Overview
* Sotherly Hotels ( SOHO ) 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/Mis Actual Consensu
s s
Estimate
Q2 Miss $48.79 $51.80
Revenue mln mln (1
Analyst)
Q2 EPS -$0.02
Q2 Net $1.56
Income mln
Q2 $4.76
Adjusted mln
FFO
Q2 FFO $4.32
mln
Q2 $12.02
EBITDA 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 ( SOHO ) is $1.00, about 21% above its August 11 closing price of $0.79
Press Release:
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)