Shares of Sotherly Hotels Inc. (SOHO) are up 6.18% in after-hours trading at $2.92. Last session, Sotherly stock closed at $2.75, trading between $2.7101 and $2.86. Shares of SOHO stock traded for 55805.0, below its 50-day daily volume of 0.27 million and below its year-to-date volume of 0.19 million.

The SOHO stock has declined 19.05% in the past year, and in the last week it fell -0.72%. Since May, SOHO stock has lost 2.48% but is still up 10.00% for the year. On announcing that the company would release its financial information, SOHO stock gained traction.

When will SOHO release its quarterly results?

Sotherly owns and manages self-managed and self-administered lodging properties in the Southern United States that are primarily focused on acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full service properties. SOHO’s current portfolio consists of investments in twelve hotel properties, totaling 3,156 rooms, along with ownership interests in two condominium hotels and their rental programs.

Hotel properties that SOHO owns include those operated by Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc. Williamsburg, Virginia, is home to SOHO, which was formed in 2004.

Yesterday, Sotherly announced it will report its financial results for the second quarter of 2021 before the market opens on Thursday, August 12, 2021.

An investor conference call will take place that same day at 10:00 a.m. Eastern Time (ET). During the conference call, SOHO’s management will discuss the Company’s results for the second quarter of 2021. SOHO’s earnings release, which will be available on the Company’s website under the Investors section under Financial Information, contains the information to be discussed on the call.

SOHO’s performance in the previous quarter:

Following are highlights for Sotherly’s results for the first quarter ended March 31, 2021:

• For SOHO’s composite portfolio, RevPAR (revenue per available room) decreased by 26.0% over the corresponding quarter last year, to $66.14, owing to a 21.1% decline in occupancy and a 6.1% decrease in average daily rate (“ADR”).
• The total revenue generated by SOHO decreased 39.2% during the three-month period ended March 31, 2021. It was approximately $22.6 million compared to approximately $37.2 million during the same period last year.
• Sotherly has suspended its regular quarterly cash dividends, per its Board of Directors’ approval, to conserve liquidity. For the quarter ended March 31, 2021, SOHO did not pay a dividend on either its common stock or its common units.
• Hotel EBITDA for Sotherly (SOHO) was approximately $4.2 million during the three months ended March 31, 2021. A 17.0% decrease in hotel EBITDA, or approximately $0.9 million, was recorded over the quarter.