Extract
Eagle Hospitality Announces 2006 Results.
2006 FFO Per Diluted Share Increases 19.7% to $0.91
COVINGTON, Ky. -- 2006 Highlights: * Net income to common shareholders of $3.1 million * FFO of $0.91 per diluted share * EBITDA of $45.3 million (48.1% increase over prior year) * RevPAR increases 10.6% over prior year * Acquisition of the Embassy Suites Boston at Logan International Airport * Board forms Special Committee to explore strategic alternatives * Conference call scheduled for February 22, 2007 at 9:00 am Eastern Time to discuss results & 2007 Outlook. Eagle Hospitality Properties Trust, Inc. (NYSE:EHP) today announced that 2006 net income available to common shareholders increased 4.4% to $3.1 million from $3.0 million in 2005. Fourth quarter 2006 net income available to common shareholders decreased to $0.2 million from $0.3 million in fourth quarter 2005. 2006 funds from operations ("FFO") increased 19.7% to $0.91 per diluted share, or $21.3 million, compared with $0.76 per diluted share, or $17.5 million, in 2005. For the fourth quarter, FFO increased 16.7% to $0.21 per di...See the full content of this document
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