Sunstone Hotel Investors (SHO) Tops Q2 EPS by 2c, Revenues Beat
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Sunstone Hotel Investors Reports Results For Second Quarter 2019
August 1, 2019 4:11 PM EDTIRVINE, Calif., Aug. 1, 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 second quarter ended June 30, 2019.
Second Quarter 2019 Operational Results (as compared to Second Quarter 2018):
Net income decreased 10.4% to $45.9 million. Excluding the effect of the four hotels sold subsequent to the second quarter of 2018, net income would have decreased 5.2%. Income attributable to common stockholders per diluted common share decreased 10.0% to $0.18. Excluding the effect of the... More