Preferred Stock Investing
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
LaSalle Hotel Properties | 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG)

This preferred is marked as having been called.
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
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. Co. primarily buys, owns, redevelops and leases hotels located in convention, resort and urban business markets. As of Dec 31 2013, Co. owned interests in 45 hotels with over 11,400 guest rooms located in 10 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 (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. owned, through direct and indirect interests, 99.7% of the common units of the Operating Partnership at Dec 31 2013.

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:  54 (see which ones)
Total Market Value Held by ETFs:  $669,647,948
Total Market Capitalization:  $4,168,000,000
% of Market Cap. Held by ETFs:  16.07%

Quotes delayed 20 minutes

LaSalle Hotel Properties | 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.