Aliso Viejo-based Sunstone Hotel Investors Inc. is raising its 2026 outlook based on the company’s “outperformance” in second quarter revenue and profitability. The average daily rate was $339.71 and occupancy was 77.6% for the period ended June 30 (NYSE: SHO). Sunstone reported net income of $26 million, or 14 cents per diluted share, in the second quarter, compared to $6.8 million, or three cents per diluted share, a year ago. Sunstone raised its guidance for annual net income from between $34 million and $48 million, or 11 cents to 18 cents per share, to a range between $68 million to $82 million, or 29 cents to 36 cents. Shares of the REIT were down 3.3% to $11.29 apiece and a $2.1 billion market cap during midday trading following the report.