Sotherly Hotels: Q1 Earnings Snapshot

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

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $1.2 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...

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

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $1.2 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 $2.5 million, or 15 cents per share.

The real estate investment trust, based in Williamsburg, Virginia, posted revenue of $38.4 million in the period.

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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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