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strategic hotels & resorts i (BEE) Key Developments

Strategic Hotels & Resorts, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014

Strategic Hotels & Resorts, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $305,263,000 compared to $223,707,000 a year ago. Operating income was $43,941,000 compared to $26,945,000 a year ago. Income before income taxes and discontinued operations was $21,310,000 compared to $7,376,000 a year ago. Income from continuing operations was $20,940,000 compared to $7,391,000 a year ago. Net income attributable to the company common shareholders was $20,988,000 compared to $3,760,000 a year ago. Diluted net income per share from continuing operations was $0.08 compared to basic earnings per share from continuing operations of $0.02 a year ago. Diluted net income per share attributable to the company common shareholders was $0.07 compared to basic net earnings per share attributable to the company common shareholders of $0.02 a year ago. EBITDA was $73,922,000 compared to $58,742,000 a year ago. Comparable EBITDA was $75,173,000 compared to $60,085,000 a year ago. FFO was $51,463,000 compared to $31,990,000 a year ago. FFO--fully diluted was $51,635,000 compared to $32,043,000 a year ago. Comparable FFO was $56,690,000 compared to $29,803,000 a year ago. Comparable FFO per fully diluted share was $0.23 compared to $0.14 a year ago. For the nine months, the company's total revenues were $776,081,000 compared to $631,988,000 a year ago. Operating income was $84,846,000 compared to $47,538,000 a year ago. Income before income taxes and discontinued operations was $174,380,000 compared to loss of $7,448,000 a year ago. Income from continuing operations was $173,764,000 compared to loss $7,518,000 a year ago. Net income attributable to the company common shareholders was $318,986,000 compared to loss of $16,414,000 a year ago. Diluted net income per share from continuing operations was $0.65 compared to diluted loss per share from continuing operations of $0.12 a year ago. Diluted net income per share attributable to the company common shareholders was $1.32 compared to diluted net loss per share attributable to the company common shareholders of $0.11 a year ago. EBITDA was $503,127,000 compared to $154,061,000 a year ago. Comparable EBITDA was $185,258,000 compared to $154,843,000 a year ago. FFO was $101,062,000 compared to $69,074,000 a year ago. FFO--fully diluted was $102,557,000 compared to $69,329,000 a year ago. Comparable FFO was $117,028,000 compared to $60,759,000 a year ago. Comparable FFO per fully diluted share was $0.51 compared to $0.29 a year ago. The company revised earnings guidance for the full year 2014. For the year, the company expects comparable EBITDA to be in the range of $240 million to $250 million and comparable FFO per diluted share to be in the range of $0.65 to $0.69 compared to previously provided guidance of comparable EBITDA to be in the range of $235 million to $250 million and comparable FFO per diluted share to be in the range of $0.62 to $0.68. EBITDA margin expansion to be in range of 150 to 200 basis points. Net income attributable to common shareholders of $315.6 million to $325.6 million. Depreciation and amortization of $121.5 million to $121.5 million. Interest expense of $83.8 million to $83.8 million. Income taxes of $1.9 million to $1.9 million. Comparable EBITDA of $240.0 million to $250.0 million. Comparable FFO of $152.0 million to $162.0 million. Comparable FFO per diluted share of $0.65 to $0.69.

Strategic Hotels & Resorts, Inc. to Report Q3, 2014 Results on Nov 03, 2014

Strategic Hotels & Resorts, Inc. announced that they will report Q3, 2014 results on Nov 03, 2014

Strategic Hotels & Resorts, Inc., Q3 2014 Earnings Call, Nov 03, 2014

Strategic Hotels & Resorts, Inc., Q3 2014 Earnings Call, Nov 03, 2014

Strategic Hotels & Resorts, Inc. - Analyst/Investor Day

Strategic Hotels & Resorts, Inc. - Analyst/Investor Day

Strategic Hotels & Resorts, Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014

Strategic Hotels & Resorts, Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 . Venue: Four Seasons Hotel, Chicago, Illinois, United States.

 

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