LaSalle Hotel Properties Earnings: Everything You Must Know Now

LaSalle Hotel Properties (NYSE:LHO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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LaSalle Hotel Properties Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 28.57% to $0.27 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 11.24% to $191.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: LaSalle Hotel Properties reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $188.64 million.

Quoting Management: We were pleased with the results of the first quarter, said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. Our Portfolios RevPAR performed in line with our expectations, while adjusted EBITDA and adjusted FFO were ahead of expectations and grew substantially year-over-year. Furthermore, we were able to issue preferred equity at a record low coupon and reduce our overall cost of capital.

Key Stats (on next page)…

Revenue decreased 12.09% from $218.06 million in the previous quarter. EPS decreased 42.55% from $0.47 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.74 to a profit $0.72. For the current year, the average estimate has moved down from a profit of $2.26 to a profit of $2.17 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)