Investing.com - Sunstone Hotel Investors reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sunstone Hotel Investors announced earnings per share of $0.08 on revenue of $244.31M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $229.17M.
Sunstone Hotel Investors shares are down 35% from the beginning of the year and are trading at $10.41 , down-from-52-week-high.
Sunstone Hotel Investors shares gained 0.24% in intra-day trade following the report.
Sunstone Hotel Investors follows other major Real Estate sector earnings this month
Sunstone Hotel Investors's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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