Sotherly Hotels Inc. (SOHO)

Sotherly Hotels Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	118.31	114.75	109.55	88.63	49.19	128.06
Other Revenue	61.55	58.86	56.46	38.76	22.22	57.7
Total Revenue	179.86	173.61	166.02	127.39	71.42	185.76
Revenue Growth (YoY	3.98%	4.57%	30.32%	78.37%	-61.55%	4.75%
Property Expenses	133.65	129.05	119.61	96.69	74.73	138.85
Selling, General & Administrative	6.59	7.08	6.62	7	6.49	6.83
Depreciation & Amortization	19.18	18.79	18.65	19.91	19.9	21.64
Total Operating Expenses	159.41	154.92	144.89	123.6	101.12	167.32
Operating Income	20.45	18.69	21.13	3.79	-29.7	18.44
Interest Expense	-19.95	-17.59	-19.77	-22.69	-18.06	-19.77
Interest & Investment Income	0.79	0.8	0.19	0.15	0.21	0.44
Other Non-Operating Income	0.06	-0.28	2.92	1.49	-0.99	-1.18
EBT Excluding Unusual Items	1.35	1.62	4.46	-17.26	-48.53	-2.06
Gain (Loss) on Sale of Assets	0	0	29.42	0.16	-0.14	-0.12
Total Insurance Settlements	0.23	0.23	0.06	0.2	0.09	0.03
Asset Writedown	-	-	-	-12.2	-	-
Other Unusual Items	0.07	1.65	0.54	0.59	0.18	3.08
Pretax Income	1.65	3.5	34.48	-28.51	-48.4	0.93
Income Tax Expense	0.12	-0.3	0.52	0.03	5.28	-0.25
Earnings From Continuing Operations	1.53	3.81	33.96	-28.54	-53.68	1.18
Minority Interest in Earnings	0.13	0.13	-1.42	2.32	4.49	0.73
Net Income	1.65	3.94	32.54	-26.22	-49.19	1.91
Preferred Dividends & Other Adjustments	7.98	7.98	7.57	7.18	8.76	7.82
Net Income to Common	-6.32	-4.04	24.97	-33.4	-57.95	-5.91
Net Income Growth	-82.99%	-87.89%	-	-	-	1636.87%
Basic Shares Outstanding	19	19	18	16	14	14
Diluted Shares Outstanding	19	19	18	16	14	14
Shares Change (YoY)	3.65%	5.84%	14.62%	8.52%	4.91%	0.93%
EPS (Basic)	-0.33	-0.21	1.40	-2.15	-4.05	-0.43
EPS (Diluted)	-0.33	-0.22	1.40	-2.15	-4.05	-0.43
Dividend Per Share	-	-	-	-	-	0.515
Dividend Growth	-	-	-	-	-	6.19%
Operating Margin	11.37%	10.77%	12.73%	2.97%	-41.59%	9.93%
Profit Margin	-3.52%	-2.32%	15.04%	-26.22%	-81.14%	-3.18%
Free Cash Flow Margin	-	12.33%	4.01%	1.82%	-15.77%	12.09%
EBITDA	39.04	37.48	39.78	23.7	-9.8	40.08
EBITDA Margin	21.70%	21.59%	23.96%	18.60%	-13.73%	21.58%
D&A For Ebitda	18.59	18.79	18.65	19.91	19.9	21.64
EBIT	20.45	18.69	21.13	3.79	-29.7	18.44
EBIT Margin	11.37%	10.77%	12.73%	2.97%	-41.59%	9.93%
Funds From Operations (FFO)	13.19	13.19	13.74	-4.79	-42.66	14.76
Adjusted Funds From Operations (AFFO)	-	14.54	17.82	-4.89	-35.45	17.55
FFO Payout Ratio	-	-	-	-	-	53.24%
Effective Tax Rate	7.27%	-	1.51%	-	-	-
Revenue as Reported	180.09	173.84	166.08	127.59	71.5	185.79

Source: S&P Capital IQ. Real Estate template. Financial Sources.