LaSalle Hotel Properties Q1 FFO Rises

(RTTNews) - LaSalle Hotel Properties (LHO) Wednesday reported first-quarter funds from operations of $42.5 million or $0.38 per share, up from $28.8 million or $0.28 per share last year.

Adjusted FFO rose to $45.3 million or $0.40 per share from $33.2 million or $0.32 per share last year.

Net loss for the quarter were $0.3 million or $0.00 per share compared to $9.0 million or $0.09 per share last year.

Total revenues for the quarter rose to $250.8 million from $218.9 million last year.

Analysts polled by Thomson Reuters expected the company report FFO of $0.35 per share on revenue of $240.05 million for the quarter. Analysts' estimates typically exclude special items.