NYSE$SHO

Sunstone Hotel Investors Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Sunstone's Q2 2021 financial performance was reported, marked by a substantial increase in RevPAR and positive corporate-level Adjusted EBITDAre profit.

Sunstone Hotel Investors reported improved results for the second quarter of 2021, with RevPAR increasing significantly and the company achieving positive corporate-level Adjusted EBITDAre profit. The acquisition of Montage Healdsburg was completed, and financing initiatives were undertaken to enhance investment flexibility.

  • Net loss was $27.9 million, an improvement compared to $117.5 million in the same quarter of the previous year.
  • RevPAR for the 17 Hotel Portfolio increased by 3,182.2% to $95.84.
  • Adjusted EBITDAre, excluding noncontrolling interest, increased by 132.6% to $15.3 million.
  • The company completed the acquisition of the Montage Healdsburg and refinanced two series of perpetual preferred stock.

Headline financials

Total Revenue

$117M

Previous: $10.4M+1024.4%
EPS (adj)

-$0.01

Previous: -$0.31+96.8%
Total Portfolio RevPAR

$95.84

Previous: -$98.00+197.8%
Capital Expenditures

-$212M

Previous: -$34.1M-522.1%
Free Cash Flow

-$240M

Previous: -$152M-58.5%
Net Income

-$27.9M

Previous: -$118M+76.2%
Operating Income

-$137M

Previous: -$115M-19.0%
Gross Profit

$52.3M

No prior period
Cash & Equivalents

$163M

Previous: $540M-69.9%
Total Assets

$3.02B

Previous: $3.42B-11.9%
Stock-Based Comp

$4.66M

No prior period

Revenue & EPS history

Sunstone · Revenue · Quarterly

$117M

Q2 2021+1,024.4%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company expects continued growth for the remainder of the year, as business transient and group demand become a larger portion of our business mix.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.0%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+20.1%

Q3 2020

Best reaction

-10.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%+8.0%+18.3%
Q4 2025-3.7%+0.5%-7.3%
Q3 2025+1.8%+2.5%-3.8%
Q1 2025-2.9%+0.5%+0.8%
Q4 2024-5.8%-8.2%-13.9%
Q3 2024-4.1%-7.3%+12.5%
Q2 2024+0.0%-1.6%+2.4%
Q1 2024+1.9%+0.7%+0.3%
Q4 2023-0.1%+0.6%-1.5%
Q3 2023-1.5%+0.6%+5.6%
Q2 2023+0.0%-0.6%-6.0%
Q1 2023+3.5%+5.5%+4.9%
Q4 2022+7.0%+7.4%-11.6%
Q3 2022-4.0%+4.5%-0.7%
Q2 2022-0.5%+0.5%-2.4%
Q1 2022-4.9%-7.8%+1.4%
Q4 2021-10.0%-7.6%+0.9%
Q3 2021+2.2%-0.9%-15.1%
Q2 2021-1.2%-0.2%+2.7%
Q1 2021-2.1%-3.2%-2.1%
Q4 2020+6.3%+8.8%+15.5%
Q3 2020+20.1%+19.4%+38.1%
Q2 2020+4.1%+10.7%+14.7%
Q1 2020-9.5%-18.8%+13.7%
Q4 2019-1.8%-1.9%-46.8%
Q3 2019+3.3%+0.6%-1.2%
Q2 2019+0.7%-0.9%-0.5%
Q1 2019-2.3%-1.9%-6.7%
Q4 2018+2.7%+3.1%+3.2%
Q3 2018+1.5%+4.4%+2.8%
Q2 2018+0.7%+1.2%+3.3%
Q1 2018+1.8%+3.3%+6.8%
Q4 2017-0.4%-1.6%-5.9%
Q3 2017-0.8%+0.2%+0.9%
Q2 2017-1.1%+0.7%-2.9%
Q1 2017+2.6%+5.2%+5.3%
Q4 2016-0.9%-2.8%-2.8%
Q3 2016-1.9%-1.4%+19.2%
Q2 2016+2.1%+0.5%-2.4%
Q1 2016-1.2%
Q4 2015+1.4%
Q3 2015+1.6%
Q2 2015+1.8%
Q1 2015-1.0%
Q4 2014+0.8%
Q3 2014-1.0%
Q2 2014+1.8%
Q1 2014+1.9%
Q4 2013+2.1%
Q3 2013+2.1%
Q2 2013+1.0%
Q1 2013+2.0%
Q4 2012-2.0%
Q3 2012-3.2%
Q2 2012+1.6%
Q1 2012+2.0%
Q4 2009-1.8%
Q4 2011-1.8%
Q3 2011-2.9%
Q3 2010-2.9%
Q2 2011-3.1%
Q2 2010-3.1%
Q1 2011-1.5%
Q1 2010-1.5%
Q4 2010-1.5%

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