SRSEC Reporting Desk

Sunstone Hotel Investors, Inc. (SHO, SHO-PH, SHO-PI) – Company response

2026-04-22 · Re: Form 10-K for the Fiscal Year Ended December 31, 2025 Filed on February 27, 2026 Form 8-K Filed on February 27, 2026 · Accession 0001193125-26-170529 · Responded

Responds to staff letter of 2026-04-13.

Non-GAAP: Equal ProminenceNon-GAAP: Reconciliation & UsefulnessEarnings per Share (ASC 260)

2026-04-13 · Form 10-K for the year ended December 31, 2025 Filed on February 27, 2026 Form 8-K filed on February 27, 2026 · Comment 1 · Unaudited Selected Statistical and Financial Data, page 2 Responded
Staff comment: We note your presentation of Adjusted FFO Attributable to Common Stockholders per Diluted share here and as part of your 2026 Outlook. In future periodic filings, please present with equal or greater prominence the most directly comparable measure calculated in accordance with GAAP for this non-GAAP financial measure. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10(a) of the Division's Corporation Finance Interpretations on Non-GAAP Financial Measures. letter →
Company response: * * * * * response letter →
Non-GAAP: Equal ProminenceNon-GAAP: Reconciliation & UsefulnessEarnings per Share (ASC 260)

Full letter on EDGAR → · Filing index · All Sunstone Hotel Investors, Inc. (SHO, SHO-PH, SHO-PI) correspondence

Non-GAAP: Equal Prominence – what to check: In earnings releases and MD&A, present the GAAP measure first and with at least equal emphasis, including headlines, bullets and tables.

Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.

Earnings per Share (ASC 260) – what to check:

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