SOHO News and Press, Sotherly Hotels Inc. From 02/20/23

Summary The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%). ...

Summary U.S. equity markets resumed their rebound this past week as investors parsed a busy slate of corporate earnings results and economic data ahead of the Federal Reserve's rate hike decision. Gaining for the third week in the past four, the S&P 500 advanced 2.5% on the week whi...

Summary The lodging industry was one of the first and worst pandemic casualties. Sotherly Hotels’ debt heavy capitalization proved particularly damaging when travel stopped in early 2020. SOHO just reinstated payment of the preferred dividends and, with a little cooperation f...

Summary Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure dema...

WILLIAMSBURG, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company’s Series B, Series C, and Series D Preferred Stock t...

Summary U.S. equity markets posted broad-based gains after the closely-watched CPI inflation report showed signs of easing inflationary pressures, strengthening the case for the Fed to slow its pace of rate hikes. Pushing its year-to-date gains to above 4% following a dismal year of per...

WILLIAMSBURG, Va., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the fourth quarter 2022 prior to the market opening on Thursday, March 2, 2023. A conference call for investo...

Sotherly Hotels ( NASDAQ: SOHO ) on Monday reported growth in Q4 preliminary same-store portfolio metrics, driven by improved returned-to-office rate and expanded group business travel. But the preliminary results reflected impact by Hurricane Nicole and weakening demand in S...

WILLIAMSBURG, Va., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) , (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported preliminary operating result...

Sotherly Hotels Inc. (SOHO) Q3 2022 Results Conference Call November 10, 2022 10:00 AM ET Company Participants Mack Sims - Head of IR Scott Kucinski - Executive Vice President and Chief Operating Officer Tony Domalski - Vice President and Chief Financial Officer ...