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Last €5.65 EUR
Change Today -0.069 / -1.21%
Volume 0.0
As of 2:08 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

sotherly hotels inc (MCL) Snapshot

Open
€5.65
Previous Close
€5.72
Day High
€5.65
Day Low
€5.65
52 Week High
06/17/15 - €7.41
52 Week Low
08/26/15 - €5.50
Market Cap
80.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
14.3M
EX-Date
09/11/15
P/E TM
--
Dividend
€0.32
Dividend Yield
4.20%
Current Stock Chart for SOTHERLY HOTELS INC (MCL)

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sotherly hotels inc (MCL) Details

Sotherly Hotels Inc. is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily own, acquire, renovate and reposition full-service, primarily upper upscale and upscale hotel properties. The firm was formerly known as MHI Hospitality Corp. Sotherly Hotels Inc. was founded in 1957 and is based in Williamsburg, Virginia.

13 Employees
Last Reported Date: 04/14/15
Founded in 1957

sotherly hotels inc (MCL) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $545.3K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $361.5K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: $289.0K
Compensation as of Fiscal Year 2014.

sotherly hotels inc (MCL) Key Developments

Sotherly Hotels Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for 2015

Sotherly Hotels Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $36,865,108 compared to $36,339,701 a year ago. Net operating income was $7,175,653 compared to $7,219,081 a year ago. Net income before taxes was $2,714,644 compared to $3,316,337 a year ago. Net loss attributable to the company was $1,431,110 compared to $2,166,689 a year ago. Diluted loss per share was $0.13 compared with $0.21 a year ago. FFO was $5,137,283 or $0.39 per share compared to $5,880,341 or $0.45 per share a year ago. Adjusted FFO was $6,740,624 or $0.52 per share compared to $6,308,415 or $0.48 per share a year ago. EBITDA was $10,779,661 compared to $10,522,508 a year ago. Adjusted EBITDA was $10,779,661 compared to $10,522,508 a year ago. Hotel EBITDA was $11,897,504 compared to $11,442,626 a year ago. For the six months, the company reported total revenue of $47,687,785 compared to $42,869,437 a year ago. Net operating income was $10,740,821 compared to $9,980,075 a year ago. Net income before taxes was $2,989,727 compared to $3,583,332 a year ago. Net loss attributable to the company was $2,006,444 compared to $2,949,691 a year ago. Diluted loss per share was $0.19 compared with $0.29 a year ago. FFO was $8,866,676 or $0.68 per share compared to $9,455,667 or $0.72 per share a year ago. Adjusted FFO was $9,973,563 or $0.76 per share compared to $9,303,609 or $0.71 per share a year ago. EBITDA was $17,996,178 compared to $16,405,605 a year ago. Adjusted EBITDA was $17,996,178 compared to $16,560,732 a year ago. Hotel EBITDA was $19,712,658 compared to $17,761,799 a year ago. The company revised earnings guidance for the year 2015. The company now expects total revenue of $137,735,000 to $142,650,000, net income of $4,212,000 to $5,515,000, EBITDA of $33,954,000 to $35,004,000, Hotel EBITDA of $38,737,000 to $39,637,000, FFO of $16,417,000 to $17,472,000, adjusted FFO of $16,852,000 to $17,907,000, net income per share attributable to the company of $0.21 to $0.28, FFO per share and unit of $1.10 to $1.17 and adjusted FFO per share and unit of $1.13 to $1.20 against guidance of total revenue of $132,189,000 to $135,460,000, net income of $4,460,000 to $5,515,000, EBITDA of $31,890,000 to $32,895,000, Hotel EBITDA of $35,925,000 to $36,820,000, FFO of $17,010,000 to $18,065,000, adjusted FFO of $15,860,000 to $16,915,000, net income per share attributable to the Company of $0.34 to $0.44, FFO per share and unit of $1.29 to $1.37 and adjusted FFO per share and unit of $1.120 to $1.28 provided earlier.

SoTHERLY Hotels Inc. Announces Acquisition of Hollywood, Florida Hotel

SoTHERLY Hotels Inc. announced that the company has acquired the remaining 75.0% interest in the entities that own the 311-room Crowne Plaza™ Hollywood Beach Resort located in Hollywood, Florida for $26.25 million. The company previously owned a 25.0% non-controlling interest in the Hotel through a joint venture with an affiliate of The Carlyle Group. As a part of the transaction, the company assumed the existing $57.0 million first mortgage with Bank of America, N.A. The loan carries a floating interest rate of the 1-month LIBOR rate plus 3.95%, is interest only, and matures in January 2017. The Hotel will continue to be managed by Chesapeake Hospitality under a new management agreement which includes a reduced base management fee structure and terms consistent with the Company’s other management agreements with Chesapeake Hospitality.

Sotherly Hotels Inc. Declares Quarterly Cash Dividend, Payable on October 9, 2015

Sotherly Hotels Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per common share of beneficial interest. The quarterly dividend will be paid on October 9, 2015 to shareholders of record as of September 15, 2015.

 

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Price/Book 2.8x
Price/Cash Flow 8.3x
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