Sotherly Hotels Inc. (SOHO) 10-Year Financial Performance & Capital Metrics

SOHO • • REIT / Real Estate

Real EstateHotel REITsLuxury & Upper Upscale HotelsPremium Full-Service Hotels

AboutSotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc. brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.Show more

Revenue $182M +4.6%
FFO $21M -9.0%
FFO/Share 1.07 -11.7%
FFO Payout 38.57% -12.1%
FFO per Share 1.07 -11.7%
NOI Margin 25.74% -0.1%
FFO Margin 11.37% -13.0%
ROE 2.91% -63.3%
ROA 0.32% -67.3%
Debt/Assets 82.14%
Net Debt/EBITDA 8.32 +2.6%
Book Value/Share 2.14 -15.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 35.5%
✓Sustainable FFO payout ratio of 38.6%
✓Momentum leader: RS Rating 94 (top 6%)
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗High debt to equity ratio of 8.2x
✗Low NOI margin of 25.7%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4%

5Y-0.42%

3Y12.55%

TTM-0.57%

Profit (Net Income) CAGR

10Y-4.93%

5Y-7.37%

3Y-

TTM-118.78%

EPS CAGR

10Y-

5Y-

3Y-

TTM84.77%

ROCE

10Y Avg2.95%

5Y Avg1.49%

3Y Avg5.34%

Latest5.55%

Peer Comparison

Premium Full-Service Hotels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SHOSunstone Hotel Investors, Inc.	1.74B	9.17	65.50	-8.18%	1.94%	0.93%	9.78%	0.41
PKPark Hotels & Resorts Inc.	2.3B	11.49	11.38	-3.67%	2.25%	1.71%	8.79%	1.33
AHTAshford Hospitality Trust, Inc.	29.17M	4.55	-0.26	-14.26%	-20.55%
SOHOSotherly Hotels Inc.	44.26M	2.16	-6.35	4.63%	-0.17%	-0.84%	58.49%	8.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	138.53M	152.85M	154.27M	178.17M	185.79M	71.5M	127.59M	166.08M	173.84M	181.89M
Revenue Growth %	0.13%	0.1%	0.01%	0.15%	0.04%	-0.62%	0.78%	0.3%	0.05%	0.05%
Property Operating Expenses	101.89M	112.83M	113.28M	130.49M	138.85M	74.73M	96.69M	119.61M	129.05M	135.08M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	20.86M	21.04M	23.34M	27.07M	28.59M	26.53M	38.75M	25.91M	25.86M	26.16M
G&A Expenses	7.27M	6.02M	6.34M	6.18M	6.83M	6.49M	7M	6.62M	7.08M	6.79M
EBITDA+	28.92M	152.52M	152.81M	178.47M	39.98M	-9.85M	11.85M	39.21M	37.71M	40.03M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	13.59M	133.91M	136.64M	158.36M	21.64M	19.9M	19.91M	18.65M	18.79M	19.38M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	15.33M	18.61M	16.16M	20.11M	18.35M	-29.75M	-8.06M	20.55M	18.93M	20.65M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	16.52M	17.74M	15.73M	19.95M	19.77M	18.06M	22.69M	19.77M	17.59M	20.88M
Interest Coverage	0.93x	1.05x	1.03x	1.01x	0.93x	-1.65x	-0.36x	1.04x	1.08x	0.99x
Non-Operating Income	-6.25M	1.34M	-1.33M	291.37K	-2.35M	595.92K	-2.23M	-33.7M	-2.17M	-1.55M
Pretax Income+	5.06M	-467.49K	1.77M	-138.81K	926.09K	-48.4M	-28.51M	34.48M	3.5M	1.31M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-1.34M	-1.37M	1.74M	469.35K	-249.48K	5.28M	27.39K	522.36K	-304.95K	132.49K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.36M	926.72K	442.5K	109.94K	1.91M	-49.19M	-26.22M	32.54M	3.94M	1.3M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.48%	-0.83%	-0.52%	-0.75%	16.37%	-26.76%	0.47%	2.24%	-0.88%	-0.67%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.35%	6.12%	0.02%	0.16%	-0.85%	-2.24%	0.78%	9.11%	-0.56%	-0.09%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.43	-0.01	-0.24	0.01	0.09	-4.05	-2.15	1.39	-0.22	-0.34
EPS Growth %	8.17%	-1.02%	-23%	1.03%	-	-47.98%	0.47%	1.65%	-1.16%	-0.55%
EPS (Basic)	0.43	-0.01	-0.24	0.01	0.09	-4.05	-2.15	1.40	-0.22	-0.34
Diluted Shares Outstanding	12.54M	14.9M	13.83M	13.52M	13.64M	14.31M	15.53M	18.38M	18.84M	19.42M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	393.06M	406.02M	409.95M	493.48M	487.23M	473.03M	436.05M	406.57M	393.44M	414.38M
Asset Growth %	0.3%	0.03%	0.01%	0.2%	-0.01%	-0.03%	-0.08%	-0.07%	-0.03%	0.05%
Real Estate & Other Assets+	4.09M	6.95M	5.45M	435.73M	5.41M	427.82M	375.89M	365.07M	0	372.38M
PP&E (Net)	354.96M	348.59M	357.8M	2.47M	443.27M	0	0	0	356.17M	0
Investment Securities	0	-1000K	-1000K	-1000K	0	0	0	0	0	0
Total Current Assets+	28.62M	50.48M	46.7M	50.16M	38.55M	45.21M	60.17M	41.5M	37.27M	42M
Cash & Equivalents	11.49M	31.77M	29.78M	33.79M	23.74M	25.3M	13.17M	21.92M	17.1M	7.33M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	12.83M	14.58M	10.94M	9.34M	9.89M	10M	35.28M	5.42M	14.22M	21.38M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	340.2M	324.68M	315.78M	411.22M	385.82M	428.83M	419.55M	355.05M	345.54M	372.78M
Total Debt+	324.88M	307.02M	297.32M	388.72M	358.63M	397.68M	377.91M	323.03M	322.95M	340.38M
Net Debt	313.38M	275.25M	267.54M	354.93M	334.9M	372.38M	364.74M	301.11M	305.84M	333.05M
Long-Term Debt	320.79M	307.02M	297.32M	388.72M	358.63M	386.96M	377.91M	323.03M	307.53M	317.17M
Short-Term Borrowings	1000K	1000K	0	1000K	0	1000K	0	0	1000K	0
Capital Lease Obligations	0	16.1K	29.1K	29.62K	0	0	0	0	5.42M	23.2M
Total Current Liabilities+	13.67M	15.35M	16.89M	19.68M	24.4M	39.91M	40.09M	29.79M	35.4M	28.67M
Accounts Payable	12.33M	12.97M	13.81M	16.27M	20.19M	35.63M	35.96M	25.7M	17.9M	26.58M
Deferred Revenue	1.65M	2.32M	1.57M	2.82M	0	0	0	0	0	0
Other Liabilities	4.09M	0	0	0	2.79M	1.96M	1.55M	2.23M	2.61M	3.73M
Total Equity+	52.86M	81.34M	94.18M	82.27M	101.41M	44.2M	16.5M	51.52M	47.9M	41.6M
Equity Growth %	0.69%	0.54%	0.16%	-0.13%	0.23%	-0.56%	-0.63%	2.12%	-0.07%	-0.13%
Shareholders Equity	49.03M	79.01M	93.02M	81.82M	102.61M	49.55M	21.26M	52.25M	49.23M	43.05M
Minority Interest	3.83M	2.33M	1.15M	441.71K	-1.2M	-5.35M	-4.76M	-733.58K	-1.33M	-1.45M
Common Stock	144.91K	144.69K	140.79K	142.09K	142.72K	150.24K	174.41K	189.51K	196.97K	198.49K
Additional Paid-in Capital	82.75M	118.4M	146.25M	147.09M	78.23M	180.29M	177.65M	175.61M	73.5M	175.37M
Retained Earnings	-33.89M	-39.55M	-48.77M	-61.25M	0	-127.3M	-153.52M	-120.99M	0	-131.7M
Preferred Stock	33.89M	16.1K	29.1K	29.62K	102.33M	43.65K	40.6K	39.73K	102.32M	39.73K
Return on Assets (ROA)	0.02%	0%	0%	0%	0%	-0.1%	-0.06%	0.08%	0.01%	0%
Return on Equity (ROE)	0.13%	0.01%	0.01%	0%	0.02%	-0.68%	-0.86%	0.96%	0.08%	0.03%
Debt / Assets	0.83%	0.76%	0.73%	0.79%	0.74%	0.84%	0.87%	0.79%	0.82%	0.82%
Debt / Equity	6.15x	3.77x	3.16x	4.73x	3.54x	9.00x	22.90x	6.27x	6.74x	8.18x
Net Debt / EBITDA	10.84x	1.80x	1.75x	1.99x	8.38x	-	30.77x	7.68x	8.11x	8.32x
Book Value per Share	4.21	5.46	6.81	6.09	7.43	3.09	1.06	2.80	2.54	2.14

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	11.38M	17.14M	15.76M	26.16M	22.46M	-11.26M	2.32M	6.66M	21.4M	25.89M
Operating CF Growth %	-0.23%	0.51%	-0.08%	0.66%	-0.14%	-1.5%	1.21%	1.87%	2.21%	0.21%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	6.4M	900.15K	29.49K	-608.16K	1.18M	-53.68M	-26.22M	33.96M	3.81M	1.18M
Depreciation & Amortization	13.59M	15.02M	17M	20.88M	21.64M	19.9M	19.91M	18.65M	18.79M	19.38M
Stock-Based Compensation	285.98K	211.68K	347.39K	379.15K	385.56K	754.11K	0	998.42K	559.22K	497.5K
Other Non-Cash Items	1.28M	1.12M	751.73K	995.72K	764.84K	548.01K	9.34M	-31.61M	-340K	2.35M
Working Capital Changes	-4.44M	-1.66M	-2.75M	3.36M	277.09K	20.28M	-702K	-15.34M	-1.42M	2.48M
Cash from Investing+	-41.13M	-12.94M	-18.3M	-100.9M	-18.71M	-3.78M	-2.39M	46.66M	-6.73M	-14.14M
Acquisitions (Net)	-25.53M	0	-3.99M	-79.73M	-6.35M	0	0	0	0	0
Purchase of Investments	-30.5M	-5.28M	-8.68M	-79.73M	-6.35M	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	0	1000K	0	0	1000K	0	0
Other Investing	4.53M	1.97M	3.41M	938.44K	-12.36M	236.53K	789.09K	2.22M	-6.73M	-14.14M
Cash from Financing+	24.61M	15.8M	549.71K	79.17M	-13.64M	22.36M	-9.66M	-51.55M	-15.78M	-9.27M
Dividends Paid	-4.1M	-6.19M	-9.73M	-12.15M	-14.96M	-4.19M	0	0	-9.97M	-7.98M
Common Dividends	-4.1M	-5.85M	-5.95M	-6.32M	-7.86M	-2M	0	0	0	0
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	378.93K
Share Repurchases	0	-2.06M	-8.58M	0	0	0	0	0	0	0
Other Financing	-1.38M	-1.8M	-837.99K	-3.82M	-106.95K	-1.56M	-19.51K	-359.39K	-525.44K	-1.67M
Net Change in Cash+	-5.14M	20.27M	-1.99M	4.44M	-9.88M	7.32M	-9.72M	1.76M	-1.11M	2.47M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	16.63M	11.49M	31.77M	33.43M	37.87M	27.98M	35.3M	25.58M	27.34M	26.24M
Cash at End	11.49M	31.77M	29.78M	37.87M	27.98M	35.3M	25.58M	27.34M	26.24M	28.71M
Free Cash Flow+	-8.76M	2.23M	-1.96M	4.06M	9.8M	-15.28M	-854.34K	-1.31M	21.4M	25.89M
FCF Growth %	-2.73%	1.25%	-1.88%	3.07%	1.41%	-2.56%	0.94%	-0.53%	17.39%	0.21%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.51	9.05	9.91	11.72	1.73	-2.05	-0.41	2.78	1.21	1.07
FFO Payout Ratio	21.66%	4.34%	4.34%	3.99%	33.38%	-6.83%	0%	0%	43.87%	38.57%
NOI Margin	26.45%	26.18%	26.57%	26.76%	25.26%	-4.51%	24.21%	27.98%	25.76%	25.74%
Net Debt / EBITDA	10.84x	1.80x	1.75x	1.99x	8.38x	-	30.77x	7.68x	8.11x	8.32x
Debt / Assets	82.65%	75.62%	72.52%	78.77%	73.61%	84.07%	86.67%	79.45%	82.08%	82.14%
Interest Coverage	0.93x	1.05x	1.03x	1.01x	0.93x	-1.65x	-0.36x	1.04x	1.08x	0.99x
Book Value / Share	4.21	5.46	6.81	6.09	7.43	3.09	1.06	2.8	2.54	2.14
Revenue Growth	12.68%	10.33%	0.93%	15.5%	4.27%	-61.51%	78.44%	30.17%	4.67%	4.63%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Occupancy	120.99M	128.06M	49.19M	88.63M	109.55M	114.75M	119.08M
Occupancy Growth	-	5.84%	-61.59%	80.16%	23.61%	4.74%	3.77%
Food and Beverage	-	-	-	-	29.56M	35.23M	36.63M
Food and Beverage Growth	-	-	-	-	-	19.20%	3.96%
Hotel, Other	-	-	-	-	26.97M	23.86M	26.19M
Hotel, Other Growth	-	-	-	-	-	-11.53%	9.77%
Hotel Other	19.04M	17.46M	11.63M	23.13M	-	-	-
Hotel Other Growth	-	-8.33%	-33.36%	98.85%	-	-	-
Food And Beverage	38.13M	40.27M	10.68M	15.83M	-	-	-
Food And Beverage Growth	-	5.59%	-73.49%	48.26%	-	-	-

Frequently Asked Questions

Growth & Financials

Sotherly Hotels Inc. (SOHO) reported $179.1M in revenue for fiscal year 2024. This represents a 121% increase from $81.2M in 2011.

Sotherly Hotels Inc. (SOHO) grew revenue by 4.6% over the past year. Growth has been modest.

Sotherly Hotels Inc. (SOHO) reported a net loss of $0.3M for fiscal year 2024.

Dividend & Returns

Yes, Sotherly Hotels Inc. (SOHO) pays a dividend with a yield of 19.02%. This makes it attractive for income-focused investors.

Sotherly Hotels Inc. (SOHO) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

Industry Metrics

Sotherly Hotels Inc. (SOHO) generated Funds From Operations (FFO) of $19.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Sotherly Hotels Inc. (SOHO) offers a 19.02% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

US Stock Screener

...