LaSalle Hotel Properties (LaSalle Hotel Properties) Net-Net Working Capital : $-9.94 (As of Sep. 2018)

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What is LaSalle Hotel Properties Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

LaSalle Hotel Properties's Net-Net Working Capital for the quarter that ended in Sep. 2018 was $-9.94.

The industry rank for LaSalle Hotel Properties's Net-Net Working Capital or its related term are showing as below:

LHO's Price-to-Net-Net-Working-Capital is not ranked ^*
in the REITs industry.
Industry Median: 13.22
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

LaSalle Hotel Properties Net-Net Working Capital Historical Data

The historical data trend for LaSalle Hotel Properties's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LaSalle Hotel Properties Net-Net Working Capital Chart

LaSalle Hotel Properties Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Net-Net Working Capital

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-13.79

-9.78

-14.51

-10.74

-7.86

LaSalle Hotel Properties Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Net-Net Working Capital	Get a 7-Day Free Trial															-7.67	-7.86	-9.50	-9.35	-9.94

Competitive Comparison of LaSalle Hotel Properties's Net-Net Working Capital

For the REIT - Hotel & Motel subindustry, LaSalle Hotel Properties's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LaSalle Hotel Properties's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, LaSalle Hotel Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where LaSalle Hotel Properties's Price-to-Net-Net-Working-Capital falls into.

LaSalle Hotel Properties Net-Net Working Capital Calculation

LaSalle Hotel Properties's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

	Net-Net Working Capital		(A: Dec. 2017 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(400.667	+	0.75 * 35.916	+	0.5 * 49.459	-	1338.48
-	0.104	-	3.31)	/	113.209
=	-7.86

LaSalle Hotel Properties's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2018 is calculated as

	Net-Net Working Capital		(Q: Sep. 2018 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(248.164	+	0.75 * 41.732	+	0.5 * 18.681	-	1382.464
-	0.104	-	3.341)	/	110.398
=	-9.94

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

LaSalle Hotel Properties (NYSE:LHO) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

LaSalle Hotel Properties Net-Net Working Capital Related Terms

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LaSalle Hotel Properties (LaSalle Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LaSalle Hotel Properties (NYSE:LHO) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.lasallehotels.com

LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.

Executives

Jeffrey T. Foland	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666
Donald A Washburn	director	222 SW HARRISON STREET, APT 23C, PORTLAND OR 97201
Leonard Darryl Hartley	director	PGI, 44 CANAL CENTER PLAZA SECOND FL, ALEXANDRIA VA 22314
Stuart L Scott	director	JONES LANG LASALLE INCORPORATED, 200 E RANDOLPH DR, CHICAGO IL 60601
Michael D Barnello	director, officer: President and CEO	LASALLE HOTEL PROPERTIES, 4800 MONTGOMERY LANE STE M25, BETHESDA MD 20814
Alfred L. Young	officer: EVP and COO	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Denise M Coll	director	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Kenneth G Fuller	officer: EVP, CFO, Secretary, Treasurer	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Jeffrey L Martin	director	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
William S Mccalmont	director	3300 DREXEL, DALLAS TX 75205
Bruce A Riggins	officer: EVP	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Donald S Perkins	director	1319 MARQUETTE DR, ROMEOVILLE IL 60441
Kelly L Kuhn	director	84 INVERNESS CIRCLE EAST, ENGLEWOOD CO 80112
Hans S Weger	officer: Chief Financial Officer	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Julio E Morales	officer: Chief Accounting Officer	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814