Last $11.88 USD
Change Today +0.09 / 0.76%
Volume 1.4M
BEE On Other Exchanges
Symbol
Exchange
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As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

strategic hotels & resorts i (BEE) Snapshot

Open
$11.80
Previous Close
$11.79
Day High
$11.91
Day Low
$11.79
52 Week High
07/23/14 - $12.38
52 Week Low
08/30/13 - $8.09
Market Cap
2.9B
Average Volume 10 Days
950.2K
EPS TTM
$0.63
Shares Outstanding
247.4M
EX-Date
11/5/08
P/E TM
18.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for STRATEGIC HOTELS & RESORTS I (BEE)

strategic hotels & resorts i (BEE) Related Businessweek News

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strategic hotels & resorts i (BEE) Details

Strategic Hotels & Resorts, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It is owner and asset manager of the highest quality portfolio of upper-upscale and luxury hotels and resorts. The firm was formerly known as Strategic Hotel Capital Inc. Strategic Hotels & Resorts, Inc was founded in 1997 and is based in Chicago, Illinois.

34 Employees
Last Reported Date: 02/27/14
Founded in 1997

strategic hotels & resorts i (BEE) Top Compensated Officers

Chairman of The Board of Directors, Chief Exe...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $392.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $392.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

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.

 

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