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Stock Market & Financial Investment News

News Breaks
July 9, 2014
17:30 EDTSOHOSotherly Hotels announces $23.4M 'at-the-market' equity offering
Sotherly Hotels announced that it has entered into a Sales Agency Agreement with its operating partnership, Sotherly Hotels LP, and Sandler O’Neill & Partners as the sales agent, under which it may, from time to time, sell up to $23.4M of its common stock pursuant to an "at-the-market" equity offering program. The common stock may be offered and sold through Sandler O’Neill at market prices or as otherwise agreed to with Sandler O’Neill. The company has no obligation to sell any of the common stock under the Sales Agency Agreement, and may at any time suspend solicitation and offers.
News For SOHO From The Last 14 Days
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February 24, 2015
09:09 EDTSOHOSotherly Hotels sees FY15 adjusted FFO $1.20-$1.28, consensus $1.32
Sees FY15 revenue $132.2M-$135.5M , consensus $133.87M.
09:08 EDTSOHOSotherly Hotels reports Q4 adjusted FFO 15c, consensus 22c
Reports Q4 revenue $29.8M, consensus $29.49M. Room revenue per available room, or RevPAR, for the company's wholly-owned properties during Q4 increased 7.5% over the fourth quarter 2013 to $78.60 driven by a 2.8% increase in occupancy and a 4.6% increase in average daily rate.

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