Sotherly Hotels Expects Q4 Total Revenue Of $40.494M-$41.970M, Adjusted FFO Per Share Of $0.06-$0.08
$SOHO
Real Estate Investment Trusts
Real Estate
Sotherly Hotels Expects Q4 Total Revenue Of $40.494M-$41.970M, Adjusted FFO Per Share Of $0.06-$0.08
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3 - Sotherly Hotels Inc. (0001301236) (Issuer)
4 - Sotherly Hotels Inc. (0001301236) (Issuer)
4 - Sotherly Hotels Inc. (0001301236) (Issuer)
DEF 14A - Sotherly Hotels Inc. (0001301236) (Filer)
DEFA14A - Sotherly Hotels Inc. (0001301236) (Filer)
DEF 14A - Sotherly Hotels Inc. (0001301236) (Filer)
SC 13G/A - Sotherly Hotels Inc. (0001301236) (Subject)
SC 13G/A - Sotherly Hotels Inc. (0001301236) (Subject)
SC 13G - Sotherly Hotels Inc. (0001301236) (Subject)
WILLIAMSBURG, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the third quarter ended September 30, 2024. The Company's results include the following*: Three Months Ended Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue$40,700 $39,181 $137,943 $131,690 Net loss attributable to common stockholders (5,604) (3,904) (3,641) (1,353) EBITDA 6,424 6,
WILLIAMSBURG, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock. The Board of Directors authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company's 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on December 16, 2024, to shareholders of record as of November 29, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of
WILLIAMSBURG, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the third quarter 2024 prior to the market opening on Tuesday, November 12, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's third quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call w
2024 Outlook Set forth below is the Company's previously issued guidance for 2024. The table below reflects the Company's projections, within a range, of various financial measures for 2024, in thousands of dollars, except per share and RevPAR data: 2024 Guidance Low Range High Range Total revenue $ 178,952 $ 182,567 Net income 1,598 2,593 Net loss available to common stockholders and unitholders (6,377 ) (5,382 ) EBITDA 39,858 40,853 Hotel EBITDA 46,103 46,898 FFO available to common stockholders and unitholders 12,373 13,368
Sotherly Hotels (NASDAQ:SOHO) reported quarterly FFO of $0.26 per share which beat the analyst consensus estimate of $0.21 by 23.81 percent. This is a 8.33 percent increase over FFO of $0.24 per share from the same period last year. The company reported quarterly sales of $46.55 million which beat the analyst consensus estimate of $45.80 million by 1.64 percent. This is a 7.04 percent increase over sales of $43.49 million the same period last year.
WILLIAMSBURG, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the third quarter ended September 30, 2024. The Company's results include the following*: Three Months Ended Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue$40,700 $39,181 $137,943 $131,690 Net loss attributable to common stockholders (5,604) (3,904) (3,641) (1,353) EBITDA 6,424 6,
WILLIAMSBURG, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock. The Board of Directors authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company's 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on December 16, 2024, to shareholders of record as of November 29, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of
WILLIAMSBURG, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the third quarter 2024 prior to the market opening on Tuesday, November 12, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's third quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call w