earnings
confidence high
sentiment positive
materiality 0.75
Sunstone Hotel Q2 net loss narrows to $27.9M; RevPAR surges 3,182% to $95.84
Sunstone Hotel Investors, Inc.
2022-Q2 EPS reported
-$0.43
revenue$167,843,000
- Net loss of $27.9M vs $117.5M in Q2 2020; Adjusted EBITDAre up 132.6% to $15.3M.
- 17 Hotel Portfolio RevPAR increased 3,182% to $95.84; ADR $219.82, occupancy 43.6%.
- Adjusted FFO per diluted share improved 96.8% to $(0.01).
- Company says it has resumed corporate-level profitability.
- Results reflect hospitality recovery from pandemic lows.