Sunstone Hotel Investors (SHO) Reports Q2 FFO Loss of $0.01/sh

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Go back to Sunstone Hotel Investors (SHO) Reports Q2 FFO Loss of $0.01/sh

Sunstone Hotel Investors Reports Results For Second Quarter 2021

August 3, 2021 4:30 PM EDT

IRVINE, Calif., Aug. 3, 2021 /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, 2021.

Second Quarter 2021 Operational Results (as compared to Second Quarter 2020):

Net Loss: Net loss was $27.9 million as compared to $117.5 million. 17 Hotel Portfolio RevPAR: RevPAR at the comparable 17 hotels the Company owned during both 2021 and 2020 (the "17 Hotel Portfolio") increased 3,182.2% to $95.84. The average daily rate was $219.82 and occupancy... More