Sotherly Hotels Q2 net income falls to $3.1M from $24.3M; revenue up 4%

Sotherly Hotels Inc.

2023-Q2 EPS reported $0.13 revenue$49,017,332

Total revenue $49.0M, up 4% YoY from $47.2M.
Net income attributable to common stockholders $3.1M ($0.16 diluted EPS) vs $24.3M ($1.32) in Q2 2022.
Hotel EBITDA $14.8M, essentially flat vs $14.8M year-ago.
Adjusted FFO per share and unit improved to $0.36 from $0.33 in Q2 2022.
Six-month net income $2.6M ($0.13 diluted EPS) vs $21.8M ($1.20) in prior-year period.

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 0.9

Sotherly Hotels Inc. reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, Sotherly Hotels Inc., a Maryland corporation (the “Company”) and the sole general partner of Sotherly Hotels LP, a Delaware limited partnership, issued a press release (the “Press Release”) announcing the results of operations and financial condition of the Company for the quarter ended June 30, 2023.

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Sotherly Hotels Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-040926

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