WILLIAMSBURG, Va. (AP) — WILLIAMSBURG, Va. (AP) — Sotherly Hotels Inc. (SOHO) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $4.3 million, or 21 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 $416,000, or 2 cents per share.
The real estate investment trust, based in Williamsburg, Virginia, posted revenue of $48.8 million in the period.
Sotherly Hotels expects full-year funds from operations to be 29 cents to 32 cents per share.
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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
