U.S. Markets open in 3 hrs 46 mins

Earnings Review and Free Research Report: LaSalle’s Q3 Results Disappointed Market Forecasts

Research Desk Line-up: Hersha Hospitality Trust Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 27, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on LaSalle Hotel Properties (NYSE: LHO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=LHO, following the Company's release of its financial results on October 19, 2017, for the third quarter fiscal 2017 (Q3 FY17). The Bethesda, Maryland-based Company reported a 12.5% y-o-y decline in total revenues, while its adjusted funds from operations (FFO) per share fell 20.0% y-o-y. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the REIT - Hotel/Motel industry. Pro-TD has currently selected Hersha Hospitality Trust (NYSE: HT) for due-diligence and potential coverage as the Company announced on October 25, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Hersha Hospitality Trust when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on LHO; also brushing on HT. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=LHO

http://protraderdaily.com/optin/?symbol=HT

Earnings Reviewed

LaSalle reported total revenue of $285.86 million in Q3 FY17 compared to $326.94 million recorded in Q3 FY16. Total revenue number for the reported quarter fell short of market consensus estimates of $293.2 million. During the reported quarter, room revenues fell to $209.02 million from $237.76 million in the year-ago same quarter. Food and beverage revenues also fell to $50.19 million in Q3 FY17 from $61.72 million in Q3 FY16. The Company's top-line was impacted by the closure of two resorts in Key West due to Hurricane Irma.

The real estate investment trust (REIT) reported FFO attributable to common shareholders and unit-holders of $74.43 million, or $0.66 per diluted share, in Q3 FY17 compared to $95.69 million, or $0.84 per diluted share, in the previous year's corresponding quarter. Meanwhile. adjusted FFO attributable to common shareholders and unit-holders fell to $77.36 million, or $0.68 per diluted share, in Q3 FY17 from $96.40 million, or $0.85 per diluted share, in Q3 FY16. Meanwhile, Wall Street had expected the Company to report adjusted FFO of $0.73 per diluted share.

Operating Metrics

In Q3 FY17, the Company's total hotel operating expenses were $165.10 million compared to $186.95 million in the last year's same quarter. Total operating expenses were down to $239.56 million in Q3 FY17 from $260.53 million in Q3 FY16. The Company posted operating income of $46.29 million for the quarter ended September 30, 2017, versus $66.40 million in the year-ago comparable quarter.

The Company reported revenue per available room (RevPAR) of $217.57 million in Q3 FY17 which came in below $228.31 million in Q3 FY16, driven by a 3.6% decline in average daily rate to $243.31. In Q3 FY17, adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $93.52 million compared to $115.30 million in the year-ago same period. Moreover, Hotel EBITDA stood at $98.23 million, or 34.6% of total revenues, in Q3 FY17 compared to $107.85 million, or 36.6% of total revenues, in the last year's corresponding quarter.

Balance Sheet

LaSalle had cash and cash equivalents worth $444.29 million at the close of its books on September 30, 2017, compared to $134.65 million as on December 31, 2016. The Company had reported term-loan of $853.05 million as on September 30, 2017, and had a mortgage loan of $224.20 million as on the closing of books on September 30, 2017, compared to term-loan and mortgage loan of $852.76 million and $223.49 million, respectively, as on December 31, 2016.

Stock Performance

At the closing bell, on Thursday, October 26, 2017, LaSalle Hotel Properties' stock climbed 1.05%, ending the trading session at $28.00. A total volume of 1.54 million shares have exchanged hands, which was higher than the 3-month average volume of 1.10 million shares. The Company's stock price surged 14.94% in the previous twelve months. The stock is trading at a PE ratio of 15.87 and has a dividend yield of 6.43%. The stock currently has a market cap of $3.39 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily