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Last $38.51 USD
Change Today +0.06 / 0.16%
Volume 1.3M
LHO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$38.11
Previous Close
$38.45
Day High
$38.54
Day Low
$37.89
52 Week High
01/23/15 - $43.56
52 Week Low
04/11/14 - $30.84
Market Cap
4.3B
Average Volume 10 Days
1.1M
EPS TTM
$1.90
Shares Outstanding
112.9M
EX-Date
03/27/15
P/E TM
20.2x
Dividend
$1.50
Dividend Yield
3.90%
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 Declares First Quarter Dividend, Payable on April 15, 2015

LaSalle Hotel Properties declared first quarter dividend of $0.375 per share, unchanged from the prior three quarters. The dividend will be paid on April 15, 2015 to shareholders of record as of March 31, 2015.

LaSalle Hotel Properties Declares dividend for the Fourth Quarter and Full Year of 2014

LaSalle Hotel Properties declares dividend for the fourth quarter and full year of 2014, For the period, on December 15, the company declared a fourth quarter 2014 dividend of $0.375 per common share of beneficial interest.

Lasalle Hotel Properties Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Year 2015

LaSalle Hotel Properties reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $269,807,000 compared to $252,043,000 a year ago. Operating income was $40,280,000 compared to $29,352,000 a year ago. Income before income tax benefit was $26,706,000 compared to $16,820,000 a year ago. Net income attributable to the company was $25,801,000 or $0.21 per diluted share compared to $18,762,000 or $0.14 per diluted share a year ago. Adjusted FFO was $62,975,000 or $0.59 per diluted share compared to $55,823,000 or $0.55 per diluted share a year ago. Adjusted EBITDA was $80,470,000 compared to $72,935,000 a year ago. Hotel EBITDA was $85,154,000 compared to $76,225,000 a year ago. For the year, the company reported total revenues of $1,109,778,000 compared to $977,293,000 a year ago. Operating income was $179,901,000 compared to $138,562,000 a year ago. Income before income tax benefit was $122,598,000 compared to $90,725,000 a year ago. Net income attributable to the company was $212,845,000 or $1.88 per diluted share compared to $89,935,000 or $0.73 per diluted share a year ago. Adjusted FFO was $270,475,000 or $2.58 per diluted share compared to $224,632,000 or $2.30 per diluted share a year ago. Adjusted EBITDA was $343,845,000 compared to $300,079,000 a year ago. Hotel EBITDA was $356,139,000 compared to $322,586,000 a year ago. The company invested $102.1 million of capital in its hotels throughout the year, completing the renovation of Onyx Hotel in Boston, as well as Hotel George and The Donovan in Washington, DC. The company's 2014 capital expenditures also included the commencement of the renovations of the Sofitel Washington, DC, The Grafton on Sunset in West Hollywood, Hilton San Diego Gaslamp Quarter, Villa Florence in San Francisco, Hyatt Boston Harbor and Westin Philadelphia. The company provided earnings guidance for the first quarter of 2015 and year 2015. For the first quarter of 2015, the company expects RevPAR to increase 4.0% to 5.0%, which is negatively impacted by 100 to 125 basis points due to Park Central San Francisco. The company expects its portfolio to generate adjusted EBITDA of $51.0 million to $54.0 million and adjusted FFO per share/unit of $0.35 to $0.37. For the year, the company expects RevPAR growth of 4.5% to 6.5%, adjusted EBITDA of $377.0 million to $395.0 million, adjusted FFO of $304.0 million to $322.5 million, adjusted FFO per diluted share/unit of $2.67 to $2.84, income tax expense of $3.0 million to $6.0 million and capital expenditures of $130.0 million to $175.0 million.

 

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LHO:US $38.51 USD +0.06

LHO Competitors

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Industry Analysis

LHO

Industry Average

Valuation LHO Industry Range
Price/Earnings 20.4x
Price/Sales 3.7x
Price/Book 1.8x
Price/Cash Flow 11.8x
TEV/Sales 2.8x
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