Sunstone Hotel Investors (SHO) Tops Q1 FFO by 1c

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Sunstone Hotel Investors Reports Results For First Quarter 2016

May 2, 2016 5:10 PM EDT

ALISO VIEJO, Calif., May 2, 2016 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the first quarter ended March 31, 2016.

First Quarter 2016 Operational Results (as compared to First Quarter 2015):

Comparable Hotel RevPAR increased 1.5% to $143.67. Comparable Hotel Adjusted EBITDA Margin, excluding prior year property taxes and fees decreased 120 basis points to 24.7%. Excluding the impact related to the end of the ground lease abatement at the Hilton San Diego Bayfront, Comparable Hotel Adjusted EBITDA Margin, excluding prior year property taxes and fees would have... More