Sunstone Q1 net income $15.1M vs loss of $55.3M; RevPAR up 207.7%

Sunstone Hotel Investors, Inc.

2023-Q1 EPS reported $0.05 revenue$172,315,000

Net income of $15.1M compared to net loss of $55.3M in Q1 2021; Adjusted EBITDAre up 285.3% to $27.2M.
12 Hotel Portfolio RevPAR $148.65 (+207.7% YoY) on ADR $279.95 and occupancy 53.1%.
14 Hotel Portfolio RevPAR $159.76; ADR $301.44, occupancy 53.0%.
Adjusted FFO per diluted share $0.08, up 166.7% YoY; FFO calculation changed to exclude deferred stock comp amortization.

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