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 lodging real estate investment trust (REIT) that regularly issues news on its hotel portfolio, financial performance and capital allocation decisions. This news page aggregates Sunstone’s press releases and third-party coverage so readers can review the latest information related to SHO stock and the company’s hotel and resort real estate holdings.
Company announcements frequently cover quarterly and annual financial results, including metrics such as RevPAR, occupancy, average daily rate, Adjusted EBITDAre and Adjusted FFO. Sunstone also uses news releases to discuss trends across its upper upscale and luxury hotels in convention, urban and resort destinations, and to comment on demand patterns in markets such as San Francisco, Washington, D.C., Boston, San Antonio, Miami Beach, Maui and New Orleans.
In addition to earnings, Sunstone’s news often highlights portfolio activity and capital allocation, such as hotel acquisitions and dispositions, major renovations and conversions, and share repurchase activity. Examples include updates on the transformation and opening of Andaz Miami Beach, the rebranding of Marriott Long Beach Downtown, the acquisition of Hyatt Regency San Antonio Riverwalk, and the sale of Hilton New Orleans St. Charles with proceeds redeployed into stock repurchases.
Readers will also find updates on Sunstone’s balance sheet and financing, including changes to its unsecured term loans and revolving credit facility under the Third Amended and Restated Credit Agreement, as well as dividend declarations on its common and preferred stock. Governance and ESG-related items, such as Board appointments and the publication of the company’s Corporate Responsibility Report, are likewise communicated through news releases. Investors and observers can use this page to follow how Sunstone describes its strategy of acquisition, active ownership and disposition of hotel and resort real estate over time.
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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.