Sotherly Hotels Perp Pfd 8.25 SOHO 04/18/24 D | 10-Q: FY2025 Q2 Revenue: USD 48.79 M

Revenue: As of FY2025 Q2, the actual value is USD 48.79 M.

EPS: As of FY2025 Q2, the actual value is USD -0.02.

Segment Revenue

• Rooms Department: Revenue for the three months ended June 30, 2025, was $32,537,497, a decrease from $34,575,890 in the same period in 2024. For the six months ended June 30, 2025, revenue was $63,837,998, slightly down from $64,315,546 in 2024.
• Food and Beverage Department: Revenue for the three months ended June 30, 2025, was $9,597,210, compared to $9,901,554 in 2024. For the six months ended June 30, 2025, revenue was $19,749,070, compared to $19,654,003 in 2024.
• Other Operating Departments: Revenue for the three months ended June 30, 2025, was $6,659,436, up from $6,216,923 in 2024. For the six months ended June 30, 2025, revenue was $13,519,419, compared to $13,273,249 in 2024.

Operational Metrics

• Net Income: For the three months ended June 30, 2025, net income was $1,556,424, down from $4,664,232 in 2024. For the six months ended June 30, 2025, net income was $6,289,950, compared to $5,987,053 in 2024.
• Total Operating Expenses: For the three months ended June 30, 2025, total operating expenses were $42,219,391, compared to $41,394,584 in 2024. For the six months ended June 30, 2025, expenses were $84,419,011, compared to $82,268,902 in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the six months ended June 30, 2025, net cash provided by operating activities was $10,134,183, compared to $16,660,560 in 2024.
• Net Cash Used in Investing Activities: For the six months ended June 30, 2025, net cash used in investing activities was $4,800,503, compared to $5,002,351 in 2024.
• Net Cash Used in Financing Activities: For the six months ended June 30, 2025, net cash used in financing activities was $7,512,504, compared to $578,741 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to maintain its focus on the acquisition, renovation, and repositioning of upscale to upper-upscale full-service hotels in the southern United States. It aims to maintain overall capital expenditures at 4.0% of gross revenue and expects total capital expenditures for routine replacement and refurbishment to be approximately $7.3 million in 2025.
• Non-Core Business: The company is exploring the sale of the parking garage associated with The Georgian Terrace for $17.75 million, intending to use the net cash proceeds to reduce existing indebtedness on the hotel.