Sunstone Hotel Investors (SHO) Reports Q1 Revenues Miss

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Go back to Sunstone Hotel Investors (SHO) Reports Q1 Revenues Miss

Sunstone Hotel Investors Reports Results For First Quarter 2020

May 8, 2020 8:00 AM EDT

IRVINE, Calif., May 8, 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 first quarter ended March 31, 2020.

First Quarter 2020 Operational Results (as compared to First Quarter 2019):

Net (Loss) Income: Net loss was $162.5 million as compared to net income of $17.9 million in the first quarter of 2019. Excluding the impairment loss recognized during the first quarter of 2020, net loss would have been $47.2 million. 20 Hotel Portfolio RevPAR: 20 Hotel Portfolio RevPAR decreased 25.7%... More