Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2024 Earnings Conference Call November 12, 2024 12:00 PM ET Company Participants Aaron Reyes – Chief Financial Officer Bryan Giglia – Chief Executive Officer Robert Springer – President and Chief Investment Officer Conference Call Participants Michael Bellisario – Baird Dori Kesten – Wells Fargo Keegan Carl – Wolfe Research Smedes Rose – Citi Duane Pfennigwerth – Evercore ISI David Katz – Jefferies Chris Darling – Green Street Stephen Grambling – Morgan Stanley C ...

Supplemental Financial Information For the quarter ended September 30, 2024 November 12, 2024 Corporate Profile And Disclosures Regarding Non-GAAP Financial Measures 2 Comparable Corporate Financial Information 6 Capitalization 12 Property-Level Data And Operating Statistics 15 Property-Level Revenues, Adjusted EBITDAre & Adjusted EBITDAre Margins 20 Supplemental Financial Information November 12, 2024 Table of Contents Supplemental Financial Information November 12, 2024 CORPORATE PROFILE AND DISCLOSURES R ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.01 par value SHO New York Stock Exchange Series H Cumulative Redeemable Preferred Stock, $0.01 par value SHO.PRH New York Stock Exchange Series I Cumulative Redeemable Preferred Stock, $0.01 par value SHO.PRI New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PUR ...

Sunstone Hotel Investors (SHO) reported $226.39 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.6%. EPS of $0.18 for the same period compares to $0.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $222.92 million, representing a surprise of +1.56%. The company delivered an EPS surprise of -10.00%, with the consensus EPS estimate being $0.20.While investors scrutinize revenue and earnings changes year-over-year and how they com ...

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.18 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -10%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.27 per share when it actually produced FFO of $0.28, delivering a surprise of 3.70%.Over the l ...

Exhibit 99.1 SUNSTONE HOTEL INVESTORS PROVIDES OPERATIONS UPDATE Aliso Viejo, Calif. (October 10, 2024) – Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today provided an update on recent operating activity for the third quarter and the estimated resulting impact on its previously provided full-year 2024 outlook. Operations Update The Company's operations for July and August 2024 were consistent with its prior expectations and reflect continued strength in group activity, an accele ...

Refinances Only 2024 MaturityALISO VIEJO, Calif., Nov. 12, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter ended September 30, 2024.Third Quarter 2024 Operational Results (as compared to Third Quarter 2023): Net Income: Net income was $3.2 million as compared to $15.6 million. Comparable RevPAR: Comparable RevPAR decreased 1.3% to $207.56. The average daily rate was $301.69 and occupancy was 68.8%. Excluding The Conf ...

Wall Street analysts forecast that Sunstone Hotel Investors (SHO) will report quarterly earnings of $0.20 per share in its upcoming release, pointing to a year-over-year decline of 13%. It is anticipated that revenues will amount to $222.92 million, exhibiting a decline of 10% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconside ...

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ALISO VIEJO, Calif., Oct. 10, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today provided an update on recent operating activity for the third quarter and the estimated resulting impact on its previously provided full-year 2024 outlook. Operations Update The Company's operations for July and August 2024 were consistent with its prior expectations and reflect continued strength in group activity, an acceleration in business travel and an anticipated market-wid ...