Brief: Sotherly Hotels Reports Qtrly Adjusted FFO Loss Per Share $0.55
09/11/2020 12:36
Nov 9 (Reuters) - Sotherly Hotels Inc SOHO.O :
* REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2020
* Q3 REVENUE FELL 66.1 PERCENT
* QTRLY REVENUE $14.4 MILLION VERSUS $42.6 MILLION
* QTRLY LOSS PER SHARE $0.86; QTRLY FFO LOSS PER SHARE $0.53; QTRLY ADJUSTED
FFO
LOSS PER SHARE $0.55
* UNABLE TO PROVIDE GUIDANCE FOR 2020
* ESTIMATES AVERAGE MONTHLY CASH USE ACROSS ITS PORTFOLIO FOR Q4 TO BE ABOUT
$2.0
MILLION (EXCLUDING CAPITAL INVESTMENTS)
* QTRLY ROOM REVPAR FOR CO'S COMPOSITE PORTFOLIO DECREASED 63.3% TO $36.68
Source text for Eikon: ID:nGNXbyRPyX
Further company coverage: SOHO.O
((Reuters.Briefs@thomsonreuters.com;))
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