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 ...

ALISO VIEJO, Calif., Sept. 30, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the third quarter 2024 on Tuesday, November 12, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A ...

For the quarter ended June 2024, Sunstone Hotel Investors (SHO) reported revenue of $247.48 million, down 10.4% over the same period last year. EPS came in at $0.28, compared to $0.19 in the year-ago quarter. The reported revenue represents a surprise of -3.01% over the Zacks Consensus Estimate of $255.15 million. With the consensus EPS estimate being $0.27, the EPS surprise was +3.70%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.70%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.18, delivering a surprise of 12.50%. Over t ...

ALISO VIEJO, Calif., Aug. 7, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational Results (as compared to Second Quarter 2023): Net Income: Net income was $26.1 million as compared to $43.1 million. Comparable RevPAR: Comparable RevPAR decreased 2.0% to $232.59. The average daily rate was $322.60 and occupancy was 72.1%. Excluding The Confidante Miami Beach as it trans ...

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Sunstone Hotel Investors (SHO) and Gaming and Leisure Properties (GLPI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Sunstone Hotel Investors and Gaming and Leisure Properties are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that SHO's earnings estimate revision activity has been more impressive, so in ...

ALISO VIEJO, Calif., June 24, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the second quarter 2024 on Wednesday, August 7, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A t ...

Art Wager/iStock Unreleased via Getty Images Introduction As I have dedicated a portion of my investment portfolio to fixed income, I am still looking for additional exposure to preferred equity. As the interest rates on the financial markets will move down, the price of fixed rate preferred shares will go up (assuming the creditworthiness of the issuer remains unchanged). I sold my preferred shares in Sunstone Hotel Investors, Inc. (NYSE:SHO) a few months ago on a temporary price spike, but I am wondering ...

Wall Street has a timeless piece of investment wisdom to "buy low, sell high," which is particularly relevant in today's volatile market environment. Despite the recent surge in the main equity indices, not all stocks have participated in the rally, presenting a unique opportunity for savvy investors. That brings us to the topic of our discussion today: Stocks to buy on the dip. Amid the broad market rally, several stocks have lagged, missing out on the notable ascents enjoyed by many shares and exchange-tr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32319 Sunstone Hotel Investors, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 20-1296886 (State or ...