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Sotherly Hotels (SOHO) Beats Q1 FFO and Revenue Estimates

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of 0.19pershare,beatingtheZacksConsensusEstimateof0.19 per share, beating the Zacks Consensus Estimate of 0.16 per share. This compares to FFO of 0.20pershareayearago.Thesefiguresareadjustedfornonrecurringitems.ThisquarterlyreportrepresentsanFFOsurpriseof18.750.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 18.75%. A quarter ago, it was expected that this real estate investment trust would post FFO of 0.03 per share when it actually produced FFO of $0.08, delivering a surprise of 166.67%. Over the last four ...