SHO Q2 2024 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena

SHOSunstone Hotel Investors, Inc.

$2B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$247M-10.2% YoY

Gross Profit

$127M51.3% margin

Operating Income

$36M14.4% margin

Net Income

$26M10.6% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+14.0%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$55M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$985M

Stockholders' Equity

$2.2B

Cash & Equivalents

$159M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$247M	$276M	-10.2%
Gross Profit	$127M	$135M	-5.5%
Operating Income	$36M	$80M	-55.8%
Net Income	$26M	$43M	-39.3%

Revenue Segments

Room

$151M61%

Food and beverage

$71M29%

Other operating

$25M10%