Sotherly Hotels

Sotherly Hotels, Inc. is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

Earnings data Q2 2023

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Sotherly Hotels, Inc. is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

WILLIAMSBURG, Va., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the third quarter 2021 prior to the market opening on Friday, November 12, 2021. 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 2021 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 .

Sotherly Hotels Inc. Schedules Third Quarter 2021 Earnings Release and Conference Call

Sotherly Hotels Inc 8% Cum Red Pfd Series B

Sotherly Hotels Inc 7.875 % Cum Conv Perp Red Pfd Registered Shs Series C

Sotherly's low cost, southeastern portfolio is outperforming its Hotel REIT peers. Portfolio performance is approaching 2019 levels, yet their stock price remains well below March 2020 highs.

Sotherly Hotels Could Double Your Money

WILLIAMSBURG, Va., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its operating partnership, Sotherly Hotels LP, a Delaware limited partnership (the “Operating Partnership” and, together with the Company, “we”, “us” and “our”), has commenced an underwritten public offering of its senior unsecured notes (the “Notes”), subject to market and other conditions. The Notes will be fully and unconditionally guaranteed by the Company. The Operating Partnership expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the Notes being offered to cover over-allotments, if any, at the public offering price. The Operating Partnership has applied to list the Notes on the NASDAQ® Global Market under the symbol “SOHOL.”

Sotherly Hotels LP Announces Launch of Public Offering of Senior Unsecured Notes

Sotherly Hotels has not performed well from a pricing perspective over the past several months. This is in spite of the fact that the worst for the business looks to be behind it.

Sotherly Hotels: Starting To Look Interesting

Host Hotels & Resorts

Sotherly Hotels Inc - 8.25% PRF PERPETUAL USD 25 - Ser D

This week, we'll continue to move down the iREIT ratings tracks, from Healthcare to Hospitality. Admittedly, the average quality score in the hospitality space is rather low.

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Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q2 2021 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 275.00% and 29.50%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Q2 FFO and Revenues Surpass Estimates

WILLIAMSBURG, Va., Aug. 12, 2021 (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, 2021. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2021

WILLIAMSBURG, Va., July 14, 2021 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2021 prior to the market opening on Thursday, August 12, 2021. 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 2021 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 .

Sotherly Hotels Inc. Schedules Second Quarter 2021 Earnings Release and Conference Call

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The REIT sector has achieved gains in every month of 2021 thus far, including a +1.77% average total return in May. Micro cap REITs (+12.2%) rebounded in May after a couple of rough months to significantly outperform their larger peers. Mid caps (-0.03%) narrowly failed to extend their gains.

The State Of REITs: June 2021 Edition

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q1 2021 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 21.43% and 38.45%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Reports Q1 Loss, Tops Revenue Estimates

WILLIAMSBURG, Va., May 12, 2021 (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, 2021. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2021

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Hotels were struggling before COVID due to a poor industry structure and oversupply. Now that financial stress is added on top, the outlook is rather grim.

Don't Touch Hotel REITs With A 10-Foot Pole

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q4 2020 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -50.00% and 4.19%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Reports Q4 Loss, Tops Revenue Estimates

WILLIAMSBURG, Va., March 04, 2021 (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, 2020. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020

WILLIAMSBURG, Va., Dec. 31, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced today that the Company has entered into a Note Purchase Agreement with affiliates of Kemmons Wilson Hospitality Partners LP and Machine Investment Group for the issuance of certain notes (collectively, the “Note”) in an aggregate amount of $20.0 million, with an additional $10.0 million available to draw within the next twelve months, at the Company's option. The Note matures in 3 years and will be payable on or before the maturity date at the rate of 1.47x the principal amount borrowed during the initial 3-year term, with a 1-year extension at Company's option. The Note also carries a 6.0% current interest rate, payable quarterly during the initial 3-year term. Piper Sandler & Co. acted as Sotherly's financial advisor. The Company intends to use the net proceeds from the Note to enhance its liquidity position.

Sotherly Hotels Inc. Announces Senior Note Financing

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q3 2020 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -25.00% and 83.62%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Reports Q3 Loss, Tops Revenue Estimates

WILLIAMSBURG, Va., Nov. 09, 2020 (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, 2020. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2020

Rapidly deteriorating financials has forced Sotherly Hotels to cancel the dividend payments on both its common and preferred shares. Rental revenue has declined by nearly 90% year-over-year, and both net income and cash from operations have gone negative.

Will Sotherly Hotels Survive Armageddon

WILLIAMSBURG, Va., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the third quarter 2020 prior to the market opening on Monday, November 9, 2020. 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 2020 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 Earnings Releases.

Sotherly Hotels Inc. Schedules Third Quarter 2020 Earnings Release and Conference Call

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q2 2020 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -72.00% and 1.81%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Sotherly Hotels Stock (SOHO)