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SOHO

Sotherly Hotels Inc.

https://www.sotherlyhotels.com

Industry

REIT - Hotel & Motel

Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc. brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

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Sotherly Hotels Inc. (NASDAQ:SOHO) has received a deficiency notice from Nasdaq for failing to file its quarterly report on time, putting it out of compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 8:02 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:33 am

Sotherly Hotels has received a notice from Nasdaq for failing to timely file its quarterly report for Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:04 pm

Sotherly Hotels has reiterated its FY2024 financial outlook, maintaining its adjusted FFO (Funds From Operations) projection at $0.64 to $0.69 per share, against an estimate of $0.66. The company expects total revenue to range between $178.952 million and $182.567 million, closely aligning with the estimated $182.5 million. Other key projections include a net income of $1.598 million to $2.593 million, a net loss available to common stockholders and unitholders between $6.377 million and $5.382 million, and a RevPAR (Revenue Per Available Room) of $117.16 to $119.52.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:38 am

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%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:32 am

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%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:37 am

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.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:33 am

Numerous companies are scheduled to report their earnings on March 6, 2024, covering a wide range of industries from technology to retail. Notable mentions include JD.com with expected earnings of $0.63 per share on a revenue of $42.16 billion, and Abercrombie & Fitch forecasting $2.83 per share on $1.43 billion revenue. Other companies like Foot Locker, Thor Industries, and Campbell Soup are also set to report their earnings, alongside firms expected to report losses such as WAVE Life Sciences and EVgo.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 10:00 am

Sotherly Hotels has projected its Q4 total revenue to be between $40.494M and $41.970M, with an adjusted FFO per share of $0.06-$0.08.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:35 am

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.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:32 am

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