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Results(3) #SOHO

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Sotherly Hotels Inc. Press Release: Sotherly Hotels Inc. Provides Additional Strategic Updates On Operations Related to COVID-19 Impact - News released on 1 May 2020 17:06:26 -0400 - REITNewsHeadlines - 2020-05-02 20:53:19 PDT - See full comment

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Since Q4 2019, #SOHO had dividend payout above 100% so it was already very risky dividends, now with the results from Q1 it will probably be at risk of cutting it. - RoTtom - 2020-05-03 12:27:38 PDT

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Really unfortunate what #SOHO and other hotel companies and REITs are going through! Sotherly called out in this update that they are "the downsizing of staffing levels and benefits, including the layoff of over 90% of hotel staff with reductions in salary for staff not subject to layoff; and the deferral of all non-vital capital expenditures." Can you imagine how hard this is on everyone involved! Just terrible! I wish a fast recovery to the entire #SOHO corporate family and to others in the hotel, tourism, and restaurant industries. - Kyuie - 2020-05-02 20:53:19 PDT

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SoTHERLY Hotels Inc. Press Release: Sotherly Hotels Inc. Enters Into Master Agreement - News released on 9 Sep 2019 09:27:15 -0400 - REITNewsHeadlines - 2019-09-09 12:02:04 PDT - See full comment

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How is this master agreement suppose to impact #SOHO going forward? Will it impact dividends distribution? What is the benefit to investors? It was very unclear from the press release. - RoTtom - 2019-09-09 12:02:04 PDT

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Is Sotherly Hotels Inc. (#SOHO) undervalued? - BlueBlue - 2019-06-06 08:57:26 PDT - See full comment

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Sotherly Hotels #SOHO is growing but at thecost of high leverage which is in line with a small reit pushing growth. - Billy123 - 2019-06-30 19:25:51 PDT

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#Soho has a low fair valuation as the company is carrying a debt level with a coverage ratio of 1.98, and yoy the coverage ratio has deteriorated 10%. The price to FFO adjusted valuation of 6.6, is reflective of this risk compounded by Sotherly Hotels being a microcapital REIT with 12 properties. - Oppa Norm - 2019-06-28 18:20:16 PDT

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Interesting how #SOHO stock increases than has sudden strong swings, like dropping 3.4% yesterday. It may be because is a microcap stock. Likewise at times it has strong similar price increases. - Rocco64 - 2019-06-14 10:53:46 PDT

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A couple of my thoughts on #Soho. It is a micro-cap size reit focused on one type of asset, hotels. This concerns me as hotels are a cyclical industry, and the tourism industry goes through ups and downs, and Soho being small ($493 Million in Assets in 2018) it concerns me their ability to withstand these cycles. Also, the REIT has 12 hotels spread across eight states for [Florida, Georgia, Indiana, Maryland, Virginia, North Carolina, Pennsylvania, and Texas] that concerns me there aren’t sufficient economies of scale spread out this much. In their 5/7/2019 First Quarter report, they adjusted down their 2019 Guidance for FFO per common shares and units from Low Range $0.98 and High Range $1.02; to the revised 2019 Guidance of Low Range $0.91 and High Range $0.95. The call out in the report that "We are revising guidance solely to account for the recent issuance of the Series D Preferred Stock and the anticipated redemption of the 7.25% Notes. The guidance is predicated on estimates of occupancy and ADR that are consistent with the most recent 2019 calendar year forecasts by STR for the market segments in which the Company operates." They did, however, maintain their Adjusted FFO per common share and unit 2019 Guidance the same at Low Range $1.02 and High Range $1.08. - Gekko5 - 2019-06-06 21:39:01 PDT

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#SOHO average occupancy rate across its 12 hotels has been 69.9% in Q1’19, 66.9% in Q4’18, 71.6% in Q3’18, it seems to be dragged down by some its hotel, mainly the DoubleTree by Hilton Laurel in Laurel, Maryland, the Hotel Ballast Wilmington, Tapestry Collection by Hilton in Wilmington, North Carolina, the Sheraton Louisville Riverside in Jeffersonville, Indiana, and the The DeSoto in Savannah, Georgia. This overall occupancy seems pretty soft, and for these hotels, it’s below the national average, although I’m not sure how they compare to hotels in those specific regions. Either way, although I like Sotherly Hotels as a company, and I think they have some beautiful and unique hotels, the current numbers are not attractive enough for me as an investor. - Wallbird - 2019-06-06 23:53:38 PDT

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Hi @Gekko5, what you call out are risks that #SOHO management called out in their report’s Risk Factors section: "Risks Related to Our Business and Properties
If the economy falls into a recessionary period or fails to maintain positive growth, our operating performance and financial results may be harmed by declines in occupancy, average daily room rates and/or other operating revenues.... We own a limited number of hotels and significant adverse changes at one hotel could have a material adverse effect on our financial performance and may limit our ability to make distributions to stockholders." - AI_AI - 2019-06-06 22:09:41 PDT

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I think they are still pretty small compared to other reits. They have about 12-13 high-quality hotel properties across multiple states. - Gekko5 - 2019-06-06 19:14:34 PDT

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