Condor Hospitality Trust Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported room rentals and other hotel services of $17,834,000 compared to $14,252,000 a year ago. Operating income was $2,958,000 compared to $1,533,000 a year ago. Earnings before income taxes was $2,961,000 against $5,027,000 a year ago. Net earnings attributable to common shareholders were $2,741,000 or $0.23 per diluted share compared to $4,654,000 or $0.37 per diluted share a year ago. FFO was $3,755,000 compared to $2,604,000 a year ago. FFO attributable to common shares and partnership units was $3,610,000 or $0.30 per diluted share compared to $2,333,000 or $0.18 per diluted share a year ago. AFFO attributable to common shares and partnership units was $4,198,000 or $0.34 per diluted share compared to $2,843,000 or $0.24 per diluted share a year ago. EBITDA was $8,306,000 against $8,432,000 a year ago. Adjusted EBITDAre was $6,596,000 against $4,131,000 a year ago. Hotel EBITDA was $8,017,000 compared to $5,666,000 a year ago.

For the six months, the company reported room rentals and other hotel services of $34,513,000 compared to $24,613,000 a year ago. Operating income was $5,076,000 compared to $893,000 a year ago. Earnings before income taxes was $3,882,000 compared to $2,627,000 a year ago. Net loss attributable to common shareholders was $3,383,000 or $0.28 per diluted share compared to loss of $9,299,000 or $1.28 per diluted share a year ago. FFO was $7,029,000 compared to $1,884,000 a year ago. FFO attributable to common shares and partnership units was $6,740,000 or $0.56 per diluted share compared to negative FFO of $9,990,000 or $1.35 per diluted share a year ago. AFFO attributable to common shares and partnership units was $7,700,000 or $0.63 per diluted share compared to $3,163,000 or $0.40 per diluted share a year ago. EBITDA was $14,191,000 against $9,870,000 a year ago. Adjusted EBITDAre was $12,393,000 against $6,591,000 a year ago. Hotel EBITDA was $15,384,000 compared to $9,674,000 a year ago.

The company provided earnings guidance for the full year of 2018. For the period, the company's forecast hotel revenue is in the range of $74.0 million to million $75.4 million, forecastnet earnings in the range of $1.7 million to $2.5 million, forecast earnings per share - Diluted in the range of $0.09 to $0.16, forecast Hotel EBITDA in the range of $28.8 million to $29.7 million, forecast AFFO per common share and common unit - Diluted in the range of $1.13 to $1.19 a year ago. forecast net earnings in the range of $1.7 million to $2.5 million, Interest expense in the range of $8.5 million to $8.5 million, Depreciation and amortization expense in the range of $11.4 million to $11.4 million, forecast EBITDA in the range of $21.5 million to $22.4 million, forecast EBITDAre in the range of $21.5 million to $22.4 million, forecast Adjusted EBITDAre in the range of $22.5 million to $23.4 million, forecast Hotel EBITDA in the range of $28.8 million to $29.7 million, forecast FFO in the range of $13.1 million to $13.9 million, forecast FFO attributable to common shares and common units in the range of $12.5 million to $13.3 million, forecast AFFO attributable to common shares and common units - Diluted in the range of $14.3 million to $15.1 million, forecast AFFO per common share and common unit - Diluted in the range of $1.13 to 1.19.