Sotherly Hotels Stock Price, News & Analysis

Sotherly Hotels (NASDAQ: SOHO) has scheduled its first quarter 2025 earnings release for Tuesday, May 13, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss Q1 2025 results.

Investors can access the conference call via telephone at 833-470-1428 (US) using access code 808300. A webcast option will be available through the Investor Relations section of the company's website. For those unable to attend live, a replay will be accessible until March 20, 2025, by dialing 866-813-9403 with access code 926357.

Sotherly Hotels (NASDAQ: SOHO) reported its Q4 and full-year 2024 financial results. Key highlights include:

Revenue increased to $44.0 million in Q4 2024 from $42.1 million in Q4 2023. Full-year revenue grew 4.6% to $181.9 million. RevPAR for the composite portfolio increased 2.6% to $108.99 in Q4, driven by a 4.1% increase in occupancy to 64.1%, despite a 3.9% decrease in ADR to $170.10.

The company reported a net loss of $3.0 million in Q4 2024, compared to a $2.7 million loss in Q4 2023. Full-year net loss increased 65.4% to $6.7 million. Hotel EBITDA improved to $10.7 million in Q4 and $46.8 million for the full year, up 4.5% from 2023.

The company maintains approximately $28.7 million in cash and cash equivalents, with $319.3 million in outstanding debt at a 5.88% weighted average interest rate.

Sotherly Hotels (NASDAQ: SOHO) has issued an amendment to its previously released 2024 dividend tax classification for Series D preferred shares (CUSIP #83600C509). The amendment was necessary due to incorrect 'paid' and 'record' dates in the February 18, 2025 release. No portion of the dividends declared in 2024 represented foreign taxes or qualified dividend income.

Record holders will receive IRS Form 1099-DIV from Equiniti Trust Company, while shareholders with shares in 'street name' will receive IRS Form 1099 from their respective financial institutions. The tax classifications are based on preliminary results and, while subject to adjustment when filings are completed, no material changes are expected.

Sotherly Hotels (NASDAQ: SOHO) has released its estimated income tax classification for 2024 distributions on its preferred shares Series B, C, and D. The company's dividends are classified as 100% taxable ordinary income and qualify as Section 199A dividends.

For Series B preferred shares, quarterly distributions of $0.50 per share totaled $2.00 annually. Series C preferred shares received $0.492188 quarterly, totaling $1.968752 for the year. Series D preferred shares had quarterly payments of $0.515625, amounting to $2.0625 annually.

No portion of the 2024 dividends represented foreign taxes or qualified dividend income. Shareholders will receive IRS Form 1099-DIV from Equiniti Trust Company for direct holdings, while those with shares in 'street name' will receive forms from their respective financial institutions.

Sotherly Hotels (NASDAQ: SOHO) has scheduled its Fourth Quarter 2024 earnings release and conference call. The company will release financial results before market opening on Thursday, March 13, 2025. A conference call for investors will follow at 10:00 a.m. Eastern Time on the same day.

Investors can access the conference call via telephone at 833-470-1428 (US) using access code 538548. The earnings release will be available on the company's website in the Investors section. A recorded replay will be accessible until March 20, 2025, by dialing 866-813-9403 with access code 963139.

Sotherly Hotels (NASDAQ: SOHO) has declared quarterly cash dividends for its Series B, C, and D Preferred Stock. The company will distribute:

- $0.50 per share (8.0%) for Series B Preferred Stock
- $0.4921875 per share (7.875%) for Series C Preferred Stock
- $0.515625 per share (8.25%) for Series D Preferred Stock

All dividends will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

Sotherly Hotels reported its Q3 2024 financial results with total revenue increasing to $40.7 million from $39.2 million in Q3 2023. The company's RevPAR increased 4.1% to $107.02, driven by a 7.8% increase in occupancy to 66.3%, despite a 3.4% decrease in ADR to $161.37. However, net loss attributable to common stockholders widened to $5.6 million from $3.9 million in Q3 2023. Hotel EBITDA improved to $8.1 million from $7.6 million. The company secured new mortgage financing for its Jacksonville Doubletree property and experienced impacts from Hurricane Helene at its Hotel Alba in Tampa.

Sotherly Hotels (NASDAQ: SOHO) has declared quarterly cash dividends for its preferred stock series. The company will pay:

- $0.50 per share (8.0% Series B)
- $0.4921875 per share (7.875% Series C)
- $0.515625 per share (8.25% Series D)

All preferred stock dividends will be paid on December 16, 2024, to shareholders of record as of November 29, 2024.

Sotherly Hotels Inc. (NASDAQ: SOHO) has announced its schedule for the third quarter 2024 earnings release and conference call. The company will report its financial results prior to market opening on Tuesday, November 12, 2024. A conference call for investors and interested parties is set for 10:00 a.m. Eastern Time on the same day, where management will discuss the Q3 2024 results.

The earnings release will be available on the company's website at www.sotherlyhotels.com in the Investors section under Financial Information. Interested individuals can access the call by telephone at 833-470-1428 (United States) using access code 033574. A webcast will also be available in the Investor Relations section of the company's website. For those unable to attend the live call, a taped rebroadcast will be accessible until November 19, 2024, by dialing 866-813-9403 with access code 629306.