Sunstone Hotel Investors (SHO) Tops Q2 EPS by 1c, Slight Miss on Revenues

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Go back to Sunstone Hotel Investors (SHO) Tops Q2 EPS by 1c, Slight Miss on Revenues

Sunstone Hotel Investors Reports Results For Second Quarter 2018

July 30, 2018 4:30 PM EDT

ALISO VIEJO, Calif., July 30, 2018 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate in the hospitality sector, today announced results for the second quarter ended June 30, 2018.

Second Quarter 2018 Operational Results (as compared to Second Quarter 2017):

Net income decreased 0.3% to $51.3 million. Excluding the effect of the gain on hotel sold during the second quarter of 2017, net income would have increased by 2.1%. Income attributable to common stockholders per diluted common share decreased 4.8% to $0.20. Excluding the... More