Sotherly Hotels Q1 Adj. FFO $0.26 Beats $0.21 Estimate, Sales $46.55M Beat $45.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sotherly Hotels (NASDAQ:SOHO) reported a Q1 adjusted FFO of $0.26 per share, surpassing the $0.21 estimate, and sales of $46.55M, exceeding the $45.80M estimate. This represents a year-over-year FFO increase of 8.33% and a sales increase of 7.04%.
May 09, 2024 | 10:32 am
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Sotherly Hotels reported a strong Q1 with adjusted FFO and sales beating estimates, indicating robust financial health and potential for growth.
The beat on both adjusted FFO and sales estimates for Sotherly Hotels suggests a strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100