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WILLIAMSBURG, Va. (AP) _ Sotherly Hotels Inc. (SOHO) on Thursday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier.
The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $1.1 million, or 7 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 $2.8 million, or 19 cents per share.
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The real estate investment trust posted revenue of $34.4 million in the period.
The company’s shares closed at $2.26. A year ago, they were trading at $2.42.
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
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