Last $40.05 USD
Change Today +0.92 / 2.35%
Volume 536.0K
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$39.18
Previous Close
$39.13
Day High
$40.08
Day Low
$39.09
52 Week High
11/26/14 - $40.08
52 Week Low
02/5/14 - $28.41
Market Cap
4.2B
Average Volume 10 Days
650.3K
EPS TTM
$1.83
Shares Outstanding
104.1M
EX-Date
09/26/14
P/E TM
21.8x
Dividend
$1.50
Dividend Yield
3.27%
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 Reports Unaudited Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Revised Guidance for the Full Year of 2014

LaSalle Hotel Properties reported unaudited consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue was $308.002 million compared with $269.986 million a year ago. Operating income was $69.349 million compared with $47.601 million a year ago. Income before income tax expense was $54.852 million compared with $35.312 million a year ago. Net income attributable to common shareholders was $98.164 million or $0.94 per diluted share compared with $28.534 million or $0.30 per diluted share a year ago. FFO was $87.605 million or $0.84 per diluted share compared with $69.258 million or $0.72 per diluted share a year ago. Adjusted FFO was $88.305 million or $0.85 per diluted share compared with $72.804 million or $0.76 per diluted share a year ago. EBITDA was $157.820 million compared with $90.683 million a year ago. Adjusted EBITDA was $108.863 million compared with $94.229 million a year ago. EBITDA was negatively impacted by an estimated $1.0 million of EBITDA as a result of the sale of Hotel Viking prior to the end of the quarter. The company invested $23.2 million as capital expenditures during the quarter, including the closeout of previous projects and deposits for innovation that will start during the fourth quarter including Sofitel Washington, DC; Hilton Gaslamp in San Diego; Hyatt Boston Harbor; and Westin Philadelphia. For the nine months, the company's total revenue was $839.971 million compared with $725.250 million a year ago. Operating income was $139.621 million compared with $109.210 million a year ago. Income before income tax expense was $95.892 million compared with $73.905 million a year ago. Net income attributable to common shareholders was $174.802 million or $1.67 per diluted share compared with $56.329 million or $0.59 per diluted share a year ago. FFO was $197.996 million or $1.90 per diluted share compared with $163.703 million or $1.71 per diluted share a year ago. Adjusted FFO was $207.500 million or $1.99 per diluted share compared with $168.809 million or $1.76 per diluted share a year ago. EBITDA was $349.563 million compared with $222.038 million a year ago. Adjusted EBITDA was $263.375 million compared with $227.144 million a year ago. The company expects fourth quarter RevPAR to increase 7.0% to 9.0% and hotel EBITDA margins to range from an increase of 175 to 250 basis points relative to the same prior year period. The Company expects its portfolio to generate adjusted EBITDA of $78.0 million to $82.0 million and adjusted FFO per share/unit of $0.57 to $0.61. The company revised earnings guidance for the full year of 2014. For the period, the company expected Adjusted EBITDA to be $341.0 million to $345.0 million compared with pervious guidance of $333.0 million to $342.0 million. Adjusted FFO to be $254.0 million to $265.0 million compared with pervious guidance of $267.0 million to $271.0 million. Adjusted FFO per diluted share/unit to $2.11 to 2.54 compared with $2.56 compared with $2.60.

LaSalle Hotel Properties to Report Q3, 2014 Results on Oct 22, 2014

LaSalle Hotel Properties announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 22, 2014

LaSalle Hotel Properties, Q3 2014 Earnings Call, Oct 23, 2014

LaSalle Hotel Properties, Q3 2014 Earnings Call, Oct 23, 2014

 

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