Sunstone Hotel Investors (SHO) Misses Q2 EPS by 12c

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Go back to Sunstone Hotel Investors (SHO) Misses Q2 EPS by 12c

Sunstone Hotel Investors Reports Results for Second Quarter 2020

August 4, 2020 8:00 AM EDT

IRVINE, Calif., Aug. 4, 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 second quarter ended June 30, 2020.

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... More