Sunstone Hotel Investors (SHO) Tops Q2 EPS by 1c
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Sunstone Hotel Investors Reports Results For Second Quarter 2015
August 6, 2015 4:11 PM EDTALISO VIEJO, Calif., Aug. 6, 2015 /PRNewswire/ --Â Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2015.
Second Quarter 2015 Operational Results (as compared to Second Quarter 2014):
Comparable Hotel RevPAR, including adoption of the industry's Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition ("USALI Eleventh Revised Edition"), which became effective January 1, 2015, increased 7.1% to $184.05. Comparable Hotel Adjusted EBITDA Margin, including USALI Eleventh Revised Edition adoption and excluding non-current year property taxes, net increased 160 basis points to 34.9%. Adjusted EBITDA... More