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Sotherly Hotels (SOHO)
NASDAQ:SOHO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -19.75%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a positive outlook with RevPAR and revenue growth, strong performance in key hotels, and strategic corporate activities. However, challenges such as the impact of Hurricane Helene and increased interest costs due to refinancing offset some of the positive aspects. The projected growth in revenue and EBITDA for 2025, along with strategic renovations, supports a cautiously optimistic sentiment.Company Guidance
During the Sotherly Hotels Inc. Q4 2024 conference call, key guidance metrics for 2025 were shared, projecting total revenue in the range of $183.4 million to $188.2 million, indicating a 2.1% increase over 2024 at the midpoint. Hotel EBITDA is expected to range between $48.8 million and $49.6 million, reflecting a 5.2% increase, while adjusted FFO is projected between $11.5 million and $12.3 million, or $0.57 to $0.61 per share, marking a 16.4% rise. These projections consider the impact of refinancing activities as interest costs rise due to loans originated at lower rates. The call also highlighted ongoing recovery and growth across their portfolio, particularly at urban hotels in Houston and Philadelphia, with significant occupancy growth noted in several locations, despite challenges like Hurricane Helene's impact on Hotel Alba. The guidance anticipates stable operating costs and includes assumptions of normal operations, with insurance proceeds expected to cover any shortfalls for impacted hotels.RevPAR Growth
Fourth quarter RevPAR increased by 2.9% year-over-year, driven by a 7% increase in occupancy, despite a 3.7% decrease in ADR. Excluding Tampa due to hurricane impact, RevPAR increased to 5.8%.
Strong Performance in Key Hotels
The DoubleTree Resort in Hollywood, Florida, and The Whitehall in Houston posted significant RevPAR growth of 13.8% and nearly 50%, respectively, driven by occupancy and rate improvements.
Corporate Activity and Renovations
Executed new ten-year franchise agreements with Hilton for properties in Philadelphia and Jacksonville, with significant renovation budgets planned for these locations.
Revenue Growth
Total revenue for the fourth quarter increased by 4.3% year-over-year, and 4.6% for the full year 2024, with Hotel EBITDA for the quarter increasing by 3.6%.
Positive Guidance for 2025
Projected total revenue for 2025 is expected to increase by 2.1%, with Hotel EBITDA projected to grow by 5.2%, and Adjusted FFO anticipated to rise by 16.4%.
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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 |
|---|---|---|---|
| Mar 13, 2025 | $0.81 | $0.79 | -2.47% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Sotherly Hotels (SOHO) earnings time?
Sotherly Hotels (SOHO) earnings time is at May 13, 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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