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Owns upper-upscale hotels across the US, run by major brand operators, and actively recycles its portfolio.
Owns upper-upscale hotels across the US, run by major brand operators, and actively recycles its portfolio.
Owns the buildings but leaves running each hotel to a brand operator under a management contract, paying fees, so it keeps the room, food and event income left after operating costs and carries the swings in occupancy. As a REIT, a company that passes most taxable income to shareholders, it keeps buying and selling hotels to renew its portfolio.
Moat: none (scale). No operating moat; returns depend on hotel market cycles and brand operator performance.
Headquarters: Irvine, California, US · Founded: 1995 · Employees: 37
Size Sunstone Hotel Investors (SHO) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $2.33B, the 1702nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.52 on 6 Nov 2026.
Performance Over six months the shares gained 19.4%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +5.5%); the operating margin is 9.7% (peer median 38.7%).
Valuation It trades at 59.0× forward earnings against a peer median of 22.6× (3rd most expensive of 20).
Short interest Short interest is 8.3% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.00B | $960M | $906M | $986M | $912M |
| Revenue growth | — | +6% | -8% | +8% | — |
| Gross profit | $197M | $180M | $178M | $218M | $199M |
| EBITDA | $234M | $209M | $204M | $245M | $230M |
| Net income | $52.9M | $24.3M | $43.0M | $206M | $86.8M |
| Free cash flow | $98.1M | $78.7M | $13.0M | $88.0M | $80.8M |
| Capital expenditure | $100M | $103M | $157M | $110M | $129M |
| Total debt | $975M | $933M | $853M | $831M | $832M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sunstone Hotel Investors SHO | $2.33B | +19% | +7% | 10% | 59.0× | n/a |
| DiamondRock Hospitality DRH | $2.88B | +30% | +2% | 17% | 21.5× | n/a |
| Pebblebrook Hotel Trust PEB | $2.36B | +43% | +3% | 9% | n/a | n/a |
| RLJ Lodging Trust RLJ | $1.92B | +40% | +1% | 10% | 700.2× | n/a |
| Xenia Hotels & Resorts XHR | $1.97B | +26% | +4% | 8% | 36.9× | n/a |
| Host Hotels & Resorts HST | $16.9B | +15% | +5% | 14% | 23.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SHO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.3% | +5.6% | 5th highest of 21 |
| 6-month return | +19.4% | -5.4% | 4th highest of 21 |
| Distance from 52-week high | -4.3% | -13.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.3% | +5.5% | 9th highest of 21 |
| Operating margin | 9.7% | 38.7% | 2nd lowest of 21 |
| Forward P/E | 59.0× | 22.6× | 3rd most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 10% | 59.0× | n/a | n/a |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 22% | 56.3× | n/a | n/a |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | 9% | n/a | n/a | n/a |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 37% | 44.6× | n/a | n/a |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 39% | 21.2× | n/a | n/a |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 45% | 22.7× | n/a | n/a |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | 42% | 26.3× | n/a | n/a |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | 62% | 63.1× | n/a | n/a |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 16% | 393.9× | n/a | n/a |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 62% | 16.5× | n/a | n/a |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 31% | 22.6× | n/a | n/a |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 34% | 18.9× | n/a | n/a |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 38% | 26.6× | n/a | n/a |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 56% | 21.4× | n/a | n/a |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 31% | 41.4× | n/a | n/a |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 70% | 15.0× | n/a | n/a |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 37% | 16.8× | n/a | n/a |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 82% | 22.2× | n/a | n/a |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 60% | 5.9× | n/a | n/a |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 87% | 19.2× | n/a | n/a |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 28% | 23.1× | n/a | n/a |