---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-015163"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:36:39.328652+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunstone Q3 net income $3.2M vs $15.6M; RevPAR down 1.3%; new $100M term loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-015163
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837024015163/0001558370-24-015163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837024015163/sho-20241107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-015163
- JSON: https://secwatch.observer/filing/0001558370-24-015163.json
- Plain text: https://secwatch.observer/filing/0001558370-24-015163.txt

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