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Sunstone Hotel Investors Inc (SHO.N)

SHO.N on New York Stock Exchange

14.74USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sunstone Hotel Investors files for potential stock shelf
Friday, 24 Feb 2017 04:44pm EST 

Sunstone Hotel Investors Inc :Files for potential stock shelf; size not disclosed.  Full Article

Sunstone Hotel Investors reports Q4 adjusted FFO per share $0.29
Tuesday, 21 Feb 2017 04:20pm EST 

Sunstone Hotel Investors Inc : Sunstone hotel investors reports results for fourth quarter and full year 2016 . Q4 adjusted FFO per share $0.29 . Qtrly comparable portfolio hotel REVPAR increased 0.4 pct to $153.33. . Qtrly total portfolio hotel revpar increased 1.6 pct to $155.34. . Sees Q1 adjusted FFO attributable to common stockholders per diluted share $0.19 to $0.21 . Sees 2017 AFFO per share$1.09 to $1.19 . Sees Q1 total portfolio hotel revpar growth + 2.5 pct to + 4.5 pct . Sees 2017 total portfolio hotel revpar growth + 0.5 pct to + 3.5 pct . Q4 FFO per share view $0.25 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.21 -- Thomson Reuters I/B/E/S .FY2017 FFO per share view $1.22 -- Thomson Reuters I/B/E/S.  Full Article

Daiwa Asset Management reports 7.2 pct passive stake in Sunstone Hotel Investors
Tuesday, 7 Feb 2017 09:24am EST 

Sunstone Hotel Investors Inc :Daiwa Asset Management Co. Ltd reports a 7.2 percent passive stake in Sunstone Hotel Investors inc as of December 31, 2016 -sec filing.  Full Article

Sunstone Hotel reports Q2 adj FFO per share $0.39
Monday, 8 Aug 2016 04:30pm EDT 

Sunstone Hotel Investors Inc : Sunstone Hotel Investors reports results for second quarter 2016 . Q2 adjusted FFO per share $0.39 . Sees Q3 adjusted FFO attributable to common stockholders per diluted share $0.31 to $0.32 .Sees FY adjusted FFO attributable to common stockholders per diluted share $1.19 to $1.28.  Full Article

Sunstone Hotel investors sell leasehold interest in the 203-room Sheraton Cerritos for $42.0 million
Wednesday, 11 May 2016 07:06am EDT 

Sunstone Hotel Investors Sells The Leasehold Interest In The 203 : Transaction resulted in an estimated net book gain of approximately $17.5 million to $18.5 million . Deal is expected to increase 2016 taxable income by approximately $16.0 million to $17.0 million . Sale is expected to reduce full year 2016 adjusted ebitda,adjusted ffo attributable to common stockholders by about $2.9 million . Sale is expected to reduce company's full year 2016 net income by approximately $1.9 million .Room sheraton cerritos for $42.0 million.  Full Article

Sunstone Hotel Investors sells its leasehold interest in the 468-room doubletree guest suites times square for a gross sale price of $540 million and declares fourth quarter dividend
Friday, 18 Dec 2015 04:15pm EST 

Sunstone Hotel Investors:Sells its leasehold interest in the 468-room doubletree guest suites times square for a gross sale price of $540 million.Says declares fourth quarter dividend of $1.26 per share to common stockholders to be paid on or before January 29, 2016, to stockholders of record date on December 31.Says contractual gross sale price of $540.0 million.Sale of interests in doubletree guest suites is expected to reduce Q4 and FY adjusted EBITDA by approximately $2.3 million.To reduce fourth quarter and full year 2015 adjusted FFO by about $2 million ,net income by approximately $1.6 million.Sale of company's interests in the doubletree expected to reduce Q4 and full year 2015 adjusted FFO, net income.  Full Article

Sunstone Hotel Investors sells BuyEfficient to Avendra, LLC
Wednesday, 30 Sep 2015 04:20pm EDT 

Sunstone Hotel Investors:Says it has sold BuyEfficient, the premier online purchasing portal dedicated to serving the hospitality industry, to Avendra, LLC.  Full Article

Sunstone Hotel Investors Inc gives Q3 2015 comparable hotel RevPAR guidance; gives Q3 2015 earnings guidance below analysts' estimates
Thursday, 6 Aug 2015 04:11pm EDT 

Sunstone Hotel Investors Inc:Expects Q3 2015 comparable hotel RevPAR Growth in the range of +3.0% - 4.0%.Expects Q3 2015 net income in the range of $33 - $37 mln.Expects Q3 2015 adjusted EBITDA in the range of $90 - $94 mln.Expects Q3 2015 adjusted FFO available to common stockholders per diluted share in the range of $0.34 - $0.35.Q3 2015 net income of $39 mln, EBITDA of $98 mln and FFO of $0.38 - Thomson Reuters I/B/E/S.  Full Article

Sunstone Hotel Investors Inc declares dividends
Thursday, 6 Aug 2015 04:11pm EDT 

Sunstone Hotel Investors Inc:Declares a cash dividend of $0.05 per share of common stock, as well as a cash dividend of $0.50 per share payable to its Series D cumulative redeemable preferred stockholders.Says the dividends will be paid on Oct. 15, to common and preferred stockholders of record as of Sep. 30.  Full Article

Sunstone Hotel Investors Inc appoints Douglas M. Pasquale as non-executive chairman-Form 8-K
Wednesday, 6 May 2015 05:05pm EDT 

Sunstone Hotel Investors Inc:Says on May 1 it has appointed Douglas M. Pasquale to succeed Keith M. Locker as Non-Executive Chairman of the board.  Full Article

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BRIEF-Sunstone Hotel Investors files for potential stock shelf

* Files for potential stock shelf; size not disclosed Source text:(http://bit.ly/2kV8ID3) Further company coverage: