Sunstone Hotel Investors (SHO) Tops Q4 EPS by 4c
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Sunstone Hotel Investors Reports Results For Fourth Quarter And Full Year 2019
February 18, 2020 4:15 PM ESTIRVINE, Calif., Feb. 18, 2020 /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, 2019.
Fourth Quarter 2019 Operational Results (as compared to Fourth Quarter 2018):
Net Income: Net income decreased 41.6% to $45.4 million. Excluding the effects of the noncash impairment loss, the one hotel sold during the fourth quarter of 2019 and the three hotels sold during the fourth quarter of 2018, net income would have decreased 1.8%. RevPAR: 20 Hotel... More