Strategic Hotels & Resorts Q3 FFO Rises - Quick Facts

(RTTNews) - Strategic Hotels & Resorts, Inc. (BEE) Monday said third-quarter funds from operations, or FFO, increased to $29.8 million or $0.14 per share from $17.0 million or $0.08 per share last year.

For the third quarter, the company recorded a profit of $3.8 million, compared to a loss of $8.6 million in the same period last year. On a per-share basis, earnings were breakeven, compared to a loss of $0.05 per share last year.

Consolidated revenues increased 16.2 percent to $237.6 million from $204 million last year. Analysts expected revenues of $234.15 million.

Looking ahead to the fiscal year 2013, the company has lifted its FFO outlook to a range of $0.38 - $0.43 per share, up from its previous guidance range of $0.35 to $0.40 per share.

Analysts currently expect the company to report full-year earnings of $0.37 per share on revenues of $915.23 million.