2024-02-24 11:40:00 ET
Summary
- Sunstone Hotel Investors' preferred dividends are well covered and offer a reliable stream of quarterly dividends.
- The FFO and AFFO performance of Sunstone indicate the stock is currently relatively attractively priced while the preferred stock is very attractive.
- The H-series preferred shares have a higher yield and are more likely to be called, making them a better investment option at this point in time.
Introduction
I have owned the preferred shares of Sunstone Hotel Investors (SHO) for several years now as I think the (cumulative) preferred dividends offer an excellent stream of quarterly dividends that I don't have to worry about thanks to the robust balance sheet of the REIT....
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Sunstone Hotel: The 7% Yielding Preferred Shares Are Still Interesting