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strategic hotels & resorts i (BEE) Key Developments

Strategic Hotels & Resorts, Inc. Declares Quarterly Dividend, Payable on September 30, 2014

Strategic Hotels & Resorts, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.51563 per share of 8.25% Series B Cumulative Redeemable Preferred Stock payable on September 30, 2014 to shareholders of record on September 15, 2014.

Strategic Hotels Seeks Acquisitions

Strategic Hotels & Resorts, Inc. (NYSE:BEE) is looking for acquisition activities. Rip Gellein, Chairman and Chief Executive Officer of Strategic Hotels, stated that the opportunities fit both our qualitative criteria as well as our rigorous underwriting thresholds. Our pipeline of potential deals is fairly robust, though pricing for high-quality assets in high-quality markets has increased demanding we continue to be disciplined in our approach.

Strategic Hotels & Resorts, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Full 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 $276,163,000 compared to $227,101,000 a year ago. Operating income was $40,251,000 compared to $25,653,000 a year ago. Income before income taxes and discontinued operations was $87,676,000 compared to $8,498,000 a year ago. Income from continuing operations was $87,469,000 compared to $8,426,000 a year ago. Net income was $88,073,000 compared to $8,755,000 a year ago. Net income attributable to the company was $88,009,000 compared to $9,316,000 a year ago. Net income attributable to the company common shareholders was $80,840,000 compared to $3,274,000 a year ago. Diluted net from continuing operations per share attributable to the company common shareholders $0.35 compared to $0.01 a year ago. Diluted net income per share attributable to the company common shareholders $0.35 compared to $0.01 a year ago. EBITDA was $135,356,000 compared to $60,563,000 a year ago. Comparable EBITDA was $68,911,000 compared to $60,293,000 a year ago. FFO was $41,506,000 compared to $31,558,000 a year ago. FFO--fully diluted was $41,882,000 compared to $31,720,000 a year ago. Comparable FFO was $48,112,000 compared to $28,674,000 a year ago. Comparable FFO per fully diluted share was $0.21 compared to $0.14 a year ago. For the six motnhs, the company's total revenues were $470,818,000 compared to $408,281,000 a year ago. Operating income was $40,905,000 compared to $20,593,000 a year ago. Income before income taxes and discontinued operations was $153,070,000 compared to $14,824,000 a year ago. Income from continuing operations was $152,824,000 compared to loss from continuing operations of $14,909,000 a year ago. Net income was $311,863,000 compared to net loss of $12,591,000 a year ago. Net income attributable to the company was $314,991,000 compared to net loss attributable to the company of $8,091,000 a year ago. Net income attributable to the company common shareholders was $297,998,000 compared to net loss attributable to the company common shareholders of $20,174,000 a year ago. Diluted net from continuing operations per share attributable to the company common shareholders $0.60 compared to loss of $0.12 a year ago. Diluted net income per share attributable to the company common shareholders $1.30 compared to loss of $0.11 a year ago. EBITDA was $429,205,000 compared to $95,319,000 a year ago. Comparable EBITDA was $110,085,000 compared to $94,758,000 a year ago. FFO was $49,599,000 compared to $37,084,000 a year ago. FFO--fully diluted was $50,922,000 compared to $37,286,000 a year ago. Comparable FFO was $60,338,000 compared to $30,956,000 a year ago. Comparable FFO per fully diluted share was $0.28 compared to $0.15 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 $235 million to $250 million and comparable FFO per diluted share o be in the range of $0.62 to $0.68 compared to previously provided guidance of comparable EBITDA to be in the range of $230 million to $250 million and comparable FFO per diluted share o be in the range of $0.59 to $0.68.

Strategic Hotels & Resorts, Inc. to Report Q2, 2014 Results on Aug 04, 2014

Strategic Hotels & Resorts, Inc. announced that they will report Q2, 2014 results on Aug 04, 2014

Strategic Hotels & Resorts, Inc., Q2 2014 Earnings Call, Aug 05, 2014

Strategic Hotels & Resorts, Inc., Q2 2014 Earnings Call, Aug 05, 2014

 

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