SHO / Sunstone Hotel Investors: Grab A 6.8% Yield With The Safe Preferred Shares

Sunstone Hotel Investors' Q2 results show over $1.8B in common equity, providing a safety net for preferred shares yielding in the mid-7% range. Q2 FF more_horizontal

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q2 2023 Earnings Call Transcript August 4, 2023 12:00 PM ET Company Participants Aaron Reyes - Chief Financ more_horizontal

Sunstone Hotel Investors (SHO) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 p more_horizontal

Sunstone Hotel Investors, Inc. performed better than I had expected in the first quarter. The preferred dividend coverage ratio was very strong; the R more_horizontal

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Global Net Lease (GNL) and Sunstone Hotel Investors (SHO). But w more_horizontal

Sunstone Hotel Investors offers a very attractive preferred dividend yield thanks to its low LTV ratio (less than 25%). The preferred dividends are ex more_horizontal

Sunstone Hotel (SHO) delivered FFO and revenue surprises of 36.84% and 5.45%, respectively, for the quarter ended December 2022. Do the numbers hold c more_horizontal

Sunstone has one of the safest balance sheets in the hospitality REIT sector with an LTV of less than 25% based on the book value of the properties. T more_horizontal