Supertel Hospitality, Inc. (SPPR) reported second-quarter net income attributable to the company of $1.6 million or $0.07 per share, compared to the net loss of $4.5 million or $0.20 per share in the comparable quarter last year.
Funds from Operations, or FFO, for the quarter rose to $3.6 million or $0.07 per share, from $2.6 million or $0.11 per share in the year-ago quarter.
Excluding items, adjusted FFO for the quarter was $2.9 million or $0.05 per share, compared to $2.6 million or $0.11 per share last year.
On average, 2 analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the latest quarter rose to $21.6 million from $20.4 million last year. Analysts expected revenues of $21.32 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.