Sunstone Hotel Investors Q1 Bests Estimates

Sunstone Hotel Investors’ (SHO) adjusted funds from operations (FFO) fell to $0.20 per share in Q1 from $0.24 per share a year earlier, but still ahead of analysts’ expectations of $0.19 in a Capital IQ poll.

Revenue fell to $271.45 million from $280.74 million a year ago, also exceeding the $263.09 million estimate.

The company expects adjusted FFO of $0.34 to $0.36 per share for Q2, and $1.07 to $1.16 for full year 2018, from
$1.04 to $1.15 previously. The Street view is $0.36 per share in FFO for Q2 and $1.13 per share for the year.

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