SHOSunstone Hotel Investors, Inc.

$2B

FY 2009 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$718M-25.9% YoY

Gross Profit

$474M66.0% margin

Operating Income

-$88M-12.2% margin

Net Income

-$270M-37.6% margin

EPS (Diluted)

$-3.86

Cash Flow

Operating Cash Flow

$70M

Free Cash Flow

$26M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.6B

Stockholders' Equity

$887M

Cash & Equivalents

$359M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$718M	$969M	-25.9%
Gross Profit	$474M	$606M	-21.7%
Operating Income	-$88M	$135M	-165.4%
Net Income	-$270M	$75M	-460.7%

SHO FY 2009 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena