Sunstone Hotel Investors (SHO) Tops Q1 FFO by 2c
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Sunstone Hotel Investors Reports Results For First Quarter 2019
May 6, 2019 4:11 PM EDTIRVINE, Calif., May 6, 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 first quarter ended March 31, 2019.
First Quarter 2019 Operational Results (as compared to First Quarter 2018):
Net income decreased 53.4% to $17.9 million. Excluding the effect of the gain on the two hotels sold during the first quarter of 2018, net income would have decreased 21.4%. Income attributable to common stockholders per diluted common share decreased 60.0% to $0.06.... More