earnings
confidence high
sentiment positive
materiality 0.70
Sunstone Hotel Q4 net income $17.5M; RevPAR up 34.2%; Adjusted FFO $0.26 per share
Sunstone Hotel Investors, Inc.
2022-FY EPS reported
$0.34
revenue$912,053,000
- Q4 net income $17.5M; Q4 2021 net income of $138.3M included gains on hotel sales.
- Comparable Portfolio RevPAR increased 34.2% to $193.59; ADR $286.37, occupancy 67.6%.
- Adjusted EBITDAre increased 120.6% to $68.8M; Adjusted FFO per diluted share $0.26 (up 188.9%).
- Full year 2022 net income $90.8M (vs $33.0M in 2021); Comparable Portfolio RevPAR up 73.2% to $194.31.
- Completed nearly $700M of transaction activity in 2022; returned capital via share repurchases and dividends.