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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