SHOSunstone Hotel Investors, Inc.

$2B

Q2 2025 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$260M+5.0% YoY

Gross Profit

$131M50.3% margin

Operating Income

$30M11.7% margin

Net Income

$11M4.1% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$59M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.0B

Stockholders' Equity

$2.0B

Cash & Equivalents

$74M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$260M	$247M	+5.0%
Gross Profit	$131M	$127M	+2.8%
Operating Income	$30M	$36M	-14.4%
Net Income	$11M	$26M	-58.8%

Revenue Segments

Occupancy

$156M60%

Food and Beverage

$78M30%

Hotel, Other

$26M10%

SHO Q2 2025 Earnings — Sunstone Hotel Investors, Inc. Revenue & Financial Results | Market Cap Arena