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Lasalle Hotel Properties Comments On Q3 2013 RevPar Guidance; Issues Q3 2013 Earnings Guidance In Line With Analysts' Estimates; Increase In Quarterly Common Dividend

Wednesday, 17 Jul 2013 04:04pm EDT 

Lasalle Hotel Properties announced that for the third quarter of 2013, it expects RevPAR, excluding the Park Central Hotel, to increase 2.5% to 4.5%. The Company expects its portfolio, including the Park Central Hotel, to generate adjusted EBITDA of $85.0 million to $88.0 million and adjusted FFO per share/unit of $0.64 to $0.68. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $86.5 million and FFO per share of $0.68 for fiscal 2013. The Company also announced that the Board of Trustees has declared that it has increased the quarterly common dividend in the third quarter 2013 by 40% to $0.28 per share, an annualized rate of $1.12 per share. 

Company Quote

-0.14 -0.38%
29 May 2015