---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001578"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:47:27.442033+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel Q4 Adj FFO $0.19, -26.9% YoY; FY2023 RevPAR +5.6%

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-001578
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/0001558370-24-001578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/sho-20240223x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001578
- JSON: https://secwatch.observer/filing/0001558370-24-001578.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001578.txt

## Key facts
- Earnings Releases
  Sunstone Hotel Investors, Inc. reported year ended December 31, 2023 results: net income $206.7 million, EPS $0.95.
  - Period: year ended December 31, 2023
  - Net income: $206.7 million
  - EPS: $0.95
  - Result: reported results
  source text: Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/0001558370-24-001578-index.htm
- Earnings Releases
  Sunstone Hotel Investors, Inc. reported fourth quarter ended December 31, 2023 results: net income $127.0 million, EPS $0.19.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $127.0 million
  - EPS: $0.19
  - Result: reported results
  source text: Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/0001558370-24-001578-index.htm

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