08:34 AM EST, 11/12/2024 (MT Newswires) -- Sunstone Hotel Investors ( SHO ) reported Q3 adjusted funds from operations Tuesday of $0.18 per diluted share, down from $0.23 a year earlier.

Three analysts surveyed by Capital IQ expected $0.15.

Revenue for the quarter ended Sept. 30 was $226.4 million, down from $247.7 million a year earlier. Analysts surveyed by Capital IQ expected $228.7 million.

The lodging real estate investment trust lowered its outlook for full-year 2024 adjusted FFO to a range of $0.75 to $0.80 from previous guidance of $0.79 to $0.84. Four analysts surveyed by Capital IQ expect $0.67.