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Condor Hospitality reiterates FY'18 AFFO guidance

Condor Hospitality Trust Inc. reaffirmed its full-year adjusted funds from operations guidance at between $1.13 and $1.19 per share in announcing its first-quarter results.

The hotel real estate investment trust also disclosed that it sold 12,334 shares of its common stock for an average sales price of $10.40 per share under its at-the-market offering program in the first quarter, for net proceeds of roughly $103,000.