8-K
filed February 23, 2024, 6:59 PM ET
ticker SHO
CIK 0001295810
earnings
confidence high
sentiment neutral
materiality 0.60
Sunstone Hotel Q4 Adj FFO $0.19, -26.9% YoY; FY2023 RevPAR +5.6%
Sunstone Hotel Investors, Inc.
2023-FY EPS reported
$0.93
revenue$986,480,000
- Q4 net income $127.0M (incl. gain on sale); adj. net income $3.2M; EBITDAre $54.6M (-20.5% YoY).
- Q4 comparable RevPAR $206.58 (-2.2% YoY); urban/convention RevPAR +3.5%.
- Full year 2023 net income $206.7M; adj. net income $82.9M; EBITDAre $263.4M (+12.7% YoY).
- Full year adj. FFO per diluted share $0.95 (+9.2% YoY).
- Returned nearly $120M to common stockholders in 2023 via dividends and share repurchases.
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 year ended December 31, 2023 results: net income $206.7 million, EPS $0.95.
- Period
- year ended December 31, 2023
- Net income
- $206.7 million
- EPS
- $0.95
- Result
- reported results
Exact text from the filing
Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Sunstone Hotel Investors, Inc. reported fourth quarter ended December 31, 2023 results: net income $127.0 million, EPS $0.19.
- Period
- fourth quarter ended December 31, 2023
- Net income
- $127.0 million
- EPS
- $0.19
- Result
- reported results
Exact text from the filing
Sunstone Hotel Investors, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.
View on SEC.gov
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