CorePoint Lodging Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues were $233 million against $225 million a year ago. Operating loss was $2 million against income of $45 million a year ago. Loss from continuing operations before income taxes was $26 million against income of $33 million a year ago. Net loss attributable to La Quinta Holdings' stockholders was $48 million against income of $17 million a year ago. Basic and diluted loss per share was $0.82 compared to EPS of $0.29 a year ago. Basic and diluted loss per share from continuing operations was $0.48 compared to EPS of $0.32 a year ago. EBITDA was $31 million against $79 million a year ago. EBITDAre was $34 million against $78 million a year ago. Adjusted EBITDAre was $70 million against $85 million a year ago. Pro Forma Adjusted EBITDAre was $58 million against $68 million a year ago. Adjusted FFO attributable to stockholders was $53 million against $61 million a year ago. Pro forma adjusted FFO attributable to stockholders was $42 million against $52 million a year ago. Pro forma adjusted funds from operations per share-diluted was $0.71 against $0.89 a year ago. In terms of capital investment, the company invested $45 million during the second quarter, of which $18 million was part of its ongoing hotels strategic repositioning program.

For the period, the company reported total revenues were $429 million against $429 million a year ago. Loss from continuing operations before income taxes was $37 million against income of $43 million a year ago. Net loss attributable to La Quinta Holdings' stockholders was $63 million against income of $18 million a year ago. Basic and diluted loss per share was $1.08 compared to EPS of $0.31 a year ago. Basic and diluted loss per share from continuing operations was $0.65 compared to EPS of $0.41 a year ago. EBITDA was $70 million against $135 million a year ago. EBITDAre was $72 million against $132 million a year ago. Adjusted EBITDAre was $122 million against $147 million a year ago. Pro Forma Adjusted EBITDAre was $95 million against $116 million a year ago. Adjusted FFO attributable to stockholders was $94 million against $107 million a year ago. Pro forma adjusted FFO attributable to stockholders was $64 million against $84 million a year ago. Pro forma adjusted funds from operations per share-diluted was $1.09 against $1.44 a year ago.

The company anticipated its full-year 2018 guidance. The Pro Forma Adjusted EBITDAre will be in the range of $177 million to $187 million. The company currently estimated the impact of the ongoing disruption caused by Hurricanes Harvey and Irma to result in a reduction of approximately $18 million to $22 million of Pro Forma Adjusted EBITDAre for the full-year 2018, which is captured in its outlook range. The majority of these losses are expected to be recovered in the future through the company's business interruption insurance coverage. Pro Forma Adjusted EBITDAre assumes an annual run rate of approximately $20 million for corporate general and administrative expenses, excluding stock-based compensation expense and separation costs related to the spin-off. The company expects to invest a substantial majority of the remaining approximately $20 million of capital spend associated with this program in the second half of 2018.