Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc. brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.
IPO Year:
Exchange: NASDAQ
Website: sotherlyhotels.com
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
WILLIAMSBURG, Va., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that it has received a notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on August 12, 202
WILLIAMSBURG, Va., Aug. 13, 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 second quarter ended June 30, 2024. The Company's results include the following*: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue$50,694 $49,017 $97,243 $92,509 Net income attributable to common stockholders 2,622 3,133 1,962 2,551 EBITDA 14,292 14,103 25,076
WILLIAMSBURG, Va., July 30, 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 September 16, 2024, to shareholders of record as of August 30, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of
WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 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 second 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
WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the "Hotel") in Jacksonville, FL. The loan, which carries a floating interest rate based on SOFR plus 3.0%, has an initial principal balance of approximately $26.25 million, with an additional $9.49 million available to fund a product improvement plan at the Hotel. The Company also announced that it has entered into a new 10-year franchise agreement with Hilton Worldwide to relicense the Hotel as a soft-branded DoubleTree by Hi
WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that it has received a notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on May 16, 2024
WILLIAMSBURG, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the first quarter ended March 31, 2024. The Company's results include the following*: Three Months Ended March 31, 2024 March 31, 2023 ($ in thousands except per share data) Total revenue$46,548 $43,491 Net loss attributable to common stockholders (659) (582) EBITDA 10,785 9,948 Hotel EBITDA 12,360 12,079 FFO attributable to common stockholders and unitholders 3,961 3,941 Adjusted FFO attributable to common stockholders
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WILLIAMSBURG, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the third quarter ended September 30, 2024. The Company's results include the following*: Three Months Ended Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 ($ 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 $0.50 per share of beneficial interest of the Company's 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on December 16, 2024, to shareholders of record as of November 29, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of
WILLIAMSBURG, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the third quarter 2024 prior to the market opening on Tuesday, November 12, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's third quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call w
WILLIAMSBURG, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the second quarter ended June 30, 2024. The Company's results include the following*: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue$50,694 $49,017 $97,243 $92,509 Net income attributable to common stockholders 2,622 3,133 1,962 2,551 EBITDA 14,292 14,103 25,076
WILLIAMSBURG, Va., July 30, 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 $0.50 per share of beneficial interest of the Company's 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on September 16, 2024, to shareholders of record as of August 30, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of
WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's second quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call w
WILLIAMSBURG, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the first quarter ended March 31, 2024. The Company's results include the following*: Three Months Ended March 31, 2024 March 31, 2023 ($ in thousands except per share data) Total revenue$46,548 $43,491 Net loss attributable to common stockholders (659) (582) EBITDA 10,785 9,948 Hotel EBITDA 12,360 12,079 FFO attributable to common stockholders and unitholders 3,961 3,941 Adjusted FFO attributable to common stockholders
WILLIAMSBURG, Va., April 30, 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 June 17, 2024 to shareholders of record as of May 31, 2024. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.49218
WILLIAMSBURG, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the first quarter 2024 prior to the market opening on Thursday, May 9, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's first quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call will
WILLIAMSBURG, Va., March 06, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the fourth quarter and year ended December 31, 2023. The Company's results include the following*: Three Months Ended Year Ended December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue$42,148 $41,342 $173,838 $166,077 Net (loss) income attributable to common stockholders (2,683) 3,092 (4,036) 24,
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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.
2024 Outlook Set forth below is the Company's 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
Sotherly Hotels (NASDAQ:SOHO) reported quarterly FFO $0.14 per share. This is a 65.85 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $42.15 million which beat the analyst consensus estimate of $41.30 million by 2.05 percent. This is a 1.95 percent increase over sales of $41.34 million the same period last year.
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Sotherly Hotels (NASDAQ:SOHO) reported quarterly Adjusted FFO of $0.00 per share. This is a 99.17 percent decrease over Adjusted FFOof $0.12 per share from the same period last year. The company reported quarterly sales of $39.18 million which missed the analyst consensus estimate of $47.17 million by 16.94 percent. This is a 0.08 percent decrease over sales of $39.21 million the same period last year.
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Comstock Holding Co (NASDAQ:CHCI) - P/E: 6.92 Corporacion Inmobiliaria (NYSE:VTMX) - P/E: 8.98 Sotherly Hotels (NASDAQ:SOHO) - P/E: 5.97 Forestar Group (NYSE:FOR) - P/