Earnings Call Summary | Sotherly Hotels Inc(SOHO.US) Q4 2023 Earnings Conference
Earnings Call Summary | Sotherly Hotels Inc(SOHO.US) Q4 2023 Earnings Conference
The following is a summary of the Sotherly Hotels Inc. (SOHO) Q4 2023 Earnings Call Transcript:
以下是索瑟利酒店公司（SOHO）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Sotherly Hotels reported Q4 revenue of $42.1 million, up 1.9% over the last quarter of the previous year, and a rise of 4.7% in total revenue year-to-date at $173.8 million.
Hotel EBITDA stood at $10.3 million for the quarter and $44.8 million year-to-date, marking a decrease compared to 2022.
Adjusted FFO was approximately $2.8 million for the quarter and $14.5 million year-to-date, experiencing a decrease over the previous year.
The company held total cash of approximately $26.2 million, with outstanding debt of $318.9 million at a weighted average interest rate of 5.42%.
2024 projections expect a revenue increase of 4% and Hotel EBITDA increase of 3.8% over 2023. However, adjusted FFO is forecasted to decrease by 8.7% due to an increase in interest expense.
索瑟利酒店公佈的第四季度收入爲4,210萬美元，比上年最後一個季度增長1.9％，今年迄今爲止的總收入增長了4.7％，達到1.738億美元。
本季度酒店息稅折舊攤銷前利潤爲1,030萬美元，今年迄今爲止爲4,480萬美元，與2022年相比有所下降。
本季度調整後的FFO約爲280萬美元，今年迄今爲止爲1,450萬美元，同比下降。
該公司持有的現金總額約爲2620萬美元，未償債務爲3.189億美元，加權平均利率爲5.42％。
2024年的預測預計，與2023年相比，收入將增長4％，酒店息稅折舊攤銷前利潤增長3.8％。但是，由於利息支出的增加，預計調整後的FFO將下降8.7％。
Business Progress:
業務進展：
Sotherly Hotels saw a 7% RevPar growth over the previous year. However, occupancy is still 630 basis points below 2019 levels.
The Tampa hotel loan was refinanced successfully, providing cash proceeds of over $10 million to the company.
Properties in Savannah, Wilmington, and Tampa performed well due to rising demand, while hotels in urban markets like Philadelphia, Atlanta, and Houston are expected to fuel growth.
Q1 2024's group revenue is pacing 20% ahead of last year; the full year booking pace is 14% ahead of the previous year.
Future growth prospects are being seen due to changing traveler preferences, increasing corporate travel, and the strength of leisure travel.
The company secured a $35 million loan collateralized by Hotel Alba for general corporate purposes.
索瑟利酒店的RevPAR比上年增長了7％。但是，入住率仍比2019年的水平低630個點子。
坦帕酒店貸款成功再融資，爲該公司提供了超過1000萬美元的現金收益。
由於需求增加，薩凡納、威爾明頓和坦帕的房地產表現良好，而費城、亞特蘭大和休斯敦等城市市場的酒店預計將推動增長。
2024年第一季度的集團收入比去年增長20％；全年預訂速度比上年增長14％。
由於旅行者偏好的變化、商務旅行的增加以及休閒旅行的強度，未來的增長前景顯而易見。
該公司獲得了由Alba酒店抵押的3500萬美元貸款，用於一般公司用途。
More details: Sotherly Hotels Inc IR
更多詳情： Sotherly Hotels Inc IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。