Sotherly Hotels Reiterates FY2024 Outlook: Adj. FFO $0.64-0.69 vs $0.66 Est; Revenue $178.952M-182.567M vs $182.50M Est
Author: Benzinga Newsdesk | May 09, 2024 06:38am
2024 Outlook
Set forth below is the Company's previously issued guidance for 2024. The table below reflects the Company's projections, within a range, of various financial measures for 2024, in thousands of dollars, except per share and RevPAR data:
| 2024 Guidance |
|
| Low Range |
|
High Range |
|
| Total revenue |
$ |
178,952 |
$ |
182,567 |
| Net income |
1,598 |
2,593 |
| Net loss available to common stockholders and unitholders |
(6,377 |
) |
(5,382 |
) |
| EBITDA |
39,858 |
40,853 |
| Hotel EBITDA |
46,103 |
46,898 |
| FFO available to common stockholders and unitholders |
12,373 |
13,368 |
| Adjusted FFO available to common stockholders and unitholders |
12,778 |
13,773 |
| Net loss per share available to common stockholders |
$ |
(0.32 |
) |
$ |
(0.27 |
) |
| FFO per common share and unit |
$ |
0.62 |
$ |
0.67 |
| Adjusted FFO per common share and unit |
$ |
0.64 |
$ |
0.69 |
| Rev PAR |
$ |
117.16 |
$ |
119.52 |
| Hotel EBITDA margin |
25.8 |
% |
25.7 |
% |
Posted In: SOHO
