SHO Q1 2024 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena

SHOSunstone Hotel Investors, Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$217M-10.8% YoY

Gross Profit

$100M45.8% margin

Operating Income

$17M7.9% margin

Net Income

$13M6.0% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$38M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$981M

Stockholders' Equity

$2.2B

Cash & Equivalents

$401M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$217M	$243M	-10.8%
Gross Profit	$100M	$110M	-9.9%
Operating Income	$17M	$57M	-69.8%
Net Income	$13M	$21M	-38.2%

Revenue Segments

Room

$136M63%

Food and beverage

$61M28%

Other operating

$20M9%