Sotherly Hotels (SOHO) Lags Q2 FFO and Revenue Estimates

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.21 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -38.24%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.19, delivering a surprise of +18.75%. It will be intere ...