Advertisement
Singapore markets close in 5 hours 13 minutes

  • Straits Times Index

    3,306.71
    +3.52 (+0.11%)
     

  • Nikkei

    38,688.66
    +452.59 (+1.18%)
     

  • Hang Seng

    18,442.19
    -136.11 (-0.73%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,196.55
    -652.06 (-1.02%)
     

  • CMC Crypto 200

    1,354.69
    +42.06 (+3.20%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • Dow

    38,852.27
    +176.59 (+0.46%)
     

  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     

  • Gold

    2,331.70
    +0.50 (+0.02%)
     

  • Crude Oil

    78.71
    +0.23 (+0.29%)
     

  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     

  • FTSE Bursa Malaysia

    1,605.56
    +8.17 (+0.51%)
     

  • Jakarta Composite Index

    7,147.45
    +11.56 (+0.16%)
     

  • PSE Index

    6,647.90
    -4.59 (-0.07%)
     

Sotherly Hotels: Q4 Earnings Snapshot

Associated Press
Updated ·1-min read

WILLIAMSBURG, Va. (AP) _ Sotherly Hotels Inc. (SOHO) on Thursday reported a key measure of profitability in its fourth quarter.

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $10.7 million, or 69 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $14.7 million, or $1.02 per share.

The real estate investment trust posted revenue of $14.6 million in the period.

For the year, the company reported funds from operations losses of $36.2 million, or $2.33 per share, swinging to a loss in the period. Revenue was reported as $71.5 million.

ADVERTISEMENT

The company's shares closed at $3.80. A year ago, they were trading at $5.14.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOHO at https://www.zacks.com/ap/SOHO