Sunstone Q3 net income $15.6M vs $20.5M YoY; RevPAR flat at $222.54

Sunstone Hotel Investors, Inc.

2023-Q3 EPS reported $0.33 revenue$767,255,000

Net income $15.6M, down from $20.5M in prior year.
Comparable RevPAR $222.54, unchanged YoY; ADR $305.69, occupancy 72.8%.
Urban/convention hotel RevPAR increased 7.4% YoY.
Adjusted EBITDAre $63.7M, down 0.2% from prior year.
Adjusted FFO $0.23 per diluted share, down 4.2%.

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 0.9

Sunstone Hotel Investors, Inc. reported the third quarter ended September 30, 2023 results: net income Net income was $15.6 million, EPS $0.23 per diluted share.

Period: the third quarter ended September 30, 2023
Net income: Net income was $15.6 million
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

On November 7, 2023, Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the third quarter ended September 30, 2023.

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Sunstone Hotel Investors, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-017863

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