Sunstone Hotel Investors (SHO) Reports Mixed Q2 Earnings; Guides Q3 FFO Below the Street; Adds $100M to Buyback
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Sunstone Hotel Investors Inc. (NYSE: SHO) reports Q2 FFO of $0.87, 1 cent better than the analyst estimate of $0.86. Revenues for the quarter were $255.2 million, versus the consensus of $276.55 million.
Adds $100 million to its buyback.
Sees Q3 FFO of $0.65-$0.69, versus the consensus of $0.72.
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