Supertel Hospitality Inc. (SPPR) filed Quarterly Report for the period ended 2012-09-30.
Supertel Hospitality, Inc. has a market cap of $24.4 million; its shares were traded at around $0.97 with a P/E ratio of 7.6 and P/S ratio of 0.3.
Highlight of Business Operations:The income tax expense/benefit from continuing operations is related to the taxable income/loss from our taxable subsidiary, the TRS Lessee. Management believes the combined federal and state income tax rate for the TRS Lessee will be approximately 38%. The tax expense is a result of TRS Lessees income for the three months ended September 30, 2012. The income tax will vary based on the taxable earnings or loss of the TRS Lessee.
The income tax expense/benefit from continuing operations is related to the taxable income/loss from the TRS Lessee. The tax expense/benefit is a result of TRS Lessees losses for the nine months ended September 30, 2012 and the year ago period. The income tax expense/benefit will vary based on the taxable earnings/losses of the TRS Lessee.
On March 29, 2011, we entered into an equity distribution agreement with JMP Securities LLC (JMP) pursuant to which we may offer and sell up to 2.0 million shares of common stock from time to time through JMP. Sales of shares of the Company common stock, if any, under the agreement may be made in negotiated transactions or other transactions that are deemed to be at the market offerings, including sales made directly on the Nasdaq Global Market or sales made to or through a market maker other than on an exchange. The common stock will be sold pursuant to our registration statement on Form S-3 (333-170756). During the nine months ended September 30, 2012 no shares were issued.
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