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Overview of selected REIT’s
Number of Rooms Average Daily Rate, 2016 Occupancy rate Room Revenue, 2016 Market concentration RLJ 20,100 128.91 78.20% 1,159,995 Major urban locations with high business concentration wihtin 21 states HST 49,376 225.01 78.50% 5,430,000,000 HOST owns or has interest in approximately 59,000 rooms around the globe LHO 11,450 243.12 83.90% 867,882,000 Major coastal cities along the west-coast and northeast. Host Hotel & Resort (HST) is an incorporated real estate investment trust company that invests in hotels and luxurious upper upscale lodgers and resorts. The company’s HQ is in Maryland. The company operates as a self-managed and self0 administrated entity. It owns and manages major urban hotel centers and a chain of resorts destinations. RLJ Lodging Trust (“RLJ”) is a self-advised, publicly traded REIT focused on acquiring premium branded, focused-service and compact full-service hotels. RLJ hotels are geographically diverse and primarily concentrated in major urban markets that provide multiple demand generators from business, leisure and other travelers. LaSalle Hotel Properties (“LHO”) is a publicly traded REIT, engaged in the purchase, ownership, redevelopment, of upscale and luxury full-service hotels in convention, resort, and CBD markets throughout the United States with a focus on dense coastal centers. The company was founded in 1998 and is based in Bethesda, Maryland.
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Cash Flow Comparison HST RLJ LHO Net Cash from Operating
Net Cash from Investing Net Cash from Financing HST $ ,303,000,000 $ (115,000,000) $ (1,037,000,000) RLJ $ ,363,000 $ ,371,000 $ (182,254,000) LHO $ ,251,000 $ ,154,000 $ (384,453,000)
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Cash Flow Comparison
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Ratio Analysis Current Ratio Cash Flow Ratio Total Asset Turnover Return on Asset Debt to Asset Ratio Earnings per share Dividends Yield FFO RLJ 0.98 0.6 0.29 5.00% 44.50% 15.21 6% 319,885,000 HST 1.35 0.92 0.47 6.57% 31.99% 0.28 4.5% 1,291,000 LHO 1.31 0.4 0.3 5.93% 43.67% 0.19 322,562,000 AVERAGE 1.2 5.83% 40.05 11.2 5.6 214,579,333
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Horizontal Analysis Percentage change in Balance sheet and Income statement, 2015-2016
Assets Liabilities Retained Earnings Revenue Net Income Expenses HST -2.2% -4.7% 1.5% 27% .5% RLJ 1.2% 8.0% 94% 2.0% -9.0% LHO 1% 8.3% 90% 86.7% 1.1%
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Assets, hotel properties Net Income (% of revenue)
Vertical Analysis Percentage of Assets from Balance sheet and Total revenue from Income statement, 2016 Assets, hotel properties Retained Earnings Liabilities Net Income (% of revenue) Operating Expenses HST 64% 8.4% 47% 19% 56% RLJ 83% 1% 44% 17% 58% LHO 93% 5% 35.05% 20.61% 70.40%
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