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Orange County Earnings

October 29, 1998

Sunstone Hotel Investors Inc.: The San Clemente real estate investment trust reported third-quarter net income of $4.6 million, or 11 cents a share, an 18% drop from the $5.6 million, or 27 cents a share, posted a year ago. Funds from operations advanced 90% to $17.7 million, or 43 cents a share, from $9.3 million, or 40 cents a share. Revenue climbed to $29 million from $12.2 million, primarily because of hotel acquisitions.

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