SOTHERLY HOTELS INC. SOHOO Income Statement

Sotherly hotels inc. (SOHOO)

Income statement / TTM

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	Mar'11	Sep'10	Jun'10
REVENUE
Total revenue
185,788	184,949	183,815	183,827	178,173	171,476	170,701	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel operating expenses
Total hotel operating expenses
138,850	137,044	135,639	134,850	130,489	126,050	122,931	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rooms department
-	-	-	-	-	-	-	-	-	-	-	108,243	-	108,914	106,381	102,823	96,837	91,328	89,437	88,502	84,618	80,254	73,304	66,040	62,837	61,235	61,525	61,130	60,824	60,245	58,818	57,226	56,187	56,959	57,758	0	0	0
Food and beverage department
-	-	-	-	-	-	-	-	-	-	-	35,458	-	35,625	34,769	33,796	33,273	32,418	32,505	32,920	31,444	29,021	26,499	23,454	22,054	21,661	21,611	21,818	21,961	21,739	21,323	20,909	20,482	19,648	20,422	0	0	0
Other operating departments
-	-	-	-	-	-	-	-	-	-	-	10,028	-	9,121	9,176	8,748	8,422	7,860	7,487	7,482	6,876	6,313	5,479	4,700	4,482	4,436	4,508	4,559	4,557	4,416	4,502	4,526	4,502	4,610	4,531	0	0	0
Total revenue
-	-	-	-	-	-	-	-	-	-	-	153,730	-	153,661	150,327	145,367	138,533	131,607	129,430	128,905	122,939	115,589	105,284	94,195	89,374	87,333	87,646	87,507	87,343	86,400	84,644	82,662	81,172	81,218	82,712	0	0	0
Rooms department
-	-	-	-	-	-	-	-	-	-	-	27,901	-	27,588	27,119	26,263	25,025	24,706	24,224	24,004	22,913	21,540	19,665	17,950	17,212	16,687	16,770	16,677	16,613	16,597	16,292	16,099	15,841	16,020	15,872	0	0	0
Food and beverage department
-	-	-	-	-	-	-	-	-	-	-	24,145	-	24,588	24,330	23,540	23,005	22,269	22,125	22,361	21,026	19,199	17,140	14,894	14,048	13,745	13,843	14,111	14,284	14,327	14,136	13,888	13,617	13,330	13,573	0	0	0
Other operating departments
-	-	-	-	-	-	-	-	-	-	-	2,444	-	2,473	2,323	2,041	1,786	1,520	1,356	1,328	1,192	1,026	819	603	508	462	465	463	480	483	516	540	537	616	630	0	0	0
Indirect
-	-	-	-	-	-	-	-	-	-	-	57,806	-	58,618	57,260	54,735	52,067	48,254	47,199	47,056	45,072	42,302	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Indirect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,848	32,798	32,919	32,969	32,637	32,154	31,784	31,712	31,223	0	0	0
Total hotel operating expenses
-	-	-	-	-	-	-	-	-	-	-	112,299	-	113,268	111,033	106,580	101,885	96,752	94,905	94,751	90,204	84,377	76,485	68,875	65,528	63,697	63,928	64,050	64,297	64,377	63,582	62,683	61,781	61,680	61,298	0	0	0
Depreciation and amortization
21,637	21,218	20,785	21,279	20,884	20,074	19,954	18,572	16,999	16,466	15,829	15,411	15,019	15,268	14,852	14,355	13,591	12,656	12,755	12,439	11,969	11,241	9,806	8,848	8,467	8,258	8,370	8,534	8,661	8,767	8,805	8,759	8,702	8,584	8,523	0	0	0
Unrealized gain on hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	56	319	0	0	0
Loss on disposal of assets
-123	-547	-535	-504	-511	-47	0	0	-	-	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate general and administrative
6,830	6,622	6,370	6,319	6,180	6,019	5,838	6,170	6,335	6,571	6,604	6,125	6,021	6,221	7,290	7,424	7,268	6,726	5,328	5,229	5,085	5,014	4,842	4,574	4,360	4,089	4,201	4,041	4,078	3,944	4,314	4,200	4,025	3,880	3,435	0	0	0
Total operating expenses
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	163,330	162,952	-	-	149,200	142,154	-	135,929	134,926	134,201	134,238	135,198	133,635	128,818	123,203	119,517	116,164	115,595	110,434	101,244	91,745	82,909	78,967	76,045	76,500	76,625	77,038	77,089	76,702	75,642	74,510	74,145	73,257	0	0	0
NET OPERATING INCOME
18,346	19,515	20,484	20,875	20,106	19,910	19,018	15,152	16,163	16,112	17,621	19,528	18,607	18,462	16,692	16,549	15,330	12,090	13,266	13,309	12,505	14,345	13,538	11,285	10,407	11,287	11,146	10,881	10,304	9,311	7,942	7,019	6,661	7,072	9,455	0	0	0
Other income (expense)
Interest expense
19,768	20,498	21,082	21,081	19,953	18,471	17,304	16,090	15,727	15,690	16,177	16,916	17,735	18,527	18,146	17,373	16,515	15,694	15,442	15,527	14,636	11,497	11,402	9,809	9,606	11,279	9,822	11,774	12,382	12,783	13,088	11,525	10,821	10,661	10,379	0	0	0
Interest income
444	473	459	370	352	349	313	260	218	158	149	146	115	73	44	49	50	46	38	28	19	20	17	15	17	15	15	15	16	14	15	16	14	16	17	0	0	0
Equity income in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475	565	401	394	307	263	297	367	449	591	551	376	172	116	-4	-83	-60	-345	-143	0	0	0
Loss on early extinguishment of debt
-	-	0	-	-	0	-	-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on hedging activities
-1,177	-2,505	-2,155	-1,312	-808	144	17	0	-28	-1	1	-2	-37	-173	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	76	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on exercise of development right
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on change in control
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on involuntary conversion of assets
293	311	180	208	917	2,099	2,099	2,071	2,242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on involuntary conversion of asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on warrant derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on warrant derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-128	-81	0	0	0	-
Net income (loss) before income taxes
926	84	-4,019	-1,693	-138	2,327	3,170	191	1,767	1,350	1,302	2,480	-467	-1,385	4,672	4,896	5,061	2,065	-3,059	-2,458	-2,466	1,907	885	382	-2,977	-4,370	0	0	-	0	-	-	-	-	-	-	-	-
Unrealized gain (loss) on warrant derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-
Net income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-3,677	-1,183	0	0	0
Income tax benefit (provision)
-249	26	-26	481	469	3,201	2,998	1,871	1,737	-1,641	-1,075	-759	-1,367	-1,647	-1,776	-1,333	-1,336	-830	-1,039	-1,431	-1,727	-866	-50	497	1,496	1,679	1,613	1,459	1,301	1,231	1,131	961	905	768	1,395	0	0	0
Net income (loss)
1,175	57	-3,993	-2,174	-608	-874	171	-1,680	29	2,991	2,378	3,240	900	262	6,448	6,229	6,397	2,896	-2,020	-1,026	-738	2,773	935	-115	-4,473	-1,878	-1,855	-5,703	-5,327	-10,622	-10,021	-8,119	-6,475	-4,445	-2,578	0	0	0
Less: Net loss attributable to noncontrolling interest
-733	-784	-1,156	-895	-718	-731	-536	-672	-413	-59	-41	140	-26	-83	853	965	1,040	336	-492	-234	-153	588	185	-9	-989	-402	-414	-1,297	-1,223	-2,503	-2,401	-1,969	-1,630	-1,152	-658	0	0	0
Net income attributable to the Company
1,909	841	-2,836	-1,279	109	1,662	4,340	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income attributable to the Company
-	-	-	-	-	-	-	-	-	-	-	3,099	-	345	5,594	5,264	5,356	2,559	-1,527	-792	-584	2,184	750	-106	-3,483	-1,475	-1,440	-4,405	-4,104	-8,118	-7,620	-6,149	-4,844	0	0	0	-	-
Distributions to preferred stockholders
7,820	7,102	6,383	5,855	5,829	5,726	5,061	4,421	3,781	2,754	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss available to common stockholders
-5,911	-6,260	-9,219	-7,135	-5,719	-5,868	-4,353	-5,428	-3,339	-168	-334	1,149	-218	4,400	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,776	-	-	-	-	-	-	-	-
Net loss per share available to common stockholders/general and limited partner unit
Basic
-0.25	-0.01	-0.05	-0.12	-0.27	-0.23	0.10	-0.02	-	-0.11	0.02	-	-	-0.11	0.12	-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-0.16	-0.17	-0.23	-	-0.12	-0.02	-0.10	-0.11	0.03
Diluted
-	-	-0.05	-	-	-	0.10	-	-	-0.11	0.02	-	-	-0.11	0.12	-	-	-	-	-	-	-	-	-	-	-	0.12	-	-	-0.15	-0.16	-0.23	-	-0.11	-0.02	-0.10	-0.11	0.03
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	-	0.27	0.13	0.05	-0.33	-0.02	0.21	0.08	-	-0.16	-	-0.26	-	-	-	-	-	-	-	-	-	-
Weighted average number of common shares/general and limited partner units outstanding
Basic
13,696	13,636	13,626	13,610	13,594	13,513	13,488	13,472	-	13,822	13,813	-	-	14,949	14,949	-	-	-	-	-	-	-	-	-	-	-	10,156	-	-	9,999	9,999	9,983	-	9,701	9,617	9,560	9,541	9,525
Diluted
-	-	13,626	-	-	-	13,489	-	-	13,822	13,815	-	-	14,949	14,949	-	-	-	-	-	-	-	-	-	-	-	11,132	-	-	10,801	10,623	10,188	-	9,802	9,977	9,560	9,557	9,541
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	14,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,974	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,792	-	14,247	10,768	10,595	10,575	10,353	10,353	10,225	-	10,181	-	10,080	-	-	-	-	-	-	-	-	-	-
Rooms Department [Member]
Total revenue
128,062	127,312	126,685	125,659	120,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
32,142	31,848	31,657	31,415	30,334	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and Beverage Department [Member]
Total revenue
40,267	39,869	39,289	39,505	38,134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
29,355	29,136	28,780	28,831	28,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Departments [Member]
Total revenue
17,457	17,766	17,840	18,662	19,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
6,957	6,557	6,866	6,801	6,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sotherly Hotels LP [Member]
Total revenue
185,788	184,949	183,815	183,827	178,173	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total hotel operating expenses
138,850	137,044	135,639	134,850	130,489	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
21,637	21,218	20,785	21,279	20,884	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-123	-547	-535	-504	-511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate general and administrative
6,830	6,622	6,370	6,319	6,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET OPERATING INCOME
18,346	19,515	20,484	20,875	20,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
19,768	20,498	21,082	21,081	19,953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
444	473	459	370	352	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on hedging activities
-1,177	-2,505	-2,155	-1,312	-808	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on exercise of development right
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on involuntary conversion of assets
293	311	180	208	917	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) before income taxes
926	84	-4,019	-1,693	-138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax benefit (provision)
-249	26	-26	481	469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
1,175	57	-3,993	-2,174	-608	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions To Preferred Unit Holders
7,820	7,102	6,383	5,855	5,829	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Loss Attributable To Operating Partnership Unit Holders
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss available to general and limited partnership unit holders
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-	-0.01	-	-	-	-0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-0.05	-0.12	-	-	0.10	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-	16,000	-	-	-	15,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	16,000	15,994	-	-	15,899	15,892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Indirect [Member]
Total hotel operating expenses
70,395	69,501	68,335	67,801	65,645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-