Sunstone Hotel Investors Management

Management criteria checks 3/4

Sunstone Hotel Investors' CEO is Bryan Giglia, appointed in Mar 2022, has a tenure of 2.17 years. total yearly compensation is $4.07M, comprised of 16% salary and 84% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €5.71M. The average tenure of the management team and the board of directors is 3.3 years and 8.1 years respectively.

Key information

Bryan Giglia

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage	16.0%
CEO tenure	2.2yrs
CEO ownership	0.3%
Management average tenure	3.3yrs
Board average tenure	8.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bryan Giglia's remuneration changed compared to Sunstone Hotel Investors's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$650k	US$192m
Sep 30 2023	n/a	n/a	US$83m
Jun 30 2023	n/a	n/a	US$88m
Mar 31 2023	n/a	n/a	US$80m
Dec 31 2022	US$5m	US$591k	US$73m
Sep 30 2022	n/a	n/a	US$193m
Jun 30 2022	n/a	n/a	US$147m
Mar 31 2022	n/a	n/a	US$80m
Dec 31 2021	US$2m	US$520k	US$14m
Sep 30 2021	n/a	n/a	-US$162m
Jun 30 2021	n/a	n/a	-US$225m
Mar 31 2021	n/a	n/a	-US$309m
Dec 31 2020	US$2m	US$520k	-US$418m
Sep 30 2020	n/a	n/a	-US$336m
Jun 30 2020	n/a	n/a	-US$215m
Mar 31 2020	n/a	n/a	-US$56m
Dec 31 2019	US$3m	US$510k	US$122m
Sep 30 2019	n/a	n/a	US$154m
Jun 30 2019	n/a	n/a	US$212m
Mar 31 2019	n/a	n/a	US$217m
Dec 31 2018	US$2m	US$466k	US$237m
Sep 30 2018	n/a	n/a	US$180m
Jun 30 2018	n/a	n/a	US$99m
Mar 31 2018	n/a	n/a	US$99m
Dec 31 2017	US$2m	US$454k	US$125m

Compensation vs Market: Bryan's total compensation ($USD4.07M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Bryan's compensation has been consistent with company performance over the past year.

CEO

Bryan Giglia (47 yo)

2.2yrs

Tenure

US$4,065,496

Compensation

Mr. Bryan Albert Giglia serves as Chief Executive Officer of Sunstone Hotel Investors, Inc. since March 07, 2022. He served as the Chief Financial Officer of Sunstone Hotel Investors, Inc. since February 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bryan Giglia	Chief Executive Officer	2.2yrs	US$4.07m	0.30% $ 5.7m
Robert Springer	President & Chief Investment Officer	11.3yrs	US$3.37m	0.26% $ 5.1m
Aaron Reyes	CFO & Executive VP	2.2yrs	US$1.75m	0.043% $ 831.4k
Christopher Ostapovicz	Executive VP & COO	3.3yrs	US$1.85m	0.067% $ 1.3m
David Klein	Executive VP	7.8yrs	US$1.77m	0.088% $ 1.7m
Denise Hertle	Vice President of Corporate Accounting	no data	no data	no data

3.3yrs

Average Tenure

47yo

Average Age

Experienced Management: UF2's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Douglas Pasquale	Independent Chairman	12.5yrs	US$305.31k	0.15% $ 2.9m
Andrew Batinovich	Independent Director	12.5yrs	US$188.38k	0.057% $ 1.1m
W. Baird	Independent Director	8.1yrs	US$198.38k	0.036% $ 691.4k
Kristina Leslie	Independent Director	3.1yrs	US$198.38k	0.014% $ 266.8k
Murray McCabe	Independent Director	8.1yrs	US$178.38k	0.042% $ 814.0k
Monica Digilio	Independent Director	4.1yrs	US$198.38k	0.020% $ 384.8k
Verett Mims	Independent Director	3.1yrs	US$178.38k	0.014% $ 266.8k

8.1yrs

Average Tenure

60yo

Average Age

Experienced Board: UF2's board of directors are considered experienced (8.1 years average tenure).

Sunstone Hotel Investors Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Sunstone Hotel Investors, Inc., Annual General Meeting, May 03, 2024

Sunstone Hotel Investors, Inc. Announces Douglas Pasquale as its Executive Chairman Through September 1, 2022

Sunstone Hotel Investors, Inc. Announces Executive Changes

Key Executive recently bought €102k worth of stock

Executive VP recently sold €272k worth of stock

Recent updates

Insufficient new directors

Sunstone Hotel Investors, Inc. (NYSE:SHO) agreed to acquire Hyatt Regency San Antonio Riverwalk Hotel from Hyatt Hotels Corporation (NYSE:H) for $220 million.

Sunstone Hotel Investors, Inc. to Report Q1, 2024 Results on May 06, 2024

Sunstone Hotel Investors, Inc., Annual General Meeting, May 03, 2024

Upcoming dividend of US$0.07 per share

Fourth quarter dividend of US$0.07 announced

Full year 2023 earnings released: FFO per share: US$0.9 (vs US$0.82 in FY 2022)

Sunstone Hotel Investors, Inc. Provides Earnings Guidance for the Year Ended December 31, 2024

Upcoming dividend of US$0.13 per share at 2.6% yield

Sunstone Hotel Investors, Inc. Declares Fourth Quarter Dividend on Common Stock, Payable on January 16, 2024

Sunstone Hotel Investors Declares Additional Dividend, Payable on January 16, 2024

Sunstone Hotel Investors, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.23 in 3Q 2022)

An unknown buyer acquired RP/HH Park Plaza, Limited Partnership from Sunstone Hotel Investors, Inc. (NYSE:SHO) for approximately $370 million.

An unknown buyer acquired RP/HH Park Plaza, Limited Partnership from Sunstone Hotel Investors, Inc. (NYSE:SHO) for approximately $370 million.

Sunstone Hotel Investors, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.07 per share at 3.1% yield

Sunstone Hotel Investors, Inc. Declares Cash Dividend, Payable on October 16, 2023

Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.15 in 2Q 2022)

Sunstone Hotel Investors, Inc. to Report Q2, 2023 Results on Aug 04, 2023

Upcoming dividend of US$0.05 per share at 2.0% yield

Sunstone Hotel Investors, Inc. Declares Cash Dividend, Payable on July 17, 2023

First quarter 2023 earnings released: EPS: US$0.042 (vs US$0.047 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.34 (vs US$0.063 in FY 2021)

Sunstone Hotel Investors, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$0.05 per share

Third quarter 2022 earnings released: EPS: US$0.081 (vs US$0.14 loss in 3Q 2021)

Sunstone Hotel Investors, Inc. Declares Cash Dividend, Payable on January 17, 2023

Sunstone Hotel Investors, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Upcoming dividend of US$0.05 per share

Sunstone Hotel Investors, Inc. Announces Douglas Pasquale as its Executive Chairman Through September 1, 2022

Second quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.018 loss in 2Q 2021)

Sunstone Hotel Investors, Inc. Declares Cash Dividend on Cash Dividend on Common Stock, Payable on October 17, 2022

Sunstone Hotel Investors, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Sunstone Hotel Investors, Inc. to Report Q2, 2021 Results on Aug 03, 2022

Investor sentiment deteriorated over the past week

Sunstone Hotel Investors, Inc. (NYSE:SHO) completed the acquisition of The Confidante Miami Beach from Hyatt Hotels Corporation (NYSE:H).

Sunstone Hotel Investors, Inc. (NYSE:SHO) entered into a definitive agreement to acquire remaining 25% stake in One Park Boulevard, LLC from Park Hotels & Resorts Inc. (NYSE:PK) for approximately $160 million.

First quarter 2022 earnings released: FFO: US$171.3m per share (vs US$0.13 loss in 1Q 2021)

Sunstone Hotel Investors, Inc. (NYSE:SHO) entered into a definitive agreement to acquire The Confidante Miami Beach from Hyatt Hotels Corporation (NYSE:H) for approximately $230 million.

Sunstone Hotel Investors, Inc. (NYSE:SHO) entered into a definitive agreement to acquire The Confidante Miami Beach from Hyatt Hotels Corporation (NYSE:H) for approximately $230 million.

Sunstone Hotel Investors, Inc. to Report Q1, 2022 Results on May 04, 2022

Sunstone Hotel Investors, Inc. Announces Executive Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Sunstone Hotel Investors, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2021

Key Executive recently bought €102k worth of stock

Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.43 loss in 3Q 2020)

President, CEO & Director John Arabia has left the company

Second quarter 2021 earnings released: US$0.018 FFO loss per share (vs US$0.30 loss in 2Q 2020)

Sunstone Hotel Investors, Inc. (NYSE:SHO) agreed to acquire Hotel in West Coast for approximately $200 million.

Executive VP recently sold €272k worth of stock

First quarter 2021 earnings released: US$0.13 FFO loss per share (vs US$0.075 loss in 1Q 2020)

Independent Director has left the company

Independent Director has left the company

Sunstone Hotel Investors, Inc. (NYSE:SHO) acquired Montage Healdsburg Hotel from Ohana Real Estate Investors LLC for approximately $270 million.

Sunstone Hotel Investors, Inc. Acquires the 130-Room Montage Healdsburg Resort

Independent Director recently sold €223k worth of stock

Sunstone Hotel Investors, Inc., Annual General Meeting, Apr 29, 2021

Sunstone Hotel Investors, Inc. Announces Board Changes

Sunstone Hotel Investors Announces Executive Changes

Full year 2020 earnings released: US$0.81 FFO loss per share (vs US$1.10 profit in FY 2019)

Revenue misses expectations

New 90-day high: €9.60

New 90-day high: €9.55

Sunstone Hotel Investors, Inc. to Report Q4, 2020 Results on Feb 11, 2021

New 90-day high: €9.15

New 90-day high: €8.40

Revenue misses expectations