SOTHERLY HOTELS INC 8% CUM RED PFD SER B | 10-Q: FY2025 Q2 Revenue: USD 48.79 M

LB filings
2025.08.14 15:40
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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: $32,537,497 for the three months ended June 30, 2025, compared to $34,575,890 for the same period in 2024. For the six months ended June 30, 2025, revenue was $63,837,998 compared to $64,315,546 in 2024.
  • Food and Beverage Department Revenue: $9,597,210 for the three months ended June 30, 2025, compared to $9,901,554 for the same period 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: $6,659,436 for the three months ended June 30, 2025, compared to $6,216,923 for the same period in 2024. For the six months ended June 30, 2025, revenue was $13,519,419 compared to $13,273,249 in 2024.
  • Total Revenue: $48,794,143 for the three months ended June 30, 2025, compared to $50,694,367 for the same period in 2024. For the six months ended June 30, 2025, total revenue was $97,106,487 compared to $97,242,798 in 2024.

Operational Metrics

  • Net Income: $1,556,424 for the three months ended June 30, 2025, compared to $4,664,232 for the same period in 2024. For the six months ended June 30, 2025, net income was $6,289,950 compared to $5,987,053 in 2024.
  • Depreciation and Amortization: $5,019,340 for the three months ended June 30, 2025, compared to $4,817,523 for the same period in 2024. For the six months ended June 30, 2025, depreciation and amortization were $9,938,077 compared to $9,587,240 in 2024.
  • Corporate General and Administrative Expenses: $2,298,261 for the three months ended June 30, 2025, compared to $1,580,373 for the same period in 2024. For the six months ended June 30, 2025, expenses were $4,187,601 compared to $3,496,898 in 2024.
  • Interest Expense: $5,497,789 for the three months ended June 30, 2025, compared to $5,000,995 for the same period in 2024. For the six months ended June 30, 2025, interest expense was $10,945,354 compared to $9,889,801 in 2024.
  • Interest Income: $66,146 for the three months ended June 30, 2025, compared to $208,102 for the same period in 2024. For the six months ended June 30, 2025, interest income was $136,936 compared to $422,873 in 2024.
  • Other Income: $125,430 for the three months ended June 30, 2025, compared to $142,353 for the same period in 2024. For the six months ended June 30, 2025, other income was $252,020 compared to $267,230 in 2024.
  • Unrealized Gain (Loss) on Hedging Activities: $53,369 for the three months ended June 30, 2025, compared to - $84,872 for the same period in 2024. For the six months ended June 30, 2025, the gain was $53,935 compared to - $791,421 in 2024.
  • Gain on Involuntary Conversion of Assets: $249,384 for the three months ended June 30, 2025, compared to $112,645 for the same period in 2024. For the six months ended June 30, 2025, the gain was $4,123,265 compared to $235,037 in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $10,134,183 for the six months ended June 30, 2025, compared to $16,660,560 for the same period in 2024.
  • Net Cash Used in Investing Activities: - $4,800,503 for the six months ended June 30, 2025, compared to - $5,002,351 for the same period in 2024.
  • Net Cash Used in Financing Activities: - $7,512,504 for the six months ended June 30, 2025, compared to - $578,741 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to maintain overall capital expenditures at 4.0% of gross revenue, with expected total capital expenditures for routine replacement and refurbishment of furniture, fixtures, and equipment to be approximately $7.3 million in 2025.
  • Non-Core Business: The company expects total capital expenditures related to the renovation of the DoubleTree by Hilton Philadelphia Airport and the DoubleTree by Hilton Jacksonville Riverfront to be approximately $11.5 million and $14.6 million, respectively, during fiscal years 2025 and 2026.
  • Priority: The company intends to refinance the indebtedness on The DeSoto at an amount at least equivalent to the expiring indebtedness and plans to obtain extensions from several lenders for mortgages maturing in 2025 and 2026.
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