Sunstone Hotel Investors rises on Q1 profit beat

Sunstone Hotel Investors

05/05/2023 19:33

** Shares of real estate investment trust Sunstone Hotel Investors  SHO.N  up 3.17% at
$10.26
    ** Co reports Q1 earnings of 8 cents per shr vs. analysts' estimate of 1 cent per shr
    ** Qtrly FFO of 21 cents/shr also beats est. of 17 cents/shr
    ** "Our first-quarter results exceeded our expectations as corporate and group demand
continued to accelerate," says CEO Bryan Giglia
    ** SHO stock up 5.69% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))