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Sotherly Hotels (SOHO)
:SOHO
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -27.87%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The call highlighted strong RevPAR and occupancy growth, particularly in urban markets, and successful refinancing efforts. However, hurricane impacts and a decline in ADR presented challenges. Overall, the positive performance metrics and strategic refinancings outweighed the lowlights.Company Guidance
During the Sotherly Hotels' Q3 2024 earnings call, several key metrics were discussed that highlighted the company's performance and expectations. RevPAR for the Composite portfolio increased by 4.1% compared to 2023, driven by a 7.8% increase in occupancy despite a 3.4% decrease in ADR. Relative to 2019, RevPAR grew by 6.4%, with ADR up by 10.9% but occupancy down by 3.6%. Year-to-date, RevPAR was up 5.3% over 2019, led by a 10.6% increase in ADR and a 4.9% decline in occupancy. Total revenue for Q3 2024 was approximately $40.7 million, a 3.9% increase from the previous year, while hotel EBITDA reached $8.1 million, marking a 6.8% rise. Adjusted FFO was a deficit of around $350,000, decreasing by $400,000 from the same quarter last year. The company adjusted its 2024 guidance slightly, projecting total revenue between $177.8 million and $180.1 million, a 3% increase from the prior year, while hotel EBITDA is anticipated to be between $45 million and $45.6 million. Adjusted FFO is expected to range from $12.8 million to $13.4 million, representing a 9.8% decrease from the previous year.RevPAR Growth
RevPAR increased by 4.1% year-over-year and 6.4% compared to 2019, driven by occupancy growth despite a decrease in ADR.
Strong Performance Despite Hurricanes
Hotel Alba in Tampa posted a 13.6% RevPAR growth, with a 14.5% increase in occupancy despite hurricane impacts.
Urban Market Recovery
Significant occupancy gains in urban markets, with Whitehall in Houston seeing a 60.4% increase in occupancy and a 51.9% growth in RevPAR.
Financial Stability
Total revenue increased by 3.9% for the quarter, with hotel EBITDA up by 6.8% and year-to-date adjusted FFO increasing by 5% over 2023.
Refinancing Success
Successful refinancing of the Jacksonville hotel, aiding capital and funding needs for improvements.
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SOHO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SOHO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.22 | $1.16 | -4.92% |
| Aug 13, 2024 | $1.23 | $1.21 | -1.63% |
| May 09, 2024 | $1.43 | $1.43 | 0.00% |
| Mar 06, 2024 | $1.41 | $1.37 | -2.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sotherly Hotels (SOHO) report earnings?
Sotherly Hotels (SOHO) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Sotherly Hotels (SOHO) earnings time?
Sotherly Hotels (SOHO) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SOHO EPS forecast?
Currently, no data Available
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