Welcome to our dedicated page for Sunstone Hotel Inv news (Ticker: SHO), a resource for investors and traders seeking the latest updates and insights on Sunstone Hotel Inv stock.
Sunstone Hotel Investors Inc. (NYSE: SHO) is a leading lodging real estate investment trust specializing in premium urban and resort hotels. This page provides investors with official press releases, financial disclosures, and strategic updates directly from the company.
Access timely announcements covering earnings reports, property acquisitions, renovation progress, and leadership developments. Our curated collection ensures you stay informed about SHO's capital recycling strategy, brand partnerships with operators like Marriott and Hyatt, and market expansion efforts.
Key updates include quarterly performance metrics, dividend declarations, sustainability initiatives, and portfolio optimization moves. Bookmark this page for verified information on SHO's luxury hotel operations across California, Florida, Hawaii, and other high-demand markets.
Sunstone Hotel Investors, trading under the symbol SHO, announced it will release its financial results for the first quarter of 2023 on May 5, 2023, prior to market opening. Management will host a conference call at 12:00 p.m. Eastern Time on the same day. A live webcast will be available on the Company's website, with a replay accessible later. Sunstone is a lodging REIT focused on creating long-term stakeholder value through strategic acquisitions and management of hotels.
Sunstone Hotel Investors (NYSE: SHO) announced its Q4 and full-year 2022 results, reporting a net income of $17.5 million for Q4, down from $138.3 million in the prior year. Excluding gains from hotel sales, the company would show a loss of $14.2 million in Q4 2021. Full-year net income increased to $90.8 million from $33.0 million in 2021. RevPAR for the comparable portfolio rose by 34.2% in Q4 and 73.2% for the year. The company also repurchased $119.2 million in stock since early 2022 and declared a cash dividend of $0.05 per share for 2023.
Sunstone Hotel Investors (NYSE: SHO) announced its upcoming financial results for the fourth quarter and full year of 2022, scheduled for February 22, 2023, before market opening. The management will host a conference call at 11:00 a.m. Eastern Time on the same day. Investors can access the live webcast through the company's Investor Relations website or listen via phone by calling 1-888-330-3573 with Conference ID 4831656. Sunstone focuses on acquiring and managing long-term relevant real estate within the lodging sector, striving to enhance stakeholder value.
Sunstone Hotel Investors (NYSE: SHO) announced the tax treatment for 2022 distributions to holders of common and preferred stock. The total distribution per share for common stock was $0.050000, paid on October 17, 2022, and January 17, 2023. For Series H Preferred, the distribution was $0.382813 per share payable on April 18, July 15, October 17, and January 17, 2023. Series I Preferred also had a distribution of $0.356250 per share, with similar payment dates. Shareholders are encouraged to consult with tax advisors regarding their specific tax treatment of these distributions.
Sunstone Hotel Investors (NYSE: SHO) reported a third-quarter net income of $20.5 million, recovering from a $22.1 million net loss in 2021. RevPAR for comparable hotels surged 49% to $207.18, with an occupancy rate of 72%. Adjusted EBITDAre rose 80.6% to $63.8 million, while Adjusted FFO per diluted share increased by 118.2% to $0.24. The company repurchased $20 million in stock and plans to continue returning capital to shareholders via dividends and repurchases. Strong operational trends persisted into October, signaling a positive outlook for the hospitality sector.
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