Sunstone Hotel Investors' Series I Preferred Stock Shares Cross 7.5% Yield Mark

Yield exceeded 7.5% on Sunstone Hotel Investors' 5.70% Series I cumulative preferred (SHO.PRI) based on a quarterly dividend annualized to $1.425. Shares traded as low as $18.96, producing a market yield materially above the stated 5.70% coupon and indicating price-driven yield pickup for this preferred security.

Analysis

Yield exceeded 7.5% on Sunstone Hotel Investors' 5.70% Series I cumulative preferred (SHO.PRI) based on a quarterly dividend annualized to $1.425. Shares traded as low as $18.96, producing a market yield materially above the stated 5.70% coupon and indicating price-driven yield pickup for this preferred security.