Sotherly Hotels Q4 2023 net loss $2.7M vs profit $3.1M; revenue up 2% to $42.1M

Sotherly Hotels Inc.

Q4 net loss attributable to common stockholders of $2.7M vs income of $3.1M in prior year.
Q4 total revenue $42.1M, up 2% from $41.3M in Q4 2022.
Q4 EBITDA fell to $8.5M from $14.8M; Hotel EBITDA $10.3M vs $11.9M.
Q4 FFO per share $0.10 (vs $0.40); adjusted FFO per share $0.14 (vs $0.41).
Full year 2023 net loss $4.0M vs net income $25.0M; revenue $173.8M up from $166.1M.

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 the fourth quarter and year ended December 31, 2023 results: revenue $ 42,148, net income (2,683 ), EPS $ (0.14 ).

Period: the fourth quarter and year ended December 31, 2023
Revenue: $ 42,148
Net income: (2,683 )
EPS: $ (0.14 )
Result: reported results

Exact text from the filing

Year Ended December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 ($ in thousands except per share data) ($ in thousands except per share data) Total revenue $ 42,148 $ 41,342 $ 173,838 $ 166,077 Net (loss) income attributable to common stockholders (2,683 ) 3,092 (4,036 ) 24,967 EBITDA 8,490 14,838 39,079 72,716 Hotel EBITDA 10,300 11,893

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Source: SEC EDGAR

accession 0000950170-24-026860

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