LaSalle Hotel Properties Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - LaSalle Hotel Properties (LHO) reported second-quarter net income attributable to common shareholders of $55.8 million or $0.49 per share compared to $85.6 million or $0.82 per share, last year. FFO was $101.8 million compared to $81.6 million, or FFO per share of $0.90 compared to $0.78. Adjusted FFO per share was $0.91, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $341.4 million compared to $313.1 million, a year ago. Analysts expected revenue of $346.53 million for the quarter.

For 2015, the company expects Adjusted FFO per share in the range of $2.87 to $2.94. RevPAR growth is projected to be in the range of 3.5% to 4.5%. Analysts expect the company to report 2015 earnings per share of $2.87.

For the third quarter, the company expects adjusted FFO per share of $0.87 to $0.90. The company expects third quarter RevPAR to increase 1.0 percent to 3.0 percent. Analysts expect the company to report third quarter earnings per share of $0.92.