Sunstone Hotel Investors (SHO) Tops Q4 FFO by 2c
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Sunstone Hotel Investors Reports Results For Fourth Quarter And Full Year 2017
February 12, 2018 4:15 PM ESTALISO VIEJO, Calif., Feb. 12, 2018 /PRNewswire/ --Â Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the fourth quarter and year ended December 31, 2017.
Fourth Quarter 2017 Operational Results (as compared to Fourth Quarter 2016):
Net income decreased 39.7% to $20.7 million. Income attributable to common stockholders per diluted common share decreased 50% to $0.07. 24 Hotel Comparable Portfolio RevPAR increased 4.3% to $167.53. 24 Hotel Comparable Portfolio Adjusted EBITDA Margin, excluding prior year property tax adjustments, net increased 90 basis points to 29.6%. Excluding the Wailea Beach Resort, due to its extensive... More