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Sunstone Hotel Investors Inc Reaffirms Q4 2013 RevPAR Guidance; Raises FY 2013 RevPAR Guidance; Reaffirms Q4, FY 2013 EBITDA And Net Income Guidance; Lowers Q4, FY 2013 FFO Guidance


Monday, 11 Nov 2013 04:30pm EST 

Sunstone Hotel Investors, Inc. announced that for the fourth quarter of 2013, it expects comparable Hotel RevPAR of +3.0% - 4.0%, net income of $6-$10 million, adjusted EBITDA of $59- $63 million, adjusted FFO per diluted share of $0.21-$0.23. For fiscal 2013, it expects comparable Hotel RevPAR of +3.5%-5.5%, net income of $73 - $77 million, adjusted EBITDA of $238 - $242 million and adjusted FFO per diluted share of $0.90-$0.93. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $10 million for the fourth quarter of 2013. 

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