Sunstone Hotel Investors (SHO) Reports In-Line Q3 EPS, Revenues Beat
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Sunstone Hotel Investors Reports Results For Third Quarter 2019
November 4, 2019 4:15 PM ESTIRVINE, Calif., Nov. 4, 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 third quarter ended September 30, 2019.
Third Quarter 2019 Operational Results (as compared to Third Quarter 2018):
Net income decreased 63.4% to $33.5 million. Excluding the effect of the four hotels sold during the third and fourth quarters of 2018, net income would have decreased 12.0%. Income attributable to common stockholders per diluted common share decreased 68.4% to $0.12. Excluding the effect of... More