Sotherly Hotels Perp Pfd 8.25 SOHO 04/18/24 D | 10-Q: FY2025 Q3 Revenue: USD 38.01 M

LB filings
2025.11.14 20:41
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Revenue: As of FY2025 Q3, the actual value is USD 38.01 M.

EPS: As of FY2025 Q3, the actual value is USD -0.37.

EBIT: As of FY2025 Q3, the actual value is USD 6.02 M.

Operational Metrics

  • Hotel Operating Expenses: $31,224,613 for the three months ended September 30, 2025, compared to $32,612,933 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $101,517,947 compared to $101,797,697 in 2024.
  • Depreciation and Amortization: $4,887,979 for the three months ended September 30, 2025, compared to $4,860,548 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $14,826,055 compared to $14,447,789 in 2024.
  • Corporate General and Administrative Expenses: $1,385,772 for the three months ended September 30, 2025, compared to $1,471,566 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $5,573,373 compared to $4,968,465 in 2024.
  • Interest Expense: $5,570,463 for the three months ended September 30, 2025, compared to $5,341,825 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $16,515,817 compared to $15,231,626 in 2024.
  • Interest Income: $65,492 for the three months ended September 30, 2025, compared to $155,309 for the same period in 2024. For the nine months ended September 30, 2025, income was $202,427 compared to $578,183 in 2024.
  • Other Income: $101,944 for the three months ended September 30, 2025, compared to $103,961 for the same period in 2024. For the nine months ended September 30, 2025, income was $353,964 compared to $371,191 in 2024.
  • Loss on Early Extinguishment of Debt: $463,195 for the three months ended September 30, 2025, compared to $0 for the same period in 2024. For the nine months ended September 30, 2025, loss was $463,195 compared to $241,878 in 2024.
  • Unrealized Gain (Loss) on Hedging Activities: -$26,265 for the three months ended September 30, 2025, compared to -$327,826 for the same period in 2024. For the nine months ended September 30, 2025, gain was $80,200 compared to -$1,119,247 in 2024.
  • Net (Loss) Gain on Involuntary Conversion of Assets: -$221,200 for the three months ended September 30, 2025, compared to $32,537 for the same period in 2024. For the nine months ended September 30, 2025, gain was $3,902,065 compared to $267,574 in 2024.
  • Net (Loss) Income Before Income Taxes: -$5,546,399 for the three months ended September 30, 2025, compared to -$3,622,910 for the same period in 2024. For the nine months ended September 30, 2025, income was $761,879 compared to $2,399,419 in 2024.
  • Income Tax Provision: -$11,991 for the three months ended September 30, 2025, compared to -$66,711 for the same period in 2024. For the nine months ended September 30, 2025, provision was -$30,319 compared to -$101,988 in 2024.
  • Net (Loss) Income: -$5,558,390 for the three months ended September 30, 2025, compared to -$3,689,621 for the same period in 2024. For the nine months ended September 30, 2025, income was $731,560 compared to $2,297,431 in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $9,760,267 for the nine months ended September 30, 2025, compared to $21,417,328 for the same period in 2024.
  • Net Cash Used in Investing Activities: -$7,510,041 for the nine months ended September 30, 2025, compared to -$9,834,153 for the same period in 2024.
  • Net Cash Used in Financing Activities: -$1,338,680 for the nine months ended September 30, 2025, compared to -$5,313,761 for the same period in 2024.
  • Net Increase in Cash, Cash Equivalents, and Restricted Cash: $911,546 for the nine months ended September 30, 2025, compared to $6,269,414 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The Company is focused on the acquisition, renovation, up-branding, and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company may also opportunistically acquire hotels throughout the United States.
  • Non-Core Business: The Company is involved in the management of rental programs at condominium hotels and is exploring opportunities to expand into new markets.
  • Priority: The Company is prioritizing the completion of the proposed Merger with KW Kingfisher LLC, which is expected to be consummated in the first calendar year quarter of 2026. The Merger is anticipated to provide significant benefits to the Company and its shareholders.
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