secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001558370-24-006696
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunstone Hotel Q1 net income $13M, RevPAR down 5.1%; acquires Hyatt Regency San Antonio, raises dividend
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- Net income $13.0M vs $21.1M YoY; Adjusted FFO per diluted share $0.18, down 14.3%.
- Comparable RevPAR fell 5.1% to $223.06; ADR $325.16, occupancy 68.6%.
- Adjusted EBITDAre decreased 9.2% to $54.5M.
- Acquired Hyatt Regency San Antonio Riverwalk; increased quarterly dividend (amount not disclosed).
- Annual meeting: all directors elected; director Pasquale received 38M against votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837024006696/0001558370-24-006696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837024006696/sho-20240503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006696

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