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Sep 30, 2021
Sunstone Q3 2021 Earnings Report
Sunstone's financial performance meaningfully exceeded expectations, driven by strong leisure demand and recovery across all primary segments.
Key Takeaways
Sunstone Hotel Investors reported a net loss of $22.1 million for the third quarter of 2021, a significant improvement compared to the $91.1 million loss in the same period of 2020. The company's RevPAR for the 16 Hotel Portfolio increased by 633.4% to $136.12. Adjusted EBITDAre increased by 197.7% to $35.4 million, and Adjusted FFO per diluted share increased by 138.5% to $0.10.
Net loss was $22.1 million compared to $91.1 million in the same quarter of the previous year.
16 Hotel Portfolio RevPAR increased 633.4% to $136.12.
Adjusted EBITDAre increased 197.7% to $35.4 million.
Adjusted FFO attributable to common stockholders per diluted share increased 138.5% to $0.10.