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Sotherly Hotels Inc. (SOHO) Q3 2024 Earnings Conference Call Transcript Summary

Sotherly Hotels Inc. (SOHO) Q3 2024 Earnings Conference Call Transcript Summary

sotherly hotels inc(索特利酒店公司)2024年第三季度業績電話會議通話摘要
富途資訊 ·  03:58  · 電話會議

The following is a summary of the Sotherly Hotels Inc. (SOHO) Q3 2024 Earnings Conference Call Transcript:

以下是sotherly hotels inc 8.25% cum red perp pref stk series d (soho) 2024年第三季度業績會議呼叫記錄總結:

Financial Performance:

財務表現:

  • In Q3 2024, Sotherly Hotels reported total revenue of approximately $40.7 million, a 3.9% increase over the same quarter in 2023.

  • Year-to-date revenue reached approximately $137.9 million, up 4.7% from the previous year.

  • Hotel EBITDA for Q3 was approximately $8.1 million, marking a 6.8% increase from Q3 2023.

  • Adjusted FFO for the quarter showed a deficit of approximately $350,000, a decrease from the previous year, while year-to-date adjusted FFO was approximately $12.3 million, a 5% increase over the same period in 2023.

  • 2024年第三季度,sotherly hotels inc酒店報告的總營業收入約爲4070萬美元,較2023年同期增長3.9%。

  • 截至目前的營業收入達到約13790萬美元,較去年同期增長4.7%。

  • 第三季度酒店的EBITDA約爲810萬美元,比2023年第三季度增加了6.8%。

  • 本季調整後的FFO顯示出約350,000美元的赤字,與去年相比有所下降,而截至目前的調整後的FFO約爲1230萬美元,較2023年同期增長了5%。

Business Progress:

業務進展:

  • Sotherly Hotels continues to show promising growth in occupancy, particularly in urban markets like Philadelphia and Houston, which are nearing stabilization post-recovery.

  • The company has started significant renovation projects including a complete transformation of the DoubleTree by Hilton Jacksonville Riverfront with a projected cost of $14.6 million and completion by January 2027.

  • sotherly hotels inc繼續在佔有率方面表現出色,尤其是在費城和休斯頓等城市場中心,這些地方在復甦後接近穩定。

  • 該公司已經開始重大裝修項目,包括完全改造傑克遜維爾世貿希爾頓逸林酒店,預計耗資1460萬美元,並將於2027年1月完工。

Opportunities:

機會:

  • The repositioning strategy of urban hotels, like the DoubleTree by Hilton Jacksonville Riverfront and the Hotel Alba in Tampa, is expected to enhance competitiveness in dynamic city markets.

  • Strong group demand in coastal drive markets and sustained improvements in business travel present continued revenue opportunities.

  • 城市酒店的重新定位策略,如傑克遜維爾世貿希爾頓逸林酒店和坦帕艾爾巴酒店,預計將增強在充滿活力的城市市場中的競爭力。

  • 沿海驅動市場的強勁團體需求以及商務旅行的持續改善爲持續的營業收入機會提供了機會。

Risks:

風險:

  • Weather-related events, particularly hurricanes, posed significant challenges impacting operations and causing physical damage to properties, notably the Hotel Alba in Tampa.

  • 與天氣相關的事件,尤其是颶風,對運營造成重大挑戰,對物業造成實質性損害,特別是坦帕艾爾巴酒店。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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