Welcome to our dedicated page for Sunstone Hotel Investors news (Ticker: $SHO), a resource for investors and traders seeking the latest updates and insights on Sunstone Hotel Investors stock.
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Sunstone Hotel Investors, Inc. reported results for the first quarter of 2024, announcing an increase in quarterly dividend and the acquisition of the Hyatt Regency San Antonio Riverwalk. Despite a challenging quarterly comparison to 2023, the company remains optimistic about the performance for the rest of the year. The company's balanced approach to capital allocation is expected to drive significant growth. However, the first quarter results showed a decrease in net income, comparable RevPAR, Adjusted EBITDAre, and Adjusted FFO attributable to common stockholders per diluted share.
