Condor Hospitality Trust (CDOR) Tops Q4 EPS by 8c, Slight Miss on Revenues

Note: EPS may not be comparable

Condor Hospitality Trust (NASDAQ: CDOR) reported Q4 EPS of $0.10, $0.08 better than the analyst estimate of $0.02. Revenue for the quarter came in at $15.3 million versus the consensus estimate of $15.64 million.

FOURTH QUARTER RELEASE FINANCIAL HIGHLIGHTS

• Revenue Growth of 45.9% over Prior Year to $15.3 million
• Net Earnings Attributable to Common Shareholders of $1.2 million or $0.10 per Diluted Share
• Adjusted Funds from Operations Increased to $3.3 million or $0.28 per Diluted Share Versus a Loss in Last Year’s Fourth Quarter
• Hotel EBITDA Doubled to $6.0 million from $3.0 million, and Adjusted EBITDA Increased 250% Over Last Year’s Fourth Quarter
• Achieved 2.5% Fourth Quarter Same-Store RevPAR Growth over Prior Year*
• Expanded Fourth Quarter Same-Store Hotel EBITDA Margin by 340 Basis Points to 37.0% over Prior Year*

For earnings history and earnings-related data on Condor Hospitality Trust (CDOR) click here.

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