SHO Q2 2023 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena

SHOSunstone Hotel Investors, Inc.

$2B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$276M+9.7% YoY

Gross Profit

$135M48.8% margin

Operating Income

$80M29.2% margin

Net Income

$43M15.6% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+13.2%

Cash Flow

Operating Cash Flow

$60M

Free Cash Flow

$60M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$985M

Stockholders' Equity

$2.1B

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$276M	$251M	+9.7%
Gross Profit	$135M	$125M	+7.4%
Operating Income	$80M	$75M	+7.8%
Net Income	$43M	$35M	+21.9%

Revenue Segments

Room

$173M63%

Food and beverage

$79M29%

Other operating

$24M9%