Sotherly Hotels Q2 Adj. FFO $0.38 Beats $0.34 Estimate, Sales $50.69M Up From $49.02M YoY
Portfolio Pulse from Benzinga Newsdesk
Sotherly Hotels (NASDAQ:SOHO) reported Q2 adjusted FFO of $0.38 per share, beating the analyst estimate of $0.34. This represents a 5.56% increase from the same period last year. Sales for the quarter were $50.69 million, up 3.42% year-over-year.
August 13, 2024 | 10:33 am
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Sotherly Hotels reported Q2 adjusted FFO of $0.38 per share, beating the analyst estimate of $0.34. Sales were $50.69 million, up 3.42% year-over-year.
The company's better-than-expected adjusted FFO and year-over-year growth in both earnings and sales are likely to positively impact the stock price in the short term.
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