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News

Sunstone Hotel Investors Expects Q4 Adj FFO $0.14-$0.17

Author: Benzinga Newsdesk | November 07, 2023 08:43am

2023 Outlook

For the fourth quarter of 2023, the Company expects:

     

Metric ($ in millions, except per share data)

 

Quarter Ended
December 31, 2023
Guidance (1)

Net Income

 

$125  to  $130

Total Portfolio RevPAR Growth (2)

 

 - 3.0% to - 6.0%

Total Portfolio RevPAR Growth, excluding The Confidante Miami Beach (2)

 

 - 0.5% to - 3.5%

Adjusted EBITDAre

 

$48  to  $53

Adjusted FFO Attributable to Common Stockholders

 

$30  to  $35

Adjusted FFO Attributable to Common Stockholders per Diluted Share

 

$0.14  to  $0.17

Diluted Weighted Average Shares Outstanding

 

205,500,000

Posted In: SHO

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