SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2024 [Yahoo! Finance]
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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Source: Yahoo! Finance
May 6, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the first quarter ended March 31, 2024 First Quarter 2024 Operational Results (as compared to First Quarter 2023): Net Income: Net income was $13.0 million as compared to $21.1 million Comparable RevPAR: Comparable RevPAR decreased 5.1% to . The average daily rate was and occupancy was 68.6%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR decreased 0.7%. Adjusted EBITDA re Adjusted EBITDA re decreased 9.2% to $54.5 million Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 14.3% to Information regarding the non-GAAP financial measures disclosed in this release is provided below in "Non-GAAP Financial Measures." Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release. Bryan A
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- Sunstone Hotel Investors, Inc. (NYSE: SHO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Sunstone Hotel Investors, Inc. (NYSE: SHO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was upgraded by analysts at Compass Point from a "sell" rating to a "neutral" rating. They now have a $12.00 price target on the stock, up previously from $10.00.MarketBeat
- Sunstone Hotel (SHO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
SHO
Earnings
- 5/6/24 - In-Line
SHO
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- SHO's page on the SEC website