Daytrading, Eminis, Forex trading, Swing Trading TOP STORY - 485839

The Chicago, Illinois-based company posted third quarter funds from operations of $25.6 million or $0.33 per fully converted share, up from $13.

0 million or $0.28 per fully converted share, in the comparable quarter a year ago. The company reported third quarter net income available to common shareholders of $91.

4 million or $1.21 per share, compared to net loss available to common shareholders of $1.2 million or $0.

03 per share, in the previous year quarter. The company said excluding planning costs of $0.6 million related to the New Orleans Jazz District, net tax benefits of $0.

2 million, and loss on early extinguishments of debt of $0.9 million, comparable FFO was $27.0 million or $0.

35 per converted share, for the third quarter of 2006, compared to $13.0 million or $0.28 per converted share, for the third quarter of 2005.

On average, 8 analysts polled by First call/Thomson Financial expected the company to earn $0.38 per share for the third quarter. Quarterly revenue grew to $201.

4 million from $107.2 million in the corresponding quarter last year.Six analysts had a revenue consensus estimate of $206.

55 million for the third quarter. North American same store portfolio total revenue per available room increased 6.1% during the third quarter of 2006, driven by 2.

2% growth in non-rooms revenues and 9.0% growth in revenue per available room. North American portfolio total revenue per available room rose 7.

4% in the third quarter of 2006, due to 4.8% growth in non-room revenues and 9.3% growth in revenue per available room.

The company's European hotels' total revenue per available room for the third quarter of 2006 improved by 16.3% compared to prior year quarter. During the third quarter the company entered into an agreement to acquire at completion new hotel development space in the Aqua Building, a to-be-built mixed use building adjacent to the company's Fairmont Chicago property in Chicago, Illinois, for $82.

4 million. Also the company closed on the acquisition of the Ritz-Carlton Laguna Niguel in Dana Point, California for $330.0 million, in addition to the assumption of $8.

6 million of debt. For the nine-month period, the company's funds from operations was $67.1 million or $0.

99 per converted share, compared to $52.1 million or $1.24 per converted share, in the nine-month period prior year.

Net income available to common shareholders was $101.7 million or $1.54 per share for the nine-month period, higher than $9.

5 million or $0.29 per share, in the same period last year. Revenue for the nine-month period increased to $476.

8 million from $309.8 million in the nine-month period of 2005. The company has declared a quarterly dividend of $0.

23 per share of common stock, payable to shareholders of record as of September 29, 2006 and was paid on October 10, 2006. Looking ahead to the fourth quarter, the company expects Comparable FFO to be in the range of $20.1 - $22.

6 million, and Comparable FFO per converted share to be in the range of $0.26 - $0.29.

Analysts project the company to earn $0.35 per share. The company anticipates net loss to be between $5.

7 million and $3.3 million for the fourth quarter. The company revised its fiscal 2006 guidance for Comparable FFO, FFO per fully converted share.

Comparable FFO are expected to be in the range of $95.5 -$98.0 million, and Comparable FFO per fully converted share to be between $1.

36 and $1.40. Analysts are of the view that the company would earn about $1.

48 per share. Net income for fiscal 2006 is estimated to be between $96.1 million and $98.

5 million. Previously, Strategic estimated fiscal 2006 comparable FFO to be in the range of $101.5 - $106.

5 million, and Comparable FFO per fully converted share in the range of $1.45 - $1.52.

BEE closed Monday's regular trading session at $20.90, up $0.38 or 1.

85%.