Investing.com - Sotherly Hotels reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sotherly Hotels announced earnings per share of $0.120 on revenue of $39.21M. Analysts polled by Investing.com EPS of $-0.290 on revenue of $44.2M.
Sotherly Hotels 's are down 10% and is trading at $2.130 , still down 31.51% from its 52 week high of $3.11 set on Thursday, August 18, 2022.
Sotherly Hotels follows other major Real Estate sector earnings this month
Sotherly Hotels's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, for EPS of $1.13 on revenue of $2.65B.
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