Sunstone Hotel Investors Reports Results for Second Quarter 2020
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Sunstone Hotel Investors (SHO) Misses Q2 EPS by 12c
August 4, 2020 8:06 AM EDTSunstone Hotel Investors (NYSE: SHO) reported Q2 EPS of ($0.55), $0.12 worse than the analyst estimate of ($0.43).
Second Quarter 2020 Operational Results (as compared to Second Quarter 2019):
Net (Loss) Income: Net loss was $117.5 million as compared to net income of $45.9 million in the second quarter of 2019. Excluding the impairment loss recognized during the second quarter of 2020, net loss would have been $99.4 million.20 Hotel Portfolio RevPAR: 20 Hotel Portfolio RevPAR decreased 98.1% to $3.99.20 Hotel Portfolio Adjusted EBITDAre Margin: 20 Hotel Portfolio Adjusted EBITDAre Margin, excluding prior year property tax adjustments, net decreased 58,280 basis points to (548.5)%.Adjusted... More