Sunstone Hotel Investors, Inc. (SHO) Q3 2024 Earnings Call Transcript

Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2024 Earnings Conference Call November 12, 2024 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

Michael Bellisario – Baird
Dori Kesten – Wells Fargo
Keegan Carl – Wolfe Research
Smedes Rose – Citi
Duane Pfennigwerth – Evercore ISI
David Katz – Jefferies
Chris Darling – Green Street
Stephen Grambling – Morgan Stanley
Chris Woronka – Deutsche Bank
Floris van Dijkum – Compass Point

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. I would like to remind everyone that this conference is being recorded today, November 12, 2024, 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. 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 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 the commentary on this call will contain non-GAAP financial information, including adjusted EBITDAre, adjusted FFO and property-level adjusted EBITDAre. We are providing this information as a supplement to information prepared in accordance with Generally Accepted Accounting Principles. Additional details on our quarterly results have been provided in our earnings release and supplemental, which are available in the Investor Relations section of our website.