BETHESDA, MD, July 22, 2009 -- LaSalle Hotel Properties (NYSE: LHO) today reported net
income to common shareholders of $8.2 million, or $0.16 per diluted share for the quarter ended June 30, 2009, compared to net income of $20.5 million, or $0.51 per diluted share for the second quarter of 2008.
For the quarter ended June 30, 2009, the Company generated funds from operations (“FFO”) of
$35.6 million versus $47.4 million for the second quarter of 2008. On a per diluted share basis, FFO for the second quarter was $0.70, compared to $1.18 for the same period of 2008.
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