SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2024
Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares (SHO)
Last sunstone hotel investors, inc. sunstone hotel investors, inc. common shares earnings: 2/18 04:15 pm
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sunstonehotels.com
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Source: PR Newswire
ALISO VIEJO, Calif., Aug. 7, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2024.Second Quarter 2024 Operational Results (as compared to Second Quarter 2023):Net Income: Net income was $26.1 million as compared to $43.1 million.Comparable RevPAR: Comparable RevPAR decreased 2.0% to $232.59. The average daily rate was $322.60 and occupancy was 72.1%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR increased 0.4%. Excluding The Confidante Miami Beach and the Marriott Long Beach Downtown, which was also under renovation in the second quarter of 2024, RevPAR increased 2.1%.Adjusted EBITDAre: Adjusted EBITDAre decreased 13.6% to $73.5 million.Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 15.2% to $0.28.Information regarding the non-GAAP financial measures disclosed in this release is provided below in "
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News
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was upgraded by analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating. They now have a $10.50 price target on the stock.MarketBeat
- Sunstone Hotel Investors, Inc. 5.70% CUM PFD I declares $0.3562 dividend [Seeking Alpha]Seeking Alpha
- Sunstone Hotel (SHO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Sunstone Hotel Investors (SHO) Beats Q2 FFO Estimates [Yahoo! Finance]Yahoo! Finance
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
SHO
Earnings
- 8/7/24 - Beat
SHO
Sec Filings
- 8/7/24 - Form 10-Q
- 8/7/24 - Form 8-K
- SHO's page on the SEC website