Sunstone Hotel Investors Inc

Chart & Performance

D1W1MN

Profile

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone's business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

URL

https://www.sunstonehotels.com/

IPO date

Oct 21, 2004

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	985,980 8.11%	912,053 79.13%	509,150 90.05%
Cost of revenue	561,481	644,117	433,806
Unusual Expense (Income)
NOPBT	424,499	267,936	75,344
NOPBT Margin	43.05%	29.38%	14.80%
Operating Taxes	4,562	359	109
Tax Rate	1.07%	0.13%	0.14%
NOPAT	419,937	267,577	75,235
Net income	206,708 136.81%	87,289 154.50%	34,298 -108.36%
Dividends	(59,825)	(24,824)	(13,693)
Dividend yield	2.71%	1.21%	0.54%
Proceeds from repurchase of equity	(59,751)	(111,793)	240,495
BB yield	2.70%	5.44%	-9.48%
Debt
Debt current	74,050	222,030	20,694
Long-term debt	773,979	619,371	638,981
Deferred revenue	48,143	8,806	6,598
Other long-term liabilities	11,633	(11,209)	11,656
Net debt	421,626	3,822,995	3,580,241
Cash flow
Cash from operating activities	198,131	209,384	28,370
CAPEX		(128,576)	(63,663)
Cash from investing activities	257,783	(165,721)	(239,688)
Cash from financing activities	(119,422)	(49,174)	(42,104)
FCF	382,956	282,262	117,800
Balance
Cash	426,403	101,223	120,483
Long term investments		(3,082,817)	(3,041,049)
Excess cash	377,104
Stockholders' equity	(249,779)	1,993,183	556,354
Invested Capital	3,351,037	2,902,099	2,879,992
ROIC	13.43%	9.26%	2.61%
ROCE	13.88%	9.19%	2.62%
EV
Common stock shares outstanding	205,865	212,653	216,296
Price	10.73 11.08%	9.66 -17.65%	11.73 3.53%
Market cap	2,208,931 7.53%	2,054,228 -19.03%	2,537,152 3.70%
EV	2,911,807	6,832,960	6,439,450
EBITDA	551,506	394,271	204,026
EV/EBITDA	5.28	17.33	31.56
Interest	48,979	32,005	31,241
Interest/NOPBT	11.54%	11.95%	41.46%