---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001688"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:21:46.119309+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel Q4 net income $17.5M; RevPAR up 34.2%; Adjusted FFO $0.26 per share

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-001688
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837023001688/0001558370-23-001688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837023001688/sho-20230222x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001688
- JSON: https://secwatch.observer/filing/0001558370-23-001688.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001688.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.