Sunstone Hotel Investors, Inc. · NYSE:SHO
Sunstone Hotel Investors — Investor Presentation (June 2026)
16 slides from Sunstone Hotel Investors's investor presentation, Jun 1, 2026
Slide 1: Company Presentation June 2026
COMPANY PRESENTATION JUNE 2026
Slide 2: Forward-Looking Statements
2 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expec
Slide 3: Recent Highlights
3 RECENT HIGHLIGHTS • Q1 2026 Earnings & Raised Full Year Outlook: Generated Adjusted EBITDAre of $68 million (+18% vs. prior year) and Adjusted FFO per share of $0.27 (+29% vs. prior year), which were ahead of expectations and consensus estimates. Increased earnings guidance to reflect the outperfo
Slide 4: Investment Highlights
4 INVESTMENT HIGHLIGHTS High-Quality Portfolio Well-located real estate with a balance of convention, resort and urban assets Focused Strategy Investing in hotels where we can add value, capital recycling & return capital to shareholders Balanced Investment Allocating capital to achieve a foundation
Slide 5: High Quality Portfolio
HIGH QUALITY PORTFOLIO Geographically Diversified Across Major Convention, Destination Resort and Gateway Urban Markets Note: Percentages reflect estimated run rate EBITDA contribution and are shown pro forma for acquisitions at projected stabilized levels. 5 14 HOTELS SAN FRANCISCO & WINE COUNTRY 1
Slide 6: Value Creation Through Capital Allocation
VALUE CREATION THROUGH CAPITAL ALLOCATION Focused Investment Strategy 6 INVESTING IN HOTELS WHERE WE CAN ADD VALUE CAPITAL RECYCLING & VALUE REALIZATION RETURNING CAPITAL TO SHAREHOLDERS Our mission is to produce superior shareholder returns and per share NAV growth by executing our investment strat
Slide 7: Value Creation Through Repositioning: Andaz Miami Beach
ANDAZ MIAMI BEACH RENOVATION Value Creation Through Repositioning: Andaz Miami Beach 7 • Andaz Miami Beach outperformed expectations in the first quarter, generating $6.5 million of EBITDA, and is well positioned to deliver on earnings expectations for 2026. • The fully renovated resort continues to
Slide 8: Andaz Miami Beach Renovation
ANDAZ MIAMI BEACH RENOVATION The Comprehensive Renovation has Fully Transformed the Earnings Potential of the Resort 8
Slide 9: Capital Recycling
9 CAPITAL RECYCLING A balanced approach to recycling capital. Realizing private market values and redeploying proceeds into superior return opportunities, creating value for shareholders. La Jolla WASHINGTON, DC DOWNTOWN SHO Common and Preferred Stock CURRENT PORTFOLIO OPPORTUNITIES REALIZE VALUE IN
Slide 10: Hilton Key West Resort & Marina
HILTON KEY WEST RESORT & MARINA Brand Conversion to Drive Incremental Earnings and Value Creation 10 • The former Oceans Edge Resort & Marina will transition to Hilton Key West Resort & Marina on July 1, 2026. • The conversion is expected to drive incremental earnings at the resort as the property b
Slide 11: Returning Capital to Shareholders
0.00 0.10 0.20 0.30 0.40 Q3 2022 Q3 2023 Current RETURNING CAPITAL TO SHAREHOLDERS Meaningful Capital Returned through Dividends and Share Repurchases 11 We have returned over $570 million of capital to shareholders since the start of 2022 through dividends and accretive share repurchases, while sti
Slide 12: Prudent Balance Sheet Management
1.0x 3.0x 5.0x 7.0x 9.0x HST DRH SHO XHR PK RLJ PEB Fixed Floating PRUDENT BALANCE SHEET MANAGEMENT Leverage Profile Provides Flexibility and Capacity for Future Growth Note: Data per company filings. EBITDA estimates per FactSet. 12 We maintain a lowly levered balance sheet which allows for signifi
Slide 13: 2026 Outlook
13 2026 OUTLOOK ($ in millions, except per share) Current Outlook Change (Mid) RevPAR Growth vs. Prior Year 5.0% to 7.5% +75 bps Total RevPAR Growth vs. Prior Year 5.0% to 7.5% +125 bps Adjusted EBITDAre $238 to $252 +$7.5 Adjusted FFO $166 to $180 +$7.5 Adjusted FFO per Diluted Share $0.88 to $0.96
Slide 14: Multiple Drivers of Earnings Growth
MULTIPLE DRIVERS OF EARNINGS GROWTH Demand Recovery and Our Investment Activity Will Contribute to Further Growth 14 We have significant embedded growth potential in future years from market recovery and from the ramp up & stabilization of certain assets in the portfolio. We could further enhance ou
Slide 15: Commitment to Corporate Responsibility
15 COMMITMENT TO CORPORATE RESPONSIBILITY We take a holistic approach to our business and balance the interests of all stakeholders, including the environment, our employees, our capital providers, the hotel associates, guests and the communities in which we own hotels. CORPORATE GOVERNANCE Responsi
Slide 16: Sunstone Hotel Investors
SUNSTONE HOTEL INVES
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