LaSalle Hotel Properties (LHO.N) Key Developments | Reuters.com
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LaSalle Hotel Properties narrows FY 2014 RevPAR and EBITDA outlook; raises low end of prior FY 2014 FFO outlook; gives Q3 2014 RevPAR outlook; gives Q3 2014 earnings outlook below analysts' estimates


Wednesday, 23 Jul 2014 04:05pm EDT 

LaSalle Hotel Properties:Expects FY 2014 RevPAR growth of 6.5 to 8.0 pct (previous range 5.0 to 8.5 pct).Expects FY 2014 Adjusted EBITDA of $330 to $342 mln (previous range $327.0 to $ 348.0 mln).Expects FY 2014 Adjusted FFO per diluted share/unit $2.44 to $2.54(previous range $2.33 to $2.54).Expects Q3 2014 RevPAR to increase 5.0 to 8.5 pct relative to Q2 2013.Expects Q3 2014 Adjusted EBITDA of $99 to $105 mln.Expects Q3 2014 Adjusted FFO per share/unit of $0.73 to $0.79.FY 2014 EBITDA of $339.72 mln and AFFO of $2.50 - Thomson Reuters I/B/E/S.Q3 2014 EBITDA of $107 mln and AFFO of $0.80 - Thomson Reuters I/B/E/S.