secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001558370-24-001578
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Hotel Q4 Adj FFO $0.19, -26.9% YoY; FY2023 RevPAR +5.6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/0001558370-24-001578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837024001578/sho-20240223x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001578

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer