Sotherly Hotels Q4 Adj. FFO $0.14 Down From $0.41 YoY, Sales $42.15M Beat $41.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sotherly Hotels reported a Q4 adjusted FFO of $0.14 per share, a 65.85% decrease from $0.41 YoY. Sales were $42.15M, beating the $41.30M estimate, marking a 1.95% increase from the previous year.
March 06, 2024 | 11:33 am
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Sotherly Hotels' Q4 earnings report shows a significant decrease in FFO but a slight increase in sales compared to last year.
The significant decrease in FFO (65.85%) is likely to negatively impact investor sentiment and potentially the stock price in the short term, despite the slight increase in sales. The earnings miss on FFO, a key metric for real estate investment trusts, overshadows the sales beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100