Sotherly Hotels Reports Strong Earnings

Sotherly Hotels, which has a baby bond outstanding as well as 2 preferred issues reported strong earnings this morning.

Sotherly, which is a lodging REIT, has revenue per available room which was higher this year by 11% compared to last year–stellar.  Funds from Operations (FFO)–a REIT metric, were 46 cents/share versus 29 cents/share a year ago.

The company press release can be found here.

We own the 7.25% baby bonds (NASDAQ:SOHOK)

3 thoughts on “Sotherly Hotels Reports Strong Earnings”

  1. Glad to hear this. I recently got into SOHOO at $25.00. Now at $25.14. SOHOO has a coupon of 7.87%

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