Sunstone Q2 net income $43.1M, RevPAR +3.6%, raises dividend

Sunstone Hotel Investors, Inc.

2023-Q2 EPS reported $0.27 revenue$519,555,000

Net income $43.1M vs $37.7M in Q2 2022; diluted EPS not stated.
Comparable RevPAR up 3.6% to $245.91; urban/group hotels RevPAR up 10.7%.
Adjusted EBITDAre $85.1M (+15.0%); Adjusted FFO per share $0.33 (+10.0%).
Quarterly dividend increased (specific amount not disclosed in filing).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sunstone Hotel Investors, Inc. reported the second quarter ended June 30, 2023 results: net income $43.1 million.

Period: the second quarter ended June 30, 2023
Net income: $43.1 million
Result: reported results

Exact text from the filing

On August 4, 2023, Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the second quarter ended June 30, 2023.

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Sunstone Hotel Investors, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-013305

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