SOHO - Sotherly Hotels reports Q2 earnings; initiates Q3 outlook
2023-08-10 06:34:06 ET
- Sotherly Hotels press release ( NASDAQ: SOHO ): Q2 GAAP EPS of $0.16.
- Adjusted FFO per common share and unit of $0.36.
- Revenue of $49.02M (+3.9% Y/Y) misses by $0.98M .
- The Company increased production of hotel EBITDA to approximately $14.84 million for the three months ended June 30, 2023, from approximately $14.77 million during the comparable period in 2022.
- Q3 2023 Outlook: Total revenue of $39.10M-$41.04M vs. consensus of $42.90M; Net loss per share available to common stockholders of -$0.22--$0.20; Adjusted FFO per common share and unit of $0.03-$0.06.
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Sotherly Hotels reports Q2 earnings; initiates Q3 outlook