Sunstone Hotel Investors Inc. (SHO) reported a negative FFO of $629 thousand compared to a positive $12.9 million in the same quarter last year. FFO per share was $0.00 per share, compared to $0.11 per share in the prior-year quarter. Adjusted FFO per share for the quarter was $0.09, down from $0.12 last year.
Income available to common stockholders was $17.5 million or $0.12 per share, compared to a loss of $21.0 million or $0.18 per share in the same quarter last year.
Meanwhile, total revenues for the quarter rose to $194.92 million from $178.23 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share on revenues of $192.79 million for the quarter. Analysts' estimates typically exclude special items.
For the second quarter of 2013, the Company expects Adjusted FFO per share to be in the range of $0.29 - $0.30, while expecting to record net profit in the range of $18 million to $20 million. Analysts expect the company to report earnings of $0.31 per share for the second-quarter.
For fiscal 2013, the company raised its Adjusted FFO outlook and now expects it to range between $0.90 - $0.98 per share from its prior estimate of $0.84 to $0.92 per share. The company also lifted its net profit outlook to a range between $68 million to $82 million from its prior estimate between $40 million and $52 million. Analysts expect the company to report earnings of $0.91 per share for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.