Sotherly Hotels Q1 2024 revenue $46.5M (+7% YoY); net loss $(0.03)/share, adjusted FFO $0.26/share

Sotherly Hotels Inc.

2024-Q1 EPS reported -$0.03 revenue$46,548,432

Total revenue $46.5M, up 7% YoY from $43.5M.
Net loss attributable to common stockholders $659k ($0.03 per share), vs $582k in Q1 2023.
Hotel EBITDA $12.4M, up 2% from $12.1M; Adjusted FFO $5.2M vs $4.7M.
FFO per common share and unit $0.20 (unchanged); Adjusted FFO per share $0.26 vs $0.24.
No forward guidance or dividend change mentioned.

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 0.97

Sotherly Hotels Inc. reported the quarter ended March 31, 2024 results: revenue $46,548, net income Net loss attributable to common stockholders $ (659 ), EPS Net loss per common share - diluted $ (0.03 ).

Period: the quarter ended March 31, 2024
Revenue: $46,548
Net income: Net loss attributable to common stockholders $ (659 )
EPS: Net loss per common share - diluted $ (0.03 )
Result: reported results

Exact text from the filing

ended March 31, 2024. The Company’s results include the following*: Three Months Ended March 31, 2024 March 31, 2023 ($ in thousands except per share data) Total revenue $ 46,548 $ 43,491 Net loss attributable to common stockholders (659 ) (582 ) EBITDA 10,785 9,948 Hotel EBITDA 12,360 12,079 FFO attributable to common stockholders and unitholders 3,961

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Source: SEC EDGAR

accession 0000950170-24-056218

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