Sunstone Hotel Investors (SHO) Tops Q2 EPS by 1c; updates FY outlook

Sunstone Hotel Investors (NYSE: SHO) reported Q2 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $247.48 million versus the consensus estimate of $248.12 million.

OUTLOOK

The Company\'s updated full year guidance is impacted by a slower than anticipated recovery in Maui, primarily during the third quarter, and the completion of the renovation work at the recently converted Marriott Long Beach Downtown, which impacted results in the second quarter and extended into the start of the third quarter.

Adjusted FFO Attributable to Common Stockholders: $173 to $183 million

Adjusted FFO Attributable to Common Stockholders per Diluted Share: $0.85 to $0.90

For earnings history and earnings-related data on Sunstone Hotel Investors (SHO) click here.

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