Sotherly Hotels Q1 2023: Revenue $43.5M, net loss narrows to $0.03/share

Sotherly Hotels Inc.

2023-FY EPS reported -$0.03 revenue$43,491,277

Total revenue $43.5M, up 13% YoY from $38.4M; down 8% vs Q1 2019's $47.4M.
Net loss attributable to common stockholders $582K ($0.03 per share), improved from $2.5M loss in Q1 2022.
Adjusted FFO per share and unit $0.24 (up from $0.07); FFO $0.20 (up from $0.10).
Hotel EBITDA $12.1M (27.8% margin) vs $10.0M (26.0% margin) in prior-year quarter.

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