Sotherly Hotels Q3 Adjusted FFO Per Share $0.00 Down From $0.12 YoY, Sales $39.18M Miss $47.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sotherly Hotels (NASDAQ:SOHO) reported Q3 Adjusted FFO per share of $0.00, down from $0.12 YoY, a decrease of 99.17%. The company's quarterly sales were $39.18M, missing the analyst consensus estimate of $47.17M by 16.94%. This is a 0.08% decrease over sales of $39.21M the same period last year.
November 09, 2023 | 11:32 am
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Sotherly Hotels' Q3 results show a significant decrease in Adjusted FFO per share and a miss on sales estimates. This could negatively impact the company's stock in the short term.
Sotherly Hotels' Q3 results show a significant decrease in Adjusted FFO per share, which is a key indicator of a REIT's performance. Additionally, the company missed sales estimates, which could lead to a negative market reaction and a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100