Sotherly Hotels: Q1 Earnings Snapshot
WILLIAMSBURG, Va. — WILLIAMSBURG, Va. — Sotherly Hotels Inc. (SOHO) on Tuesday 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 $3.8 million, or 19 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.
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