Advertisement
Canada markets open in 6 hours 18 minutes

  • S&P/TSX

    24,162.83
    +194.33 (+0.81%)
     

  • S&P 500

    5,751.07
    +51.13 (+0.90%)
     

  • DOW

    42,352.75
    +341.15 (+0.81%)
     

  • CAD/USD

    0.7362
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    74.41
    +0.03 (+0.04%)
     

  • Bitcoin CAD

    86,462.08
    +2,291.32 (+2.72%)
     

  • XRP CAD

    0.74
    +0.01 (+1.92%)
     

  • GOLD FUTURES

    2,662.70
    -5.10 (-0.19%)
     

  • RUSSELL 2000

    2,212.80
    +32.65 (+1.50%)
     

  • 10-Yr Bond

    3.9810
    +0.1310 (+3.40%)
     

  • NASDAQ futures

    20,192.75
    -34.50 (-0.17%)
     

  • VOLATILITY

    19.21
    -1.28 (-6.25%)
     

  • FTSE

    8,280.63
    0.00 (0.00%)
     

  • NIKKEI 225

    39,332.74
    +697.12 (+1.80%)
     

  • CAD/EUR

    0.6709
    0.0000 (0.00%)
     

Sotherly Hotels: Q1 Earnings Snapshot

Associated Press Finance
·1 min read

WILLIAMSBURG, Va. (AP) — WILLIAMSBURG, Va. (AP) — Sotherly Hotels Inc. (SOHO) on Thursday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $4 million, or 20 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $659,000, or 3 cents per share.

The real estate investment trust, based in Williamsburg, Virginia, posted revenue of $46.5 million in the period.

Sotherly Hotels expects full-year funds from operations to be 62 cents to 67 cents per share, with revenue in the range of $179 million to $182.6 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOHO at https://www.zacks.com/ap/SOHO