secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001558370-23-001688
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Hotel Q4 net income $17.5M; RevPAR up 34.2%; Adjusted FFO $0.26 per share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837023001688/0001558370-23-001688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837023001688/sho-20230222x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001688

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