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Sotherly Hotels

Nasdaq:SOHO.N
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOHO.N
Nasdaq
$112M
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. The last earnings update was 42 days ago. More info.


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SOHO.N Share Price and Events
7 Day Returns
-0.5%
NasdaqGM:SOHO.N
1.9%
US REITs
0.1%
US Market
1 Year Returns
-
NasdaqGM:SOHO.N
14.3%
US REITs
1.2%
US Market
SOHO.N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sotherly Hotels (SOHO.N) -0.5% 1.6% - - - -
US REITs 1.9% 2.5% 6% 14.3% 11.6% 28.1%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • No trading data on SOHO.N.
  • No trading data on SOHO.N.
Price Volatility
SOHO.N
Industry
5yr Volatility vs Market

SOHO.N Value

 Is Sotherly Hotels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sotherly Hotels to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sotherly Hotels.

NasdaqGM:SOHO.N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:SOHO.N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 21%) (348.29%))
1.57
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.57 * 5.96%)
12.09%

Discounted Cash Flow Calculation for NasdaqGM:SOHO.N using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Sotherly Hotels is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Sotherly Hotels is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NasdaqGM:SOHO.N DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (USD, Millions) Source Present Value
Discounted (@ 12.09%)
2019 16.00 Analyst x1 14.27
2020 16.64 Est @ 3.97% 13.24
2021 17.23 Est @ 3.6% 12.24
2022 17.81 Est @ 3.34% 11.28
2023 18.37 Est @ 3.16% 10.39
2024 18.93 Est @ 3.03% 9.55
2025 19.48 Est @ 2.94% 8.77
2026 20.05 Est @ 2.88% 8.05
2027 20.61 Est @ 2.83% 7.38
2028 21.19 Est @ 2.8% 6.77
Present value of next 10 years cash flows $101.94
NasdaqGM:SOHO.N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $21.19 × (1 + 2.73%) ÷ (12.09% – 2.73%)
$232.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $232.69 ÷ (1 + 12.09%)10
$74.35
NasdaqGM:SOHO.N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $101.94 + $74.35
$176.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $176.29 / 15.40
$11.45
NasdaqGM:SOHO.N Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.76
Current discount Discount to share price of $25.88
= -1 x ($25.88 - $40.76) / $40.76
36.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sotherly Hotels is available for.
Intrinsic value
37%
Share price is $25.88 vs Future cash flow value of $40.76
Current Discount Checks
For Sotherly Hotels to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sotherly Hotels's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sotherly Hotels's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sotherly Hotels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sotherly Hotels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:SOHO.N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.53
NasdaqGM:SOHO Share Price ** NasdaqGM (2019-06-18) in USD $7.27
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 33.34x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sotherly Hotels.

NasdaqGM:SOHO.N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SOHO Share Price ÷ EPS (both in USD)

= 7.27 ÷ -0.53

-13.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sotherly Hotels is loss making, we can't compare its value to the US REITs industry average.
  • Sotherly Hotels is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Sotherly Hotels's expected growth come at a high price?
Raw Data
NasdaqGM:SOHO.N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America REITs Industry PEG Ratio Median Figure of 142 Publicly-Listed REITs Companies 2.49x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sotherly Hotels, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sotherly Hotels's assets?
Raw Data
NasdaqGM:SOHO.N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.76
NasdaqGM:SOHO Share Price * NasdaqGM (2019-06-18) in USD $7.27
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.87x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGM:SOHO.N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SOHO Share Price ÷ Book Value per Share (both in USD)

= 7.27 ÷ 0.76

9.54x

* Primary Listing of Sotherly Hotels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sotherly Hotels is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Sotherly Hotels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Sotherly Hotels has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SOHO.N Future Performance

 How is Sotherly Hotels expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sotherly Hotels has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected REITs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sotherly Hotels expected to grow at an attractive rate?
  • Unable to compare Sotherly Hotels's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sotherly Hotels's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Sotherly Hotels's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:SOHO.N Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:SOHO.N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:SOHO.N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 187 -7 1
NasdaqGM:SOHO.N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 183 24 -7
2018-12-31 177 26 -6
2018-09-30 173 22 -6
2018-06-30 168 20 -4
2018-03-31 157 17 -5
2017-12-31 154 16 -3
2017-09-30 152 18 0
2017-06-30 153 16 0
2017-03-31 154 17 1
2016-12-31 153 18 0
2016-09-30 154 17 0
2016-06-30 150 16 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sotherly Hotels is high growth as no earnings estimate data is available.
  • Unable to determine if Sotherly Hotels is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:SOHO.N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sotherly Hotels Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SOHO.N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 -0.43 -0.43 -0.43 1.00
NasdaqGM:SOHO.N Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.53
2018-12-31 -0.42
2018-09-30 -0.43
2018-06-30 -0.32
2018-03-31 -0.40
2017-12-31 -0.24
2017-09-30 -0.01
2017-06-30 -0.02
2017-03-31 0.08
2016-12-31 -0.01
2016-09-30 0.00
2016-06-30 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sotherly Hotels will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Sotherly Hotels's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Sotherly Hotels's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Sotherly Hotels's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sotherly Hotels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sotherly Hotels has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SOHO.N Past Performance

  How has Sotherly Hotels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sotherly Hotels's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sotherly Hotels does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sotherly Hotels's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sotherly Hotels's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
Sotherly Hotels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sotherly Hotels Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SOHO.N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 183.03 -7.14 6.32
2018-12-31 177.37 -5.72 6.18
2018-09-30 172.57 -5.89 6.52
2018-06-30 167.92 -4.37 5.84
2018-03-31 156.71 -5.43 6.17
2017-12-31 153.67 -3.34 6.34
2017-09-30 152.04 -0.15 6.07
2017-06-30 152.55 -0.31 6.60
2017-03-31 153.73 1.15 6.13
2016-12-31 152.85 -0.22 6.02
2016-09-30 153.63 0.01 6.22
2016-06-30 150.30 5.59 6.89
2016-03-31 145.37 5.26 7.02
2015-12-31 139.01 5.36 6.87
2015-09-30 132.17 2.56 6.33
2015-06-30 129.83 -1.53 5.33
2015-03-31 129.30 -0.79 5.23
2014-12-31 123.25 -0.58 5.09
2014-09-30 115.85 2.18 5.01
2014-06-30 105.58 0.75 4.84
2014-03-31 94.56 -0.11 4.57
2013-12-31 89.82 -3.48 4.36
2013-09-30 87.92 -1.48 4.09
2013-06-30 88.20 -1.44 4.20
2013-03-31 87.88 -4.41 4.04
2012-12-31 87.52 -4.17 4.08
2012-09-30 86.52 -8.12 3.94
2012-06-30 84.64 -7.62 4.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sotherly Hotels has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Sotherly Hotels used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if Sotherly Hotels improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sotherly Hotels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sotherly Hotels has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SOHO.N Health

 How is Sotherly Hotels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sotherly Hotels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sotherly Hotels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sotherly Hotels's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sotherly Hotels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sotherly Hotels Company Filings, last reported 2 months ago.

NasdaqGM:SOHO.N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 78.65 391.46 29.00
2018-12-31 82.27 388.72 33.79
2018-09-30 88.50 390.34 37.02
2018-06-30 92.09 378.16 28.44
2018-03-31 92.32 380.70 30.67
2017-12-31 94.18 297.32 29.78
2017-09-30 72.51 322.99 32.65
2017-06-30 75.90 318.91 34.44
2017-03-31 77.01 303.66 21.74
2016-12-31 81.34 307.02 31.77
2016-09-30 86.96 295.06 26.43
2016-06-30 52.66 330.29 26.09
2016-03-31 52.18 319.37 14.99
2015-12-31 52.86 320.79 11.49
2015-09-30 54.90 321.99 15.47
2015-06-30 29.02 261.33 17.27
2015-03-31 27.57 257.03 16.08
2014-12-31 27.51 258.19 16.63
2014-09-30 32.92 250.16 16.92
2014-06-30 33.92 251.35 17.93
2014-03-31 31.81 253.15 13.01
2013-12-31 30.85 187.96 9.38
2013-09-30 32.26 171.03 23.79
2013-06-30 34.90 151.00 6.56
2013-03-31 33.68 153.34 7.23
2012-12-31 37.33 153.93 7.18
2012-09-30 35.83 154.94 8.48
2012-06-30 38.33 155.49 6.97
  • Sotherly Hotels's level of debt (492.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (795.1% vs 492.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Sotherly Hotels has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Sotherly Hotels has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -16.3% per year.
X
Financial health checks
We assess Sotherly Hotels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sotherly Hotels has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SOHO.N Dividends

 What is Sotherly Hotels's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.15%
Current annual income from Sotherly Hotels dividends.
If you bought $2,000 of Sotherly Hotels shares you are expected to receive $143 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sotherly Hotels's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Sotherly Hotels's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:SOHO.N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:SOHO.N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
NasdaqGM:SOHO.N Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.520 7.276
2019-01-29 0.500 7.366
2018-10-30 0.500 7.729
2018-07-24 0.500 7.024
2018-05-01 0.480 6.982
2018-01-30 0.460 7.208
2017-10-24 0.440 6.813
2017-07-25 0.440 7.253
2017-05-12 0.420 6.363
2017-05-09 0.420 6.729
2017-01-31 0.400 6.104
2016-10-25 0.380 6.383
2016-07-26 0.380 6.864
2016-04-28 0.360 6.601
2016-01-26 0.340 6.510
2015-10-27 0.320 5.321
2015-07-27 0.320 4.740
2015-04-27 0.300 3.854
2015-01-28 0.280 3.695
2014-10-28 0.260 3.447
2014-07-22 0.260 3.310
2014-04-21 0.200 2.721
2014-01-21 0.180 2.889
2013-10-22 0.180 3.387
2013-07-24 0.160 3.526
2013-04-25 0.140 3.191
2013-01-22 0.140 3.628
2012-10-23 0.120 3.618
2012-07-24 0.120 3.090
2012-04-18 0.080 2.326
2012-02-07 0.080 2.975
2011-10-20 0.080 3.433
2011-07-20 0.080 3.600
2011-05-04 0.000 0.000
2011-05-03 0.000 0.000
2011-03-29 0.000 0.000
2011-02-22 0.000 0.000
2010-11-10 0.000 0.000
2010-11-09 0.000 0.000
2010-08-10 0.000 0.000
2010-05-14 0.000 0.000
2010-05-05 0.000 0.000
2010-03-05 0.000 0.000
2010-02-23 0.000 0.000
2009-10-30 0.000 0.000
2009-10-27 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Sotherly Hotels has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sotherly Hotels only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Sotherly Hotels's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sotherly Hotels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sotherly Hotels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sotherly Hotels has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SOHO.N Management

 What is the CEO of Sotherly Hotels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Drew Sims
COMPENSATION $834,673
AGE 61
TENURE AS CEO 14.8 years
CEO Bio

Mr. Andrew M. Sims, also known as Drew, has been the Chairman and Chief Executive Officer at Sotherly Hotels Inc. since August 8, 2004. Previously, he was the President from December 2004 to December 31, 2010 at the firm. Mr. Sims was the President of MHI Hotels Services, LLC from 1995 to 2004 after serving for seven years as Vice President of Finance and Development. During his tenure as vice president of finance and development, he was instrumental in the purchase and renovation of several properties that drove the growth of MHI Hotels Services in the 1990s. Mr. SIms helped negotiate are the Hilton Wilmington Riverside and the Shell Island Resort in Wrightsville Beach, North Carolina. His association with MHI Hotels Services continues a tradition of family management which began with his father, Edgar Sims, Jr., who founded MHI Hotels Services as Maryland Hospitality Inc. in 1957. Mr. Sims began his career in 1980 as a Sales Associate at Merrill Lynch Commercial Realty. He serves as a Director of MHI Hotels Services, LLC. He has been a Director of Sotherly Hotels Inc. since 2004. Mr. Sims was a Member of Franchise Advisory board for Hilton Hotels. He is also involved in the community as a trustee and basketball coach for Walsingham Academy. Mr. Sims holds a Bachelor's Degree in Commerce from Washington & Lee University.

CEO Compensation
  • Drew's compensation has increased whilst company is loss making.
  • Drew's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sotherly Hotels management team in years:

7.4
Average Tenure
57
Average Age
  • The average tenure for the Sotherly Hotels management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Drew Sims

TITLE
Chairman & CEO
COMPENSATION
$835K
AGE
61
TENURE
14.8 yrs

Dave Folsom

TITLE
President
COMPENSATION
$583K
AGE
53
TENURE
8.4 yrs

Tony Domalski

TITLE
VP, Secretary & CFO
COMPENSATION
$606K
AGE
56
TENURE
6.4 yrs

Scott Kucinski

TITLE
Vice President of Operations & Investor Relations
TENURE
9.9 yrs

Bert Kirkland

TITLE
Compliance Officer
TENURE
6 yrs

Dave Surette

TITLE
Corporate Controller
AGE
58
TENURE
5.4 yrs

Ashley Kirkland

TITLE
Corporate Counsel & Operations Analyst
Board of Directors Tenure

Average tenure and age of the Sotherly Hotels board of directors in years:

6.1
Average Tenure
56
Average Age
  • The tenure for the Sotherly Hotels board of directors is about average.
Board of Directors

Drew Sims

TITLE
Chairman & CEO
COMPENSATION
$835K
AGE
61
TENURE
14.8 yrs

Dave Folsom

TITLE
President
COMPENSATION
$583K
AGE
53
TENURE
8.1 yrs

Ed Stein

TITLE
Lead Independent Director
COMPENSATION
$55K
AGE
71

Anthony Zinni

TITLE
Director
COMPENSATION
$42K
AGE
75
TENURE
14.5 yrs

Herschel Walker

TITLE
Director
COMPENSATION
$42K
AGE
56
TENURE
4.2 yrs

George Gibson

TITLE
Director
COMPENSATION
$48K
AGE
52
TENURE
2.2 yrs

Maria Caldwell

TITLE
Director
AGE
54
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Sotherly Hotels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sotherly Hotels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SOHO.N News

Simply Wall St News

SOHO.N Company Info

Description

Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel. The Company owns hotels that operate under the Hilton Worldwide, InterContinental Hotels Group and Marriott International, Inc. brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

Details
Name: Sotherly Hotels Inc.
SOHO.N
Exchange: NasdaqGM
Founded: 1957
$112,396,180
$99,007,200
15,396,737
Website: http://www.sotherlyhotels.com
Address: Sotherly Hotels Inc.
410 West Francis Street,
Williamsburg,
Virginia, 23185,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SOHO Common Stock Nasdaq Global Market US USD 17. Dec 2004
DB MCL Common Stock Deutsche Boerse AG DE EUR 17. Dec 2004
NasdaqGM SOHO.B PFD SER B Nasdaq Global Market US USD 29. Aug 2016
NasdaqGM SOHO.O 7.875% PFD SER C Nasdaq Global Market US USD 11. Oct 2017
NasdaqGM SOHO.N 8.25% CM PFD D Nasdaq Global Market US USD 12. Apr 2019
Number of employees
Current staff
Staff numbers
13
Sotherly Hotels employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:52
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.