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Felcor Lodging Trust Inc Raises FY 2013 Comparable RevPAR And Net Income Outlook; Narrows FY 2013 EBITDA Outlook To A Range Above Estimates; Narrows FY 2013 FFO Outlook To A Range Below Estimates


Thursday, 31 Oct 2013 08:00am EDT 

Felcor Lodging Trust Inc announced that announced that it has tightened its fiscal 2013 outlook to reflect third quarter operating results and updated timing of asset sales. For fiscal 2013, the Company anticipates comparable RevPAR to increase between 6.5%-7.00%; adjusted EBITDA to be between $199.0 million and $200.5 million; adjusted FFO per share to be between $0.37 and $0.38; and net loss attributable to FelCor will be between $63.5 million and $62.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $198.o million and FFO per share of $0.39 for fiscal 2013. 

Company Quote

10.28
0.08 +0.78%
1:47pm EDT