Sotherly Hotels Inc. (SOHO) Financial Statements (2024 and earlier)

Company Profile

Business Address 306 SOUTH HENRY STREET
WILLIAMSBURG, VA 23185
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,91913,16725,29823,73833,79329,778
Cash and cash equivalents21,91913,16725,29823,73833,79329,778
Total current assets:21,91913,16725,29823,73833,79329,778
Noncurrent Assets
Other undisclosed assets384,650422,884447,736463,489459,690380,175
TOTAL ASSETS:406,569436,051473,034487,227493,483409,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities355,048419,548428,833385,820411,216315,778
Total liabilities:355,048419,548428,833385,820411,216315,778
Equity
Equity, attributable to parent, including:52,25421,26249,550102,60681,82593,020
Common stock190174150143142141
Additional paid in capital175,611177,652180,190180,516147,085146,249
Accumulated deficit(120,985)(153,522)(127,197)(73,991)(61,052)(48,766)
Unearned esop shares(2,601)(3,083)(3,636)(4,106)(4,380)(4,633)
Other undisclosed equity, attributable to parent404144443029
Equity, attributable to noncontrolling interest(734)(4,759)(5,349)(1,199)4421,155
Total equity:51,52116,50344,201101,40782,26694,175
TOTAL LIABILITIES AND EQUITY:406,569436,051473,034487,227493,483409,953

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues166,077127,58871,503185,788178,173154,267
Revenue, net154,267
Gain on disposition of assets for financial service operations 30,054    
Cost of revenue
(Cost of Goods and Services Sold)
(119,615)(96,693)(74,727)(138,850)(130,489)(113,277)
Gross profit:46,46330,895(3,224)46,93847,68440,989
Operating expenses(25,908)(38,950)(26,525)(28,591)(158,067)(138,103)
Other undisclosed operating income     130,489113,277
Operating income (loss):20,555(8,055)(29,750)18,34720,10616,164
Nonoperating income
(Investment Income, Nonoperating)
189147210444353295
Interest and debt expense(25,718)(22,687)(18,057)(20,921)(20,707)(16,906)
Income (loss) from continuing operations before equity method investments, income taxes:(4,974)(30,595)(47,596)(2,130)(248)(447)
Other undisclosed income (loss) from continuing operations before income taxes39,4562,082(806)3,0561092,214
Income (loss) from continuing operations before income taxes:34,482(28,512)(48,402)926(139)1,767
Income tax expense (benefit)(522)(27)(5,280)249(469)(1,738)
Income (loss) from continuing operations:33,960(28,540)(53,683)1,176(608)29
Income (loss) before gain (loss) on sale of properties:(28,540)(53,683)1,176(608)29
Net income (loss):33,960(28,540)(53,683)1,176(608)29
Net income (loss) attributable to noncontrolling interest(1,423)2,3184,489734718413
Net income (loss) attributable to parent:32,537(26,221)(49,194)1,909110443
Preferred stock dividends and other adjustments(7,634)(7,542)(8,756)(7,821)(5,830)(3,782)
Other undisclosed net income available to common stockholders, basic65361    
Net income (loss) available to common stockholders, diluted:24,967(33,402)(57,949)(5,911)(5,720)(3,339)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):33,960(28,540)(53,683)1,176(608)29
Comprehensive income (loss):33,960(28,540)(53,683)1,176(608)29
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,423)2,3184,489734718413
Comprehensive income (loss), net of tax, attributable to parent:32,537(26,221)(49,194)1,909110443

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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