Published on 6 May 2024 on Zacks via Yahoo Finance
Sunstone Hotel Investors (SHO) Surpasses Q1 FFO and Revenue Estimates
Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 12.50%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.19, delivering a surprise of 18.75%.