Overview
Sotherly Hotels Q2 revenue falls 3.7% yr/yr, missing analyst expectations, per LSEG data
Co plans sale of parking garage to enhance liquidity
Outlook
Company revises 2025 revenue guidance to $185.2 mln to $188.2 mln
Sotherly expects 2025 net loss between $1.2 mln and $0.6 mln
Sotherly sees 2025 FFO per share between $0.29 and $0.32
Result Drivers
MACROECONOMIC IMPACT - CEO Dave Folsom cites interest rates and tariffs as factors reducing hotel demand
OCCUPANCY DECLINE - RevPAR decrease driven by a 3.5% drop in occupancy to 70.8%
STABLE SEGMENTS - Business transient demand and group booking pace remain resilient despite overall demand decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $48.79 mln | $51.80 mln (1 Analyst) |
Q2 EPS |
| -$0.02 |
|
Q2 Net Income |
| $1.56 mln |
|
Q2 Adjusted FFO |
| $4.76 mln |
|
Q2 FFO |
| $4.32 mln |
|
Q2 EBITDA |
| $12.02 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the specialized reits peer group is "hold"
Wall Street's median 12-month price target for Sotherly Hotels Inc is $1.00, about 21% above its August 11 closing price of $0.79
Press Release: ID:nGNXc87ZDQ