Last €6.76 EUR
Change Today +0.021 / 0.31%
Volume 0.0
MCL On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 2:09 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

sotherly hotels inc (MCL) Snapshot

Open
€6.76
Previous Close
€6.74
Day High
€6.76
Day Low
€6.76
52 Week High
01/26/15 - €6.76
52 Week Low
01/27/14 - €4.10
Market Cap
71.4M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
10.6M
EX-Date
12/11/14
P/E TM
--
Dividend
€0.24
Dividend Yield
2.56%
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.

9 Employees
Last Reported Date: 03/25/14
Founded in 1957

sotherly hotels inc (MCL) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $524.9K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $356.0K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: $258.0K
Compensation as of Fiscal Year 2013.

sotherly hotels inc (MCL) Key Developments

SoTHERLY Hotels Inc. Announces Repayment of $19.0 Million Secured Bridge Financing

SoTHERLY Hotels Inc. announced the repayment of the $19.0 million secured Bridge Financing with Richmond Hill Capital Partners, LP and Essex Equity Joint Investment Vehicle, LLC which carried a 12.0% yield-to-maturity and had a maturity date of March 26, 2015. The Company used a portion of the net proceeds from the previously announced offering by the Company's operating partnership of its 7.0% senior unsecured notes to fund the repayment.

Sotherly Hotels Inc. Announces Closing of 7.00% Senior Unsecured Notes Offered by its Operating Partnership

SoTHERLY Hotels Inc. announced the closing of the issuance and sale of 7.00% senior unsecured notes due 2019 offered by its operating partnership, Sotherly Hotels LP. The aggregate principal amount of the Notes is $25.3 million. The total net proceeds were approximately $23.7 million after deducting underwriting discounts and commissions and estimated offering expenses. The Notes are expected to trade on the NASDAQ(R) Global Market under the symbol "SOHOM" within 30 days. The company expects the Operating Partnership to use a portion of the net proceeds from the offering to repay the $19.0 million secured Bridge Financing with Richmond Hill Capital Partners, LP and Essex Equity Joint Investment Vehicle, LLC, which carries a 12.0% yield-to-maturity. The company expects the Operating Partnership to use the remaining net proceeds from the offering for general corporate purposes.

Sotherly Hotels Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

Sotherly Hotels Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue was $31,764,453 compared to $21,458,637 for the same period a year ago. Net operating income was $3,141,612 compared to $2,335,090 for the same period a year ago. Net loss before income taxes was $1,002,184 compared to $2,023,846 for the same period a year ago. Net loss was $280,014 compared to $2,117,808 for the same period a year ago. Net loss attributable to the company was $214,902 or $0.02 per diluted share compared to $1,649,722 or $0.16 per diluted share for the same period a year ago. FFO was $3,332,421 or $0.25 per share compared to $60,430 or $0.00 per share for the same period a year ago. Adjusted FFO was $2,954,284 or $0.23 per share compared to $2,067,773 or $0.16 per share for the same period a year ago. EBITDA was $6,762,425 compared to $4,159,342 for the same period a year ago. Adjusted EBITDA was $6,762,425 compared to $4,474,358 for the same period a year ago. For the nine months, the company reported was revenue was $93,114,542 compared to $66,899,092 for the same period a year ago. Net operating income was $13,121,687 compared to $9,183,970 for the same period a year ago. Net income before income taxes was $2,581,148 compared to net loss before income tax of $2,303,691 for the same period a year ago. Net income was $3,474,854 compared to net loss of $3,772,526 for the same period a year ago. Net income attributable to the company was $2,734,789 or $0.27 per diluted share compared to net loss attributable to the company of $2,934,048 or $0.29 per diluted share for the same period a year ago. FFO was $12,788,088 or $0.98 per share compared to $2,758,072 or $0.21 per share for the same period a year ago. Adjusted FFO was $12,257,894 or $0.94 per share compared to $9,054,938 or $0.69 per share for the same period a year ago. EBITDA was $23,172,230 compared to $13,454,418 for the same period a year ago. Adjusted EBITDA was $23,327,417 compared to $16,404,069 for the same period a year ago. The company updated earnings guidance for the year 2014. For the period, the company maintained total revenue guidance range of $120,441,000 to $122,997,000 as previous expectation. Net income expected to be in the range of $3,900,000 to $5,215,000 compared to previously expected range of $4,110,000 to $5,425,000. EBITDA expected to be in the range of $28,708,000 to $30,053,000 compared to previously expected range of $29,058,000 to $30,403,000. FFO expected to be in the range of $13,550,000 to $14,865,000 compared to previously expected range of $13,760,000 to $15,075,000. Adjusted FFO expected to be in the range of $14,411,000 to $15,726,000 as previously expected. Net income per share attributable to the company expected to be in the range of $0.30 to $0.40 compared to previously expected range of $0.31 to $0.41. FFO per share and unit expected to be in the range of $1.03 to $1.13 compared to previously expected range of $1.05 to $1.15. Adjusted FFO per share and unit expected to be in the range of $1.1 to $1.2 as previously expected.

 

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