WILLIAMSBURG, Va. (AP) — WILLIAMSBURG, Va. (AP) — Sotherly Hotels Inc. (SOHO) on Thursday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $1.6 million, or 8 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 loss of $3 million, or 16 cents per share.
The real estate investment trust, based in Williamsburg, Virginia, posted revenue of $44 million in the period.
For the year, the company reported funds from operations of $12 million. Revenue was reported as $181.9 million.
Sotherly Hotels expects full-year funds from operations in the range of 57 cents to 61 cents per share, with revenue in the range of $183.4 million to $188.2 million.
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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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