SHARPE
Reported results
- GAAP net loss was ($54.6) million.
- Same-Property Hotel EBITDA (non-GAAP) was $115.2 million.
- Adjusted EBITDA re (non-GAAP) was $107.9 million.
- Adjusted FFO per diluted share (non-GAAP) was $0.63.
- Free Cash Flow (non-GAAP) was $55.6 million.
Guidance
- Full year 2026 expected GAAP net loss is ($60.5) to ($56.5) million.
- Full year 2026 expected Adjusted EBITDA re (non-GAAP) is $363.3 to $367.3 million.
- Full year 2026 expected Adjusted FFO per diluted share (non-GAAP) is $1.88 to $1.92.
- Q4 2026 expected GAAP net loss is ($12.5) to ($8.5) million.
- Q4 2026 expected Adjusted EBITDA re (non-GAAP) is $66.0 to $70.0 million.
Notes
Recorded $77.3 million of non-cash impairment charges in the third quarter of 2026.
Price and volatility reaction
The stock moved -0.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 21.72 | 2026-10-29 |
| Close after release | 21.54 | 2026-10-30 |
| Realised move | -0.8% | close to close |
| 30d ATM IV change | -3.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.