LaSalle Hotel Properties Q4 Adj. FFO Tops View - Quick Facts

(RTTNews) - LaSalle Hotel Properties (LHO) Wednesday said its fourth-quarter preliminary funds from operations, or FFO improved to $51.2 million, or $0.50 a share, from $41.4 million, or $0.47 a share, last year. Adjusted FFO for the quarter stood at $56.1 million, or $0.55 a share. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.54 for the quarter. Analysts' estimates typically exclude one-time items.

Net income attributable to common shareholders totaled $14.3 million, or $0.14 a share, an increase from the prior year's $10.0 million, or $0.11 a share.

Total revenue of $252.0 million in the quarter, was higher than $215.7 million reported a year back, while fifteen analysts estimated revenues of $249.65 million.

The firm is providing its 2014 outlook, expecting adjusted FFO per share to range between $2.28 and $2.48. Analysts project the company to report $2.59 per share for the full year 2014.