Sunstone Hotel Investors Q4 FFO Down - Quick Facts

(RTTNews) - Sunstone Hotel Investors Inc. (SHO) Thursday said fourth-quarter funds from operations, or FFO, decreased to $38.29 million or $0.22 per share from $39.40 million or $0.29 per share in the same period last year.

Adjusted FFO for the quarter was $0.23 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Income available to common stockholders decreased to $2.12 million or $0.01 per share from $3.56 million or $0.03 per share last year.

Revenues increased to $243.90 million from $232.97 million last year. Analysts expected revenues of $243.41 million. Looking ahead, the company has forecast first-quarter adjusted FFO in a range of $0.12 to $0.14 per share. Analysts currently expect first-quarter FFO of $0.16 per share. For the fiscal year 2014, the company currently projects adjusted FFO in the order of $1.04 to $1.15 per share. Analysts currently expect full-year earnings of $1.17 per share.