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 ...

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 ...

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 ...

As mentioned in a recent article on Summit Hotel Properties ( INN ), I'm not necessarily a major fan of hotel REITs, but some of them have pretty attractive series of preferred shares outstanding. That's He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on highquality ideas in the small-cap space, with emphasis on capital gains and dividend income for ...

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 ...

Core Insights - Sunstone Hotel Investors reported a revenue of $247.48 million for the quarter ended June 2024, reflecting a year-over-year decline of 10.4% and a surprise of -3.01% compared to the Zacks Consensus Estimate of $255.15 million [1] - The earnings per share (EPS) for the quarter was $0.28, an increase from $0.19 in the same quarter last year, resulting in an EPS surprise of +3.70% against the consensus estimate of $0.27 [1] Revenue and Earnings Metrics - Comparable Average Daily Rate (ADR) was $322.60, below the average estimate of $327.18 from two analysts [3] - Comparable Occupancy rate was 72.1%, lower than the estimated 74.5% by two analysts [4] - The number of hotels remained stable at 15, matching the average estimate [5] - The total number of rooms was 7,255, exceeding the average estimate of 6,991 [6] - Comparable Revenue per Available Room (RevPAR) was $232.59, significantly below the estimated $243.56 [7] Revenue Breakdown - Room revenues totaled $151.30 million, falling short of the five-analyst average estimate of $157.66 million, representing a year-over-year decline of 12.8% [8] - Other operating revenues were reported at $24.82 million, surpassing the average estimate of $21.97 million, with a year-over-year increase of 3.9% [9] - Food and beverage revenues reached $71.37 million, slightly above the estimated $71.03 million, but showed a year-over-year decrease of 9.5% [10] Stock Performance - Over the past month, shares of Sunstone Hotel have returned -4.8%, compared to a -5.9% change in the Zacks S&P 500 composite [11] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [11]

Financial Performance - Sunstone Hotel Investors reported quarterly funds from operations (FFO) of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.27 per share, but down from $0.33 per share a year ago, representing an FFO surprise of 3.70% [1] - The company posted revenues of $247.48 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.01%, compared to year-ago revenues of $276.11 million [2] - Over the last four quarters, the company has surpassed consensus FFO estimates four times and topped consensus revenue estimates three times [2] Market Performance - Sunstone Hotel shares have declined approximately 10% since the beginning of the year, while the S&P 500 has gained 9.9% [3] - The current consensus FFO estimate for the coming quarter is $0.22 on revenues of $252.74 million, and for the current fiscal year, it is $0.90 on revenues of $976.24 million [7] Industry Outlook - The REIT and Equity Trust - Other industry is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The estimate revisions trend for Sunstone Hotel is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6]