SHO Q1 2023 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena

SHOSunstone Hotel Investors, Inc.

$2B

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$243M+42.1% YoY

Gross Profit

$110M45.3% margin

Operating Income

$57M23.5% margin

Net Income

$21M8.7% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-0.3%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

$47M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$1.0B

Stockholders' Equity

$2.1B

Cash & Equivalents

$96M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$243M	$171M	+42.1%
Gross Profit	$110M	$70M	+57.3%
Operating Income	$57M	$25M	+127.7%
Net Income	$21M	$14M	+50.7%

Revenue Segments

Room

$152M63%

Food and beverage

$71M29%

Other operating

$20M8%