SOTHERLY HOTELS INC 8% CUM RED PFD SER B | 8-K: FY2025 Q1 Revenue: USD 48.31 M

Revenue: As of FY2025 Q1, the actual value is USD 48.31 M.

EPS: As of FY2025 Q1, the actual value is USD 0.13.

EBIT: As of FY2025 Q1, the actual value is USD 15.03 M.

Segment Revenue

• Total Revenue: Increased to $48.3 million for the three months ended March 31, 2025, compared to $46.5 million for the same period in 2024.

Operational Metrics

• Net Income: Increased to $4.7 million from $1.3 million year-over-year.
• Net Income (Loss) Attributable to Common Stockholders: Improved from a loss of - $0.7 million to an income of $2.7 million.
• EBITDA: Increased to $15.0 million from $10.8 million year-over-year.
• Hotel EBITDA: Increased to $12.9 million from $12.4 million year-over-year.
• Adjusted FFO Attributable to Common Stockholders and Unitholders: Decreased by 12.8% to $4.5 million from $5.2 million.

Cash Flow

• Cash and Cash Equivalents: Approximately $32.8 million as of March 31, 2025, with $21.3 million reserved for specific expenses.

Unique Metrics

• RevPAR: Increased by 5.0% to $129.74, driven by a 3.9% increase in occupancy to 68.8% and a 1.1% decrease in ADR to $188.49.

Outlook / Guidance

• The company anticipates total revenues for 2025 to range between $183.4 million and $188.2 million, with net income ranging from - $676,000 to $129,000. The company remains cautious about the pace of hotel demand due to reduced international travel and potential economic recession impacts. Efforts to control costs and maintain lean operations are expected to continue shaping profitability.