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Stock impact report

Sunstone Hotel Investors Reports Results For Second Quarter 2018

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 Check Earnings Report
US:NYSE Investor Relations: sunstonehotels.com
Company Research Source: PR Newswire
ALISO VIEJO, Calif., July 30, 2018 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate in the hospitality sector, today announced results for the second quarter ended June 30, 2018.Second Quarter 2018 Operational Results (as compared to Second Quarter 2017):Net income decreased 0.3% to $51.3 million. Excluding the effect of the gain on hotel sold during the second quarter of 2017, net income would have increased by 2.1%. Income attributable to common stockholders per diluted common share decreased 4.8% to $0.20. Excluding the effect of the gain on hotel sold during the second quarter of 2017, income attributable to common stockholders per diluted common share would have been flat. 24 Hotel Comparable Portfolio RevPAR increased 2.0% to $195.85. 24 Hotel Comparable Portfolio Adjusted EBITDAre Margin, excluding prior year property tax adjustments, net decreased 60 basis points to 34.1%. Excluding the Hyatt Show less Read more
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