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Stock impact report

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2024

Sotherly Hotels Inc. (SOHO) 
Last sotherly hotels inc. earnings: 2/27 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investors.sotherlyhotels.com
Company Research Source: GlobeNewswire
WILLIAMSBURG, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated results for the first quarter ended March 31, 2024. The Company’s results include the following*:  Three Months Ended  March 31, 2024  March 31, 2023  ($ in thousands except per share data) Total revenue$46,548  $43,491 Net loss attributable to common stockholders (659)  (582)      EBITDA 10,785   9,948 Hotel EBITDA 12,360   12,079       FFO attributable to common stockholders and unitholders 3,961   3,941 Adjusted FFO attributable to common stockholders and unitholders 5,178   4,658       Net loss per common share - diluted$(0.03) $(0.03)FFO per common share and unit$0.20  $0.20 Adjusted FFO per common share and unit$0.26  $0.24  (*) Earnings before interest, taxes, depreciation and amortization (“EBITDA”), hotel EBITDA, funds from operations ( Show less Read more
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