LaSalle Hotel Properties (LHO) Tops Q3 EPS by 1c; Adjusts FY11 Adj.-FFO Outlook
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Price: $32.06 --0%
Financial Fact:
Distributions on preferred shares: -5.41M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Distributions on preferred shares: -5.41M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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LaSalle Hotel Properties (NYSE: LHO) reported Q3 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $199.1 million versus the consensus estimate of $195.75 million.
Room revenue per available room for the quarter ended September 30, 2011 increased 6.4 percent to $166.09, as a result of a 5.0 percent increase in average daily rate to $198.18 and a 1.4 percent increase in occupancy to 83.8 percent.
LaSalle Hotel Properties sees FY2011 EPS of $1.52-$1.57, versus the consensus of $1.56.
Room revenue per available room for the quarter ended September 30, 2011 increased 6.4 percent to $166.09, as a result of a 5.0 percent increase in average daily rate to $198.18 and a 1.4 percent increase in occupancy to 83.8 percent.
LaSalle Hotel Properties sees FY2011 EPS of $1.52-$1.57, versus the consensus of $1.56.
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