SOTHERLY HOTELS INC. SOHOO Balance Sheet

Sotherly hotels inc. (SOHOO)

Balance Sheet / Yearly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Investment in hotel properties, net
443,267	446,839	436,509	441,261	435,725	437,525	434,285	438,649	357,799	357,645	357,466	355,997	348,593	354,137	355,968	-	354,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in hotel properties held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	5,333	-	-	356,277	-	354,933	263,831	261,129	260,192	260,580	261,179	262,204	202,645	174,024	174,718	175,453	176,427	177,393	178,864	180,389	181,469	182,002	182,877	183,898
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,880	1,856	1,982	1,944	2,101	2,083	2,446	8,323	8,446	9,108	8,638	8,732	8,894	9,232	8,966	9,115	9,399	9,464
Cash and cash equivalents
23,738	30,059	32,402	29,004	33,792	37,015	28,435	30,673	29,777	32,651	34,438	21,743	31,766	26,432	26,085	14,985	11,493	15,470	17,274	16,083	16,634	16,916	17,925	13,008	9,376	23,785	6,561	7,234	7,175	8,475	6,965	6,000	4,409	5,399	4,335	2,992
Restricted cash
4,246	5,192	4,936	4,407	4,075	5,025	5,301	4,901	3,651	6,115	4,617	4,644	4,596	5,866	4,484	3,630	5,793	6,340	6,817	4,218	6,621	7,185	6,363	5,439	3,796	5,267	4,257	3,118	3,079	2,751	2,335	2,133	2,690	3,554	3,328	2,205
Accounts receivable, net
4,812	6,298	9,610	10,346	6,766	7,822	10,972	9,424	5,587	5,580	3,287	5,601	4,127	4,552	4,064	3,848	4,071	4,749	4,203	3,716	1,908	2,977	4,221	3,367	1,982	1,958	2,158	2,304	1,478	2,454	3,385	3,305	1,702	2,528	2,663	1,868
Accounts receivable - affiliate
101	86	95	237	262	402	426	307	394	493	563	475	4	190	210	208	226	287	156	242	197	65	87	77	101	10	10	7	8	7	16	9	24	-	18	17
Loan proceeds receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, inventory and other assets
5,648	5,494	5,594	5,688	5,262	6,889	6,693	6,207	7,292	6,228	5,927	5,662	4,648	4,923	5,039	4,704	4,432	4,893	3,792	4,149	3,334	3,535	3,258	3,459	2,444	1,985	2,294	2,389	1,684	2,141	2,164	2,324	1,877	1,923	2,520	2,335
Favorable lease assets, net
-	-	-	-	2,465	2,560	2,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shell Island sublease, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	120	-	240	-	-	-	-	-	-	-	-	-	-	-
Note receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	100	100	100	100	100
Shell Island sublease, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	-	300	360	420	480	540	600	660	720	810	900	1,080
Deferred income taxes
5,412	4,679	3,976	4,846	5,131	4,700	3,929	5,190	5,451	7,729	6,691	6,831	6,949	5,846	5,397	5,877	5,390	4,027	3,134	4,039	3,543	2,223	1,493	1,921	1,186	1,237	1,331	2,387	2,649	2,866	2,958	3,889	4,061	4,055	3,979	4,746
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,343	4,331	5,048	5,405	4,209	4,645	5,066	3,820	3,536	2,152	2,225	2,406	2,573	2,471	3,113	3,275	3,106	3,091	872
TOTAL ASSETS
487,226	498,649	493,124	495,791	493,482	501,942	492,699	495,355	409,953	416,445	412,993	400,957	406,019	401,950	401,250	389,533	388,972	395,044	305,423	300,484	299,820	299,697	301,397	296,808	228,040	220,428	202,290	204,650	204,030	208,037	208,756	211,160	209,299	212,597	213,214	209,583
Liabilities and Equity [Abstract]
LIABILITIES
Mortgage loans, net
358,633	360,549	-	-	364,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans, net
-	-	362,062	363,636	-	366,576	354,529	357,170	297,318	298,429	294,437	279,269	282,708	270,836	279,454	266,473	270,331	269,094	-	-	205,291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	25,537	45,133	52,500	75,197
Mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208,434	204,131	-	203,564	204,751	206,554	160,363	139,784	134,893	136,923	135,674	136,634	137,254	123,758	94,157	75,029	71,790	72,192
Bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	19,000	19,000	0	-	-	-	-	-	-	-	-	-	-	-
Series A Cumulative Redeemable Preferred Stock, par value $0.01, 27,650 shares authorized, 25,277 and 0 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,226	25,000	-
Bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,650	3,650	4,025	4,025	4,150	4,150	5,775	9,275	8,400	4,400	4,493
Unsecured notes, net
-	-	-	24,025	23,894	23,765	23,635	23,530	-	24,560	24,476	24,392	24,308	24,224	50,830	52,900	50,460	52,900	52,900	52,900	52,900	27,600	27,600	27,600	27,600	27,600	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
20,189	24,308	20,700	23,714	16,268	17,324	17,277	16,534	13,813	16,110	13,468	14,445	12,970	15,563	14,605	14,234	12,334	14,591	12,439	13,185	12,044	-	-	-	-	-	-	-	-	-	-	-	-	8,901	7,400	-
Advance deposits
2,785	2,397	2,000	2,351	2,815	-	-	-	1,572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,457	12,395	14,227	14,156	14,085	25,480	25,353	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,244	13,903	9,677	7,650	7,728	7,403	8,488	6,786	8,537	8,146	9,921	7,437	-	-	6,335
Advance deposits
-	-	-	-	-	2,361	1,861	2,570	-	2,317	2,270	3,405	2,315	2,439	2,197	2,321	1,651	2,222	1,628	1,772	1,220	1,519	1,570	1,573	666	889	881	940	625	1,055	899	1,105	453	725	705	555
Dividends and distributions payable
4,210	4,210	3,993	3,414	3,409	3,412	3,302	3,229	3,073	2,520	2,442	2,430	2,376	1,929	1,505	1,421	1,335	1,335	995	921	852	853	655	589	588	521	456	456	389	389	259	259	258	258	-	-
Accounts payable - affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-
Warrant derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,990	7,649	7,738	4,969	7,287	5,627	4,106	2,943	1,368	2,014	-
TOTAL LIABILITIES
385,819	391,466	388,758	417,141	411,216	413,439	400,606	403,035	315,778	343,939	337,095	323,943	324,680	314,992	348,594	337,351	336,113	340,143	276,398	272,910	272,310	266,781	267,480	264,994	196,868	188,164	167,392	170,969	166,698	172,209	170,423	170,407	165,416	165,047	163,911	158,775
Commitments and contingencies (See Note 6)
-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
PARTNERS’ CAPITAL
EQUITY
Sotherly Hotels Inc. stockholders’ equity
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
-	-	-	-	-	-	-	-	-	16	16	16	-	16	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $0.01, 69,000,000 shares authorized, 14,272,378 shares and 14,209,378 shares issued and outstanding at December 31, 2019 and 2018, respectively.
142	142	142	142	142	142	141	141	140	138	138	137	144	149	149	149	144	144	108	106	105	103	103	102	102	102	101	101	99	99	99	99	99	97	97	95
Additional paid-in capital
180,515	180,415	175,557	147,184	147,085	148,140	146,368	146,360	146,249	118,502	118,497	118,495	118,395	121,559	83,796	83,788	82,749	82,766	59,854	58,930	58,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned ESOP shares
4,105	4,175	4,245	4,312	4,379	4,446	4,511	4,572	4,633	4,693	4,753	4,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,158	58,025	57,764	57,534	57,500	57,383	57,303	57,020	57,020	57,020	57,020	56,911	56,195	56,195	55,682
Distributions in excess of retained earnings
-73,990	-68,687	-66,820	-64,406	-61,052	-55,631	-50,811	-50,558	-48,765	-43,293	-40,229	-39,142	-39,545	-37,399	-34,262	-34,675	-33,890	-32,209	-34,938	-35,555	-35,388	-31,128	-30,239	-31,888	-32,210	-31,231	-29,173	-30,128	-27,179	-28,337	-26,422	-24,569	-22,074	-19,320	-18,009	-16,837
Total Sotherly Hotels Inc. stockholders’ equity
102,605	107,738	104,676	78,637	81,824	88,233	91,215	91,399	93,020	70,669	73,669	74,632	79,010	84,326	49,683	49,263	49,003	50,702	25,024	23,481	23,377	27,133	27,889	25,977	25,425	26,371	28,311	27,275	29,941	28,783	30,698	32,551	34,935	36,972	38,283	38,941
Noncontrolling interest
-1,198	-554	-310	12	441	269	877	920	1,154	1,836	2,228	2,381	2,329	2,631	2,972	2,919	3,855	4,198	3,999	4,092	4,132	5,783	6,027	5,836	5,746	5,892	6,586	6,405	7,390	7,043	7,634	8,201	8,947	10,577	11,019	11,867
TOTAL EQUITY
101,407	107,183	104,366	78,649	82,266	88,502	92,093	92,319	94,175	72,506	75,897	77,013	81,339	86,957	52,656	52,182	52,858	54,900	29,024	27,573	27,509	32,916	33,916	31,814	31,171	32,263	34,897	33,681	37,332	35,827	38,333	40,753	43,883	47,549	49,303	50,808
TOTAL LIABILITIES AND EQUITY
487,226	498,649	493,124	495,791	493,482	501,942	492,699	495,355	409,953	416,445	412,993	400,957	406,019	401,950	401,250	389,533	388,972	395,044	305,423	300,484	299,820	299,697	301,397	296,808	228,040	220,428	202,290	204,650	204,030	208,037	208,756	211,160	209,299	212,597	213,214	209,583
Sotherly Hotels LP [Member]
Investment in hotel properties, net
443,267	446,839	436,509	441,261	435,725	-	-	-	357,799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
23,738	30,059	32,402	29,004	33,792	-	-	-	29,777	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
4,246	5,192	4,936	4,407	4,075	-	-	-	3,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net
4,812	6,298	9,610	10,346	6,766	-	-	-	5,587	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable - affiliate
101	86	95	237	262	-	-	-	394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan receivable - affiliate
4,209	4,270	4,331	4,390	4,446	-	-	-	4,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, inventory and other assets
5,648	5,494	5,594	5,688	5,262	-	-	-	7,292	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Favorable lease assets, net
-	-	-	-	2,465	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
5,412	4,679	3,976	4,846	5,131	-	-	-	5,451	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL ASSETS
491,436	502,920	497,456	500,181	497,929	-	-	-	414,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans, net
358,633	360,549	-	-	364,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans, net
-	-	362,062	363,636	-	-	-	-	297,318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured notes, net
-	-	-	24,025	23,894	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
20,189	24,308	20,700	23,714	16,268	-	-	-	13,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance deposits
2,785	2,397	2,000	2,351	2,815	-	-	-	1,572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends and distributions payable
4,268	4,268	4,052	3,470	3,466	-	-	-	3,119	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES
385,878	391,524	388,816	417,198	411,273	-	-	-	315,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General Partner: 160,006 units and 159,876 units issued and outstanding as of December 31, 2019 and 2018, respectively.
315	375	394	417	452	-	-	-	586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited Partners: 15,840,512 units and 15,827,642 units issued and outstanding as of December 31, 2019 and 2018, respectively.
2,636	8,521	10,606	13,305	16,943	-	-	-	29,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL PARTNERS' CAPITAL
105,558	111,395	108,639	82,983	86,656	-	-	-	98,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND EQUITY
491,436	502,920	497,456	500,181	497,929	-	-	-	414,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
16	16	16	16	16	-	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
15	15	13	13	13	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
15	15	13	13	13	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
12	12	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, $0.01 par value, 11,000,000 shares authorized:
12	12	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-