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LaSalle Hotel Properties | 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG)

Prospectus exerpt:  We are offering 4,000,000 shares of our 7.25% Series G Cumulative Redeemable Preferred Shares, par value $.01 per share. We will pay cumulative distributions on the Series G Preferred Shares from (but excluding) the date of original issuance in the amount of $1.8125 per share each year, which is equivalent to 7.25% of the $25.00 liquidation preference per share. Distributions on the Series G Preferred Shares will be payable quarterly in arrears, beginning in January 2007.

Generally, we may not redeem the Series G Preferred Shares until November 17, 2011. On or after November 17, 2011, we may, at our option, redeem the Series G Preferred Shares, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid distributions to and including the date of redemption. Under limited circumstances, we are required to pay a distribution rate on the Series G Preferred Shares of 8.25% of the liquidation preference per annum. In that event, we may redeem the Series G Preferred Shares, whether before or after November 17, 2011. The Series G Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed.

Full Prospectus PDF », LHO Page »

Series:G
Redeemable?:Yes
Call Date:11/17/2011 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Liquidation Preference:$25
Recent Market Price:$25.40
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.40 (1.60%)
Annualized Dividend:1.8125
Recent Ex-Date:3/28/2014
Current Yield:7.14%
Original Coupon:7.250%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust that is engaged in buying, owning, redeveloping, and leasing full-service hotels located in convention, resort and major urban business markets. As of Dec 31 2012, Co. owned interests in 40 hotels with over 10,600 guest rooms located in nine states and the District of Columbia. Substantially all of Co.'s assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, LP.

Preferreds: LHO.PRH, LHO.PRG, LHO.PRI


Open the LHO Information Page »
Name:  LaSalle Hotel Properties
Website:  www.lasallehotels.com
Sector:  REITs
Number of ETFs Holding LHO:  51 (see which ones)
Total Market Value Held by ETFs:  $510,780,044
Total Market Capitalization:  $3,342,000,000
% of Market Cap. Held by ETFs:  15.28%

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