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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...
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.
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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