Last $32.80 USD
Change Today +0.27 / 0.83%
Volume 627.4K
LHO On Other Exchanges
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As of 4:15 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$32.67
Previous Close
$32.53
Day High
$32.97
Day Low
$32.46
52 Week High
03/18/14 - $33.36
52 Week Low
06/24/13 - $22.84
Market Cap
3.4B
Average Volume 10 Days
572.7K
EPS TTM
$0.74
Shares Outstanding
104.1M
EX-Date
06/26/14
P/E TM
44.3x
Dividend
$1.50
Dividend Yield
3.17%
Current Stock Chart for LASALLE HOTEL PROPERTIES (LHO)

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lasalle hotel properties (LHO) Details

LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal corporate income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1998 and is based in Bethesda, Maryland.

36 Employees
Last Reported Date: 02/19/14
Founded in 1998

lasalle hotel properties (LHO) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $780.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $470.0K
Compensation as of Fiscal Year 2013.

lasalle hotel properties (LHO) Key Developments

LaSalle Hotel Properties Increases Second Quarter Dividend Payable on July 15, 2014

LaSalle Hotel Properties announced that it increased its dividend to $0.375 per common share of beneficial interest for the quarter ending June 30, 2014. The second quarter dividend will be paid on July 15, 2014 to common shareholders of record on June 30, 2014.

LaSalle Hotel Properties Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2014

LaSalle Hotel Properties reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $218,864,000 against $191,704,000 a year ago. Operating income was $3,423,000 against $4,301,000 a year ago. Loss before income tax benefit was $11,263,000 against $7,347,000 a year ago. Net loss was $4,871,000 against $2,330,000 a year ago. Net loss attributable to the company was $4,865,000 against $2,330,000 a year ago. Net loss attributable to the common share holders was $8,972,000 against $7,395,000 a year ago. Loss per share basic and diluted attributable to common shareholders excluding amounts attributable to unvested restricted shares were $0.09 against $0.08 per share a year ago. FFO was $28,767,000 against $25,704,000 a year ago. Adjusted FFO was $33,194,000 against $25,730,000 a year ago. FFO per diluted share was $0.28 against $0.27 per share a year ago. Adjusted FFO per diluted share was $0.32 against $0.27 per share a year ago. EBITDA was $42,972,000 against $39,791,000 a year ago. Adjusted EBITDA was $44,912,000 against $39,817,000 a year ago. For the second quarter of 2014, the company expects RevPAR to increase 7.0% to 9.5% and hotel EBITDA margins to range from approximately flat to an increase of 50 basis points relative to the same prior year period. The company expects its portfolio to generate adjusted EBITDA of $103.0 million to $109.0 million and adjusted FFO per share/unit of $0.77 to $0.81. For the year 2014, the company expects RevPAR growth of 5.0% to 8.5%. Adjusted EBITDA expected to be $327.0 million to $348.0 million. Adjusted FFO expected to be $243.0 million to $265.0 million. Adjusted FFO per diluted share expected to be $2.33 to $2.54.

LaSalle Hotel Properties Acquires Hotel Vitale in San Francisco

LaSalle Hotel Properties announced that it acquired Hotel Vitale in San Francisco, CA for $130.0 million. The Company funded the acquisition with borrowings from its Senior Unsecured Credit Facility. The 200-room hotel is located at 8 Mission Street at the intersection of the Embarcadero Waterfront and the Financial District, across from the historic Ferry Building Marketplace. Its waterfront location provides striking bay and skyline views. The hotel is within short walking distance of San Francisco's office towers in the Financial District and South of Market area. There is 21 million square feet of existing office space and 3.5 million square feet of new office development within six blocks of the hotel. Some of San Francisco's most notable companies surround the hotel, including Salesforce, Google, Gap and PG&E. Hotel Vitale is also proximate to world-class retail and entertainment attractions, such as Steuart Street's restaurant row, Moscone Center, AT&T Park and Union Square. Americano Restaurant & Bar, the hotel's signature dining outlet, features a modern design and is comprised of a cocktail lounge, indoor dining area with 180 degree panoramic views, 18-seat private dining room and 3,000 square foot outdoor patio overlooking the Embarcadero and San Francisco Bay. The property offers 11,300 square feet of meeting and event space, including several outdoor spaces.

 

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