LaSalle Hotel Properties Earnings: Here’s Why Investors are Selling Shares Now

LaSalle Hotel Properties (NYSE:LHO) delivered a profit and met 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. Shares are down 0.39%.

LaSalle Hotel Properties Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.39% to $0.73 in the quarter versus EPS of $0.72 in the year-earlier quarter.

Revenue: Rose 8.88% to $263.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: LaSalle Hotel Properties reported adjusted EPS income of $0.73 per share. By that measure, the company met the mean analyst estimate of $0.73. It beat the average revenue estimate of $259.26 million.

Quoting Management: “We are very excited to announce these strong results and to announce an increase in the common dividend,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “Our portfolio’s RevPAR, adjusted EBITDA, and adjusted FFO were all at the high end of our expectations. The combination of strong results year-to-date and our solid outlook for the remainder of the year have contributed to the Company’s decision to increase the midpoints of our full year adjusted EBITDA and adjusted FFO outlook and the Board’s decision to substantially increase the dividend to an annualized rate of $1.12 per share in the third quarter.”

Key Stats (on next page)…

Revenue increased 20.88% from $218.06 million in the previous quarter. EPS increased 170.37% from $0.27 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.68 and has not changed. For the current year, the average estimate has moved up from a profit of $2.18 to a profit of $2.19 over the last ninety days.

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

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