earnings
confidence high
sentiment positive
materiality 0.75
Sunstone Q4 net income $138.3M vs loss; RevPAR up 421% YoY; sold Chicago hotel for $67.5M
Sunstone Hotel Investors, Inc.
2022-FY EPS reported
$0.06
revenue$509,150,000
- Q4 net income $138.3M vs net loss of $39.4M in Q4 2020; full year net income $33.0M vs loss $410.5M.
- Q4 comparable 14-hotel RevPAR $136.51 (+421.2% YoY); ADR $245.53, occupancy 55.6%.
- Q4 Adjusted EBITDAre $31.2M (+263.3%); Adjusted FFO per share $0.08 (+150.0%).
- Sold leasehold interest in Hyatt Centric Chicago Magnificent Mile (419 rooms) for $67.5M in Feb 2022.
- Full year RevPAR $105.43 (+121.4%); Adjusted EBITDAre $67.2M (+176.2%); Adjusted FFO per share $0.04 (+105.5%).