Sunstone Hotel Investors (SHO) Tops Q2 EPS by 2c
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Sunstone Hotel Investors Reports Results For Second Quarter 2016
August 8, 2016 4:30 PM EDTALISO VIEJO, Calif., Aug. 8, 2016 /PRNewswire/ --Â Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2016.
Second Quarter 2016 Operational Results (as compared to Second Quarter 2015):
Net income increased 22.5% to $65.7 million. Income attributable to common stockholders per diluted share increased 13.0% to $0.26. Comparable Hotel RevPAR increased 1.3% to $179.65. Comparable Hotel Adjusted EBITDA Margin, excluding prior year property taxes, net decreased 70 basis points to 34.2%. Excluding the impact related to the end of the ground lease... More