Sunstone Hotel Investors, Inc. (SHO) Q3 2022 Earnings Call Transcript

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Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2022 Earnings Conference Call November 8, 2022 12:00 PM ET

Company Participants

Aaron Reyes – Chief Financial Officer

Bryan Giglia – Chief Executive Officer

Robert Springer – President and Chief Investment Officer

Conference Call Participants

Smedes Rose – Citi

Duane Pfennigwerth – Evercore ISI

Michael Bellisario – Baird

David Katz – Jefferies

Anthony Powell – Barclays

Gregory Miller – Truist Securities

Floris van Dijkum – Compass Point

Daniel Adam – J.P. Morgan


Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Third Quarter 2022 Earnings Call. At this time all participants are in a listen-only more. [Operator Instructions]

I would like to remind everyone that this conference is being recorded today, November 8, 2022, at 12:00 p.m. Eastern Time.

I will now turn the presentation over to Mr. Aaron Reyes, Chief Financial Officer. Please go ahead, sir.

Aaron Reyes

Thank you, operator, and good morning, everyone. Before we begin, I would like to remind everyone that this call contains forward-looking statements that are subject to risks and uncertainties, including those described in our prospectuses, 10-Qs, 10-Ks and other filings with the SEC, which could cause actual results to differ materially from those projected. We caution you to consider these factors in evaluating our forward-looking statements. We also note that this call may contain non-GAAP financial information, including adjusted EBITDAre, adjusted FFO and property level adjusted EBITDAre. We are providing that information as a supplement to information prepared in accordance with generally accepted accounting principles.

On today's call, references to our comparable portfolio will mean our 13 hotels portfolio, which includes the Confidante Miami Beach, but excludes Montage Healdsburg and Four Seasons Resort Napa Valley.

Additional details on our second quarter performance have been provided in

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