Supertel Hospitality, Inc. (SPPR: Quote) 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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by RTT Staff Writer
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