$Sunstone Hotel Investors Inc (SHO.US)$Revenue shrank sharpl...
$Sunstone Hotel Investors Inc(SHO.US$Revenue shrank sharply by 76% in 2020, then recovered rapidly in the next two years, reaching 82% in 2019, operating profit in 2020 and 2021, and reversing losses in 2022 to 61% in 2019. Net profit was similar, reaching 63% in 2019.
In the first two quarters of 2023, revenue increased by 22.7% and operating profit increased by 99.3%. Affected by a sharp increase in interest expenses and a decrease in income from asset sales, net profit increased by only 21.5%.
Currently, the price-earnings ratio is 26.6, and the price-earnings ratio TTM has dropped to 21.5. If you don't calculate the two years of the epidemic, the average net profit for the other 3 years is 160 million. The corresponding price-earnings ratio is 11.7, the dividend ratio is 2.2%, and the net price-earnings ratio is 1.03. Overall, it is not very attractive.
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