LaSalle Hotel Properties (LHO) reported that its third-quarter net income attributable to shareholders decreased to $3.431 million from $12.533 million last year. Earnings per share attributable to shareholders excluding amounts attributable to unvested restricted shares decreased to $0.05 from $0.30 a year ago.
Funds from operations decreased to $30.658 million from $39.909 million last year. On a per share basis, FFO was $0.49 compared to $0.99 last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues were $162.707 million compared to $195.606 million prior year. Analysts expected revenue of $162.74 milllion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.