Sotherly Hotels ( (SOHO) ) has released its Q1 earnings. Here is a breakdown of the information Sotherly Hotels presented to its investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Sotherly Hotels Inc. is a self-managed lodging real estate investment trust (REIT) that focuses on acquiring and repositioning upscale full-service hotels primarily in the Southern United States. The company owns a portfolio of ten hotel properties and interests in two condominium hotels.
In its latest earnings report for the first quarter of 2025, Sotherly Hotels Inc. reported a positive financial performance with total revenues increasing to $48.3 million from $46.5 million in the same period last year. The company also saw a significant rise in net income attributable to common stockholders, which increased to $2.7 million from a loss of $0.7 million in the previous year.
Key financial metrics highlighted in the report include a 5% increase in RevPAR to $129.74, driven by a 3.9% increase in occupancy. Hotel EBITDA rose to $12.9 million, reflecting a 4.5% increase over the prior year. However, Adjusted FFO attributable to common stockholders and unitholders saw a decrease of 12.8% to $4.5 million.
Looking ahead, Sotherly Hotels remains cautious about the pace of hotel demand due to macroeconomic uncertainties. The company is focused on managing costs and maintaining optimal operations to navigate potential challenges in the hotel industry.
Overall, Sotherly Hotels Inc. appears to be on a solid financial footing, with management expressing confidence in their ability to adapt to changing market conditions while continuing to enhance hotel profitability.