Sotherly Hotels FFO of -$0.08 beats by $0.02, revenue of $35.07M beats by $2.02M
Mar. 03, 2022 6:37 AM ETSotherly Hotels Inc. (SOHO)By: Deepa Sarvaiya, SA News Editor
- Sotherly Hotels press release (NASDAQ:SOHO): Q4 FFO of -$0.08 beats by $0.02.
- Revenue of $35.07M (+140.4% Y/Y) beats by $2.02M.
2022 Outlook: For the first quarter of 2022, the Company expects Composite RevPAR to be down approximately 20% compared to the first quarter 2019, much improved from the first and second quarters of 2021. Due to the uncertainties related to the COVID-19 pandemic and its impact on travel, the Company is unable to provide additional guidance for 2022.