%	-17.49%	7.23%	-249.27%	-21.49%	-2.01%	44.56%	-32.37%	-169.14%	-206.96%	-172.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-28.06%	-28.48%	-28.82%
Cost of Revenue to Revenue	38.60%	38.07%	42.67%	0.00%	36.31%	36.40%	55.15%	37.89%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	13.61%	14.06%	14.19%	0.00%	14.03%	14.40%	29.12%	21.94%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.67%	47.49%	41.46%	0.00%	48.00%	51.28%	191.87%	79.42%	0.00%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	160	411	191	191	309	197	-357	64	124	253	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	323	581	356	352	459	347	-217	196	253	383	220
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	0.92	1.17	1.35	1.07	1.23	1.24	1.27	1.06	1.13	1.31
Price to Tangible Book Value (P/TBV)	1.13	0.92	1.17	1.35	1.07	1.23	1.24	1.27	1.06	1.13	1.31
Price to Revenue (P/Rev)	2.07	1.62	2.25	0.00	2.29	2.64	8.63	4.78	0.00	0.00	0.00
Price to Earnings (P/E)	32.81	5.97	22.67	23.84	11.15	23.96	0.00	178.21	26.17	11.09	84.85
Dividend Yield	4.43%	14.57%	5.49%	5.21%	5.94%	5.65%	6.90%	0.00%	1.10%	2.31%	2.87%
Earnings Yield	3.05%	16.75%	4.41%	4.20%	8.97%	4.17%	0.00%	0.56%	3.82%	9.02%	1.18%
Enterprise Value to Invested Capital (EV/IC)	1.05	0.86	1.11	1.26	1.02	1.15	1.18	1.21	1.03	1.09	1.19
Enterprise Value to Revenue (EV/Rev)	3.21	2.18	2.88	0.00	2.61	2.96	10.77	6.29	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	11.34	4.69	9.62	10.92	6.60	9.51	0.00	16.37	11.26	7.16	15.11
Enterprise Value to EBIT (EV/EBIT)	22.87	6.63	17.99	20.17	9.79	16.78	0.00	50.00	22.96	10.82	36.01
Enterprise Value to NOPAT (EV/NOPAT)	23.42	15.14	18.08	0.00	16.77	24.02	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.97	8.80	11.91	12.54	9.92	11.35	0.00	112.90	13.60	13.82	19.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.39	13.30	0.00	12.36	13.86	17.38	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.47	0.37	0.39	0.37	0.38	0.36	0.27	0.39	0.38	0.40
Long-Term Debt to Equity	0.58	0.44	0.30	0.39	0.37	0.35	0.36	0.26	0.39	0.38	0.40
Financial Leverage	0.58	0.44	0.28	0.20	0.14	0.10	0.13	0.17	0.25	0.24	0.24
Leverage Ratio	1.76	1.68	1.56	1.49	1.48	1.48	1.47	1.39	1.42	1.47	1.46
Compound Leverage Factor	0.91	1.40	1.14	1.08	1.25	1.07	1.66	0.72	1.04	1.22	0.67
Debt to Total Capital	38.78%	32.11%	27.22%	28.11%	27.03%	27.35%	26.68%	21.39%	28.05%	27.32%	28.56%
Short-Term Debt to Total Capital	3.23%	2.48%	5.32%	0.15%	0.16%	2.28%	0.08%	0.73%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.55%	29.64%	21.90%	27.96%	26.87%	25.07%	26.60%	20.66%	28.05%	27.32%	28.56%
Preferred Equity to Total Capital	3.10%	3.32%	5.46%	5.29%	5.11%	5.27%	6.67%	9.87%	9.71%	9.43%	9.55%
Noncontrolling Interests to Total Capital	1.41%	1.45%	1.41%	1.35%	1.28%	1.28%	1.43%	1.43%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.71%	63.11%	65.91%	65.25%	66.58%	66.10%	65.22%	67.31%	62.25%	63.24%	61.89%
Debt to EBITDA	4.45	1.92	2.66	2.87	2.19	2.84	-3.51	3.11	3.21	2.13	3.83
Net Debt to EBITDA	3.51	0.92	1.43	1.28	0.31	0.35	-1.59	2.28	2.59	0.84	3.01
Long-Term Debt to EBITDA	4.08	1.77	2.14	2.85	2.18	2.60	-3.50	3.01	3.21	2.13	3.83
Debt to NOPAT	9.19	6.19	4.99	-0.91	5.56	7.17	-2.76	-6.94	-1.00	-0.96	-0.99
Net Debt to NOPAT	7.24	2.99	2.69	-0.41	0.78	0.88	-1.25	-5.09	-0.81	-0.38	-0.78
Long-Term Debt to NOPAT	8.42	5.71	4.02	-0.90	5.53	6.58	-2.75	-6.70	-1.00	-0.96	-0.99
Altman Z-Score	1.19	1.76	2.16	2.14	2.43	2.46	1.81	2.54	1.34	1.75	1.59
Noncontrolling Interest Sharing Ratio	7.96%	7.20%	8.28%	9.34%	8.99%	8.89%	9.91%	12.77%	13.95%	13.23%	13.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.37	1.39	3.00	3.90	2.81	4.79	1.61	2.59	7.03	3.15
Quick Ratio	0.86	1.18	1.00	2.15	3.62	2.62	4.15	0.85	1.63	5.84	1.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-141	505	258	-1,070	245	238	166	-290	-928	-612	-1,120
Operating Cash Flow to CapEx	224.34%	0.00%	204.69%	0.00%	0.00%	626.71%	0.00%	0.00%	0.00%	0.00%	108.26%
Free Cash Flow to Firm to Interest Expense	-1.83	7.26	5.10	-20.35	5.05	4.39	3.52	-9.37	-28.19	-14.66	-22.38
Operating Cash Flow to Interest Expense	3.67	4.45	5.69	5.83	6.29	5.37	-2.47	0.92	6.36	4.75	3.40
Operating Cash Flow Less CapEx to Interest Expense	2.03	10.22	2.91	6.50	10.19	4.51	-0.03	4.79	8.26	10.84	0.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.32	0.31	0.00	0.30	0.28	0.08	0.17	0.00	0.00	0.00
Accounts Receivable Turnover	35.59	37.71	33.33	0.00	34.06	32.30	12.24	27.30	0.00	0.00	0.00
Inventory Turnover	303.72	335.59	387.38	338.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	15.28	15.15	15.31	12.69	13.52	12.29	4.05	4.54	5.91	6.43	7.34
Days Sales Outstanding (DSO)	10.25	9.68	10.95	0.00	10.72	11.30	29.82	13.37	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	1.20	1.09	0.94	1.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	23.88	24.09	23.84	28.77	26.99	29.69	90.09	80.43	61.80	56.81	49.76
Cash Conversion Cycle (CCC)	-12.43	-13.32	-11.95	0.00	-16.27	-18.39	-60.27	-67.06	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,478	3,153	3,085	3,044	2,979	2,879	2,437	2,639	2,754	2,517	2,789
Invested Capital Turnover	0.34	0.38	0.38	0.00	0.38	0.38	0.10	0.20	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	297	-325	-68	-41	-64	-101	-442	202	116	-237	271
Enterprise Value (EV)	3,664	2,721	3,429	3,848	3,029	3,303	2,887	3,203	2,849	2,738	3,321
Market Capitalization	2,363	2,018	2,680	3,159	2,650	2,945	2,312	2,434	1,912	2,136	2,379
Book Value per Share	$10.23	$10.48	$10.59	$10.40	$10.84	$10.61	$8.62	$8.74	$8.57	$9.18	$9.07
Tangible Book Value per Share	$10.19	$10.48	$10.59	$10.40	$10.84	$10.61	$8.62	$8.74	$8.57	$9.18	$9.07
Total Capital	3,706	3,463	3,479	3,592	3,715	3,608	2,850	2,849	2,898	2,981	2,945
Total Debt	1,437	1,112	947	1,010	1,004	987	760	609	813	815	841
Total Long-Term Debt	1,318	1,026	762	1,004	998	905	758	589	813	815	841
Net Debt	1,133	537	509	450	142	122	344	447	655	321	661
Capital Expenditures (CapEx)	126	-401	141	-35	-189	46	-115	-120	-63	-254	157
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-127	-321	-94	-68	-181	-195	-70	-36	-18	-21	-15
Debt-free Net Working Capital (DFNWC)	177	254	344	491	682	670	347	127	139	473	165
Net Working Capital (NWC)	57	168	159	486	676	588	344	106	139	473	165
Net Nonoperating Expense (NNE)	68	-176	49	-1,265	-78	-5.27	135	-121	-904	-1,056	-892
Net Nonoperating Obligations (NNO)	1,209	802	553	462	268	258	347	399	669	351	685
Total Depreciation and Amortization (D&A)	163	170	166	162	149	151	140	132	129	130	128
Debt-free, Cash-free Net Working Capital to Revenue	-11.13%	-25.71%	-7.88%	0.00%	-15.60%	-17.46%	-25.95%	-7.01%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	15.51%	20.34%	28.90%	0.00%	58.81%	60.11%	129.38%	24.95%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	5.03%	13.47%	13.35%	0.00%	58.30%	52.74%	128.53%	20.89%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$1.62	$0.55	$0.59	$1.05	$0.54	($1.93)	$0.06	$0.34	$0.93	$0.14
Adjusted Weighted Average Basic Shares Outstanding	208.51M	216.00M	220.07M	225.32M	228.25M	225.12M	215.59M	219.33M	212.61M	205.59M	201.74M
Adjusted Diluted Earnings per Share	$0.37	$1.62	$0.55	$0.59	$1.05	$0.54	($1.93)	$0.06	$0.34	$0.93	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	208.51M	216.00M	220.07M	225.32M	228.25M	225.12M	215.59M	219.33M	212.65M	205.87M	202.64M
Adjusted Basic & Diluted Earnings per Share	$0.37	$1.62	$0.55	$0.59	$1.05	$0.54	($1.93)	$0.06	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	192.67M	207.35M	214.97M	221.90M	225.92M	225.68M	215.93M	216.30M	208.17M	203.53M	201.02M
Normalized Net Operating Profit after Tax (NOPAT)	156	180	119	-709	182	113	-173	-85	-810	-849	-579
Normalized NOPAT Margin	13.70%	14.38%	10.03%	0.00%	15.71%	10.17%	-64.52%	-16.73%	0.00%	0.00%	0.00%
Pre Tax Income Margin	7.29%	27.30%	11.78%	0.00%	22.50%	12.79%	-150.77%	6.50%	0.00%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.08	5.91	3.77	3.63	6.38	3.63	-7.56	2.07	3.77	6.06	1.84
NOPAT to Interest Expense	2.03	2.59	3.75	-21.14	3.72	2.54	-5.85	-2.84	-24.68	-20.34	-16.95
EBIT Less CapEx to Interest Expense	0.45	11.68	0.99	4.30	10.27	2.77	-5.12	5.94	5.67	12.16	-1.30
NOPAT Less CapEx to Interest Expense	0.40	8.36	0.97	-20.47	7.62	1.68	-3.40	1.04	-22.78	-14.25	-20.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.06%	24.62%	167.21%	111.93%	72.18%	125.13%	-38.56%	41.50%	33.41%	28.94%	210.27%
Augmented Payout Ratio	65.20%	24.62%	172.60%	112.90%	72.48%	160.21%	-63.86%	65.96%	152.98%	56.44%	273.23%

This table displays calculated financial ratios and metrics derived from Sunstone Hotel Investors' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.93%	-484.11%	41.28%	9.88%	1.39%	-14.87%	-10.79%	-10.37%	-8.60%	9.93%
EBITDA Growth	226.79%	-65.11%	10.67%	14.58%	-0.96%	182.00%	-9.02%	-17.69%	-17.39%	-74.63%
EBIT Growth	313.28%	-79.70%	23.24%	21.67%	-7.25%	394.43%	-8.53%	-26.44%	-33.15%	-92.32%
NOPAT Growth	406.26%	-12,984.74%	463.12%	9.38%	-15.03%	-10.24%	-24.22%	-25.99%	-25.42%	3.38%
Net Income Growth	192.61%	-87.38%	39.44%	14.29%	-24.06%	627.17%	-38.18%	-39.31%	-79.12%	-99.34%
EPS Growth	161.54%	-90.16%	60.00%	26.67%	-25.00%	900.00%	-37.50%	-42.11%	-100.00%	-103.33%
Operating Cash Flow Growth	164.46%	198.94%	259.36%	-22.92%	4.59%	-50.76%	-18.55%	-8.28%	-24.53%	3.76%
Free Cash Flow Firm Growth	-41.08%	-367.03%	-95.05%	164.11%	66.14%	27.14%	224.26%	-12.16%	317.23%	-67.10%
Invested Capital Growth	4.87%	4.38%	9.37%	0.31%	2.14%	-8.60%	-8.88%	0.03%	-1.87%	10.78%
Revenue Q/Q Growth	-2.77%	-373.38%	-0.29%	13.42%	-10.29%	-409.75%	-0.94%	13.96%	-8.52%	-405.24%
EBITDA Q/Q Growth	-16.79%	0.00%	-6.97%	48.02%	-28.08%	184.76%	-69.99%	33.91%	-27.82%	-12.55%
EBIT Q/Q Growth	-30.71%	-1.98%	-14.54%	109.60%	-47.18%	422.53%	-84.19%	68.55%	-51.99%	-39.95%
NOPAT Q/Q Growth	-30.10%	-2,926.02%	-14.10%	95.14%	-45.70%	-3,766.69%	1.56%	90.60%	-45.29%	-4,850.58%
Net Income Q/Q Growth	-45.64%	-14.76%	20.75%	104.29%	-63.88%	716.20%	-89.74%	100.55%	-87.57%	-74.27%
EPS Q/Q Growth	-46.67%	-25.00%	33.33%	137.50%	-68.42%	900.00%	-91.67%	120.00%	-100.00%	0.00%
Operating Cash Flow Q/Q Growth	-23.82%	1.09%	-20.84%	26.44%	3.37%	-52.41%	30.95%	42.38%	-14.94%	-34.57%
Free Cash Flow Firm Q/Q Growth	-60.61%	-894.40%	-144.19%	118.38%	-184.81%	-2,039.98%	3.63%	-87.00%	109.74%	-1,746.16%
Invested Capital Q/Q Growth	0.14%	-0.30%	0.53%	-0.06%	1.97%	-10.78%	0.22%	9.72%	0.03%	0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.17%	0.00%	61.65%	63.49%	61.67%	0.00%	60.49%	63.04%	60.44%	0.00%
EBITDA Margin	25.61%	0.00%	23.91%	31.20%	25.01%	0.00%	24.38%	28.65%	22.61%	0.00%
Operating Margin	12.27%	0.00%	10.18%	17.55%	10.83%	0.00%	7.95%	14.36%	7.24%	0.00%
EBIT Margin	12.38%	0.00%	10.40%	19.23%	11.32%	0.00%	10.67%	15.78%	8.28%	0.00%
Profit (Net Income) Margin	8.39%	0.00%	8.66%	15.60%	6.28%	0.00%	6.00%	10.56%	1.44%	0.00%
Tax Burden Percent	101.44%	97.30%	98.33%	98.17%	96.27%	97.84%	107.02%	99.03%	117.46%	102.08%
Interest Burden Percent	66.80%	60.56%	84.66%	82.65%	57.62%	88.56%	52.57%	67.59%	14.75%	7.27%
Effective Tax Rate	-1.44%	2.70%	1.67%	1.83%	3.73%	2.16%	-7.02%	0.97%	-17.46%	-2.08%
Return on Invested Capital (ROIC)	3.88%	0.00%	3.71%	6.28%	3.78%	0.00%	3.09%	4.79%	2.77%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.22%	0.00%	3.07%	5.61%	2.30%	0.00%	2.06%	3.36%	0.45%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.63%	0.00%	0.73%	1.76%	0.77%	0.00%	0.51%	1.00%	0.15%	0.00%
Return on Equity (ROE)	4.51%	4.20%	4.45%	8.05%	4.54%	9.72%	3.60%	5.79%	2.92%	2.03%
Cash Return on Invested Capital (CROIC)	-2.53%	-34.43%	-4.17%	4.42%	2.41%	-23.22%	13.43%	3.46%	5.00%	-42.22%
Operating Return on Assets (OROA)	3.39%	0.00%	3.40%	6.28%	3.69%	0.00%	3.30%	4.71%	2.43%	0.00%
Return on Assets (ROA)	2.30%	0.00%	2.83%	5.10%	2.05%	0.00%	1.85%	3.16%	0.42%	0.00%
Return on Common Equity (ROCE)	3.86%	3.61%	3.82%	6.97%	3.93%	8.44%	3.12%	5.02%	2.53%	1.76%
Return on Equity Simple (ROE_SIMPLE)	10.06%	0.00%	4.67%	4.86%	4.66%	0.00%	9.19%	8.39%	7.97%	0.00%
Net Operating Profit after Tax (NOPAT)	30	-859	24	48	26	-947	18	35	19	-915
NOPAT Margin	12.44%	0.00%	10.01%	17.23%	10.43%	0.00%	8.51%	14.23%	8.51%	0.00%
Net Nonoperating Expense Percent (NNEP)	1.66%	-164.04%	0.64%	0.68%	1.47%	-210.53%	1.03%	1.43%	2.32%	-176.85%
Return On Investment Capital (ROIC_SIMPLE)	-	-29.65%	-	-	-	-31.77%	-	-	-	-31.07%
Cost of Revenue to Revenue	37.83%	0.00%	38.35%	36.51%	38.33%	0.00%	39.51%	36.96%	39.56%	0.00%
SG&A Expenses to Revenue	15.11%	0.00%	16.53%	14.58%	14.59%	0.00%	16.18%	14.66%	15.14%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.91%	0.00%	51.47%	45.94%	50.84%	0.00%	52.54%	48.67%	53.20%	0.00%
Earnings before Interest and Taxes (EBIT)	30	30	25	53	28	147	23	39	19	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	63	58	86	62	176	53	71	51	45
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	1.06	1.10	1.11	1.03	1.13	1.21	1.13	1.14	1.31
Price to Tangible Book Value (P/TBV)	1.04	1.06	1.10	1.11	1.03	1.13	1.21	1.13	1.14	1.31
Price to Revenue (P/Rev)	2.26	0.00	2.01	2.01	1.85	0.00	2.36	2.29	2.31	0.00
Price to Earnings (P/E)	9.63	26.17	24.66	23.04	22.50	11.09	12.28	12.69	13.55	84.85
Dividend Yield	0.56%	1.10%	1.58%	2.05%	2.44%	2.31%	2.35%	2.87%	3.10%	2.87%
Earnings Yield	10.39%	3.82%	4.05%	4.34%	4.44%	9.02%	8.14%	7.88%	7.38%	1.18%
Enterprise Value to Invested Capital (EV/IC)	1.02	1.03	1.06	1.07	1.01	1.09	1.15	1.08	1.08	1.19
Enterprise Value to Revenue (EV/Rev)	3.36	0.00	2.99	2.93	2.82	0.00	3.01	3.21	3.30	0.00
Enterprise Value to EBITDA (EV/EBITDA)	7.65	11.26	11.37	10.97	10.61	7.16	7.67	8.26	8.54	15.11
Enterprise Value to EBIT (EV/EBIT)	11.77	22.96	22.82	21.38	20.95	10.82	11.53	12.63	13.19	36.01
Enterprise Value to NOPAT (EV/NOPAT)	47.00	0.00	23.21	22.64	22.58	0.00	26.48	30.93	34.53	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	13.60	12.08	13.10	12.48	13.82	15.28	16.22	17.73	19.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	24.20	42.37	0.00	8.14	31.20	21.48	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.39	0.40	0.39	0.39	0.38	0.38	0.38	0.38	0.40
Long-Term Debt to Equity	0.39	0.39	0.29	0.39	0.39	0.38	0.38	0.38	0.38	0.40
Financial Leverage	0.28	0.25	0.24	0.31	0.33	0.24	0.25	0.30	0.33	0.24
Leverage Ratio	1.46	1.42	1.41	1.47	1.48	1.47	1.47	1.46	1.47	1.46
Compound Leverage Factor	0.98	0.86	1.19	1.21	0.85	1.30	0.77	0.99	0.22	0.11
Debt to Total Capital	27.87%	28.05%	28.54%	27.94%	28.07%	27.32%	27.37%	27.33%	27.70%	28.56%
Short-Term Debt to Total Capital	0.07%	0.00%	7.66%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	27.80%	28.05%	20.89%	27.87%	28.07%	27.32%	27.37%	27.33%	27.70%	28.56%
Preferred Equity to Total Capital	9.64%	9.71%	9.70%	9.65%	9.69%	9.43%	9.45%	9.44%	9.57%	9.55%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.48%	62.25%	61.76%	62.41%	62.24%	63.24%	63.18%	63.23%	62.73%	61.89%
Debt to EBITDA	2.20	3.21	3.20	3.02	3.03	2.13	2.16	2.25	2.32	3.83
Net Debt to EBITDA	1.75	2.59	2.64	2.42	2.61	0.84	0.91	1.60	1.77	3.01
Long-Term Debt to EBITDA	2.19	3.21	2.34	3.02	3.03	2.13	2.16	2.25	2.32	3.83
Debt to NOPAT	13.51	-1.00	6.53	6.24	6.45	-0.96	7.45	8.42	9.37	-0.99
Net Debt to NOPAT	10.72	-0.81	5.39	4.99	5.55	-0.38	3.14	6.00	7.15	-0.78
Long-Term Debt to NOPAT	13.47	-1.00	4.78	6.22	6.45	-0.96	7.45	8.42	9.37	-0.99
Altman Z-Score	1.92	1.24	1.17	2.15	1.52	1.64	1.90	1.72	1.65	1.50
Noncontrolling Interest Sharing Ratio	14.34%	13.95%	14.12%	13.38%	13.42%	13.23%	13.29%	13.19%	13.35%	13.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.36	2.59	0.55	1.54	2.23	7.03	8.17	3.75	2.98	3.15
Quick Ratio	0.97	1.63	0.36	1.06	1.81	5.84	6.59	2.46	1.73	1.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-98	-975	-213	39	-33	-710	264	34	72	-1,186
Operating Cash Flow to CapEx	169.10%	192.31%	210.23%	223.37%	249.76%	81.21%	139.11%	133.57%	112.16%	64.69%
Free Cash Flow to Firm to Interest Expense	-9.76	-83.36	-54.77	4.25	-2.79	-42.37	24.06	2.72	4.51	-113.65
Operating Cash Flow to Interest Expense	5.88	5.11	12.16	6.49	5.20	1.75	3.50	4.33	2.92	2.92
Operating Cash Flow Less CapEx to Interest Expense	2.40	2.45	6.38	3.58	3.12	-0.41	0.98	1.09	0.32	-1.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.00	0.33	0.33	0.33	0.00	0.31	0.30	0.29	0.00
Accounts Receivable Turnover	22.72	0.00	25.43	22.35	27.19	0.00	24.41	21.71	29.01	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	5.82	5.91	6.75	6.99	6.28	6.43	7.28	7.03	5.68	7.34
Days Sales Outstanding (DSO)	16.06	0.00	14.35	16.33	13.42	0.00	14.95	16.82	12.58	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	62.75	61.80	54.05	52.23	58.08	56.81	50.16	51.94	64.31	49.76
Cash Conversion Cycle (CCC)	-46.69	0.00	-39.70	-35.90	-44.66	0.00	-35.20	-35.12	-51.73	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,763	2,754	2,769	2,767	2,822	2,517	2,523	2,768	2,769	2,789
Invested Capital Turnover	0.31	0.00	0.37	0.36	0.36	0.00	0.36	0.34	0.33	0.00
Increase / (Decrease) in Invested Capital	128	116	237	8.45	59	-237	-246	0.84	-53	271
Enterprise Value (EV)	2,828	2,849	2,940	2,957	2,852	2,738	2,893	2,992	3,001	3,321
Market Capitalization	1,902	1,912	1,977	2,025	1,870	2,136	2,269	2,130	2,099	2,379
Book Value per Share	$8.58	$8.57	$8.60	$8.79	$8.72	$9.18	$9.28	$9.25	$9.07	$9.07
Tangible Book Value per Share	$8.58	$8.57	$8.60	$8.79	$8.72	$9.18	$9.28	$9.25	$9.07	$9.07
Total Capital	2,917	2,898	2,900	2,916	2,902	2,981	2,976	2,979	2,939	2,945
Total Debt	813	813	828	815	815	815	814	814	814	841
Total Long-Term Debt	811	813	606	813	815	815	814	814	814	841
Net Debt	645	655	682	651	701	321	343	580	622	661
Capital Expenditures (CapEx)	35	31	22	27	25	36	28	41	42	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-106	-18	-96	-82	-17	-21	4.32	-13	-21	-15
Debt-free Net Working Capital (DFNWC)	62	139	49	82	97	473	475	221	171	165
Net Working Capital (NWC)	60	139	-173	80	97	473	475	221	171	165
Net Nonoperating Expense (NNE)	9.91	-876	3.29	4.49	10	-1,074	5.44	9.06	16	-916
Net Nonoperating Obligations (NNO)	659	669	697	666	734	351	362	603	644	685
Total Depreciation and Amortization (D&A)	32	33	33	33	34	30	30	32	32	33
Debt-free, Cash-free Net Working Capital to Revenue	-12.55%	0.00%	-9.81%	-8.09%	-1.67%	0.00%	0.45%	-1.44%	-2.36%	0.00%
Debt-free Net Working Capital to Revenue	7.38%	0.00%	4.99%	8.13%	9.58%	0.00%	49.50%	23.68%	18.79%	0.00%
Net Working Capital to Revenue	7.14%	0.00%	-17.59%	7.93%	9.58%	0.00%	49.50%	23.68%	18.79%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.06	$0.08	$0.19	$0.06	$0.60	$0.05	$0.11	$0.00	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	211.01M	212.61M	207.04M	206.18M	205.57M	205.59M	202.63M	202.76M	201.40M	201.74M
Adjusted Diluted Earnings per Share	$0.08	$0.06	$0.08	$0.19	$0.06	$0.60	$0.05	$0.11	$0.00	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	211.29M	212.65M	207.28M	206.83M	205.78M	205.87M	202.96M	203.46M	201.40M	202.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	210.40M	208.17M	207.10M	207.18M	205.44M	203.53M	203.67M	203.34M	200.90M	201.02M
Normalized Net Operating Profit after Tax (NOPAT)	21	-859	24	48	26	-947	12	35	11	-627
Normalized NOPAT Margin	8.59%	0.00%	10.01%	17.23%	10.43%	0.00%	5.56%	14.23%	5.07%	0.00%
Pre Tax Income Margin	8.27%	0.00%	8.81%	15.89%	6.52%	0.00%	5.61%	10.67%	1.22%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	2.54	6.52	5.76	2.36	8.74	2.11	3.09	1.17	1.08
NOPAT to Interest Expense	3.03	-73.48	6.27	5.16	2.17	-56.50	1.68	2.78	1.21	-87.65
EBIT Less CapEx to Interest Expense	-0.47	-0.12	0.74	2.86	0.28	6.58	-0.41	-0.16	-1.43	-3.44
NOPAT Less CapEx to Interest Expense	-0.45	-76.13	0.49	2.26	0.09	-58.66	-0.84	-0.46	-1.39	-92.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.22%	33.41%	42.17%	44.72%	57.63%	28.94%	38.06%	43.75%	51.52%	210.27%
Augmented Payout Ratio	50.20%	152.98%	128.69%	96.00%	117.05%	56.44%	57.29%	64.96%	79.36%	273.23%

Frequently Asked Questions About Sunstone Hotel Investors' Financials

When does Sunstone Hotel Investors's financial year end?

According to the most recent income statement we have on file, Sunstone Hotel Investors' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Sunstone Hotel Investors' net income changed over the last 10 years?

Sunstone Hotel Investors' net income appears to be on a downward trend, with a most recent value of $43.26 million in 2024, falling from $87.94 million in 2014. The previous period was $206.71 million in 2023.

What is Sunstone Hotel Investors's operating income?

Sunstone Hotel Investors's total operating income in 2024 was -$827.22 million, based on the following breakdown:

Total Gross Profit: -$370.92 million
Total Operating Expenses: $456.29 million

How has Sunstone Hotel Investors revenue changed over the last 10 years?

Over the last 10 years, Sunstone Hotel Investors' total revenue changed from $1.14 billion in 2014 to $0.00 in 2024, a change of -100.0%.

How much debt does Sunstone Hotel Investors have?

Sunstone Hotel Investors' total liabilities were at $1.00 billion at the end of 2024, a 2.0% increase from 2023, and a 39.2% decrease since 2014.

How much cash does Sunstone Hotel Investors have?

In the past 10 years, Sunstone Hotel Investors' cash and equivalents has ranged from $101.22 million in 2022 to $816.86 million in 2019, and is currently $107.20 million as of their latest financial filing in 2024.

How has Sunstone Hotel Investors' book value per share changed over the last 10 years?

Over the last 10 years, Sunstone Hotel Investors' book value per share changed from 10.23 in 2014 to 9.07 in 2024, a change of -11.3%.

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This page (NYSE:SHO) was last updated on 4/16/2025 by MarketBeat.com Staff

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Sunstone Hotel Investors (SHO) Financials

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Sunstone Hotel Investors (SHO) Financials

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