Sunstone Hotel Investors (SHO) Operating Expenses (2010 - 2026)
Sunstone Hotel Investors' (SHO) quarterly Operating Expenses came in at $231.3 million in Q1 2026, up 6.29% year-on-year from $217.6 million in Q1 2025, and up 5.11% quarter-over-quarter from $220.0 million in Q4 2025.
Sunstone Hotel Investors (SHO) Operating Expenses (2010 - 2026) Analysis & Trends
Sunstone Hotel Investors' Operating Expenses history runs 17 years deep, the most recent figure standing at $231.3 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 6.29% year-over-year to $231.3 million in Q1 2026; TTM through Mar 2026 was $898.1 million, a 6.3% increase from a year earlier, with the FY2025 full-year figure at $884.4 million, up 6.91% from the prior year.
- Operating Expenses grew to $231.3 million in Q1 2026 per SHO's latest filing, from $220.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $231.3 million in Q1 2026 and bottomed at $179.1 million in Q1 2022.
- The 5-year median for Operating Expenses is $215.0 million (2022), against an average of $213.3 million.
- Across the five-year window, Operating Expenses jumped 82.61% in 2022 and retreated 8.57% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $215.0 million in 2022, then dropped by 6.67% to $200.6 million in 2023, then rose by 2.37% to $205.4 million in 2024, then rose by 7.13% to $220.0 million in 2025, then advanced by 5.11% to $231.3 million in 2026.
- Per Business Quant, the three latest SHO Operating Expenses figures stand at $231.3 million (Q1 2026), $220.0 million (Q4 2025), and $217.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.12 Bn | 7.74 Bn | 290.28 Mn | 526.78 Mn |
| 2 | Apple Hospitality REIT | 3.92 Bn | 3.91 Bn | 130.80 Mn | 289.73 Mn |
| 3 | Park Hotels & Resorts | 2.91 Bn | 2.69 Bn | 516.00 Mn | 559.00 Mn |
| 4 | DiamondRock Hospitality | 2.59 Bn | 2.56 Bn | 215.84 Mn | 229.54 Mn |
| 5 | Sunstone Hotel Investors | 2.19 Bn | 2.03 Bn | 259.54 Mn | 231.29 Mn |
| 6 | Pebblebrook Hotel Trust | 2.15 Bn | 2.05 Bn | 113.57 Mn | 337.61 Mn |
| 7 | Xenia Hotels & Resorts | 1.94 Bn | 1.91 Bn | 99.84 Mn | 253.79 Mn |
| 8 | RLJ Lodging Trust | 1.80 Bn | 1.78 Bn | - | 312.17 Mn |
| 9 | Service Properties Trust | 1.42 Bn | 1.40 Bn | 21.93 Mn | 365.33 Mn |
| 10 | Summit Hotel Properties | 730.53 Mn | 1.08 Bn | 148.71 Mn | 170.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 231.29 Mn |
| Dec 31, 2025 | 220.04 Mn |
| Sep 30, 2025 | 217.43 Mn |
| Jun 30, 2025 | 229.35 Mn |
| Mar 31, 2025 | 217.59 Mn |
| Dec 31, 2024 | 205.38 Mn |
| Sep 30, 2024 | 209.99 Mn |
| Jun 30, 2024 | 211.93 Mn |
| Mar 31, 2024 | 199.91 Mn |
| Dec 31, 2023 | 200.64 Mn |
| Sep 30, 2023 | 220.87 Mn |
| Jun 30, 2023 | 227.66 Mn |
| Mar 31, 2023 | 218.65 Mn |
| Dec 31, 2022 | 214.98 Mn |
| Sep 30, 2022 | 214.35 Mn |
| Jun 30, 2022 | 207.76 Mn |
| Mar 31, 2022 | 179.09 Mn |
| Dec 31, 2021 | 180.45 Mn |
| Sep 30, 2021 | 181.60 Mn |
| Jun 30, 2021 | 137.15 Mn |