Brief: Sotherly Hotels Reports Quarterly Negative Adjusted FFO Per Share And Unit $0.23

Sotherly Hotels

24/06/2020 11:36

June 24 (Reuters) - Sotherly Hotels Inc  SOHO.O :
    * . REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED
MARCH
31, 2020
    * Q1 REVENUE FELL 21.5 PERCENT
    * SOTHERLY HOTELS - UNABLE TO PROVIDE GUIDANCE FOR 2020
    * AS APPROVED BY ITS BOARD OF DIRECTORS, COMPANY HAS
SUSPENDED ITS
REGULAR QUARTERLY CASH DIVIDEND IN ORDER TO PRESERVE LIQUIDITY.
    * QUARTERLY NEGATIVE ADJUSTED FFO PER SHARE AND UNIT $0.23
    * QUARTERLY NEGATIVE FFO PER SHARE AND UNIT $0.68
    * QUARTERLY TOTAL REVENUE $37.2 MILLION VERSUS $47.4 MILLION
    * SAYS SEEKING TO REBOOK GROUP BUSINESS FOR SECOND HALF OF
2020

Source text for Eikon:  ID:nGNXqZF2h 
Further company coverage:  SOHO.O 

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