Investor FAQs

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Sunstone Hotel Investors' Common Stock trades on the New York Stock Exchange under the symbol “SHO”. Our Series E Cumulative Redeemable Preferred Stock trades on the New York Stock Exchange under the Symbol "SHO-PE". Our Series F Cumulative Redeemable Preferred Stock trades on the New York Stock Exchange under the Symbol "SHO-PF".
Sunstone Hotel Investors completed its public offering on October 26, 2004 at a price of $17.00 per share. The IPO was co-led by Citigroup, Merrill Lynch and Morgan Stanley. A.G. Edwards, Bear Stearns, Calyon Securities, Deutsche Bank and UBS acted as co-managers.
For shareholder inquiries, including change of name, address or telephone number, canceling or issuing stock certificates, and resolving problems related to lost, destroyed, or stolen certificates, please contact our transfer agent:

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn NY 11219
Our CUSIP number is 867892-10-1.
Our CUSIP number is 867892-60-6.
Our CUSIP number is 867892-60-5.
You can purchase shares of Sunstone Hotel Investors' stock through any licensed brokerage firm.
No, Sunstone Hotel Investors does not have a direct stock purchase plan. Sunstone Hotel Investors' stock must be purchased through a licensed brokerage firm.
No, Sunstone Hotel Investors does not have a dividend reinvestment program at this time.
Click here for access to past conference calls.
Click here to view Sunstone Hotel Investors’ management team.
Click here to view Sunstone Hotel Investors’ board of directors.
Click here to review our corporate governance policies.
Click here to read our recent press releases.
Click here to access our calendar of events.
Click here to request materials.
Sunstone Hotel Investors' Investor Relations department can be reached at the following:
Click here to view our latest annual and quarterly reports online. Click here to have the information sent to you by mail.
Sunstone Hotel Investors is a real estate investment trust (REIT) that owns primarily upper-upscale and upscale hotels in the United States.
We engage an independent hotel manager to manage our hotel properties. This serves two purposes:

1. It allows us to be in compliance with the applicable rules governing lodging REITs; and
2. We believe we can capture certain operational efficiencies through our relationship with a third-party manager that we could not capture if we were to manage the properties ourselves.
Sunstone Hotel Investors was originally founded in 1995. In 1999, the predecessor company went private through a management-led buyout. In October 2004 we successfully completed our initial public offering.
Sunstone Hotel Investors was incorporated in the State of Maryland in June 2004.
Sunstone Hotel Investors' independent accountant is Ernst & Young LLP.
Sunstone Hotel Investors has 50 employees as of August 2018.
Sunstone Hotel Investors is headquartered in Irvine, California, which is in southern California.
The Company’s fiscal year end is December 31.
The National Association of Real Estate Investment Trusts (NAREIT) defines a REIT as a company that owns, and in most cases operates, income-producing real estate, such as hotels, apartments, offices, shopping centers and warehouses. Some REITs also engage in financing real estate. The shares of many REITs are freely traded, usually on a major stock exchange.
We are structured as an umbrella partnership real estate investment trust, or UPREIT. In a typical UPREIT, the partners of existing partnerships and a newly-formed REIT become partners in a new partnership termed the Operating Partnership. For their respective interests in the Operating Partnership ("Units"), the partners contribute the properties from the existing partnership and the REIT contributes the cash proceeds from its public offering. The REIT typically is the general partner of The Operating Partnership and the majority owner of the Operating Partnership Units.
According to NAREIT, a company that qualifies as a REIT is permitted to deduct dividends paid to its shareholders from its corporate income tax bill. As a result, most REITs remit at least 100 percent of their taxable income to their shareholders and therefore owe no corporate taxes. Most states honor this federal tax treatment and do not require REITs to pay state income taxes.
To qualify as a REIT, a company must comply with certain provisions specified in the Internal Revenue Code and its underlying regulations. A REIT must:
  • Be an entity that is taxable as a corporation;
  • Be managed by a board of directors or trustees;
  • Have shares that are fully transferable;
  • Have a minimum of 100 shareholders;
  • Have no more than 50% of its shares held by five or fewer individuals during the last half of each taxable year;
  • Invest at least 75% of its total assets in real estate;
  • Derive at least 75% of its gross income from rents from real property, or interest on mortgages on real property;
  • Have no more than 20% of its assets consist of stocks in taxable REIT subsidiaries; and
  • Pay dividends of at least 90% of its taxable income in the form of shareholder dividends.
FFO, or funds from operations, is a supplemental performance measurement that has been adopted by NAREIT as an industry-wide measure of REIT operating performance. NAREIT and its member companies believe that real estate values have historically risen and fallen with market conditions, and therefore, that historical cost accounting for real estate companies may be misleading. FFO addresses this industry problem by excluding historical cost depreciation from the calculation of net income. FFO is not a financial measure that is calculated in accordance with U.S. generally accepted accoung principles ( "GAAP"). FFO should not be considered as an alternative measure of net income ( loss), operating performance or liquity as calculated in accordance with GAAP.
RevPAR, which is a widely used statistic by lodging REITs, stands for revenue per available room.
For additional information about REITs, please visit our industry trade association’s website at