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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.