Sotherly Hotels: Q1 Earnings Snapshot

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

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $4.7 million, or 24 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 $582,000, or 3 cents per share.

The real estate investment trust, based in Williamsburg, Virginia, posted revenue of $43.5 million in the period.

For the current quarter ending in June, Sotherly Hotels expects its per-share funds from operations to range from 40 cents to 44 cents.

The company said it expects revenue in the range of $48.9 million to $51.3 million for the fiscal second quarter.

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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