Sunstone Hotel Investors Reports Results For First Quarter 2021
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Sunstone Hotel Investors (SHO) Tops Q1 EPS by 5c, Revenues Beat
May 3, 2021 4:45 PM EDTSunstone Hotel Investors (NYSE: SHO) reported Q1 EPS of ($0.26), $0.05 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $50.63 million versus the consensus estimate of $47.82 million.
First Quarter 2021 Operational Results (as compared to First Quarter 2020):
Resumption of Hotel Operations: 15 of the Company's 17 hotels were in operation for the entirety of the first quarter 2021.Net Loss: Net loss was $55.3 million as compared to $162.5 million.17 Hotel Portfolio RevPAR: 17 Hotel Portfolio RevPAR decreased 69.5% to $42.19.Adjusted EBITDAre: Adjusted EBITDAre, excluding noncontrolling interest decreased 203.7% to $(14.7) million.Adjusted FFO: Adjusted FFO... More