Wednesday, July 21, 2010

LaSalle Hotel Properties Reports Second Quarter Results

BETHESDA, Md., Jul 21, 2010 (BUSINESS WIRE) -- LaSalle Hotel Properties /quotes/comstock/13*!lho/quotes/nls/lho (LHO 21.66, -0.42, -1.90%) today reported net income to common shareholders of $8.0 million, or $0.11 per diluted share for the quarter ended June 30, 2010, compared to net income of $8.2 million, or $0.16 per diluted share for the second quarter of 2009.

For the quarter ended June 30, 2010, the Company generated funds from operations ("FFO") of $35.9 million versus $35.6 million for the second quarter of 2009. On a per diluted share basis, FFO for the second quarter was $0.52, compared to $0.70 for the same period of 2009.

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