Sunstone Hotel Investors (SHO) Tops Q4 EPS by 21c, Revenues Beat
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Sunstone Hotel Investors Reports Results For Fourth Quarter And Full Year 2018
February 12, 2019 4:10 PM ESTIRVINE, Calif., Feb. 12, 2019 /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 fourth quarter and year ended December 31, 2018.
Fourth Quarter 2018 Operational Results (as compared to Fourth Quarter 2017):
Net income increased 276.0% to $77.8 million. Excluding the effect of the gain on the three hotels sold during the fourth quarter of 2018, net income would have increased 43.0%. Income attributable to common stockholders per diluted common share increased 357.1%... More