Sotherly Hotels Stock Price, News & Analysis

Sotherly Hotels Inc. (NASDAQ: SOHO) announced it will release its fourth quarter 2021 financial results on March 3, 2022, before market opening. A conference call for investors will take place at 10:00 a.m. ET the same day, where management will discuss the results. Investors can access the earnings release on the company’s website, and listen to the conference call via phone or online. Sotherly Hotels focuses on acquiring and repositioning upscale hotels mainly in the Southern U.S., with a portfolio of 12 properties totaling 3,156 rooms.

Sotherly Hotels Inc. (NASDAQ: SOHO) announced preliminary operating results for Q4 2021, revealing a mixed performance across its twelve properties. Occupancy rates stood at 60.0% in October, 55.9% in November, and dropped to 46.4% in December, reflecting a decline of 21.9%, 18.0%, and 17.9% compared to 2019, respectively. Average Daily Rate (ADR) showed slight decreases in October and November but a positive 7.4% in December. RevPAR decreased significantly, with a decline of 23.0% in October, 20.0% in November, and 11.8% in December. The company expresses optimism despite ongoing COVID disruptions.

Sotherly Hotels Inc. (NASDAQ: SOHO) reported significant growth in its third-quarter results for 2021, with total revenue reaching $35.5 million, up 146% from $14.4 million in Q3 2020. Despite this rebound, net loss attributable to common stockholders was $4.3 million, an improvement from a $12.3 million loss in the same quarter last year. The company mentioned a RevPAR of $90.16, down 9.9% from 2019 levels, but occupancy increased to 56.3%. The company suspended its regular quarterly cash dividend to preserve liquidity amidst ongoing uncertainties.

Sotherly Hotels Inc. (NASDAQ: SOHO) will announce its third quarter 2021 financial results on November 12, 2021, before the market opens. An investor conference call is scheduled for 10:00 AM ET that same day, where company management will discuss the results. The earnings release will be accessible on the company's website, highlighting performance metrics from its portfolio of upscale hotels in the Southern U.S., which encompasses 12 properties and 3,156 rooms.

Sotherly Hotels Inc. (NASDAQ: SOHO) announced an underwritten public offering of senior unsecured notes, guaranteed by the company, aimed at strengthening its balance sheet. The offering includes a 30-day option for underwriters to purchase an additional 15% of the notes. The net proceeds will cover $20 million of existing secured debt and fund a reserve for one year of interest payments. The notes will be listed on NASDAQ under symbol SOHOL. The offering details are pending SEC approval.

Sotherly Hotels Inc. (NASDAQ: SOHO) reported Q2 2021 results showing total revenue of $34.4M, significantly up from $5.3M in Q2 2020, but down 33.3% from Q2 2019. The company experienced a net loss of $2.8M but improved EBITDA to $9M from a loss of $6.6M a year prior. RevPAR increased to $94.93 compared to $12.91 in Q2 2020, driven by a rise in occupancy to 59% and ADR to $161. Dividends were suspended to preserve liquidity. The outlook for Q3 2021 anticipates a 5-10% decrease in Composite RevPAR versus 2019.

Sotherly Hotels Inc. (NASDAQ: SOHO) will report its financial results for Q2 2021 on August 12, 2021, prior to market opening. An earnings conference call is scheduled for 10:00 a.m. ET the same day, where management will discuss these results. The earnings release will be available on the company's website in the Investors section. Sotherly Hotels, a self-managed lodging REIT, focuses on upscale hotel acquisitions and currently has a portfolio of 12 properties, totaling 3,156 rooms, including interests in condominium hotels.

Sotherly Hotels Inc. (NASDAQ: SOHO) reported a significant decline in Q1 2021 results, with total revenue dropping 39.2% year-over-year to $22.6 million. The company incurred a net loss of $9 million, compared to a loss of $14.3 million in Q1 2020. EBITDA improved to $3.3 million, up from $1.6 million. Adjusted FFO decreased by 42.7% to $(5.2 million). The company suspended its quarterly cash dividend to preserve liquidity amidst the COVID-19 pandemic, which has severely impacted hotel demand. Despite challenges, management sees optimism in a potential recovery.

Sotherly Hotels Inc. (NASDAQ: SOHO) announced it will release its first quarter 2021 financial results on May 12, 2021, before the market opens. A conference call to discuss these results is scheduled for 10:00 a.m. Eastern Time the same day. Investors can access the conference call by phone or through the company website. Sotherly Hotels focuses on the acquisition and management of upscale hotels across the Southern U.S., with a portfolio comprising 12 properties and interests in two condominium hotels.