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Sunstone Hotel Investors (SHO)
NYSE:SHO
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
0.6Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 8.42%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call highlights a strong performance in group and business travel segments with positive expectations for 2025. However, the company faced challenges from labor disruptions, weather impacts, and softer leisure demand in specific markets. The Andaz Miami Beach project experienced delays and increased costs. Overall, the sentiment reflects a balanced view with optimism for future growth despite current challenges.Company Guidance
During the third quarter earnings call for Sunstone Hotel Investors, the company provided guidance reflecting several short-term challenges, including weather disruptions in Florida and labor issues in San Diego, which impacted revenue growth. Despite these setbacks, the company expressed optimism for 2025, driven by strong group pace in multiple markets and the anticipated completion of the Andaz Miami Beach transformation. The guidance projected a full-year adjusted EBITDAre ranging from $220 million to $230 million and adjusted FFO per diluted share between $0.75 and $0.80. The company's approach to capital allocation remains balanced, focusing on recycling capital, investing in the portfolio, and returning capital to shareholders, as evidenced by the $23 million in share repurchases during the quarter. The call highlighted a RevPAR growth forecast, excluding certain properties, expected to range from a decline of 0.75% to an increase of 0.75%, with an overall total portfolio RevPAR decline of 1.75% to 3.25% compared to 2023.Strong Group and Business Travel Performance
The portfolio was led by the Westin Washington, D.C. Downtown, which grew RevPAR by 33% and total RevPAR by 39%. Group production was robust with room nights booked up 11% over last year and revenue growth of 15%. Business travel showed strength in Boston, San Francisco, and Portland.
Wine Country Resort Success
Montage Healdsburg grew total RevPAR by 27% with nearly 12 points of margin expansion. Four Seasons Napa Valley grew RevPAR by over 5% despite comping over a significant buyout event.
Capital and Investment Activity
Repurchased $23 million of stock, bringing the year-to-date total to over $26 million. Entered into a $100 million delayed draw term loan agreement to refinance maturing loans, resulting in a fully unencumbered portfolio.
Positive Outlook for 2025
Expecting benefits from recent acquisitions, repositionings, stronger citywide events, improved group pace, and growth at Andaz and Long Beach, leading to an impressive 2025.
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SHO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $10.81 | $10.43 | -3.52% |
| Aug 07, 2024 | $9.50 | $9.31 | -2.00% |
| May 06, 2024 | $9.94 | $10.10 | +1.61% |
| Feb 23, 2024 | $10.77 | $10.77 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sunstone Hotel Investors (SHO) report earnings?
Sunstone Hotel Investors (SHO) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Sunstone Hotel Investors (SHO) earnings time?
Sunstone Hotel Investors (SHO) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHO EPS forecast?
SHO EPS forecast for the fiscal quarter 2024 (Q4) is -0.02.
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