SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2025

About this update from Sunstone Hotel Investors, Inc.

[{"type":"text","content":" ALISO VIEJO, Calif. , Nov. 7, 2025 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter ended September 30, 2025.","length":214,"tagName":"p"},{"type":"text","content":" Third Quarter 2025 Operational Results (as compared to Third Quarter 2024): ","length":75,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Net Income: Net income was $1.3 million as compared to $3.2 million.","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":" Total Portfolio RevPAR: Total Portfolio RevPAR increased 2.0% to $216.12. The average daily rate was $307.43 and occupancy was 70.3%.","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted EBITDA re : Adjusted EBITDA re decreased 6.6% to $50.1 million.","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 5.6% to $0.17.","length":105,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":375,"olType":false},{"type":"text","content":"Information regarding the non-GAAP financial measures disclosed in this release is provided below in "Non-GAAP Financial Measures." Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release.","length":294,"tagName":"p"},{"type":"text","content":"Bryan A. Giglia, Chief Executive Officer, stated, "Our portfolio delivered earnings that were in-line with our expectations despite ongoing headwinds in several of our larger markets. We were once again pleased with stronger performance in San Francisco, which helped to offset subdued government-related demand and a more price-sensitive leisure traveler in other parts of the portfolio. During the quarter, we successfully recast our credit facilities which addressed all debt maturities through 2028, lowered our borrowing cost and enhanced our financial flexibility. While the macroeconomic outlook remains mixed with various challenges, we are maintaining our outlook for the year."","length":697,"tagName":"p"},{"type":"text","content":"Mr. Giglia continued, "We remain committed to addressing the valuation discount at which we trade and taking every step possible to deliver value for shareholders. As we have done in the past, the Board and management team will continue to explore all avenues to realize the value of our exceptional portfolio."","length":321,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"18","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":" Unaudited Selected Financial and Financial Data ($ in millions, except RevPAR, ADR and per share amounts). 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Inclusive of extension options, loans under the Amended Credit Agreement mature at various points in 2030 and 2031 but are freely prepayable at any time. The Amended Credit Agreement is composed of a $500.0 million revolving credit facility with an initial maturity in September 2029, a $275.0 million delayed-draw term loan facility with an initial maturity in January 2029, a $275.0 million term loan facility with an initial maturity in January 2030, and a $300.0 million term loan facility with an initial maturity in January 2031. At the Company's election, the revolving credit facility can be extended to September 2030 and each of the $275.0 million term loan facilities can be extended to January 2031. The facilities will bear interest pursuant to a leverage-based pricing grid ranging from 1.35% to 2.25% over the applicable term SOFR. 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The Company's outlook reflects known impacts from the government shutdown to date but could be negatively impacted if the government shutdown or its lingering effects causes additional disruption to travel and hotel demand. In addition, future economic policies, changes in the health of the economy, or changes in consumer sentiment, among other factors, could lead to revisions in the Company's outlook or cause the Company to withdraw its outlook altogether.","length":610,"tagName":"p"},{"type":"text","content":"For the full year 2025, the Company now expects:","length":48,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":" ","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":" ","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" 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