PRA Group (NASDAQ: PRAA) reported Q1 EPS of $0.47, $0.12 better than the analyst estimate of $0.35. Revenue for the quarter came in at $223.18 million versus the consensus estimate of $208.45 million.

Highlights

• Sold the Sheraton Philadelphia Society Hill Hotel for $95.5 million, representing a 14.7x EBITDA multiple and a 5.6% cap rate on 2017 results
• Redeemed $524.0 million of 5.625% Senior Secured Notes due 2023
• Improved debt maturity profile and reduced pricing by amending three unsecured term loans with an aggregate principal amount of $775.0 million
• Pro forma RevPAR decreased 0.7%, Pro forma ADR decreased 0.8%, and Pro forma Occupancy increased 0.1%
• Net income of $23.9 million
• Adjusted EBITDA of $115.8 million
• Adjusted FFO per diluted common share and unit of $0.47

For earnings history and earnings-related data on PRA Group (PRAA) click here.