PR Newswire
ALISO VIEJO, Calif., Oct. 30, 2017
ALISO VIEJO, Calif., Oct. 30, 2017 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter ended September 30, 2017.
Third Quarter 2017 Operational Results (as compared to Third Quarter 2016):
John Arabia, President and Chief Executive Officer, stated, "We are pleased with the performance of our portfolio in the third quarter, which exceeded our expectations despite short-term disruption from the recent hurricanes. Our repositioned hotels in Boston and Wailea continue to gain market share and deliver sizable growth. Furthermore, better-than-expected results from several of our hotels, including those in New York City, San Francisco and Portland, combined with incremental ancillary revenue, resulted in higher-than-anticipated quarterly profits. We have effectively maintained our full-year guidance as the stronger-than-anticipated financial results produced in the third quarter are expected to offset the short-term profit loss stemming from the recent hurricanes."
UNAUDITED SELECTED STATISTICAL AND FINANCIAL DATA | |||||||||||||||||
($ in millions, except RevPAR, ADR and per share amounts) | |||||||||||||||||
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| Three Months Ended September 30, | | | Nine Months Ended September 30, | |||||||||||||
| 2017 | | 2016 | | Change | | | 2017 | | 2016 | | Change | | ||||
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Net Income | $ | 17.1 | | $ | 39.4 | | (56.7) | % | | $ | 132.3 | | $ | 106.4 | | 24.4 | % |
Income Attributable to Common Stockholders per Diluted Share | $ | 0.05 | | $ | 0.16 | | (68.8) | % | | $ | 0.52 | | $ | 0.41 | | 26.8 | % |
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26 Hotel Comparable Portfolio RevPAR Growth (1) | $ | 179.10 | | $ | 175.66 | | 2.0 | % | | $ | 174.94 | | $ | 169.43 | | 3.3 | % |
27 Hotel Pro Forma Portfolio RevPAR (2) | $ | 178.23 | | | | | | | | $ | 174.89 | | | | | | |
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26 Hotel Comparable Portfolio Occupancy (1) | | 85.6 | % | | 86.0 | % | (40) | bps | | | 83.4 | % | | 83.7 | % | (30) | bps |
26 Hotel Comparable Portfolio ADR (1) | $ | 209.23 | | $ | 204.26 | | 2.4 | % | | $ | 209.76 | | $ | 202.43 | | 3.6 | % |
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26 Hotel Comparable Portfolio Adjusted EBITDA Margin (1) (3) | | 31.3 | % | | 31.8 | % | (50) | bps | | | 31.2 | % | | 30.6 | % | 60 | bps |
27 Hotel Pro Forma Portfolio Adjusted EBITDA Margin (2) (3) | | 31.2 Werbung Mehr Nachrichten zur Sunstone Hotel Aktie kostenlos abonnieren
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