LaSalle Hotel Properties Q4 FFO Rises - Quick Facts

(RTTNews) - LaSalle Hotel Properties (LHO) Wednesday said fourth-quarter funds from operations, or FFO, increased to $51.5 million or $0.50 per share from $41.4 million or $0.47 per share in the same period last year.

Adjusted FFO for the quarter was $55.8 million or $0.55 per share. On average, 19 analysts expected the company to report FFO of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders increased to $14.7 million or $0.14 per share from $10.0 million or $0.11 per share last year.

Revenues increased to $252.0 million from $215.7 million last year. Analysts expected revenues of $249.41 million.

RevPAR for the quarter improved to $157.05 million from $149.24 million last year.

Looking ahead to the first quarter, the company has forecast adjusted FFO in he range of $0.29 to $0.32 per share. Analysts currently expect first-quarter FFO of $0.30 per share.

For the fiscal 2014, the company projects adjusted FFO in the order of $2.28 to $2.48 per share. Analysts currently expect full-year FFO of $2.52 per share.