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Jun 30, 2023
Sunstone Q2 2023 Earnings Report
Sunstone's results for the second quarter of 2023 were reported, revealing increased net income and RevPAR, with the Board of Directors raising the quarterly common dividend.
Key Takeaways
Sunstone Hotel Investors reported a net income of $43.1 million for the second quarter of 2023, compared to $37.7 million in the same period last year. Comparable RevPAR increased by 3.6% to $245.91. The company's Board of Directors has increased the quarterly common dividend to $0.07 per share.
Net income increased to $43.1 million from $37.7 million.
Comparable RevPAR rose by 3.6% to $245.91.
Adjusted EBITDAre increased by 15.0% to $85.1 million.
Adjusted FFO per diluted share increased by 10.0% to $0.33.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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