Company Quick10K Filing
Sotherly Hotels
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 14 $106
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-16 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-23 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30
10-Q 2016-05-11 Quarter: 2016-03-31
10-K 2016-03-25 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-12 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-04-14 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-25 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-20 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-02 Quarter: 2012-03-31
10-K 2012-03-20 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-10 Quarter: 2011-06-30
10-Q 2011-05-04 Quarter: 2011-03-31
10-K 2011-03-29 Annual: 2010-12-31
10-Q 2010-11-10 Quarter: 2010-09-30
10-Q 2010-08-10 Quarter: 2010-06-30
10-Q 2010-05-14 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
8-K 2020-02-14 Enter Agreement
8-K 2020-01-01 Officers, Exhibits
8-K 2019-12-13 Enter Agreement, Exhibits
8-K 2019-11-21 Regulation FD, Other Events, Exhibits
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-09-26 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2019-09-06 Enter Agreement, Regulation FD, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-05-20 Other Events
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-05-01 Other Events, Exhibits
8-K 2019-04-30 Shareholder Vote
8-K 2019-04-26 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-04-18 Other Events
8-K 2019-04-16 Enter Agreement, Sale of Shares, Shareholder Rights, Amend Bylaw, Regulation FD, Other Events, Exhibits
8-K 2019-04-11 Enter Agreement, Amend Bylaw, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-02-26 Regulation FD
8-K 2018-12-12 Other Events
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-09-18 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-08-31 Enter Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-31 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-07-27 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-05-01 Shareholder Vote
8-K 2018-03-28 Other Events, Exhibits
8-K 2018-03-01 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-26 Enter Agreement, Off-BS Arrangement
8-K 2018-02-08 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-02-05 Earnings
8-K 2018-01-01 Officers, Exhibits

Sotherly Hotels Financials

SOHO Metrics, Comps, Filings

Annual | Quarterly

Business

Sotherly Hotels Inc. (the "Company") is a self-managed and self-administered lodging real estate investment trust, or REIT, that was formed in August 2004 to own, acquire, renovate and reposition full-service, primarily upscale and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. On December 21, 2004, the Company successfully completed its initial public offering and elected to be treated as a self-advised REIT for federal income tax purposes. The Company conducts its business through Sotherly Hotels LP, its operating partnership (the "Operating Partnership"), of which the Company is the general partner. The Company owns approximately 88.9% of the partnership units in the Operating Partnership. Limited partners (including certain of the Company's officers and directors) own the remaining Operating Partnership units.

As of December 31, 2018, our portfolio consisted of twelve full-service, primarily upscale and upper-upscale hotels located in eight states with an aggregate total of 3,156 rooms and the hotel commercial condominium unit of the Hyde Resort & Residences condominium hotel, with approximately 157,000 square feet of total meeting space. All of our hotels are wholly-owned by subsidiaries of the Operating Partnership, and all are managed on a day to day basis by either MHI Hotels Services, LLC, which does business as Chesapeake Hospitality ("Chesapeake Hospitality"), or Highgate Hotels, L.P. ("Highgate Hotels").

In order for the Company to qualify as a REIT, it cannot directly manage or operate our wholly-owned hotels. Therefore, we lease our wholly-owned hotel properties to entities that we refer to as our TRS Lessees, which in turn have engaged Chesapeake Hospitality and Highgate Hotels, each of which is an eligible independent management company, to manage our hotels. Our TRS Lessees are wholly-owned subsidiaries of MHI Hospitality TRS Holding, Inc. ("MHI Holding", and collectively, "MHI TRS"). MHI TRS is a taxable REIT subsidiary for federal income tax purposes.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
CBL & Associates Properties (CBL) 198,229 0% 10.8 -2% 5,048,503 4,126,937 815,166 0 -118,827 376,357 4,048,482
Clipper Realty (CLPR) 195,071 31% 22.3 -0% 1,141,382 988,866 111,927 34,576 -1,606 49,221 1,096,464
Owens Realty Mortgage (ORM) 167,228 0% 15.7 3% 209,070 17,711 16,797 0 6,890 10,344 162,714
Plymouth Industrial REIT (PLYM) 166,691 0% 4.0 -2% 492,708 320,960 63,983 0 -12,069 36,041 142,497
Ellington Residential Mortgage REIT (EARN) 133,901 2.6 -0% 1,697,042 1,542,437 0 0 -307 35,676 92,428
Condor Hospitality Trust (CDOR) 113,869 37% 12.4 0% 247,478 145,287 62,624 23,238 465 19,356 240,942
Sotherly Hotels (SOHO) 105,957 26% 10.8 -1% 497,456 388,817 183,815 48,176 -2,836 40,058 430,681
Sachem Capital (SACH) 89,423 0% 12.4 7% 95,930 26,514 12,367 0 6,799 7,032 87,120
Hunt Companies Finance Trust (HCFT) 82,196 2.2 1% 657,354 548,488 0 0 7,572 14,805 32,154
Impac Mortgage Holdings (IMH) 66,957 0% 0.5 -2% 3,499,970 3,397,681 55,061 0 -60,624 110,889 59,012
Manhattan Bridge Capital (LOAN) 60,482 0% 13.2 8% 56,986 23,861 5,459 0 4,480 4,577 60,355
Income Opportunity Realty Investors (IOR) 52,144 4.5 9% 98,185 31 0 0 8,858 11,588 52,137
Reven Housing REIT (RVEN) 44,155 35.7 -3% 92,999 64,073 0 0 -3,206 2,547 90,846
Tremont Mortgage Trust (TRMT) 33,264 130.0 1% 271,604 185,228 0 0 1,594 1,594 207,153
Global Self Storage (SELF) 29,217 0% 16.5 1% 57,976 21,346 6,378 0 490 2,869 47,477
Medalist Diversified REIT (MDRR) 20,591 93% 3,118.4 -2% 58,973 34,892 1,713 1,599 -1,059 14 43,490
Power REIT (PW) 18,636 0% 20.0 4% 22,246 9,673 1,484 0 827 1,298 25,939
InnSuites Hospitality (IHT) 15,314 0% 1.6 61% 18,436 10,838 6,500 0 11,215 12,670 20,753
Wheeler REIT (WHLR) 14,540 0% 14.6 -4% 498,790 383,922 63,816 0 -19,534 24,024 351,702
HMG Courtland Properties (HMG) 13,345 -473% 3.7 -3% 32,706 11,425 74 -350 -986 -1,361 -5,055

Balance Sheet ($'000)2011-12-312012-12-312013-12-312015-12-312016-12-312017-12-312018-12-31
Cash2,6903,0809,3775,7944,5963,6514,076
Accounts Receivable1,7031,4791,9824,0714,1285,5876,767
Inventory
PP&E181,469176,428202,646354,9635,333
Assets209,299204,031228,040393,058406,020414,604493,483
Accounts Payable
Long-Term Debt271,978282,708297,319364,829
Liabilities165,416166,699196,869340,200324,680315,778411,216
Stockholders' Equity34,93629,94231,17152,85879,01093,02081,825
Income Statement ($'000)2011-12-312012-12-312013-12-312015-12-312016-12-312017-12-312018-12-31
Revenue81,17387,34389,375138,533152,846154,267178,173
Cost of Revenue130,489
Gross Profit47,684
R&D
SG&A4,0264,0794,3617,2686,0216,3366,181
Tax9051,3011445711931,738469
Net Income-6,475-5,328-4,4356,39890029-608
Cash Flow ($'000)2011-12-312012-12-312013-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating7,5509,0129,59511,37717,13915,75826,246
Cash Investing-6,130-3,156-29,528-41,133-12,941-22,947-100,899
Cash Financing-3-3,09022,13424,61516,07455079,175