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Last $33.58 USD
Change Today -0.33 / -0.97%
Volume 1.3M
LHO On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$33.77
Previous Close
$33.91
Day High
$33.91
Day Low
$33.51
52 Week High
01/23/15 - $43.56
52 Week Low
10/15/14 - $32.94
Market Cap
3.8B
Average Volume 10 Days
2.1M
EPS TTM
$1.64
Shares Outstanding
113.1M
EX-Date
06/26/15
P/E TM
20.5x
Dividend
$1.80
Dividend Yield
4.69%
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.

35 Employees
Last Reported Date: 02/18/15
Founded in 1998

lasalle hotel properties (LHO) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $815.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $425.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $491.0K
Compensation as of Fiscal Year 2014.

lasalle hotel properties (LHO) Key Developments

Lasalle Hotel Properties Announces Dividend for the Quarter Ended June 30, 2015

LaSalle Hotel Properties increased its common dividend 20.0% to $0.45 per diluted share for the quarter ended June 30, 2015. The dividend represents an annualized rate of $1.80 per diluted share and a 4.8% yield based on the closing share price on July 21, 2015.

Lasalle Hotel Properties Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Third Quarter of 2015

Lasalle Hotel Properties announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $341,386,000 compared with $313,105,000 for the same period in the last year. Operating income was $78,479,000 compared to $66,849,000 a year ago. Income before income tax benefit was $64,585,000 compared with $52,303,000 for the same period in the last year. Net income was $59,011,000 compared with $90,968,000 for the same period in the last year. Net income attributable to common shareholders was $55,822,000 compared with $85,610,000 for the same period in the last year. Diluted net income attributable to common shareholders excluding amounts attributable to unvested restricted shares were $0.49 compared with $0.82 for the same period in the last year. FFO attributable to common shareholders and unitholders was $101,831,000 or $0.90 per diluted share compared to $81,624,000 or $0.78 per diluted share a year ago. Adjusted FFO attributable to common shareholders and unitholders was $102,618,000 or $0.91 per diluted share compared to $86,001,000 or $0.82 per diluted share a year ago. EBITDA was $124,396,000 compared with $148,771,000 for the same period in the last year. Adjusted EBITDA was $125,183,000 compared with $109,600,000 for the same period in the last year. Hotel EBITDA was $129,817,000 compared with $117,403,000 for the same period in the last year. For the six months, the company reported total revenue was $592,189,000 compared with $531,969,000 for the same period in the last year. Operating income was $89,988,000 compared to $70,272,000 a year ago. Income before income tax benefit was $62,455,000 compared with $41,040,000 for the same period in the last year. Net income was $61,749,000 compared with $86,097,000 for the same period in the last year. Net income attributable to common shareholders was $55,503,000 compared with $76,638,000 for the same period in the last year. Diluted net income attributable to common shareholders excluding amounts attributable to unvested restricted shares were $0.49 compared with $0.73 for the same period in the last year. FFO attributable to common shareholders and unitholders was $144,354,000 or $1.27 per diluted share compared to $110,391,000 or $1.06 per diluted share a year ago. Adjusted FFO attributable to common shareholders and unitholders was $147,928,000 or $1.31 per diluted share compared to $119,195,000 or $1.14 per diluted share a year ago. EBITDA was $178,789,000 compared with $191,743,000 for the same period in the last year. Adjusted EBITDA was $182,363,000 compared with $154,512,000 for the same period in the last year. Hotel EBITDA was $192,032,000 compared with $170,688,000 for the same period in the last year. For 2015, the company is increasing the midpoint of its adjusted EBITDA outlook by $5.0 million compared to its previous outlook, including approximately $3.0 million for the Mezzanine Loan and $1.7 million for exceeding the midpoint of its second quarter adjusted EBITDA outlook. The outlook is based on the current economic environment and assumes no additional acquisitions or dispositions. It expects adjusted EBITDA in the range of $398.0 million to $408.0 million, adjusted FFO in the range of $325.0 million to $333.0 million and adjusted FFO per diluted share in the range of $2.87 to $2.94. For the third quarter of 2015, the company expects third quarter RevPAR to increase 1.0% to 3.0%, which compares to 11.5% RevPAR growth during the third quarter of 2014. The company’s outlook factors in lower citywide demand in the third quarter, resulting from a decline in citywide events in many of its markets. The company expects to increase its third quarter hotel EBITDA margin between 100 basis points and 150 basis points compared to the same prior year period, generating adjusted EBITDA of $121.0 million to $124.0 million and adjusted FFO per share/unit of $0.87 to $0.90.

LaSalle Hotel Properties to Report Q2, 2015 Results on Jul 22, 2015

LaSalle Hotel Properties announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

 

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LHO Competitors

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Company Last Change
DiamondRock Hospitality Co $12.54 USD -0.20
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Industry Analysis

LHO

Industry Average

Valuation LHO Industry Range
Price/Earnings 21.0x
Price/Sales 3.3x
Price/Book 1.6x
Price/Cash Flow 10.8x
TEV/Sales 2.1x
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