Exhibit 99.1
 
 
3 Bethesda Metro Center, Suite 1200, Bethesda, MD 20814
 
 
PH 301.941.1500, FX 301.941.1553
 
 
www.lasallehotels.com
 
 
 
 
 
 
 
 
News Release

LASALLE HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2013 RESULTS
Company achieves highest-ever ADR, Occupancy, RevPAR and Hotel EBITDA Margin

BETHESDA, MD, February 19, 2014
-- LaSalle Hotel Properties (NYSE: LHO) today announced results for the quarter and year ended December 31, 2013. The Company’s results include the following:
 
 
Fourth Quarter
 
Year-to-Date
 
 
2013
 
2012
 
2013
 
2012
 
 
($'s in millions except per share/unit data)
 
 
 
 
 
 
 
 
 
Portfolio excluding Park Central Hotel
 
 
 
 
 
 
 
 
RevPAR
 
$
157.05

 
$
149.24

 
$
167.39

 
$
158.48

RevPAR growth
 
5.2
%
 
 
 
5.6
%
 
 
Hotel EBITDA Margin
 
29.9
%
 
 
 
32.3
%
 
 
Hotel EBITDA Margin growth
 
142bps

 
 
 
84bps

 
 
 
 
 
 
 
 
 
 
 
Entire Portfolio (Including Park Central Hotel)
 
 
 
 
 
 
 
 
RevPAR
 
$
163.96

 
$
158.78

 
$
167.62

 
$
163.10

RevPAR growth
 
3.3
%
 
 
 
2.8
%
 
 
Hotel EBITDA Margin
 
30.6
%
 
 
 
32.2
%
 
 
Hotel EBITDA Margin growth
 
20bps

 
 
 
19bps

 
 
 
 
 
 
 
 
 
 
 
Total Revenue
 
$
252.0

 
$
215.7

 
$
977.3

 
$
867.1

EBITDA(1)
 
$
68.6

 
$
62.3

 
$
290.7

 
$
253.5

Adjusted EBITDA(1)
 
$
72.9

 
$
62.2

 
$
300.1

 
$
263.2

FFO(1)
 
$
51.5

 
$
41.4

 
$
215.2

 
$
169.6

Adjusted FFO(1)
 
$
55.8

 
$
41.3

 
$
224.6

 
$
179.3

FFO per diluted share/unit(1)
 
$
0.50

 
$
0.47

 
$
2.21

 
$
1.97

Adjusted FFO per diluted share/unit(1)
 
$
0.55

 
$
0.47

 
$
2.30

 
$
2.08

Net income attributable to common shareholders
 
$
14.7

 
$
10.0

 
$
71.0

 
$
45.1

Net income attributable to common shareholders per diluted share
 
$
0.14

 
$
0.11

 
$
0.73

 
$
0.52


(1) See tables later in press release, which list adjustments that reconcile net income to earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, funds from operations ("FFO"), FFO per share/unit, adjusted FFO, adjusted FFO per share/unit and Hotel EBITDA. EBITDA, adjusted EBITDA, FFO, FFO per share/unit, adjusted FFO, adjusted FFO per share/unit and Hotel EBITDA are non-GAAP financial measures. See further discussion of these non-GAAP measures and reconciliations to net income later in this press release.




The following information was filed by Lasalle Hotel Properties (LHO) on Wednesday, February 19, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Lasalle Hotel Properties's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Lasalle Hotel Properties.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account