Company Quick10K Filing
Sotherly Hotels
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 14 $106
10-K 2020-03-16 Annual: 2019-12-31
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 2020-03-20 Regulation FD, Exhibits
8-K 2020-03-17 Regulation FD, Exhibits
8-K 2020-02-27 Earnings, Exhibits
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) 292,336 0% 24.5 -4% 4,770,279 3,959,342 795,539 0 -196,353 161,702 3,955,734
Clipper Realty (CLPR) 194,536 22% 30.6 -0% 1,138,318 989,934 113,419 25,474 -3,039 36,205 1,107,386
Owens Realty Mortgage (ORM) 167,228 0% 16.5 3% 209,070 17,711 16,797 0 6,890 9,879 162,714
Plymouth Industrial REIT (PLYM) 244,933 0% 7.1 -1% 601,846 359,249 52,807 0 -8,089 29,279 208,132
Ellington Residential Mortgage REIT (EARN) 135,742 3.9 0% 1,674,402 1,519,831 0 0 2,476 21,709 85,554
Condor Hospitality Trust (CDOR) 132,271 28% 21.4 -2% 244,036 143,852 61,828 17,480 -4,191 11,967 255,978
Sotherly Hotels (SOHO) 95,290 20% 13.1 0% 502,921 391,525 184,949 37,658 369 32,041 420,587
Sachem Capital (SACH) 104,478 0% 17.3 5% 109,279 25,023 9,791 0 5,254 5,459 94,261
Hunt Companies Finance Trust (HCFT) 78,643 -1.0 1% 657,351 548,130 0 0 5,377 12,343 -12,695
Impac Mortgage Holdings (IMH) 159,655 0% 1.3 -0% 3,976,012 3,871,717 60,256 0 -7,300 113,615 147,476
Manhattan Bridge Capital (LOAN) 61,050 0% 17.7 5% 61,178 28,059 5,484 0 3,355 3,428 60,586
Income Opportunity Realty Investors (IOR) 47,934 9.6 4% 99,208 24 0 0 3,900 5,002 47,933
Reven Housing REIT (RVEN) 44,155 75.0 -3% 92,999 64,073 0 0 -2,879 1,212 90,846
Tremont Mortgage Trust (TRMT) 39,387 43.4 2% 217,783 131,104 0 0 3,713 3,713 161,286
Global Self Storage (SELF) 36,172 0% 22.6 1% 58,121 21,714 6,442 0 574 2,403 54,270
Medalist Diversified REIT (MDRR) 19,923 93% 115.8 -2% 79,303 56,802 3,621 3,369 -1,665 608 70,383
Power REIT (PW) 18,572 0% 24.6 3% 22,330 9,506 1,554 0 684 1,107 27,193
InnSuites Hospitality (IHT) 15,013 0% -39.3 -5% 17,671 10,399 5,130 0 -886 -513 20,157
Wheeler REIT (WHLR) 15,509 0% 14.7 -2% 489,201 375,293 47,092 0 -7,355 23,231 342,067
HMG Courtland Properties (HMG) 13,345 9% -7.0 1% 33,090 11,462 56 5 346 416 -2,892

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