Sunstone Hotels beats and boosts

• Q1 adjusted FFO of $45.1M or $0.22 per share vs. $27.6M and $0.15 one year ago.
• Comparable hotel RevPAR of $150.12 up 6.7% Y/Y. Hotel occupancy of 79.6% up 130 bps. Comparable hotel ADR of $188.59 up 5%.
• Q2 adjusted FFO outlook of $0.40-$0.42 per share. Full year adjusted FFO outlook of $1.26-$1.32 per share is up from previous guidance by $0.04 on the low end.
• Earnings call tomorrow at 12 ET
• Previously: Sunstone Hotel beats by $0.03, beats on revenue (May 4)
• SHO flat after hours