Sotherly Hotels Expects 2Q23 Total Revenue Of $48.881M-$51.311M Vs. $40.6M Estimate, Adjusted FFO Per Unit Of $0.40-$0.44

Q2 2023 Outlook

Set forth below is the Company's guidance for Q2 2023.  The table below reflects the Company's projections, within a range, of various financial measures for Q2 2023, in thousands of dollars, except per share and RevPAR data:

Q2 2023 Guidance
Low Range			High Range
Total revenue	$	48,881		$	51,311
Net income	4,862		5,641
Net income available to common stockholders and unitholders	2,867	3,646
EBITDA	13,570		14,349
Hotel EBITDA	15,645		16,424
FFO available to common stockholders and unitholders	7,404		8,183
Adjusted FFO available to common stockholders and unitholders	7,770		8,549
Net income per share available to common stockholders	$	0.15		$	0.19
FFO per common share and unit	$	0.38	$	0.42
Adjusted FFO per common share and unit	$	0.40	$	0.44
Rev PAR	$	132.63	$	139.23
Hotel EBITDA margin	32.0	%	32.0	%