Sotherly Hotels Expects 2024 Revenue Of $178.952M-$182.567M; Sees Adjusted FFO Of $0.64-$0.69 And Hotel EBITDA Margin Of 25.8%-25.7%
Portfolio Pulse from Benzinga Newsdesk
Sotherly Hotels provided its 2024 financial guidance, projecting total revenue between $178.952M and $182.567M, with an adjusted FFO per share of $0.64 to $0.69. The company anticipates a net income of $1.598M to $2.593M, but expects a net loss available to common stockholders and unitholders ranging from $6.377M to $5.382M. EBITDA is estimated to be between $39.858M and $40.853M, with Hotel EBITDA between $46.103M and $46.898M. The guidance also includes a Hotel EBITDA margin of 25.8% to 25.7%.
March 06, 2024 | 11:37 am
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Sotherly Hotels expects a 2024 revenue between $178.952M and $182.567M, with adjusted FFO per share of $0.64 to $0.69, indicating a positive outlook for the company's financial performance.
The guidance provided by Sotherly Hotels indicates a positive financial outlook for 2024, with expected growth in revenue and adjusted FFO per share. This suggests a potential increase in investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100