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LaSalle Hotel Properties

NYSE:LHO
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LHO
NYSE
$4B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The last earnings update was 31 days ago. More info.


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LHO Share Price and Events
7 Day Returns
-2.3%
NYSE:LHO
2.5%
US REITs
4.6%
US Market
1 Year Returns
13.7%
NYSE:LHO
-1%
US REITs
3%
US Market
LHO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LaSalle Hotel Properties (LHO) -2.3% -2.4% -8.7% 13.7% 18.7% 6.3%
US REITs 2.5% 3.9% -1.9% -1% 10.3% 30.7%
US Market 4.6% 0.3% -6.4% 3% 8% -53.4%
1 Year Return vs Industry and Market
  • LHO outperformed the REITs industry which returned -1% over the past year.
  • LHO outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
LHO
Industry
5yr Volatility vs Market

Value

 Is LaSalle Hotel Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LaSalle Hotel Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LaSalle Hotel Properties.

NYSE:LHO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:LHO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (31.09%))
0.593
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for NYSE:LHO using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for LaSalle Hotel Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

LaSalle Hotel Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:LHO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 221.27 213.35 225.60 238.54 252.23
Source Analyst x6 Analyst x4 Est @ 5.74% Est @ 5.74% Est @ 5.74%
Present Value
Discounted (@ 8.59%)
203.77 180.93 176.18 171.56 167.05
Present value of next 5 years cash flows $899.49
NYSE:LHO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $252.23 × (1 + 2.95%) ÷ (8.59% – 2.95%)
$4,604.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $4,604.09 ÷ (1 + 8.59%)5
$3,049.26
NYSE:LHO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $899.49 + $3,049.26
$3,948.75
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,948.75 / 110.54
$35.72
NYSE:LHO Discount to Share Price
Calculation Result
Value per share (USD) From above. $35.72
Current discount Discount to share price of $32.06
= -1 x ($32.06 - $35.72) / $35.72
10.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LaSalle Hotel Properties is available for.
Intrinsic value
10%
Share price is $32.06 vs Future cash flow value of $35.72
Current Discount Checks
For LaSalle Hotel Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LaSalle Hotel Properties's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • LaSalle Hotel Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LaSalle Hotel Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LaSalle Hotel Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:LHO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.50
NYSE:LHO Share Price ** NYSE (2018-11-30) in USD $32.06
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 29.53x
United States of America Market PE Ratio Median Figure of 2,990 Publicly-Listed Companies 18.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LaSalle Hotel Properties.

NYSE:LHO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LHO Share Price ÷ EPS (both in USD)

= 32.06 ÷ -0.50

-64.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LaSalle Hotel Properties is loss making, we can't compare its value to the US REITs industry average.
  • LaSalle Hotel Properties is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does LaSalle Hotel Properties's expected growth come at a high price?
Raw Data
NYSE:LHO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -64.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
33.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 1.07x
United States of America Market PEG Ratio Median Figure of 2,102 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for LaSalle Hotel Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LaSalle Hotel Properties's assets?
Raw Data
NYSE:LHO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $20.59
NYSE:LHO Share Price * NYSE (2018-11-30) in USD $32.06
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.72x
United States of America Market PB Ratio Median Figure of 5,006 Publicly-Listed Companies 1.86x
NYSE:LHO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LHO Share Price ÷ Book Value per Share (both in USD)

= 32.06 ÷ 20.59

1.56x

* Primary Listing of LaSalle Hotel Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LaSalle Hotel Properties is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess LaSalle Hotel Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. LaSalle Hotel Properties has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is LaSalle Hotel Properties expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LaSalle Hotel Properties expected to grow at an attractive rate?
  • LaSalle Hotel Properties's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • LaSalle Hotel Properties's earnings growth is expected to exceed the United States of America market average.
  • LaSalle Hotel Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:LHO Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:LHO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 33.6%
NYSE:LHO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.5%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:LHO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:LHO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,133 305 79 3
2019-12-31 1,106 279 75 6
2018-12-31 1,077 250 57 6
NYSE:LHO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,076 265 -55
2018-06-30 1,068 261 63
2018-03-31 1,072 273 87
2017-12-31 1,105 282 174
2017-09-30 1,135 302 184
2017-06-30 1,176 332 304
2017-03-31 1,220 348 304
2016-12-31 1,226 359 234
2016-09-30 1,233 348 236
2016-06-30 1,236 349 129
2016-03-31 1,226 345 129
2015-12-31 1,217 338 123

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LaSalle Hotel Properties's earnings are expected to grow significantly at over 20% yearly.
  • LaSalle Hotel Properties's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:LHO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from LaSalle Hotel Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LHO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.86 0.86 0.86 1.00
2019-12-31 0.73 0.85 0.62 2.00
2018-12-31 0.47 0.47 0.47 1.00
NYSE:LHO Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.50
2018-06-30 0.56
2018-03-31 0.77
2017-12-31 1.54
2017-09-30 1.63
2017-06-30 2.70
2017-03-31 2.69
2016-12-31 2.07
2016-09-30 2.09
2016-06-30 1.14
2016-03-31 1.15
2015-12-31 1.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if LaSalle Hotel Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LaSalle Hotel Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LaSalle Hotel Properties has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has LaSalle Hotel Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LaSalle Hotel Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LaSalle Hotel Properties does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare LaSalle Hotel Properties's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare LaSalle Hotel Properties's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
LaSalle Hotel Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LaSalle Hotel Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LHO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,076.44 -55.29 261.35
2018-06-30 1,067.70 63.17 259.28
2018-03-31 1,071.63 87.05 261.36
2017-12-31 1,104.82 174.17 268.03
2017-09-30 1,134.80 183.61 275.57
2017-06-30 1,175.88 304.38 282.33
2017-03-31 1,219.92 304.06 289.45
2016-12-31 1,225.62 234.01 290.91
2016-09-30 1,232.81 236.07 289.60
2016-06-30 1,235.59 128.54 290.43
2016-03-31 1,225.89 129.16 287.93
2015-12-31 1,216.58 122.84 286.68
2015-09-30 1,191.71 122.24 277.71
2015-06-30 1,170.00 175.85 270.14
2015-03-31 1,141.72 205.65 260.94
2014-12-31 1,109.78 197.01 251.17
2014-09-30 1,091.81 188.85 248.93
2014-06-30 1,053.80 119.39 241.43
2014-03-31 1,004.25 69.03 231.83
2013-12-31 977.29 70.63 225.65
2013-09-30 940.91 65.99 218.21
2013-06-30 907.93 63.98 211.19
2013-03-31 886.46 53.57 206.66
2012-12-31 867.08 44.88 201.02
2012-09-30 830.39 35.02 219.60
2012-06-30 792.52 22.95 200.35
2012-03-31 752.98 14.91 206.45
2011-12-31 719.01 11.97 199.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if LaSalle Hotel Properties has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if LaSalle Hotel Properties has efficiently used its assets last year compared to the US REITs industry average (Return on Assets) as it is loss-making.
  • LaSalle Hotel Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LaSalle Hotel Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LaSalle Hotel Properties has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is LaSalle Hotel Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LaSalle Hotel Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LaSalle Hotel Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LaSalle Hotel Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LaSalle Hotel Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LaSalle Hotel Properties Company Filings, last reported 2 months ago.

NYSE:LHO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,276.99 1,101.94 271.44
2018-06-30 2,361.82 1,101.90 242.84
2018-03-31 2,350.58 1,101.51 248.08
2017-12-31 2,476.46 1,143.62 411.56
2017-09-30 2,508.16 1,143.05 448.65
2017-06-30 2,527.98 1,142.97 464.88
2017-03-31 2,589.14 1,168.26 366.18
2016-12-31 2,561.36 1,119.63 137.95
2016-09-30 2,575.00 1,179.27 134.97
2016-06-30 2,468.06 1,373.66 43.05
2016-03-31 2,320.88 1,522.00 9.39
2015-12-31 2,377.48 1,426.03 7.31
2015-09-30 2,397.27 1,468.26 23.32
2015-06-30 2,410.62 1,392.40 26.73
2015-03-31 2,402.75 1,415.55 17.43
2014-12-31 2,448.39 1,021.86 115.65
2014-09-30 2,120.12 1,231.33 20.28
2014-06-30 2,057.44 1,330.71 13.24
2014-03-31 2,071.13 1,280.26 20.54
2013-12-31 2,109.46 1,255.06 18.00
2013-09-30 1,891.92 1,547.72 17.97
2013-06-30 1,891.29 1,221.67 19.95
2013-03-31 1,941.69 1,159.95 19.80
2012-12-31 1,858.93 1,259.98 35.09
2012-09-30 1,657.60 1,223.56 5.68
2012-06-30 1,651.39 1,191.79 24.37
2012-03-31 1,792.35 1,058.42 12.00
2011-12-31 1,771.24 951.40 20.23
  • LaSalle Hotel Properties's level of debt (48.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (81.5% vs 48.4% today).
  • Debt is well covered by operating cash flow (24%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess LaSalle Hotel Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LaSalle Hotel Properties has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is LaSalle Hotel Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from LaSalle Hotel Properties dividends. Estimated to be 3.47% next year.
If you bought $2,000 of LaSalle Hotel Properties shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate LaSalle Hotel Properties's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LaSalle Hotel Properties's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:LHO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1981 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:LHO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.10 2.00
2019-12-31 1.14 5.00
2018-12-31 1.09 6.00
NYSE:LHO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 0.000 0.000
2018-06-15 0.900 2.637
2018-03-15 1.800 5.889
2017-12-15 1.800 6.464
2017-09-15 1.800 6.273
2017-06-15 1.800 6.157
2017-03-15 1.800 6.212
2016-12-15 1.800 5.998
2016-09-15 1.800 7.011
2016-06-15 1.800 6.937
2016-03-10 1.800 7.496
2015-12-15 1.800 7.622
2015-09-15 1.800 6.211
2015-04-22 1.800 5.158
2015-03-13 1.500 3.879
2014-12-15 1.500 3.697
2014-09-15 1.500 4.030
2014-04-23 1.500 4.321
2014-03-14 1.120 3.480
2013-12-13 1.120 3.623
2013-07-17 1.120 3.884
2013-06-14 0.800 3.209
2013-03-15 0.800 3.079
2012-12-17 0.800 3.050
2012-09-12 0.800 3.200
2012-04-18 0.800 2.887
2012-03-15 0.440 1.559
2011-12-15 0.440 1.685
2011-09-15 0.440 2.040
2011-06-15 0.440 2.051
2011-03-15 0.440 1.657
2010-12-15 0.440 1.601
2010-09-14 0.440 1.842
2010-06-15 0.040 0.182
2010-03-15 0.040 0.171
2009-12-15 0.040 0.191
2009-09-15 0.040 0.208
2009-06-15 0.040 0.286
2009-02-04 0.040 0.532
2008-12-03 1.020 10.112

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as LaSalle Hotel Properties has not reported any payouts.
  • Unable to verify if LaSalle Hotel Properties's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LaSalle Hotel Properties's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LaSalle Hotel Properties has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (239.2x coverage).
X
Income/ dividend checks
We assess LaSalle Hotel Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LaSalle Hotel Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LaSalle Hotel Properties has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of LaSalle Hotel Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Barnello
COMPENSATION $6,096,400
AGE 53
TENURE AS CEO 9.3 years
CEO Bio

Mr. Michael D. Barnello, also known as Mike, has been the Chief Executive Officer at LaSalle Hotel Properties since September 13, 2009 and has been its President since May 31, 2008. Previously, Mr. Barnello served as the Chief Operating Officer and Executive Vice President of Acquisitions at LaSalle Hotel Properties from January 1998 to September 14, 2009. Mr. Barnello joined Jones Lang LaSalle in April 1995 as a Vice President. He served as President at LaSalle Hotel Lessee, Inc. Prior to April 1995, he was a Vice President at Strategic Realty Advisors, where he was responsible for hotel asset management since 1990. Mr. Barnello was a Vice President of Stone-Levy LLC, where he was responsible for hotel acquisitions. He has been a Trustee of LaSalle Hotel Properties since July 2008. Mr. Barnello is a Member o the Board of Governors of the National Association of Real Estate Investment Trusts. He has been an Independent Director of Home Properties Inc., since October 22, 2013. Mr. Barnello received a B.S. in Hotel Administration from the Cornell School of Hotel Administration.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the LaSalle Hotel Properties management team in years:

7
Average Tenure
50
Average Age
  • The average tenure for the LaSalle Hotel Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Barnello

TITLE
President
COMPENSATION
$6M
AGE
53
TENURE
9.3 yrs

Ken Fuller

TITLE
CFO, Executive VP
COMPENSATION
$2M
AGE
40
TENURE
2.7 yrs

Al Young

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
50
TENURE
9.1 yrs

Ian Gaum

TITLE
Chief Investment Officer
TENURE
5 yrs

Max Leinweber

TITLE
Vice President of Finance & Asset Management
Board of Directors Tenure

Average tenure and age of the LaSalle Hotel Properties board of directors in years:

9.3
Average Tenure
64
Average Age
  • The tenure for the LaSalle Hotel Properties board of directors is about average.
Board of Directors

Stuart Scott

TITLE
Chairman of the Board of Trustees
COMPENSATION
$170K
AGE
79
TENURE
9.3 yrs

Mike Barnello

TITLE
President
COMPENSATION
$6M
AGE
53
TENURE
10.4 yrs

Don Washburn

TITLE
COMPENSATION
$155K
AGE
74
TENURE
20.9 yrs

Darryl Hartley-Leonard

TITLE
COMPENSATION
$170K
AGE
72
TENURE
20.9 yrs

Jeff Foland

TITLE
COMPENSATION
$170K
AGE
47
TENURE
6.9 yrs

Denise Coll

TITLE
COMPENSATION
$170K
AGE
64
TENURE
5.8 yrs

Jeff Martin

TITLE
COMPENSATION
$155K
AGE
58
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Aug 18 Sell HG Vora Capital Company 23. Jul 18 23. Jul 18 -1,000,000 $35.06 $-35,060,000
22. Jun 18 Sell Pebblebrook Hotel L.P. Company 04. May 18 04. May 18 -222,345 $29.94 $-6,657,699
22. Jun 18 Buy Pebblebrook Hotel L.P. Company 06. Jun 18 21. Jun 18 5,593,459 $35.51 $197,842,857
14. May 18 Buy HG Vora Capital Company 24. Apr 18 09. May 18 750,000 $30.68 $22,821,180
23. Apr 18 Buy HG Vora Capital Company 17. Apr 18 23. Apr 18 1,250,000 $31.27 $38,830,224
02. Apr 18 Sell HG Vora Capital Company 06. Feb 18 06. Feb 18 -6,712 $28.30 $-189,950
02. Apr 18 Buy HG Vora Capital Company 01. Feb 18 29. Mar 18 5,756,712 $30.42 $163,395,333
02. Mar 18 Buy Michael Barnello Individual 02. Mar 18 02. Mar 18 19,398 $24.65 $478,180
X
Management checks
We assess LaSalle Hotel Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LaSalle Hotel Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

How Much is LaSalle Hotel Properties's (NYSE:LHO) CEO Getting Paid?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Should You Buy LaSalle Hotel Properties (NYSE:LHO) Now?

LaSalle Hotel Properties (NYSE:LHO), a reits company based in United States,. … led the NYSE gainers with a relatively large price hike in the past couple of weeks. … Let’s examine LaSalle Hotel Properties’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Did Insiders Buy On LaSalle Hotel Properties's (NYSE:LHO) Price Volatility?

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. … LaSalle Hotel Properties's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal

Simply Wall St -

How To Look At LaSalle Hotel Properties (NYSE:LHO)

LaSalle Hotel Properties is a US$3.53B mid-cap real estate investment trust (REIT) based in Bethesda, United States. … See our latest analysis for LaSalle Hotel Properties REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. … Next Steps: LaSalle Hotel Properties can bring diversification into your portfolio due to its unique REIT characteristics.

Simply Wall St -

LaSalle Hotel Properties (NYSE:LHO): What You Have To Know Before Buying For The Upcoming Dividend

On the 16 April 2018, LaSalle Hotel Properties (NYSE:LHO) will be paying shareholders an upcoming dividend amount of $0.45 per share. … Check out our latest analysis for LaSalle Hotel Properties 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:LHO Historical Dividend Yield Mar 24th 18 Does LaSalle Hotel Properties pass our checks?

Simply Wall St -

At $28.64, Is LaSalle Hotel Properties (NYSE:LHO) A Buy?

LaSalle Hotel Properties (NYSE:LHO), a reits company based in United States, received a lot of attention from a substantial price movement on the NYSE in the over the last few months, increasing to $30.76 at one point, and dropping to the lows of $27.47. … Great news for investors – LaSalle Hotel Properties is still trading at a fairly cheap price. … What kind of growth will LaSalle Hotel Properties generate?

Simply Wall St -

LaSalle Hotel Properties (NYSE:LHO): What You Have To Know Before Buying For The Upcoming Dividend

See our latest analysis for LaSalle Hotel Properties 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:LHO Historical Dividend Yield Dec 24th 17 How well does LaSalle Hotel Properties fit our criteria? … Not only have dividend payouts from LaSalle Hotel Properties fallen over the past 10 years, it has also been highly volatile during this time, with drops of over 25% in some years.

Simply Wall St -

Have Investors Already Priced In Real Estate Growth For LaSalle Hotel Properties (NYSE:LHO)?

LaSalle Hotel Properties (NYSE:LHO), a USD$3.18B mid-cap, operates in the real estate industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … Real estate analysts are forecasting for the entire industry, negative growth in the upcoming year. … In this article, I’ll take you through the real estate sector growth expectations, as well as evaluate whether LHO is lagging or leading its competitors in the industry.

Simply Wall St -

Company Info

Map
Description

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging groups, including Access Hotels & Resorts, Accor, Benchmark Hospitality, Davidson Hotel Company, Evolution Hospitality, HEI Hotels & Resorts, Highgate Hotels, Hilton, Hyatt Hotels Corporation, IHG, JRK Hotel Group, Inc., Marriott International, Noble House Hotels & Resorts, Outrigger Lodging Services, Provenance Hotels, Two Roads Hospitality, and Viceroy Hotel Group.

Details
Name: LaSalle Hotel Properties
LHO
Exchange: NYSE
Founded: 1998
$3,544,007,297
$3,539,351,448
110,542,960
Website: http://www.lasallehotels.com
Address: LaSalle Hotel Properties
7550 Wisconsin Avenue,
10th Floor,
Bethesda,
Maryland, 20814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LHO Common Shares New York Stock Exchange US USD 24. Apr 1998
DB LH9 Common Shares Deutsche Boerse AG DE EUR 24. Apr 1998
NYSE LHO.PRJ PFD SER J BEN New York Stock Exchange US USD 19. May 2016
NYSE LHO.PRI PFD SER I SHS New York Stock Exchange US USD 07. Mar 2013
NYSE LHO PRECL PFD SER E SBI New York Stock Exchange US USD 21. Feb 2006
Number of employees
Current staff
Staff numbers
36
LaSalle Hotel Properties employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/02 21:09
End of day share price update: 2018/11/30 00:00
Last estimates confirmation: 2018/11/30
Last earnings filing: 2018/11/01
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.