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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sotherly Hotels (SOHO) reports solid Q1 performance and optimistic outlook

Sotherly Hotels (SOHO) delivered a strong Q1 performance with revenue of $46.5 million and Hotel EBITDA of $12.4 million. Despite challenges from rising costs, the company remains optimistic about future growth opportunities driven by group travel and market recoveries. Strategic corporate activities and a positive outlook for RevPAR growth signal a promising trajectory for the company.

Sotherly Hotels reports solid Q2 performance amidst revenue challenges

Sotherly Hotels demonstrated positive performance in Q2 2024 with revenue and EBITDA growth, despite facing challenges in ADR and adjusted FFO.
The company's strengths in property performance and market demand, along with financial stability, position it well for future growth.
To capitalize on opportunities, Sotherly Hotels should focus on revenue optimization, franchise expansion, and strategic financial management.

Sotherly Hotels reports revenue growth amidst hurricane challenges in Q3

Sotherly Hotels (SOHO) navigated through hurricane challenges in Q3 2024, reporting revenue growth but a deficit in adjusted FFO. Despite the impact of hurricanes, the company remains focused on improving occupancy rates and managing its debt levels. Management provided insights on the recovery process and future strategies during the earnings call.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Host Hotels & Resorts

Sotherly Hotels Inc 8% Cum Red Pfd Series B

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

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

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.

Welcome To Hotel California: The Lodging REITs

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

Ashford Hospitality Trust

American Homes 4 Rent

JPMorgan BetaBuilders MSCI US REIT ETF

Cambria Global Real Estate ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate

First Trust S&P REIT Index Fund

Gaming and Leisure Properties

iShares Cohen & Steers REIT ETF

InnSuites Hospitality Trust

Invesco KBW Premium Yield Equity REIT ETF

Nuveen Short-Term REIT ETF

Pebblebrook Hotel Trust

InfraCap REIT Preferred ETF

Postal Realty Trust

iShares Global REIT ETF

ALPS Active REIT ETF

RLJ Lodging Trust

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Global X SuperDividend REIT ETF

Service Properties Trust

Uniti Group

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

Airbnb

Apple Hospitality REIT

Chatham Lodging Trust

Hersha Hospitality Trust Class A

Summit Hotel Properties

Ryman Hospitality Properties

Sunstone Hotel Investors

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?

Sotherly Hotels (SOHO) Reports Q2 Loss, Tops Revenue Estimates

WILLIAMSBURG, Via., July  15, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2020 prior to the market opening on Monday, August 10, 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 second 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 Financial Information.

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

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q1 2020 Results - Earnings Call Transcript

WILLIAMSBURG, Va., June  24, 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 first quarter ended March 31, 2020. The Company’s results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2020

WILLIAMSBURG, Va., May  01, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has undertaken additional actions at both the property and corporate levels to mitigate the financial impact of the COVID-19 pandemic, while at the same time has increased its focus on maintaining a clean and safe environment for its employees and guests.

Sotherly Hotels Inc. Provides Additional Strategic Updates On Operations Related to COVID-19 Impact

News for Sotherly Hotels Stock (SOHO)