Sotherly Hotels Q3 2022 revenue $39.2M, net income $113K vs loss last year

Sotherly Hotels Inc.

2022-Q3 EPS reported $1.20 revenue$39,212,695

Total revenue $39.2M, up 10.5% from $35.5M in Q3 2021.
Net income attributable to common stockholders $113K vs loss of $4.3M in Q3 2021.
EBITDA $10.9M, Hotel EBITDA $9.8M; FFO per share $0.18, adjusted FFO $0.12.
Nine-month 2022 net income $21.9M vs loss $16.2M in same period 2021.
Hotel EBITDA for Q3 2022 was $9.8M, up from $8.9M in Q3 2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sotherly Hotels Inc. reported third quarter ended September 30, 2022 results: revenue $ 39,213, net income 113, EPS $ 0.01.

Period: third quarter ended September 30, 2022
Revenue: $ 39,213
Net income: 113
EPS: $ 0.01
Result: reported results

Exact text from the filing

Total revenue $ 39,213 $ 35,493 $ 42,522 $ 124,736 $ 92,512 $ 141,483 Net income (loss) attributable to common stockholders 113 (4,317 ) (107 ) 21,874 (16,193 ) (2,492 ) EBITDA 10,875 7,888 10,979 28,316 20,109 34,175 Hotel EBITDA 9,823 8,931 8,904 34,569 22,792 37,658 FFO attributable to common stockholders and unitholders 3,428 193 4,719 5,938 (3,218 ) 13,010 Adjusted FFO attributable to common stockholders and unitholders 2,358 (12 ) 1,089 9,829 (3,556 ) 12,131 Net income (loss) per common share $ 0.01 $ (0.27 ) $ (0.01 ) $ 1.24 $ (1.08 ) $ (0.18 )

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Source: SEC EDGAR

accession 0000950170-22-024122

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