Sotherly Hotels

Sotherly Hotels, Inc. is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Sotherly Hotels (SOHO) reports solid Q1 performance and optimistic outlook

Sotherly Hotels (SOHO) delivered a strong Q1 performance with revenue of $46.5 million and Hotel EBITDA of $12.4 million. Despite challenges from rising costs, the company remains optimistic about future growth opportunities driven by group travel and market recoveries. Strategic corporate activities and a positive outlook for RevPAR growth signal a promising trajectory for the company.

Sotherly Hotels reports solid Q2 performance amidst revenue challenges

Sotherly Hotels demonstrated positive performance in Q2 2024 with revenue and EBITDA growth, despite facing challenges in ADR and adjusted FFO.
The company's strengths in property performance and market demand, along with financial stability, position it well for future growth.
To capitalize on opportunities, Sotherly Hotels should focus on revenue optimization, franchise expansion, and strategic financial management.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sotherly Hotels, Inc. is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

Reinsurance Group of America

SOHO, FRFHF and RGA made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2024.

Best Value Stocks to Buy for November 1st

American Assets

Leidos Hld

Skyline Corp.

Tenet Healthcare

SKY, AAT, SOHO, THC and LDOS have been added to the Zacks Rank #1 (Strong Buy) List on November 1, 2024.

New Strong Buy Stocks for November 1st

Sotherly Hotels (SOHO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Sotherly Hotels (SOHO) Is Attractively Priced Despite Fast-paced Momentum

WILLIAMSBURG, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock.

Sotherly Hotels Inc. Announces Quarterly Preferred Dividends

Hyster-Yale Materials Handling

SOHO, HY and AGESY made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 22, 2024.

Best Value Stocks to Buy for October 22nd

Chewy

LM Ericsson Telefon

Gap Inc

CHWY, ERIC, SOHO, HY and GAP have been added to the Zacks Rank #1 (Strong Buy) List on October 22, 2024.

New Strong Buy Stocks for October 22nd

Agnico Eagle Mines

Alibaba

CF Industries Holdings

Orla Mining Ltd. 

BABA, AEM, ORLA, SOHO and CF have been added to the Zacks Rank #1 (Strong Buy) List on October 15, 2024.

New Strong Buy Stocks for October 15th

SOHO, BABA and CF made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 15, 2024.

Best Value Stocks to Buy for October 15th

Henkel AG & Co KGaA

Manulife Financial

SOHO, MFC and HENKY made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 10, 2024.

Best Value Stocks to Buy for October 10th

Carvana

Nexxen International Ltd

Phibro Animal Health

NEXN, CVNA, PAHC, SOHO and HENKY have been added to the Zacks Rank #1 (Strong Buy) List on October 10, 2024.

New Strong Buy Stocks for October 10th

WILLIAMSBURG, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the third quarter 2024 prior to the market opening on Tuesday, November 12, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's third quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information .

Sotherly Hotels Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

Sotherly Hotels (SOHO) Shows Fast-paced Momentum But Is Still a Bargain Stock

Sotherly Hotels (SOHO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Sotherly Hotels (SOHO) Looks Ripe for Bottom Fishing

Here Is Why Bargain Hunters Would Love Fast-paced Mover Sotherly Hotels (SOHO)

WILLIAMSBURG, Va., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

Sotherly Hotels Inc. Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Sotherly Hotels Inc 8% Cum Red Pfd Series B

Sotherly Hotels Inc 7.875 % Cum Conv Perp Red Pfd Registered Shs Series C

Sotherly Hotels Inc. (NASDAQ:SOHO ) Q2 2024 Earnings Conference Call August 13, 2024 10:00 AM ET Company Participants Mack Sims – Vice President-Operations Scott Kucinski – Executive Vice President and Chief Operating Officer Tony Domalski – Chief Financial Officer Dave Folsom – President and Chief Executive Officer Conference Call Participants Connor Mitchell – Piper Sandler Operator Good morning, all, and thank you for joining us for the Sotherly Hotels Q2 2024 Conference Call and Webcast. My name is Carly, and I'll be coordinating your call today.

Sotherly Hotels Inc. (SOHO) Q2 2024 Earnings Call Transcript

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago.

Sotherly Hotels (SOHO) Q2 FFO Beat Estimates

WILLIAMSBURG, Va., Aug. 13, 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 second quarter ended June 30, 2024. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024

WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's second quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information.

Sotherly Hotels Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the “Hotel”) in Jacksonville, FL. The loan, which carries a floating interest rate based on SOFR plus 3.0%, has an initial principal balance of approximately $26.25 million, with an additional $9.49 million available to fund a product improvement plan at the Hotel.

Sotherly Hotels Inc. Announces Refinancing and Relaunch Plans for Jacksonville, FL Hotel

WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Sotherly Hotels, Inc. (NASDAQ:SOHO ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Mack Sims - Vice President, Operations Scott Kucinski - Executive Vice President and Chief Operating Officer Tony Domalski - Chief Financial Officer and Secretary Dave Folsom - President and Chief Executive Officer Conference Call Participants Connor Mitchell - Piper Sandler Operator Hello and welcome to the Sotherly Hotels Q1 2024 Earnings Call and Webcast. My name is Lauren and I will be coordinating your call today.

Sotherly Hotels, Inc. (SOHO) Q1 2024 Earnings Call Transcript

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.20 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to FFO of $0.24 per share a year ago.

Sotherly Hotels (SOHO) Misses Q1 FFO Estimates

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*:

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

WILLIAMSBURG, Va., May 03, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed an extension which includes amended mortgage loan terms on its first mortgage with TD Bank, collateralized by the DoubleTree by Hilton Philadelphia Airport in Philadelphia, PA. The interest-only loan, which has been reduced by $3.0 million to $35.9 million, matures in April 2026 and carries a floating interest rate based on SOFR plus 3.5%. As part of the transaction, the Borrower purchased an Interest Rate Cap capping SOFR at 3.0%. The Company also announced that it has entered into a new 10-year franchise agreement with Hilton Worldwide to relicense the hotel under the DoubleTree by Hilton flag. As part of the new agreement with Hilton, the Company will undertake a renovation of the property, with a cost of approximately $11.5 million and an estimated completion date of April 2026. Renovation plans for the property to include upgrades to guestrooms, public spaces, food and beverage spaces, and building exterior.

Sotherly Hotels Inc. Announces Refinancing and Renovation Plans for Philadelphia Hotel

News for Sotherly Hotels Stock (SOHO)