Sotherly Hotels Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 33.25 million compared to USD 32.55 million a year ago. Revenue was USD 49.02 million compared to USD 47.17 million a year ago. Net income was USD 5.13 million compared to USD 26.08 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 1.32 a year ago.
For the six months, sales was USD 61.66 million compared to USD 57.4 million a year ago. Revenue was USD 92.51 million compared to USD 85.52 million a year ago. Net income was USD 6.54 million compared to USD 25.43 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 1.2 a year ago.