{"filings":[{"id":2171002,"accession_number":"0001193125-26-342819","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-08-10T22:04:05+00:00","items":["8.01","9.01"],"status":"ready","headline":"Sunstone Hotel Investors launches $300M ATM equity program with forward sales; amends credit facility","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New equity distribution agreement for up to $300M common stock, dated Aug 10, 2026.","Terminates prior ATM program (March 1, 2023) with $300M unsold capacity.","Forward sale contracts allowed; agent commissions capped at 2.0%.","Credit agreement amended Aug 7, 2026 to permit forward sale transactions under derivatives covenant.","Proceeds contributed to operating partnership for general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2088361,"accession_number":"0001104659-26-091645","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-08-06T11:35:22+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q2 net income $26M, RevPAR up 9.3%; sells Hyatt Regency SF, raises FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common stockholders $26.0M ($0.14/diluted share) vs $6.8M ($0.03) in Q2 2025.","RevPAR for all hotels rose 9.3% to $263.61; ADR $339.71, occupancy 77.6%.","Adjusted EBITDA re increased 5.5% to $76.7M; Adjusted FFO per diluted share up 14.3% to $0.32.","Completed sale of Hyatt Regency San Francisco; full-year 2026 outlook increased.","Total RevPAR up 7.7% to $434.00; excluding Andaz Miami Beach, RevPAR up 4.3%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1204360,"accession_number":"0001104659-26-076640","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-06-23T11:35:39+00:00","items":["7.01","9.01"],"status":"ready","headline":"Sunstone Hotel sells Hyatt Regency San Francisco to Blackstone for $279M, repurchases $70M stock","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Gross sale price $279M for 821-room Hyatt Regency SF ($340K/key); implied 21.4x EBITDAre, 3.5% cap rate.","Deployed ~$70M of proceeds into buybacks: 4.4M common at $9.24 avg ($40.5M), 1.4M preferred at $20.37 avg ($27.8M).","Transaction expected to close late July/early August 2026; further details in Q2 earnings release.","CEO cites strategy to recycle capital into higher risk-adjusted returns; remaining proceeds to be deployed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":759478,"accession_number":"0001104659-26-068568","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-06-01T11:30:19+00:00","items":["7.01","9.01"],"status":"ready","headline":"Sunstone posts investor presentation for June 2026 conferences; no financial details disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation posted to investor relations section of website on June 1, 2026.","Intended for use at upcoming conferences and meetings; no specific changes or guidance provided.","No financial data, operational updates, or strategic announcements included in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91973,"accession_number":"0001104659-26-055280","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","5.02","5.07","9.01"],"status":"ready","headline":"Sunstone Hotel Q1 net income $16M ($0.08/diluted), RevPAR +14.6%; GC departs","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common stockholders was $16.0M ($0.08/diluted) vs $1.3M ($0.01) in Q1 2025.","RevPAR increased 14.6% to $255.04; excluding Andaz Miami Beach, RevPAR up 5.7%.","Adjusted EBITDA re up 18.3% to $67.7M; Adjusted FFO per diluted share up 28.6% to $0.27.","General Counsel David Klein to depart effective May 31; receives $1.5M cash and accelerated vesting of 73,920 shares.","Stockholders elected all nine director nominees and ratified Ernst & Young as auditor for FY2026."],"consensus_eps_estimate":null,"consensus_eps_actual":0.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":259709000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":102416,"accession_number":"0001104659-26-020996","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Q4 net income $7.2M; RevPAR +9.6%; returns $170M to holders","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $7.2M vs $0.8M YoY; Adjusted FFO per share $0.20, up 25%.","Total Portfolio RevPAR $220.12 (+9.6%); ADR $319.01, occupancy 69.0%.","Full year net income $24.6M (incl. loss on Hilton New Orleans sale); Adjusted EBITDAre $236.6M, +3.0%.","Returned over $170M to common stockholders via dividends and repurchases in 2025.","Restored $500M share repurchase authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":960126000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.72,"calibrated_materiality_score":0.72,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118690,"accession_number":"0001193125-25-283930","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Sunstone Hotel Investors elects Michael Barnello to board effective Nov 15, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Barnello, 60, appointed as independent director, term expires at 2026 annual meeting.","Board expands from 8 to 9 members; Barnello brings lodging industry expertise.","Barnello is Founder and Managing Partner of Badlands Hotel Capital, former CEO of LaSalle Hotel Properties.","Chairman Pasquale and CEO Giglia welcomed Barnello's addition to enhance shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118689,"accession_number":"0001104659-25-108138","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q3 net income $1.3M, RevPAR up 2%, but adjusted FFO down 5.6%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income fell to $1.3M from $3.2M in Q3 2024, a 59% decline.","Total Portfolio RevPAR increased 2.0% to $216.12; ADR $307.43, occupancy 70.3%.","Adjusted EBITDA re decreased 6.6% to $50.1M.","Adjusted FFO per diluted share decreased 5.6% to $0.17."],"consensus_eps_estimate":null,"consensus_eps_actual":0.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":723160000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":135201,"accession_number":"0001104659-25-093887","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-09-26T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Sunstone closes $1.35B credit facility, extends maturities to 2030-2031, lowers borrowing cost","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate borrowing capacity of $1.35B composed of $500M revolver and three term loans totaling $850M.","Revolver matures Sep 2029 extendable to Sep 2030; term loans mature Jan 2029, Jan 2030, Jan 2031.","Over 75% of debt and preferred equity now subject to fixed rates via interest rate swaps.","Proceeds used to consolidate prior term loans, repay revolver; will repay Series A Senior Notes due 2026, no maturities until 2028.","Pricing based on leverage grid 1.35%-2.25% over term SOFR; includes $300M accordion feature."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":135200,"accession_number":"0001558370-25-010406","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q2 net income falls to $10.8M from $26.1M; RevPAR up 2.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $10.8M vs $26.1M YoY; excluding loss on sale of Hilton New Orleans St. Charles, net income would have been $19.5M.","Total Portfolio RevPAR up 2.2% to $241.22; ADR $323.35, occupancy 74.6%.","Adjusted EBITDAre down 1.1% to $72.7M; Adjusted FFO per diluted share flat at $0.28.","Company completed additional accretive share repurchases during the quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":493837000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":152176,"accession_number":"0001558370-25-006388","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","5.07","9.01"],"status":"ready","headline":"Sunstone Hotel Q1 net income $5.3M; Adj. FFO per share up 16.7% to $0.21; RevPAR +2.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $5.3M vs $13.0M in Q1 2024; Adjusted FFO per share rose 16.7% to $0.21.","Total Portfolio RevPAR increased 2.2% to $221.63; excluding Andaz Miami Beach renovation, RevPAR up 3.8%.","Adjusted EBITDAre increased 5.0% to $57.3M.","Andaz Miami Beach opened after transformational renovation; completed additional share repurchases.","Annual meeting: all directors elected, EY ratified, compensation approved, 2022 incentive plan amended."],"consensus_eps_estimate":null,"consensus_eps_actual":0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":234065000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":171006,"accession_number":"0001558370-25-001262","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-02-21T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q4 net income $0.8M; Adjusted FFO per share down 15.8% to $0.16","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $0.8M vs $127.0M prior year (incl. gain on sale); adj. FFO $0.16/diluted share, down 15.8%.","Comparable RevPAR fell 1.1% to $199.07; ADR $304.85, occupancy 65.3%. Excl. transition and labor impacts, RevPAR up 2.4%.","Full year net income $43.3M vs $206.7M; Adjusted EBITDAre $229.7M, down 12.8%.","CEO Giglia and CFO Reyes entered amended employment agreements increasing cash bonus percentages effective Feb 18, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":905809000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":171005,"accession_number":"0001558370-25-000301","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2025-01-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Sunstone Hotel eliminates COO role; Ostapovicz departs Jan 21, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["COO Chris Ostapovicz departs as position eliminated; responsibilities shift to President/CIO and other executives.","Separation Agreement provides cash payment of 2x base salary plus 2024 target bonus.","Accelerated vesting of 132,270 shares of common stock (restricted stock and PSUs).","COBRA health coverage for Ostapovicz, spouse, and dependents up to 18 months."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187982,"accession_number":"0001558370-24-015163","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["1.01","2.02","9.01"],"status":"ready","headline":"Sunstone Q3 net income $3.2M vs $15.6M; RevPAR down 1.3%; new $100M term loan","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income fell to $3.2M from $15.6M YoY; Adjusted FFO per diluted share $0.18, down 21.7%.","Comparable RevPAR declined 1.3% to $207.56; occupancy 68.8%, ADR $301.69.","Adjusted EBITDAre decreased 15.9% to $53.6M.","Entered $100M unsecured delayed draw term loan maturing Nov 2025, extendable to Nov 2026.","Loan covenants: max leverage 6.50x, min fixed charge coverage 1.50x; unencumbered assets ≥$500M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":691039000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187981,"accession_number":"0001558370-24-013242","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2024-10-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel lowers FY2024 guidance due to labor disruption at Hilton San Diego Bayfront","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Labor disruption at 1,190-room Hilton San Diego Bayfront caused group cancellations; union ratified new contract on Oct 9, hotel resumed normal operations.","FY2024 Adjusted EBITDAre expected $11M-$13M lower; RevPAR growth 125-150 bps lower; AFFO per share $0.06 lower than prior outlook.","Preliminary Q3 2024 total portfolio RevPAR change -1.4% vs prior year; September RevPAR -6.1% driven by labor disruption.","Since Q3 start, repurchased 2.3M shares at avg $9.79 for $22.8M; total 2024 repurchases 2.7M shares at avg $9.83.","Hurricane Milton caused no physical damage at Renaissance Orlando or Oceans Edge; cancellations partially offset by incremental transient demand."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":204484,"accession_number":"0001558370-24-011209","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Q2 net income falls to $26.1M; adjusted FFO down 15.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $26.1M vs $43.1M YoY; Adjusted EBITDA re down 13.6% to $73.5M.","Comparable RevPAR decreased 2.0% to $232.59; ADR $322.60, occupancy 72.1%.","Adjusted FFO per diluted share $0.28, down 15.2% YoY.","Excluding hotel renovations (Confidante Miami Beach, Long Beach Downtown), RevPAR up 0.4% and 2.1%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":464647000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":221284,"accession_number":"0001558370-24-006696","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2024-05-06T23:59:59+00:00","items":["2.02","5.07","9.01"],"status":"ready","headline":"Sunstone Hotel Q1 net income $13M, RevPAR down 5.1%; acquires Hyatt Regency San Antonio, raises dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $13.0M vs $21.1M YoY; Adjusted FFO per diluted share $0.18, down 14.3%.","Comparable RevPAR fell 5.1% to $223.06; ADR $325.16, occupancy 68.6%.","Adjusted EBITDAre decreased 9.2% to $54.5M.","Acquired Hyatt Regency San Antonio Riverwalk; increased quarterly dividend (amount not disclosed).","Annual meeting: all directors elected; director Pasquale received 38M against votes."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":217166000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240841,"accession_number":"0001558370-24-001578","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2024-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q4 Adj FFO $0.19, -26.9% YoY; FY2023 RevPAR +5.6%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $127.0M (incl. gain on sale); adj. net income $3.2M; EBITDAre $54.6M (-20.5% YoY).","Q4 comparable RevPAR $206.58 (-2.2% YoY); urban/convention RevPAR +3.5%.","Full year 2023 net income $206.7M; adj. net income $82.9M; EBITDAre $263.4M (+12.7% YoY).","Full year adj. FFO per diluted share $0.95 (+9.2% YoY).","Returned nearly $120M to common stockholders in 2023 via dividends and share repurchases."],"consensus_eps_estimate":null,"consensus_eps_actual":0.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":986480000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":258343,"accession_number":"0001558370-23-019516","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-12-06T23:59:59+00:00","items":["8.01","2.02","9.01"],"status":"ready","headline":"Sunstone Hotel declares $0.13 Q4 dividend, recurring dividend raised to $0.07","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Q4 dividend $0.13/share ($0.07 recurring + $0.06 extra), payable Jan 16, record Dec 29.","Recurring quarterly dividend increased to $0.07 per share.","Annualized yield of 3.0% based on Dec 5 closing price.","Over $55M returned to common stockholders via share buybacks in 2023.","Boston Park Plaza sale proceeds to be reinvested via tax-deferred exchange; if not, tax attributes offset gain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":258342,"accession_number":"0001558370-23-017863","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Q3 net income $15.6M vs $20.5M YoY; RevPAR flat at $222.54","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $15.6M, down from $20.5M in prior year.","Comparable RevPAR $222.54, unchanged YoY; ADR $305.69, occupancy 72.8%.","Urban/convention hotel RevPAR increased 7.4% YoY.","Adjusted EBITDAre $63.7M, down 0.2% from prior year.","Adjusted FFO $0.23 per diluted share, down 4.2%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":767255000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":275647,"accession_number":"0001558370-23-015662","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-09-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Sunstone posts investor presentation with Miami Beach renovation plan and Maui resort update","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Added investor presentation to website includes updates on Miami Beach hotel renovation activities.","Includes August 2023 preliminary operating statistics for company hotels.","Provides update on common stock repurchases.","Covers operating fundamentals for Wailea Beach Resort on Maui, Hawaii."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":275646,"accession_number":"0001558370-23-013305","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-08-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Q2 net income $43.1M, RevPAR +3.6%, raises dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $43.1M vs $37.7M in Q2 2022; diluted EPS not stated.","Comparable RevPAR up 3.6% to $245.91; urban/group hotels RevPAR up 10.7%.","Adjusted EBITDAre $85.1M (+15.0%); Adjusted FFO per share $0.33 (+10.0%).","Quarterly dividend increased (specific amount not disclosed in filing)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":519555000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":293186,"accession_number":"0001558370-23-008196","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-05-05T23:59:59+00:00","items":["1.01","2.02","2.03","5.07","9.01"],"status":"ready","headline":"Sunstone Q1 net income $21.1M; RevPAR up 32% to $218; secured $225M term loan","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $21.1M vs $15.1M Q1 2022; Adj. FFO per diluted share $0.21 (up 162.5%).","Comparable RevPAR $218.82 (+32.0%); ADR $313.94, occupancy 69.7%.","Entered $225M unsecured delayed draw term loan facility maturing May 1, 2025 (extendable to 2026).","All seven director nominees elected; 2022 say-on-pay approved with ~97% support; 1-year frequency chosen for future votes.","Refinanced only 2023 debt maturity; continued share repurchases and dividends."],"consensus_eps_estimate":null,"consensus_eps_actual":0.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":243443000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313823,"accession_number":"0001193125-23-056544","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-03-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Sunstone Hotel Investors establishes $300M ATM equity offering program and amends credit agreement for forward sales","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered equity distribution agreement to sell up to $300M of common stock via at-the-market offerings.","Prior ATM program from February 2017 terminated; new program dated March 1, 2023.","Amended credit agreement to carve out forward sale transactions from derivatives restrictions.","Proceeds from forward settlements will be contributed to operating partnership; commissions up to 2%.","Forward sellers may borrow and sell shares; company may settle physically, in cash, or net shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313822,"accession_number":"0001558370-23-001688","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q4 net income $17.5M; RevPAR up 34.2%; Adjusted FFO $0.26 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $17.5M; Q4 2021 net income of $138.3M included gains on hotel sales.","Comparable Portfolio RevPAR increased 34.2% to $193.59; ADR $286.37, occupancy 67.6%.","Adjusted EBITDAre increased 120.6% to $68.8M; Adjusted FFO per diluted share $0.26 (up 188.9%).","Full year 2022 net income $90.8M (vs $33.0M in 2021); Comparable Portfolio RevPAR up 73.2% to $194.31.","Completed nearly $700M of transaction activity in 2022; returned capital via share repurchases and dividends."],"consensus_eps_estimate":null,"consensus_eps_actual":0.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":912053000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313821,"accession_number":"0001193125-23-032541","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2023-02-10T23:59:59+00:00","items":["5.02","5.03","9.01"],"status":"ready","headline":"Sunstone Hotel CFO salary raised to $400K; bylaws amended for proxy rules","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CFO Aaron Reyes annual base salary increased from $325K to $400K effective Jan 1, 2023; bonus percentages unchanged at 50%/100%/150%.","Board adopted Third Amended and Restated Bylaws on Feb 9, 2023, incorporating universal proxy rules and enhanced stockholder nomination disclosure.","Bylaws also include procedures for ratifying prior actions, reconvening meetings, and updates for virtual meetings to align with Maryland law."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":332281,"accession_number":"0001558370-22-016750","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel net income $20.5M in Q3 2022 vs loss of $22.1M a year ago; RevPAR up 49%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Comparable portfolio RevPAR surged 49.0% to $207.18; ADR $287.75, occupancy 72.0%.","Adjusted EBITDA re increased 80.6% to $63.8 million.","Adjusted FFO per diluted share rose 118.2% to $0.24.","Company returning capital through share repurchases and dividends."],"consensus_eps_estimate":null,"consensus_eps_actual":0.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":667909000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349745,"accession_number":"0001558370-22-014396","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-09-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel operations update: Q3 QTD RevPAR down 2.7% vs 2019, ADR up 16.9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Comparable portfolio occupancy 72.2% (down 1,450 bps vs 2019); ADR $285.37 (+16.9% vs 2019).","Excluding Renaissance Washington DC (conversion to Westin in 2023), RevPAR down only 0.4% vs 2019.","Group revenue pace for H2 2022 down 13% vs 2019, an improvement of ~200 bps from June 2022.","September–December transient bookings at 86% of 2019 room nights, with rates ~27% higher.","Preliminary Q3 QTD total revenues $161M, Hotel Adjusted EBITDA $47M for all 15 hotels."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349744,"accession_number":"0001558370-22-014084","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-08-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Sunstone Hotel enters employment agreements with five top executives","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Employment agreements for CEO Giglia, President Springer, EVP Klein, EVP Ostapovicz, and CFO Reyes.","Annual base salaries: Giglia $600k, Springer $550k, Klein $425k, Ostapovicz $400k, Reyes $325k.","Target bonuses: 135% of base for Giglia/Springer, 100% for Klein/Ostapovicz/Reyes; max 202.5% and 150%.","Severance: without cause or for good reason, two times (base + target bonus), plus equity acceleration.","Non-solicitation and non-disparagement covenants included; at-will employment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349743,"accession_number":"0001558370-22-011764","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel posts Q2 net income $37.7M; RevPAR up 98.4% to $220.37","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $37.7M vs net loss $27.9M YoY; Adj FFO per diluted share $0.30 (up 2900%).","Comparable portfolio RevPAR $220.37 (+98.4% YoY) on ADR $295.40, occupancy 74.6%.","Adjusted EBITDA re $74.0M, up 382.9% YoY.","Completed acquisition of The Confidante Miami Beach and remaining 25% JV interest in Hilton San Diego Bayfront.","Amended credit agreement to extend maturities and increase debt capacity; reinstated common dividend and continued share repurchases."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":423595000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349742,"accession_number":"0001558370-22-011101","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-07-27T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Sunstone Hotel Investors closes $850M credit agreement, extends maturities to 2027/2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $500M unsecured revolver plus $350M term loans (two $175M tranches), up from $108M prior.","Proceeds used to fully repay the $230M outstanding on the prior revolver; facility now undrawn.","Revolver matures July 2026 with two six-month extension options to July 2027; term loans mature July 2027 and Jan 2028.","Interest rate ranges from 1.35% to 2.25% over adjusted SOFR based on leverage; sustainability-linked pricing can lower margin by 0.02%.","Covenants include max leverage 6.5x, min fixed-charge coverage 1.5x, and unencumbered borrowing base of at least 7 properties / $500M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366794,"accession_number":"0001558370-22-009665","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-06-02T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Sunstone completes Miami acquisition; 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RevPAR up 207.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $15.1M compared to net loss of $55.3M in Q1 2021; Adjusted EBITDAre up 285.3% to $27.2M.","12 Hotel Portfolio RevPAR $148.65 (+207.7% YoY) on ADR $279.95 and occupancy 53.1%.","14 Hotel Portfolio RevPAR $159.76; ADR $301.44, occupancy 53.0%.","Adjusted FFO per diluted share $0.08, up 166.7% YoY; FFO calculation changed to exclude deferred stock comp amortization."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":172315000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366792,"accession_number":"0001558370-22-006298","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-04-28T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Sunstone Hotel holds annual meeting; say-on-pay passes with 28% against; new incentive plan approved","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["All seven director nominees elected with 86% to 94% of votes cast; no material opposition.","Ratification of Ernst & Young as auditor passed with 98.5% for.","Advisory say-on-pay passed with 72% for (136.2M for, 53.5M against); 28% against is notable.","Stockholders approved 2022 Incentive Award Plan, replacing the 2019 plan; key terms in Exhibit 10.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.15,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":386182,"accession_number":"0001558370-22-003857","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-03-17T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Sunstone sells two Chicago hotels for $129.5M, provides RevPAR recovery update, repurchases 3.2M shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold Embassy Suites Chicago and Hilton Garden Inn Chicago Downtown for $129.5M ($178k/key), 9.8x 2019 EBITDAre multiple.","Chicago hotels expected to generate Q1 2022 net loss of $3.1M-$3.6M before gain on sale.","12-hotel comparable portfolio RevPAR at 67% of 2019 levels through March 14; group pace down 17% for rest of 2022.","Repurchased 3.2M shares at avg $11.08 for $35.1M from March 8-16; $464.9M remaining under authorization.","CEO states exit from Chicago market due to excess supply; proceeds to be recycled into higher-growth investments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":386181,"accession_number":"0001193125-22-066926","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-03-07T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Sunstone appoints new CEO, President/CIO, CFO; Pasquale shifts to Executive Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bryan Giglia, former CFO, appointed CEO effective March 7, 2022; salary raised to $600k with 135% target bonus.","Robert Springer becomes President and Chief Investment Officer; salary $550k, target bonus 135%, plus equity grants.","Aaron Reyes appointed CFO; salary $325k, target bonus 100%.","Douglas Pasquale becomes Executive Chairman through Aug 2022; receives $1.8M bonus and accelerated vesting for interim CEO stint.","One-time equity grants to Giglia and Springer: 62,668 time-vesting shares and 94,002 performance-vesting RSUs each."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":386180,"accession_number":"0001558370-22-001612","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Q4 net income $138.3M vs loss; RevPAR up 421% YoY; sold Chicago hotel for $67.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $138.3M vs net loss of $39.4M in Q4 2020; full year net income $33.0M vs loss $410.5M.","Q4 comparable 14-hotel RevPAR $136.51 (+421.2% YoY); ADR $245.53, occupancy 55.6%.","Q4 Adjusted EBITDAre $31.2M (+263.3%); Adjusted FFO per share $0.08 (+150.0%).","Sold leasehold interest in Hyatt Centric Chicago Magnificent Mile (419 rooms) for $67.5M in Feb 2022.","Full year RevPAR $105.43 (+121.4%); Adjusted EBITDAre $67.2M (+176.2%); Adjusted FFO per share $0.04 (+105.5%)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":509150000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":386179,"accession_number":"0001558370-22-001062","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2022-02-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Sunstone Hotel approves 2022 exec salaries, new bonus plan and equity grant changes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2022 base salaries: Pasquale $825k, Giglia $550k, Springer $500k, Klein $425k, Ostapovicz $400k.","Bonus plan weights: Individual 25%, AFFO/Sh 15%, Capital Recycling 30%, Capital Markets 15%, Capital Investment 15%.","Equity grants include annual & transition performance-vesting RSUs tied to relative TSR; e.g., Giglia: 84,143 annual target RSUs.","Transition from time-vesting to performance-vesting equity practice; one-time transition awards granted.","Time-based restricted stock also awarded with 3-year or 2-year graded vesting (e.g., Giglia: 28,048 annual shares)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":404105,"accession_number":"0001104659-21-144008","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-11-26T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Sunstone Hotel extends covenant relief period through Sept 2022, amends credit and note agreements","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Covenant Relief Period extended through Sept 30, 2022, with minimum fixed charge coverage ratio of 1.0 required as of June 30, 2022.","Ratio Adjustment Period extended by one quarter; original covenants phased in over five quarters after relief period.","As of Nov 23, 2021, $0 drawn on $500M revolver and $185M in term loans outstanding.","Fourth Note Agreement Amendment allows high yield bond issuance (≥$300M) to prepay the $205M outstanding Notes; change of control premium set at 102% until Nov 2023.","Effectiveness of amendments conditioned on either high yield bond issuance or asset sales generating ≥$130M net proceeds by Dec 31, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":404104,"accession_number":"0001558370-21-014651","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone reports Q3 net loss of $22.1M; RevPAR up 633%; acquisition and sale contracts","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $22.1M vs $91.1M loss in Q3 2020; Adjusted FFO per share $0.10, up 138.5%.","16 Hotel Portfolio RevPAR $136.12, up 633.4% YoY; occupancy 54.8%, ADR $248.40.","Adjusted EBITDA re $35.4M, up 197.7% vs prior year.","Under contract to buy Four Seasons Resort Napa Valley for $177.5M and sell Embassy Suites La Jolla for $226.7M.","Sold Renaissance Westchester for $18.8M in October 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.56,"consensus_revenue_estimate":null,"consensus_revenue_actual":335264000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":404103,"accession_number":"0001558370-21-012926","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-10-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Sunstone amends employment agreements for three executives to indefinite term; eliminates non-renewal severance","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Bryan Giglia (CFO), Robert Springer (CIO), and David Klein (GC) have amended employment agreements.","Employment period changed from fixed term ending March 31, 2022 to indefinite continuous employment.","Sections providing severance upon non-renewal of the employment period have been deleted.","Amendment effective September 30, 2021; agreements now at-will with standard termination provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423077,"accession_number":"0001558370-21-012435","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-09-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Sunstone Hotel Investors grants retention bonuses to three executives; hires Douglas Pasquale as Interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Retention program approved Sep 9, 2021 for CFO Bryan Giglia ($585k cash + $1.17M equity), Robert Springer ($497k + $994k), David Klein ($370k + $740k).","Cash retention payable Feb 28, 2022; equity vests 50% on each of Feb 28, 2023 and Sep 30, 2024, subject to continued employment.","Employment agreement with Douglas Pasquale as Interim CEO, base salary $825k, performance bonus target $1.85M (min $750k, max $3M).","Pasquale receives signing equity award of $2.25M, vesting in full on Sep 2, 2022.","Term ends on earlier of Sep 2, 2022 or date new permanent CEO appointed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423076,"accession_number":"0001558370-21-012193","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-09-02T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Sunstone Hotel Investors CEO John V. Arabia leaves, Chairman Douglas M. Pasquale named interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John V. Arabia separated as President & CEO and resigned from Board, effective immediately; separation is without 'Cause' per employment agreement.","Douglas M. Pasquale, current Board Chair, appointed interim CEO; will remain Chair; executive search firm to be retained for permanent replacement.","Pasquale plans to invest in portfolio, unlock value, and pursue acquisitions like recently acquired Montage Healdsburg Resort.","Actions not related to financial condition, internal controls, or disclosure procedures per company statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423075,"accession_number":"0001558370-21-011066","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-08-10T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Sunstone Hotel Investors adopts cash incentive bonus plan for named executive officers","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Compensation Committee adopted Incentive Bonus Plan on August 4, 2021, covering executive officers and other employees.","Bonus payments are in cash, tied to corporate and individual performance goals set by the Committee.","Performance metrics include earnings, revenue, FFO, total shareholder return, ESG initiatives, and strategic milestones.","Participants must be employed at payment date unless Committee or employment agreement provides otherwise.","Committee may amend, suspend, or terminate the plan at any time in its sole discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423074,"accession_number":"0001558370-21-010008","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Sunstone Hotel Q2 net loss narrows to $27.9M; RevPAR surges 3,182% to $95.84","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $27.9M vs $117.5M in Q2 2020; Adjusted EBITDAre up 132.6% to $15.3M.","17 Hotel Portfolio RevPAR increased 3,182% to $95.84; ADR $219.82, occupancy 43.6%.","Adjusted FFO per diluted share improved 96.8% to $(0.01).","Company says it has resumed corporate-level profitability.","Results reflect hospitality recovery from pandemic lows."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":167843000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423073,"accession_number":"0001104659-21-093088","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-07-16T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"Sunstone Hotel issues 4M shares of 5.70% Series I Preferred, redeems 3M Series F shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 4,000,000 shares of 5.70% Series I Cumulative Redeemable Preferred Stock at $25 liquidation preference.","Net proceeds from offering approximately $96.85 million after underwriting discount.","All 3,000,000 shares of 6.450% Series F Preferred to be redeemed on Aug 12, 2021 at $25/share plus accrued dividends.","Series I Preferred ranks senior to common and on parity with Series F, G, H preferred.","Dividends cumulative at 5.70% per annum, payable quarterly starting Oct 15, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":423072,"accession_number":"0001558370-21-008821","cik":1295810,"company_name":"Sunstone Hotel Investors, Inc.","ticker":"SHO","form_type":"8-K","filed_at":"2021-07-08T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Sunstone amends unsecured debt agreements, removes $250M acquisition cap","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Covenant limiting unencumbered hotel acquisitions to $250M removed during waiver period.","Mandatory prepayment from asset sales or equity issuances eliminated unless default occurs.","$500M revolver undrawn; $185M term loans and $205M private placement notes outstanding.","Financial covenant waiver continues through March 31, 2022 with minimum liquidity threshold."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2026848842.0773485,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}