Advertisement
Canada markets open in 1 hour 43 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7324
    +0.0000 (+0.00%)
     

  • CRUDE OIL

    84.13
    +0.56 (+0.67%)
     

  • Bitcoin CAD

    87,589.58
    +330.49 (+0.38%)
     

  • CMC Crypto 200

    1,384.23
    -12.30 (-0.88%)
     

  • GOLD FUTURES

    2,358.10
    +15.60 (+0.67%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,744.50
    +177.00 (+1.01%)
     

  • VOLATILITY

    15.60
    +0.23 (+1.50%)
     

  • FTSE

    8,120.08
    +41.22 (+0.51%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Sotherly Hotels: Q4 Earnings Snapshot

Associated Press
Updated ·1 min read

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

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $10.7 million, or 69 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 $14.7 million, or $1.02 per share.

The real estate investment trust posted revenue of $14.6 million in the period.

For the year, the company reported funds from operations losses of $36.2 million, or $2.33 per share, swinging to a loss in the period. Revenue was reported as $71.5 million.

ADVERTISEMENT

The company's shares closed at $3.80. A year ago, they were trading at $5.14.

_____

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