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Provider: Thomson Reuters Stock Report
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Provider: MacroRisk Analytics/EconomicInvestor
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Lasalle Hotel Properties Issues Q1, FY 2013 Earnings Guidance Below Analysts' Estimates; Comments On Q1, FY 2013 RevPAR Guidance


Wednesday, 20 Feb 2013 04:02pm EST 

LaSalle Hotel Properties announced that for fiscal 2013, it expects RevPAR growth of between 3.0%-6.0%, adjusted EBITDA of between $275-$295 million, adjusted funds from operation (FFO) to be in the range of $195-$214 million and adjusted FFO per diluted share to be in the range of $2.03-$2.23. For the first quarter of 2013, it expects RevPAR, excluding the Park Central Hotel to increase 4.0% to 6.0%, adjusted EBITDA of $37.0 million to $39.0 million and adjusted FFO per share/unit of $0.24 to $0.26. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $300 million and FFO per share of $2.27 for fiscal 2013; EBITDA of $42.7 million and FFO of $0.28 for the first quarter of 2013. 

Company Quote

36.0
0.21 +0.59%
4:04pm EDT