SOTHERLY HOTELS INC 7.875% CUM RED PERPTUAL PFD SHS SER C | 10-Q: FY2025 Q3 Revenue: USD 38.01 M

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.

Rooms Department Revenue: $25,177,734 for the three months ended September 30, 2025, compared to $27,164,369 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $89,015,733 compared to $91,479,915 in 2024.
Food and Beverage Department Revenue: $7,243,262 for the three months ended September 30, 2025, compared to $7,759,489 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $26,992,332 compared to $27,413,491 in 2024.
Other Operating Departments Revenue: $5,592,126 for the three months ended September 30, 2025, compared to $5,776,123 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $19,111,545 compared to $19,049,373 in 2024.

Net Operating Income: $514,758 for the three months ended September 30, 2025, compared to $1,754,934 for the same period in 2024. For the nine months ended September 30, 2025, net operating income was $13,202,235 compared to $16,733,228 in 2024.
Net Loss: - $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, net income was $731,560 compared to $2,297,431 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, depreciation and amortization was $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, these expenses were $5,573,373 compared to $4,968,465 in 2024.

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.

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, interest expense was $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, interest 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, other 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, the 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, the 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, the gain was $3,902,065 compared to $267,574 in 2024.

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, such as the Lyfe Resort & Residences and the Hyde Beach House Resort & Residences.
Priority: The Company is currently involved in a proposed merger with KW Kingfisher LLC and Sparrows Nest LLC, which is expected to be completed in the first quarter of 2026. The merger agreement includes certain capital restrictions and operational limitations until the closing of the merger.