SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023
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: PR Newswire
Returned Nearly $120 Million to Common Stockholders in 2023 Through Dividends and Share RepurchasesALISO VIEJO, Calif., Feb. 23, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter 2023 Operational Results (as compared to Fourth Quarter 2022):Net Income: Net income was $127.0 million as compared to $17.5 million. Excluding the gain on the hotel sold during the quarter, fourth quarter 2023 net income would have been $3.2 million.Comparable RevPAR: Comparable RevPAR decreased 2.2% to $206.58. The average daily rate was $318.80 and occupancy was 64.8%. RevPAR at the Company's urban and convention hotels increased 3.5%.Adjusted EBITDAre: Adjusted EBITDAre, excluding noncontrolling interest decreased 20.5% to $54.6 million.Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 26.9% to $0.19.Full Year 2023 Operatio
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SHO
Earnings
- 2/23/24 - Beat
SHO
Sec Filings
- 4/11/24 - Form DEFA14A
- 3/20/24 - Form ARS
- 3/20/24 - Form DEFA14A
- SHO's page on the SEC website